Paul Tudor Jones: Earn Your First Billion Dollars Using The Proven Systems of the Top Hedge Fund Billionaires (Trading Secrets Series) by Stan Miller

Author:Stan Miller [Miller, Stan]
Language: eng
Format: epub
Published: 2017-10-30T22:00:00+00:00

Defense first before Offense

In his interviews he always emphasized the importance of knowing your risks and always protecting yourself emotionally and preserving your capital. Jones knows how much risk he takes per position and when he will go out. So let’s say you have a Stock and bought it at $10 per share. You anticipate that it will go up but when it doesn’t, you will get out at $9 per share no matter what happens. He rides his winners, and cut his losers immediately if it doesn’t follow his views. So even though he lost, the winners would offset his losses because he rode them to spectacular profits. Diversification is also involved here so he doesn’t put his eggs in one basket. Capital Preservation is number one for Jones.

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