|

|

Advertisements

Bruce Kovner Quotes

Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks Picture Quote #1

Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you think your position ought to be, cut it at least in half Picture Quote #1

In a bear market, you have to use sharp countertrend rallies to sell Picture Quote #1

My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on a trade when they should be taking 1 to 2 percent risks. The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade Picture Quote #1

Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he’s not going to take a patient’s temperature Picture Quote #1

Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined primarily by the maximum dollar amount you are willing to lose Picture Quote #1

Advertisements

If you don’t work very hard, it is extremely unlikely that you will be a good trader Picture Quote #1

I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally Picture Quote #1

Friendship Quotes

Motivational Quotes

Inspirational Quotes

Advertisements

Text Quotes

Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks (Bruce Kovner Quotes) Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you think your position ought to be, cut it at least in half (Bruce Kovner Quotes) In a bear market, you have to use sharp countertrend rallies to sell (Bruce Kovner Quotes) My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on a trade when they should be taking 1 to 2 percent risks. The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade (Bruce Kovner Quotes) Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he’s not going to take a patient’s temperature (Bruce Kovner Quotes) Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined primarily by the maximum dollar amount you are willing to lose (Bruce Kovner Quotes) If you don’t work very hard, it is extremely unlikely that you will be a good trader (Bruce Kovner Quotes) I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally (Bruce Kovner Quotes)