From the previous link
“At the end of the day, the most important thing is how good you are at risk control. Ninety-percent of any great trader is going to be the risk control.” – Paul Tudor Jones
“The elements of good trading are: 1. Cutting losses, 2. Cutting losses, and 3. Cutting losses. If you can follow these three rules, you may have a chance.” – Ed Seykota
“The golden rule of trading is to keep losses at a level of 1 R as often as possible and to make profits that are high-R multiples.” Van Tharp