Activity Quote by Bruce Kovner

“The Heisenberg principle - If something is closely observed, the odds are it is going to be altered in the process. The more a price pattern is observed by speculators the more prone you have false signals; the more the market is a product of nonspeculative activity, the greater the significance of technical breakout”

Bruce Kovner

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Activity Altered Greater Ifs Odds Patterns Principles Process Products Signals Significance Speculators

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In 1983, I set up Caxton Corp. Its been an interesting and happy ride since.

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Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you think your…

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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.

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In 1983, I set up Caxton Corp. It's been an interesting and happy ride since.

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If you personalize losses, you can't trade.

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My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on…

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The first rule of trading - there are probably many first rules - is don't get caught in a situation in which you can…

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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, incidentally.

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Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined primarily by…

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Michael [Marcus] taught me one thing that was incredibly important... He taught me that you could make a million dollars. He showed me that…

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Explore all 17 Bruce Kovner quotes

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