If you want to survive in the market, forget about theories and pay attention to Paul Tudor Jones, one of the most legendary traders. He not only made millions during the 87 crisis, but has maintained a successful hedge fund for decades.

His rules are straightforward, no-nonsense, and will help you protect your capital:

1. Don't average down on losses: If you're wrong, don't keep throwing money at it. It's like pouring gasoline on a fire.

2. Avoid the uncontrollable: Don't trade in markets where a single tweet can ruin you. Liquidity is your friend.

3. Exit when you feel uncomfortable: If a trade is keeping you up at night, it's time to close it. Your peace of mind is worth more than any potential profit.

4. Forget about the entry price: What matters is the present, not what price you entered at.

5. Defend yourself first: Protect your capital as if it's the most valuable thing you have. Because it is.

6. Assume you're wrong: This mindset keeps you humble and quick to cut losses.

7. Leave your ego at the door: Overconfidence is the quickest recipe for disaster.

The true skill of Jones is not guessing the market, but having the discipline to protect himself when everything changes. His habits are not just advice, they are survival rules.

Which of these rules do you find the hardest to follow? Share your thoughts.

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