Attitude Quote by Randy McKay

I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will…

— Richard Dennis

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

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

People told me I'd have to deal more with losing at this level. I understood that, but I didn't want to start accepting losses.

— Vince Young

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

Whenever I take a position, I like to imagine what it would be like under the worst-case scenario. In doing so, I minimize the…

— Gil Blake

I think you learn a lot from losses.

— Cain Velasquez

If you think in terms of major losses, because losses loom much larger than gains - that's a very well-established finding - you tend…

— Daniel Kahneman

I've learned from my losses.

— Jeremy Stephens

We continue to adhere to a common-sense view of risk - how much we can lose and the probability of losing it. While this…

— Seth Klarman

What I've learned from those losses... Priceless.

— Robbie Lawler

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