Entrepreneurs / Investors

34 Wise Paul Tudor Jones Quotes (TRADING)

Top 10 Most Famous Paul Tudor Jones Quotes (BEST)

“The most important rule is to play great defense, not great offense. Everyday 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. Hopefully, I spend the rest of the day enjoying positions that are going in my direction. If they are going against me, then I have a game plan for getting out.”

Paul Tudor Jones
I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have.
I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have.
Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead.
Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.
Ninety-percent of any great trader is going to be the risk control.
Ninety-percent of any great trader is going to be the risk control.
Intellectual capital will always trump financial capital.
Intellectual capital will always trump financial capital.

“Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.”

Paul Tudor Jones
The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.
The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.
I always believe that prices move first and fundamentals come second.
I always believe that prices move first and fundamentals come second.
If I have positions going against me, I get right out; if they are going for me, I keep them. Risk control is the most important thing in trading.
If I have positions going against me, I get right out; if they are going for me, I keep them. Risk control is the most important thing in trading.
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.
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.

15 Wise Paul Tudor Jones Quotes on Trading to Live By (WISDOM)

“I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.”

Paul Tudor Jones
Every day I assume every position I have is wrong.
Every day I assume every position I have is wrong.
First of all, never play macho man with the market. Second, never overtrade.
First of all, never play macho man with the market. Second, never overtrade.
I spend my day trying to make myself as happy and relaxed as I can be. If I have positions going against me, I get right out; if they are going for me, I keep them.
I spend my day trying to make myself as happy and relaxed as I can be. If I have positions going against me, I get right out; if they are going for me, I keep them.
Trading is very competitive and you have to be able to handle getting your butt kicked.
Trading is very competitive and you have to be able to handle getting your butt kicked.
Where you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt.
Where you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt.

“The concept of paying one-hundred-and-something times earnings for any company for me is just anathema. Having said that, at the end of the day, your job is to buy what goes up and to sell what goes down so really who gives a damn about PE’s?”

Paul Tudor Jones
You learn more from your losses, than from your gains.
You learn more from your losses, than from your gains.
When you get a range expansion, the market is sending you a very loud, clear signal that the market is getting ready to move in the direction of that expansion.
When you get a range expansion, the market is sending you a very loud, clear signal that the market is getting ready to move in the direction of that expansion.
Trading gives you an incredibly intense feeling of what life is all about.
Trading gives you an incredibly intense feeling of what life is all about.
After awhile size means nothing. It gets back to whether you're making 100% rate of return on 10k or 100 million dollars. It doesn't make any difference.
After awhile size means nothing. It gets back to whether you’re making 100% rate of return on 10k or 100 million dollars. It doesn’t make any difference.

“[I’m looking for] 5:1 (risk/reward). Five to one means I’m risking one dollar to make five. What five to one does is allow you to have a hit ratio of 20%. I can actually be a complete imbecile. I can be wrong 80% of the time, and I’m still not going to lose.”

Paul Tudor Jones
The whole world is simply nothing more than a flow chart for capital.
The whole world is simply nothing more than a flow chart for capital.
Markets trend only about 15 percent of the time; the rest of the time they move sideways.
Markets trend only about 15 percent of the time; the rest of the time they move sideways.
At the end of the day, the most important thing is how good are you at risk control.
At the end of the day, the most important thing is how good are you at risk control.

5 Paul Tudor Jones Quotes on Success

“I think one of my strengths is that I view anything that has happened up to the present point in time as history. 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. I try to avoid any emotional attachment to a market.”

Paul Tudor Jones
Sometimes failure is merely chasing you off the wrong road and onto the right one.
Sometimes failure is merely chasing you off the wrong road and onto the right one.
I am more scared now that I was at any point since I began trading, because I recognize how ephemeral success can be in this business.
I am more scared now that I was at any point since I began trading, because I recognize how ephemeral success can be in this business.
I know that to be successful, I have to be frightened. My biggest hits have always come after I have had a great period and I started to think that I knew something.
I know that to be successful, I have to be frightened. My biggest hits have always come after I have had a great period and I started to think that I knew something.
I believe that great success is possible in any field — from music to mathematics to macro trading.
I believe that great success is possible in any field — from music to mathematics to macro trading.

4 Inspirational Paul Tudor Jones Quotes About Life

You cannot have significance in this life if it is all about you. You get your significance, you find your joy in life through service and sacrifice – it’s pure and simple.
You cannot have significance in this life if it is all about you. You get your significance, you find your joy in life through service and sacrifice – it’s pure and simple.
If life ever ceased to be an educational experience. I probably wouldn’t get out of bed in the morning.
If life ever ceased to be an educational experience. I probably wouldn’t get out of bed in the morning.
Failure was a key element to my life’s journey.
Failure was a key element to my life’s journey.
You adapt, evolve, compete or die.
You adapt, evolve, compete or die.

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