A Quote by Bruce Kovner

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.

Bruce Kovner

Quote Topics

Big Novice Percent Risks Should Taking Times Too Trade Traders

Quote Author

Bruce Kovner
American - Businessman
Born: February 27, 1945

My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent risks on a trade when they should be taking 1 to 2 percent risks. The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade.

Bruce Kovner

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I'm not scared of big stadiums. There are other risks in my profession, and I love taking risks.

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Success will come. Or it won't. But I think you can only make a go at it in a big way by fully being yourself and taking risks. People can feel risks.

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Travis Pastrana

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Jeffrey Gundlach

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Nicholas Winton

On Earth, men and women are taking the same risks. Why shouldn't we be taking the same risks in space?

Valentina Tereshkova

When it comes to storytelling, not taking risks is riskier than swinging for the fences. I have very simple ambitions when it comes to taking risks in storytelling and programming. I try very hard to avoid the expected.

David Nevins

Sociopaths are not inhibited by the notion that it's wrong to be addicted, or wrong to buy illegal drugs. Also, drinking or taking drugs can be a lot of fun, and even if it's not, it can dull that painful boredom for a while. So can certain other things, like taking risks, and particularly if you take a risk-averse person and you can manipulate him or her into taking risks, that's really fun.