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. — Bruce Kovner Copy Share Image
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… — Bruce Kovner Copy Share Image
In 1983, I set up Caxton Corp. Its been an interesting and happy ride since. — Bruce Kovner Copy Share Image
Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you think your… — Bruce Kovner Copy Share Image
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 Copy Share Image
In 1983, I set up Caxton Corp. It's been an interesting and happy ride since. — Bruce Kovner Copy Share Image
My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on… — Bruce Kovner Copy Share Image
The first rule of trading - there are probably many first rules - is don't get caught in a situation in which you can… — Bruce Kovner Copy Share Image
If you don't work very hard, it is extremely unlikely that you will be a good trader. — Bruce Kovner Copy Share Image
I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally. — Bruce Kovner Copy Share Image
Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined primarily by… — Bruce Kovner Copy Share Image
Michael [Marcus] taught me one thing that was incredibly important... He taught me that you could make a million dollars. He showed me that… — Bruce Kovner Copy Share Image
![“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 applied yourself, great things could happen. It is very easy to miss the point that you really can do it.” quote by Bruce Kovner](https://sms4smile.com/quotes/img-quotes/9e8/bruce-kovner-30819_can-do_michael-marcus-taught-me-one-thing-that_1708047.jpg)