Bigs Quote by Bruce Kovner

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

I basically learned that you must get out of your losses immediately. It's not merely a matter of how much you can afford to…

— Randy McKay

Never risk more than 1% of total account equity on any one trade. By risking 1%, I am indifferent to any individual trade. Keeping…

— Larry Hite

When you're trading well, you have a better mental attitude. When you're trading poorly, you start wishing and hoping. Instead of getting into trades…

— Randy McKay

The good traders are the ones who can hold their ground the majority of the month and participate in that small handful of trades…

— Linda Bradford Raschke

And then at the end of the day, the most important thing is how good are you at risk control. Ninety-percent of any great…

— Paul Tudor Jones

Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut…

— Michael Marcus

To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time or energy…

— Alexander Elder

The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you…

— Ed Seykota

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

Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in…

— Paul Tudor Jones

Some of the best trades come when everyone gets very panicky. The crowd can often act very stupidly in the markets. You can picture…

— Linda Bradford Raschke