Billionaire investor Paul Tudor Jones famously earned a 4-year streak of triple-digit returns. Here are the 7 trading rules he lives by after suffering a devastating loss.
"I always think about losing money as opposed to making money," he said.
"Back then, in that cotton trade, I had a vision of July going to 89 cents and I thought about all the money I was going to make on 400 contracts," he said. "I didn't think about what I could lose." "Perhaps most important, he has done what many thought impossible: combine five consecutive, triple-digit return years with very low equity retracements ," said Schwager.
4. "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."
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