--- title: "Meaning & Key Takeaway of: If trading is like chess, then macro is…" description: "\"If trading is like chess, then macro is like three-dimensional chess.\" — Paul Tudor Jones" image: "https://sms4smile.com/quotes/i/44b/paul-tudor-jones-15115_chess_if-trading-is-like-chess-then-macro-is-l_839414.jpg" --- # If trading is like chess, then macro is like… ![“If trading is like chess, then macro is like three-dimensional chess.” quote by Paul Tudor Jones](https://sms4smile.com/quotes/i/44b/paul-tudor-jones-15115_chess_if-trading-is-like-chess-then-macro-is-l_839414.jpg) [Download](https://sms4smile.com/quotes/i/44b/paul-tudor-jones-15115_chess_if-trading-is-like-chess-then-macro-is-l_839414.jpg) [Open image](https://sms4smile.com/quotes/i/44b/paul-tudor-jones-15115_chess_if-trading-is-like-chess-then-macro-is-l_839414.jpg) > “If trading is like chess, then macro is like three-dimensional chess.” [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Macro trading requires thinking in multiple dimensions, beyond simple two‑dimensional strategies. **In simple terms:** Macro needs 3‑D thinking. Key Takeaway Embrace complex, layered analysis. Themes strategy complexity macro trading Mood thoughtful analytical Type advisory inspirational When to use this quote - Portfolio management - risk assessment - global markets - policy analysis Key Concepts Systems thinking dimensional analysis Questions to Reflect On - How can you simplify multi‑dimensional insights? - When does complexity hinder performance? A Different Perspective Over‑complexity can paralyze decision‑making. ★ ★ ★ ★ ★ No ratings yet [Chess](https://sms4smile.com/quotes/about/chess/) [Chess Macro](https://sms4smile.com/quotes/about/chess-macro-627567/) [Dimensional Chess](https://sms4smile.com/quotes/about/dimensional-chess-627568/) [Ifs](https://sms4smile.com/quotes/about/ifs/) [Like Chess](https://sms4smile.com/quotes/about/like-chess-627569/) [Macro](https://sms4smile.com/quotes/about/macro/) [Three](https://sms4smile.com/quotes/about/three/) [Trading](https://sms4smile.com/quotes/about/trading/) [Trading Like](https://sms4smile.com/quotes/about/trading-like-627570/) ## Related quotes > [My off-the-cuff remarks at the University of Virginia were with regard to global macro traders, who are on-call 24/7 and of whom there are…](https://sms4smile.com/quotes/paul-tudor-jones/my-off-the-cuff-remarks-at-the-university-of-virginia-were-with/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [I believe that great success is possible in any field — from music to mathematics to macro trading.](https://sms4smile.com/quotes/paul-tudor-jones/i-believe-that-great-success-is-possible-in-any-field-from-music-to/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [Macro-trading requires a high degree of skill, focus and repetition. Life events, such as birth, divorce, death of a loved one and other emotional…](https://sms4smile.com/quotes/paul-tudor-jones/macro-trading-requires-a-high-degree-of-skill-focus-and-repetition/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [Chess, which exists predominantly in two dimensions, is one of the world's most difficult games. Three-dimensional chess is an invitation to insanity. But human…](https://sms4smile.com/quotes/robert-grudin/chess-which-exists-predominantly-in-two-dimensions-is-one-of-the/) [Robert Grudin](https://sms4smile.com/quotes/author/robert-grudin/) > [Here's the analogy. If my body were a car, I'd be thinking about trading it in around now. I would like to upgrade. I…](https://sms4smile.com/quotes/ellen-degeneres/here-s-the-analogy-if-my-body-were-a-car-i-d-be-thinking-about/) [Ellen DeGeneres](https://sms4smile.com/quotes/author/ellen-degeneres/) > [As I’ve told my three daughters, all of whom I’ve at one time encouraged to go into macro trading, any man or woman