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 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
In 1983, I set up Caxton Corp. Its been an interesting and happy ride since. — Bruce Kovner Copy Share
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
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
In 1983, I set up Caxton Corp. It's been an interesting and happy ride since. — Bruce Kovner Copy Share
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
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
If you don't work very hard, it is extremely unlikely that you will be a good trader. — Bruce Kovner Copy Share
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
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
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
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… — Bruce Kovner Copy Share
Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong… — Bruce Kovner Copy Share
