Accounts Quote by Randy McKay

You have to minimize your losses and try to preserve capital for those very few instances where you can make a lot in a…

— Richard Dennis

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

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

To make the most of your money, I recommend sticking with mutual funds that don't charge a commission when you buy or sell.

— Suze Orman

We believe the size is almost irrelevant to investment success. Our size has certainly not diminished our enthusiasm for investing in our funds, our…

— John Paulson

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

Risk can be greatly reduced by concentrating on only a few holdings.

— Warren Buffett

The corporate killer downsizing is directly responsive to what the mutual funds have wanted.

— Jim Cramer

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

Trade small because thats when you are as bad as you are ever going to be. Learn from your mistakes.

— Richard Dennis

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

My advice to most people is don't short stocks. It's a very, very difficult business. And you can really get clobbered.

— Whitney Tilson