can…](https://sms4smile.com/quotes/paul-tudor-jones/as-i-ve-told-my-three-daughters-all-of-whom-i-ve-at-one-time/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/paul-tudor-jones/don-t-ever-average-losers-decrease-your-trading-volume-when-you-are/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great…](https://sms4smile.com/quotes/paul-tudor-jones/fundamentals-might-be-good-for-the-first-third-or-first-50-or-60/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a…](https://sms4smile.com/quotes/paul-tudor-jones/there-is-no-training-classroom-or-otherwise-that-can-prepare-for/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [I am more scared now that I was at any point since I began trading, because I recognize how ephemeral success can be in…](https://sms4smile.com/quotes/paul-tudor-jones/i-am-more-scared-now-that-i-was-at-any-point-since-i-began-trading/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [If I have positions going against me, I get right out; if they are going for me, I keep them Risk control is the…](https://sms4smile.com/quotes/paul-tudor-jones/if-i-have-positions-going-against-me-i-get-right-out-if-they-are/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [Trading gives you an incredibly intense feeling of what life is all about.](https://sms4smile.com/quotes/paul-tudor-jones/trading-gives-you-an-incredibly-intense-feeling-of-what-life-is-all/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [All opening moves were the same, like in chess. You don't have to come up with anything new, there's no point, because you're both…](https://sms4smile.com/quotes/paolo-giordano/all-opening-moves-were-the-same-like-in-chess-you-don-t-have-to-come/) [Paolo Giordano](https://sms4smile.com/quotes/author/paolo-giordano/) > [In a crazy way, writing is a lot like any kind of very complex game - like chess, where you have the knowledge as…](https://sms4smile.com/quotes/adam-ross/in-a-crazy-way-writing-is-a-lot-like-any-kind-of-very-complex-game/) [Adam Ross](https://sms4smile.com/quotes/author/adam-ross/) > [Human affairs are like a chess game. Only those who do not take it seriously can be called good players.](https://sms4smile.com/quotes/zicheng-hong/human-affairs-are-like-a-chess-game-only-those-who-do-not-take-it/) [Zicheng Hong](https://sms4smile.com/quotes/author/zicheng-hong/) ## More by Paul Tudor Jones > [You can not have significance in this life if it is all about you. You get your significance, you find your joy in life…](https://sms4smile.com/quotes/paul-tudor-jones/you-can-not-have-significance-in-this-life-if-it-is-all-about-you-you/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [My off-the-cuff remarks at the University of Virginia were with regard to global macro traders, who are on-call 24/7 and of whom there are…](https://sms4smile.com/quotes/paul-tudor-jones/my-off-the-cuff-remarks-at-the-university-of-virginia-were-with/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [Don't be a hero. Don't have an ego.](https://sms4smile.com/quotes/paul-tudor-jones/don-t-be-a-hero-don-t-have-an-ego/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/paul-tudor-jones/it-is-not-that-we-had-any-unfair-knowledge-that-other-people-didn-t/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [The concept of paying one-hundred-and-something times earnings for any company for me is just anathema. Having said that, at the end of the day,…](https://sms4smile.com/quotes/paul-tudor-jones/the-concept-of-paying-one-hundred-and-something-times-earnings-for/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and…](https://sms4smile.com/quotes/paul-tudor-jones/i-believe-the-very-best-money-is-made-at-the-market-turns-everyone/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [Intellectual capital will always trump financial capital.](https://sms4smile.com/quotes/paul-tudor-jones/intellectual-capital-will-always-trump-financial-capital/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [Much of my adult life has been spent fighting for equal opportunity, and the idea that I would support limiting opportunity for any