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…

— Bruce Kovner

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

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

Traders focus almost entirely on where to enter a trade. In reality, the entry size is often more important than the entry price

— Jack D. Schwager

I think average investors should not trade a lot. The evidence is overpowering. The more you trade, the less you earn.

— John C. Bogle

When the profits of trade happen to be greater than ordinary, over-trading becomes a general error both among great and small dealers.

— Adam Smith

“Trading effectively is about assessing probabilities, not certainties.”

— Yvan Byeajee

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

Some people are so busy learning the tricks of the trade that they never learn the trade.

— Anonymous

I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.

— Warren Buffett

Throughout my trading career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk.…

— Larry Hite

Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on. Some people say,…

— Bill Lipschutz