1. Qualitative and quantitative pattern recognition helps him successfully adapt to the rise of algorithmic trading. He uses the habits of algorithms to his advantage.
2. He advises against Pyramiding.
3. Back-tests can deceive. Markets keep changing. What worked yesterday won't necessarily work today, so be flexible in your approach.
4. Search out ways to adjust your strategy to fit the current conditions.
5. Old dogs can learn new tricks. The last five years have been some his best in terms of returns.
5. Most work is done after market hours and outside of actual trading.
6. He sincerely believes that anything can be achieved. Any limitations that you put on your performance will be the hurdle rate for someone else.
7. No one should outwork you.
8. "You can't desire action more than you want to win."
9. Given the number of tradeable financial products created since the '80s, opportunity is greater for us today than it was for him 20-30 years ago.
10. He was among the first to trade the SP500 futures when they were listed on CME in 1982.