“The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.”
Paul Tudor Jones’ 10 Trading Principles that made him a Legend and a Billionaire:
Thread 🧵👇
“The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.”
“At the end of the day, your job is to buy what goes up and to sell what goes down.”
“Every day I assume every position I have is wrong.”
“Losers average losers.” (Posted on the wall of his office).
“You adapt, evolve, compete or die.”
“Failure was a key element to my life’s journey.”
“At the end of the day, the most important thing is how good are you at risk control.”
“When I am trading poorly, I keep reducing my position size. That way, I will be trading my smallest position size when my trading is worst.”
More from Steve Burns
Ten lessons from the book:
“What I Learned Losing a Million Dollars” by Jim Paul and Brendan Moynihan
A thread 🧵👇
“Experience is the worst teacher. It gives the test before giving the lesson.”
“Smart people learn from their mistakes and wise people learn from somebody else’s mistakes.”
“A fool must now and then be right by chance.” - William Cowper
https://t.co/Uq1h66riIF
“What I Learned Losing a Million Dollars” by Jim Paul and Brendan Moynihan
A thread 🧵👇
“Experience is the worst teacher. It gives the test before giving the lesson.”
“Smart people learn from their mistakes and wise people learn from somebody else’s mistakes.”
“A fool must now and then be right by chance.” - William Cowper
https://t.co/Uq1h66riIF
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“We don’t negotiate salaries” is a negotiation tactic.
Always. No, your company is not an exception.
A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.
Listen to Aditya
And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.
I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.
You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.
Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]
Always. No, your company is not an exception.
A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.
Listen to Aditya
"we don't negotiate salaries" really means "we'd prefer to negotiate massive signing bonuses and equity grants, but we'll negotiate salary if you REALLY insist" https://t.co/80k7nWAMoK
— Aditya Mukerjee, the Otterrific \U0001f3f3\ufe0f\u200d\U0001f308 (@chimeracoder) December 4, 2018
And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.
I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.
You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.
Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]
