Bigs Quote by Bruce Kovner
“My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on a trade when they should be taking 1 to 2 percent risks. The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade.”
About This Quote
Novice traders over‑leverage, risking too much per trade, which creates emotional strain and can lead to loss.
In simple terms: Traders risk too much, causing stress.
Key Takeaway
Limit risk per trade to small percentages.
Themes
risk management
trading psychology
capital preservation
learning curve
Mood
cautious
analytical
Type
educational
practical
When to use this quote
- stock market
- personal finance
- investment training
- risk assessment
Key Concepts
leverage
emotional discipline
financial strategy
Questions to Reflect On
- How can you improve risk assessment?
- What habits reduce emotional trading?
A Different Perspective
Market volatility can still cause losses despite caution.
![“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)
![“The only regret I have in my career, is my managers wanted a big payday, and I wanted four or five more fights before going in with [Larry] Holmes. That would have made all the difference.” quote by Gerry Cooney](https://sms4smile.com/quotes/img-quotes/d63/gerry-cooney-20863_bigs_the-only-regret-i-have-in-my-career-is-m_1534.jpg)
