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 reasons you don't understand.
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
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
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.
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
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…
If you personalize losses, you can't trade. - Bruce Kovner
If you personalize losses, you can't trade.
If you don't work very hard, it is extremely unlikely that you will be a good trader. - Bruce Kovner
If you don't work very hard, it is extremely unlikely that you will be a good trader.
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
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 …
I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally. - Bruce Kovner
I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally.
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
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…
Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you thin… - Bruce Kovner
Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you thin…
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