Jim Rogers graduated from Yale University and has a degree in philosophy, politics and economics from Oxford University. Jimmy Rogers became a Wall street legend when he and George Soros founded the Quantum Fund.After his career as a hedge fund manager and investor,Jim Rogers now periodically teaches finance at Columbia University, and appears regularly on the CNBC Cable Network.
Wednesday, April 16, 2014
Every Trader Must Come To Terms With Losing
As you may have noticed, futures trading is a humbling vocation. Every
trader must come to terms with losing, because all traders lose. In
fact, most traders lose most of the time. It`s the bottom line that
counts - winning more than you lose. But since losses are unavoidable
one other primary principle of trading is to limit your losses.
Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).