[Trading Journey] đ§ You open the chart. You enter a trade. The price reverses. Youâre in the red.
You tell yourself:
âItâll come back. I was right to enterâŚâ
You hold on. You buy more to lower your average cost.
You keep holdingâŚ
Your account dwindles, and your mind spirals into chaos.
...
Youâve just learned your first lesson from Paul Tudor Jones:
âNever average down on losers. When youâre wrong, admit it and exit.â
Paul Tudor Jonesâ one of historyâs greatest tradersâonce said:
âTrading isnât a game of ego. Itâs a test of discipline and survival.â
đĄ You donât need to overcomplicate things.
Just survive and protect your capitalâ the rest will follow.
đŻ Here are 7 life-saving principles from Paul Tudor Jones.
Read, memorize, and apply them. Every day.
â Save this if youâve ever held a losing trade, been overconfident, or clung to a position out of regret.