"Michael Marcus taught me one other thing that……" — 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 it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money."
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Bruce Kovner
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12 Quotes by Bruce Kovner
Bruce Kovner has 12 quotes on this site.
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Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they…
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My experience with novice traders is that they trade three to five times too big. They are taking 5 to…
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Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says…
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Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know…
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Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a…
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The Heisenberg principle - If something is closely observed, the odds are it is going to be altered in the…
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In a bear market, you have to use sharp countertrend rallies to sell.
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Michael [Marcus] taught me one thing that was incredibly important... He taught me that you could make a million dollars.…
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Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice.…
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If you don't work very hard, it is extremely unlikely that you will be a good trader.
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I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing,…
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