Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined primarily by the maximum dollar amount you are willing to lose

Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he's not going to take a patient's temperature.

If you don't work very hard, it is extremely unlikely that you will be a good trader.

The first rule of trading - there are probably many first rules - is don't get caught in a situation in which you can lose a great deal of money for reasons you don't understand.

If you personalize losses, you can't trade.

Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.

In a bear market, you have to use sharp countertrend rallies to sell.

I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally.

In 1983, I set up Caxton Corp. Its been an interesting and happy ride since.

I profess not to know how women's hearts are wooed and won. To me they have always been matters of riddle and admiration.

The point of living in the world is just to stay interested.

But people who really know me, know that I am not a bad boy at heart I am a big teddy bear.

Why don't you have a cup of coffee at least? I, um, I'm a little low in sugar and I don't have any cream, but it's real coffee.

John Redwood is a young man but, let's face it, so was Margaret Thatcher in 1975.

The ultimate decision about what is accepted as right and wrong will be made not by individual human wisdom but by the disappearance of the groups that have adhered to the "wrong" beliefs.

If you give people really big jobs to the point that they're scared, they have way more fun and they improve their game much faster.

If I'm not complaining, I'm not having a good time, hah hah!

When it all comes together, a creative life has the nourishing power we normally associate with food, love and faith.

No tame animal has lost less of its native dignity or maintained more of its ancient reserve. The domestic cat might rebel tomorrow.