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.
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
- 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… - 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…
Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I'm getting out before I get in. The positio… - Bruce Kovner
Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I'm getting out before I get in. The positio…
Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with … - Bruce Kovner
Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with …
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 …
If you personalize losses, you can't trade. - Bruce Kovner
If you personalize losses, you can't trade.
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…
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…
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