10 Best Paul Tudor Jones Quotes For Traders

When it comes to legendary traders, few are more well-known than Paul Tudor Jones. Born in 1954 in Memphis, Tennessee, Jones became interested in the markets while working as a clerk on the New York Cotton Exchange in the 1970s. He was fascinated by the way prices moved and how different traders approached the market.

After watching and learning from some of the best traders on the exchange, he decided that he wanted to become one himself.

In 1976, he took a job as a commodities broker with E.F. Hutton & Co. However, he quickly realized that working for someone else was not for him and that he wanted to strike out on his own. So, in 1980, he founded Tudor Investment Corporation—one of the most successful hedge funds of all time. 

One of Jones’ most famous trades came during the 1987 stock market crash. On October 19th—Black Monday—the Dow Jones Industrial Average plunged 22%, its biggest one-day percentage drop ever. While most investors were panicking and selling their stocks, Jones saw an opportunity.

In recent years, Jones has taken a more hands-off approach to running Tudor Investment Corporation, instead delegating much of the day-to-day decision-making to his team. He has also become increasingly focused on philanthropy and giving back to those less fortunate.

In 2013, he founded Just Capital—a non-profit organization that ranks companies based on their treatment of workers, customers, shareholders, and communities—and has donated millions of dollars to causes like education and medical research.

10 Paul Tudor Jones Quotes for Traders

Paul Tudor Jones has had such a successful trading career, traders from all levels and backgrounds can benefit from his words of wisdom. Below are the top Paul Tudor Jones Quotes on trading and life in general.

I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have.

Paul Tudor Jones

Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.

Paul Tudor Jones

And then at the end of the day, the most important thing is how good are you at risk control. Ninety-percent of any great trader is going to be the risk control.

Paul Tudor Jones

Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.

Paul Tudor Jones

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

First of all, never play macho man with the market. Second, never overtrade.

Paul Tudor Jones

It is not that we had any unfair knowledge that other people didn’t have, it is just that we did our homework. People just don’t want to believe that anyone can break away from the crowd and rise above mediocrity.

Paul Tudor Jones

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You can not have significance in this life if it is all about you. You get your significance, you find your joy in life through service and sacrifice – it’s pure and simple.

Paul Tudor Jones

If life ever ceased to be an educational experience. I probably wouldn’t get out of bed in the morning.

Paul Tudor Jones

I think one of my strengths is that I view anything that has happened up to the present point in time as history. I really don’t care about the mistake I made three seconds ago in the market. What I care about is what I am going to do from the next moment on. I try to avoid any emotional attachment to a market.

Paul Tudor Jones

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