Billionaire Paul Tudor Jones's 5 Trading Rules:

1. Never average down on losses

(Original meaning: Do not lower the average cost of losing positions by adding to them)

2. Abandon arrogance

(Emphasizes avoiding sticking to wrong decisions due to pride)

3. Once the market starts, volatility is often extreme

(Reveals the explosive characteristics of trending markets)

4. Focus on protecting principal, rather than chasing profits

(The core principle is risk control first)

5. Capture opportunities with an excellent risk-reward ratio

(Look for moments when potential returns far exceed risks)

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