segment…](https://sms4smile.com/quotes/paul-tudor-jones/much-of-my-adult-life-has-been-spent-fighting-for-equal-opportunity/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [Sometimes failure is merely chasing you off the wrong road and onto the right one.](https://sms4smile.com/quotes/paul-tudor-jones/sometimes-failure-is-merely-chasing-you-off-the-wrong-road-and-onto/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/paul-tudor-jones/and-then-at-the-end-of-the-day-the-most-important-thing-is-how-good/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [That cotton trade was almost the deal breaker for me. It was at that point that I said, “Mr. Stupid, why risk everything on…](https://sms4smile.com/quotes/paul-tudor-jones/that-cotton-trade-was-almost-the-deal-breaker-for-me-it-was-at-that/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [Macro-trading requires a high degree of skill, focus and repetition. Life events, such as birth, divorce, death of a loved one and other emotional…](https://sms4smile.com/quotes/paul-tudor-jones/macro-trading-requires-a-high-degree-of-skill-focus-and-repetition/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [There's such an emphasis on making money that we've really taken the humanity out of business.](https://sms4smile.com/quotes/paul-tudor-jones/there-s-such-an-emphasis-on-making-money-that-we-ve-really-taken-the/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [The whole world is simply nothing more than a flow chart for capital.](https://sms4smile.com/quotes/paul-tudor-jones/the-whole-world-is-simply-nothing-more-than-a-flow-chart-for-capital/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) > [I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have](https://sms4smile.com/quotes/paul-tudor-jones/i-m-always-thinking-about-losing-money-as-opposed-to-making-money-don/) [Paul Tudor Jones](https://sms4smile.com/quotes/author/paul-tudor-jones/) [Explore all 44 Paul Tudor Jones quotes ](https://sms4smile.com/quotes/author/paul-tudor-jones/) ## More Chess quotes > [I have known many chess players, but among them there has been only one genius - Capablanca!](https://sms4smile.com/quotes/emanuel-lasker/i-have-known-many-chess-players-but-among-them-there-has-been-only/) [Emanuel Lasker](https://sms4smile.com/quotes/author/emanuel-lasker/) > [Real chessplayers think about chess more or less 24 hours a day. It is a passion and a fate that one has to live…](https://sms4smile.com/quotes/simen-agdestein/real-chessplayers-think-about-chess-more-or-less-24-hours-a-day-it-is/) [Simen Agdestein](https://sms4smile.com/quotes/author/simen-agdestein/) > [It's interesting that the greatest minds of computer science, the founding fathers, like Alan Turing and Claude Shannon and Norbert Wiener, they all looked…](https://sms4smile.com/quotes/garry-kasparov/it-s-interesting-that-the-greatest-minds-of-computer-science-the/) [Garry Kasparov](https://sms4smile.com/quotes/author/garry-kasparov/) > [“Relationships are chess for women," he said. "They can see the whole board, plan way ahead. They're the queens, after all. We're the kings,…](https://sms4smile.com/quotes/laura-lippman/relationships-are-chess-for-women-he-said-they-can-see-the-whole/) [Laura Lippman](https://sms4smile.com/quotes/author/laura-lippman/) > [The election of Trump threw the chess board up. The pieces are all over the place. That's upsetting to a lot of people, but…](https://sms4smile.com/quotes/dave-rubin/the-election-of-trump-threw-the-chess-board-up-the-pieces-are-all/) [Dave Rubin](https://sms4smile.com/quotes/author/dave-rubin/) > [Playing for complications is an extreme measure that a player should adopt only when he cannot find a clear and logical plan.](https://sms4smile.com/quotes/alexander-alekhine/playing-for-complications-is-an-extreme-measure-that-a-player-should/) [Alexander Alekhine](https://sms4smile.com/quotes/author/alexander-alekhine/) > [“the shadows. “Why do you think they invented chess?” “He’s