This is from another thread where Paul Tudor Jones (a famous trader) was mentioned. This is very good information.
"Boy, does this photo bring back some memories from many moons ago . . . ( taken from Tudor Investment's original office at 160 Broadway, Room 905 ) I sat in that same chair on many an occasion, except PTJ was the one with enormous balls!
He (PTJ) was never afraid to dump a "loser".
He was aggressive, but also had an uncanny ability to be extremely objective and not allow his ego to get in the way.
He would constantly "test" the markets . . . by that I mean putting on a position based on some technical work, and then letting the market tell him if he was right or wrong. Testing, Testing, Testing. - - - Kind of like being a bass fisherman and seeing if you could find that one place where the big one's were biting!
If something wasn't "working" he would turn around and just flat-out dump the whole position. "
"Boy, does this photo bring back some memories from many moons ago . . . ( taken from Tudor Investment's original office at 160 Broadway, Room 905 ) I sat in that same chair on many an occasion, except PTJ was the one with enormous balls!
He (PTJ) was never afraid to dump a "loser".
He was aggressive, but also had an uncanny ability to be extremely objective and not allow his ego to get in the way.
He would constantly "test" the markets . . . by that I mean putting on a position based on some technical work, and then letting the market tell him if he was right or wrong. Testing, Testing, Testing. - - - Kind of like being a bass fisherman and seeing if you could find that one place where the big one's were biting!
If something wasn't "working" he would turn around and just flat-out dump the whole position. "
