Paul Tudor Jones Quotes
101 Paul Tudor Jones Quotes
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Decrease your trading volume when you are trading poorly; increase your volume when you are trading well.
Paul Tudor Jones
Never trade in situations where you don’t have control.
Paul Tudor Jones
I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.
Paul Tudor Jones
If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.
Paul Tudor Jones
There is nothing better than a fresh start.
Paul Tudor Jones
Don’t be too concerned about where you got into a position. The only relevant question is whether you are bullish or bearish on the position that day.
Paul Tudor Jones
I can always tell a rookie trader because he will ask me, ‘Are you short or long?’ Whether I am long or short should have no bearing on his market opinion.
Paul Tudor Jones
Every day I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum drawdown.
Paul Tudor Jones
Don’t be a hero. Don’t have an ego.
Paul Tudor Jones
Always question yourself and your ability.
Paul Tudor Jones
Don’t every feel that you are very good. The second you do, you are dead.
Paul Tudor Jones
Jesse Livermore, one of the greatest speculators of all time, reportedly said that, in the long run, you can’t ever win trading markets. That was a devastating quote for someone like me, just getting into the business.
Paul Tudor Jones
The idea that you can’t beat the markets is a frightening prospect. That is why my guiding philosophy is playing great defense.
Paul Tudor Jones
If you make a good trade, don’t think it is because you have some uncanny foresight.
Paul Tudor Jones
Always maintain your sense of confidence, but keep it in check.
Paul Tudor Jones
I recognize how ephemeral success can be in this business.
Paul Tudor Jones
My biggest hits have always come after I have had a great period and I started to think that I knew something.
Paul Tudor Jones
I… have a very short-term horizon for pain.
Paul Tudor Jones
I consider myself a premier market opportunist. That means I develop an idea on the market and pursue it from a very-low-risk standpoint until I have repeatedly been proven wrong, or until I change my viewpoint.
Paul Tudor Jones
I have always been a swing trader, meaning that I believe the very best money is to be made at the market turns.
Paul Tudor Jones
Everyone says you get killed trying to pick the middle.. well, for twelve years, I have often been missing the middle, but I have caught a lot of bottoms and tops.
Paul Tudor Jones
Markets trend only about 15 percent of the time; the rest of the time they move sideways.
Paul Tudor Jones
I can go into any market and create a stir for a day or two, maybe even a week. If I go into a market at just the right moment, by giving it a little gas on the upside, I can create the illusion of a bull market. But, unless the market is really sound, the second I stop buying, the price is going to come right down.
Paul Tudor Jones
I attribute my own success to the Elliott Wave approach.
Paul Tudor Jones
I think one of my strengths is that I view anything that has happened up to the present point in time as history.
Paul Tudor Jones
I really don’t care about the mistake I made three seconds ago in the market. What I care about is what I am going to do from the next moment on.
Paul Tudor Jones
I try to avoid any emotional attachment to a market.
Paul Tudor Jones
I avoid letting my trading opinions be influenced by comments I may have made on the record about a market.
Paul Tudor Jones
I got out of the brokerage business because I felt there was a gross conflict of interest: If you are charging a client commissions and he loses money, you aren’t penalized.
Paul Tudor Jones
Treasury Secretary Baker’s weekend statement that the U.S. would no longer support the dollar because of its disagreements with West Germany was the kiss of death for the market.
Paul Tudor Jones
I remember the time I got run over by a boat, and my backside was chewed up by the propeller. My first thought was, ‘Dammit, I just ruined my Sunday afternoon because I have to get stitched up.’ Because I was in shock, I didn’t even realize how badly cut up I was until I saw the faces of my friends.
Paul Tudor Jones
Everything gets destroyed a hundred times faster than it is built up. It takes one day to tear down something that might have taken ten years to build.
Paul Tudor Jones
Borrowing our way into prosperity. We borrowed against the future, and soon we will have to pay.
Paul Tudor Jones
I think that we are going to be in for a period of pain. We are going to relearn what financial discipline is all about.
Paul Tudor Jones
A good system may be able to trade more markets effectively than a good trader because it has the advantage of unlimited computing power.
Paul Tudor Jones
Every trade decision is the product of some problem-solving process – human or otherwise.
Paul Tudor Jones
A good trader will usually be able to outperform a good system.
Paul Tudor Jones
When I trade, I don’t just use a price stop, I also use a time stop.
Paul Tudor Jones
One of my weaknesses is that I always tend to be too optimistic, particularly about the ability of other people to succeed.
Paul Tudor Jones
The markets have been so good to me that I feel I should give back something in return.
Paul Tudor Jones
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