got you there,” said the captain, following Fletcher. Jake jogged slightly to catch up…](https://sms4smile.com/quotes/russell-blake/the-shadows-why-do-you-think-they-invented-chess-he-s-got-you-there/) [Russell Blake](https://sms4smile.com/quotes/author/russell-blake/) > [ \[Photographer Julian Wasser\] had this great idea that I should play chess naked with Marcel Duchamp and it seem to be such a great… ](https://sms4smile.com/quotes/eve-babitz/photographer-julian-wasser-had-this-great-idea-that-i-should-play/) [Eve Babitz](https://sms4smile.com/quotes/author/eve-babitz/) > [Chess is a good mistress but a bad master.](https://sms4smile.com/quotes/gerald-abrahams/chess-is-a-good-mistress-but-a-bad-master/) [Gerald Abrahams](https://sms4smile.com/quotes/author/gerald-abrahams/) > [I am not some sort of freak. I might be very good at chess but I'm just a normal person.](https://sms4smile.com/quotes/magnus-carlsen/i-am-not-some-sort-of-freak-i-might-be-very-good-at-chess-but-i-m/) [Magnus Carlsen](https://sms4smile.com/quotes/author/magnus-carlsen/) > [Some sacrifices are sound; the rest are mine](https://sms4smile.com/quotes/mikhail-tal/some-sacrifices-are-sound-the-rest-are-mine/) [Mikhail Tal](https://sms4smile.com/quotes/author/mikhail-tal/) > [My parents were very supportive of my chess. When I got home after a game of chess, having missed school or something, they always…](https://sms4smile.com/quotes/viswanathan-anand/my-parents-were-very-supportive-of-my-chess-when-i-got-home-after-a/) [Viswanathan Anand](https://sms4smile.com/quotes/author/viswanathan-anand/) > [Amberley excelled at chess - a mark, Watson, of a scheming mind.](https://sms4smile.com/quotes/arthur-conan-doyle/amberley-excelled-at-chess-a-mark-watson-of-a-scheming-mind/) [Arthur Conan Doyle](https://sms4smile.com/quotes/author/arthur-conan-doyle/) > [In high school, my sister went out with the captain of the chess team. My parents loved him... They figured that any guy that…](https://sms4smile.com/quotes/brian-kiley/in-high-school-my-sister-went-out-with-the-captain-of-the-chess-team/) [Brian Kiley](https://sms4smile.com/quotes/author/brian-kiley/) > [The King is a fighting piece. Use it!](https://sms4smile.com/quotes/wilhelm-steinitz/the-king-is-a-fighting-piece-use-it/) [Wilhelm Steinitz](https://sms4smile.com/quotes/author/wilhelm-steinitz/) [Browse all 2,003 Chess quotes ](https://sms4smile.com/quotes/about/chess/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "If trading is like chess, then macro is like three-dimensional chess.", "creator": { "@type": "Person", "name": "Paul Tudor Jones" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/paul-tudor-jones/if-trading-is-like-chess-then-macro-is-like-three-dimensional-chess/", "about": { "@type": "Thing", "name": "Chess" }, "@id": "https://sms4smile.com/quotes/paul-tudor-jones/if-trading-is-like-chess-then-macro-is-like-three-dimensional-chess/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/44b/paul-tudor-jones-15115_chess_if-trading-is-like-chess-then-macro-is-l_839414.jpg", "contentUrl": "https://sms4smile.com/quotes/i/44b/paul-tudor-jones-15115_chess_if-trading-is-like-chess-then-macro-is-l_839414.jpg", "url": "https://sms4smile.com/quotes/i/44b/paul-tudor-jones-15115_chess_if-trading-is-like-chess-then-macro-is-l_839414.jpg", "width": 1080, "height": 1080, "caption": "“If trading is like chess, then macro is like three-dimensional chess.” — Paul Tudor Jones", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Paul Tudor Jones", "item": "https://sms4smile.com/quotes/author/paul-tudor-jones/" }, { "@type": "ListItem", "position": 4, "name": "If trading is like chess, then...", "item": "https://sms4smile.com/quotes/paul-tudor-jones/if-trading-is-like-chess-then-macro-is-like-three-dimensional-chess/" } ], "@id": "https://sms4smile.com/quotes/paul-tudor-jones/if-trading-is-like-chess-then-macro-is-like-three-dimensional-chess/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```