The Heisenberg principle - If something is closely observed, the odds are it is going to be altered in the process. The more a price pattern is obser…

- Bruce Kovner

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

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 temperatu…

- Bruce Kovner

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 b…

- Bruce Kovner

If you don't work very hard, it is extremely unlikely that you will be a good trader.

- Bruce Kovner

The first rule of trading - there are probably many first rules - is don't get caught in a situation in which you can lose a great deal of money for …

- Bruce Kovner

If you personalize losses, you can't trade.

- Bruce Kovner

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

- Bruce Kovner

Michael [Marcus] taught me one thing that was incredibly important... He taught me that you could make a million dollars. He showed me that if you ap…

- Bruce Kovner