The Best Documentary Trading of the World: Paul Tudor Jones

18:30 - everything you need to know.

"When you take an initial position you have no idea whether you are right or not. What's exciting is if it starts to go your way."
 
Scataphagos said:
Most significant thing I heard... "You risked $.10 to make $8".

Can't often get those odds, but that's how good traders think.
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Big Trends;
that is a good name for a book /LOL. I like a big trend;
but may want a plan b , because plenty of of them go to .30 or .333/ to1/3rd of that 8 + reverse.
And if one gets in the habit of taking profits @ 1/3 of 8; hard to get $8 that way.
Seat of pant still relevant?? Can be in trading with guidelines; with airlines, seat of pants =crash + burn for real................................................................................................
 
trader221 said:
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Paul usually has his people take these videos down from youtube. He is clearly embarrassed. He does not like people seeing the reality that he is a seat-of-the-pants coin flipper without a method to his madness. He beat the distribution to become a winner, just like lotto winners.
 
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