Novice Traders Quotes by Bruce Kovner

More Quotes by Bruce Kovner

Bruce Kovner has 12 quotes on this site. A few more worth reading:

• Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be…
• My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent…
• Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he’s not…
• Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I'm…
• Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined…
• The Heisenberg principle - If something is closely observed, the odds are it is going to be altered in the process. The…
• Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is…
• In a bear market, you have to use sharp countertrend rallies to sell.
• Michael [Marcus] taught me one thing that was incredibly important... He taught me that you could make a million dollars. He showed…
• Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you…
• If you don't work very hard, it is extremely unlikely that you will be a good trader.
• I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally.

See all 12 quotes by Bruce Kovner »