A Quote by Randy McKay

I'll keep reducing my trading size as long as I'm losing My money management techniques are extremely conservative. I never risk anything approaching the total amount of money in my account, let alone my total funds.

Randy McKay

Quote Author

Randy McKay
Canadian - Ice hockey
Born: January 25, 1967

If you have an approach that makes money, then money management can make the difference between success and failure... ... I try to be conservative in my risk management. I want to make sure I'll be around to play tomorrow. Risk control is essential.

Monroe Trout

Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity.

Ray Dalio

The total amount of money that Wall Street handed out in bonuses last year was double the total income of ALL full-time minimum wage workers. That's obscene.

Elizabeth Warren

Money you know you need or want to spend in the next few years is savings. Money you keep handy for an emergency belongs in savings. Money you hope to use soon for a down payment on a house belongs in savings. And all savings belong in a low-risk bank savings account or money market account.

Suze Orman

Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. That's why most people lose money as individual investors or traders because they're not focusing on losing money. They need to focus on the money that they have at risk and how much capital is at risk in any single investment they have. If everyone spent 90 percent of their time on that, not 90 percent of the time on pie-in-the-sky ideas on how much money they're going to make, then they will be incredibly successful investors.

Paul Tudor Jones

Good money management alone isn't going to increase your edge at all. If your system isn't any good, you're still going to lose money, no matter how effective your money management rules are. But if you have an approach that makes money, then money management can make the difference between success and failure.

Monroe Trout

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 situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.

Paul Tudor Jones

Keep in mind that you don't need to be addicted to money in order to acquire it. You can prefer to have money; you will then be able to enjoy whatever money you receive, but your happiness will not be contingent on the size of your bank account.

Ken Keyes Jr.

We are seeing more managed money and, to an extent, institutional money entering the space. Anecdotally speaking, I know of many people who are working at hedge funds or other investment managers who are trading cryptocurrency personally, the question is, when do people start doing it with their firms and funds?

Olaf Carlson-Wee

The least punk thing I ever did was open a money market account. Blue chip stocks. Mutual funds. They're a very safe and dependable way to grow your money long-term.

Benji Madden

The left-wing Democrats will represent the party of total hedonism, total exhibitionism, total bizarreness, total weirdness, and the total right to cripple innocent people in the name of letting hooligans loose.

Newt Gingrich

Spending on oneself does not boost wellbeing. However, spending money on others does -- and it appears to be as important to people's happiness as the total amount of money they make.

Tom Rath

I made a list of people who needed just a little bit of money. And when the list was complete, there were 42 names. The total amount of money they needed was $27. I was shocked.

Muhammad Yunus

Contrary to what most people think, bank money is much more important than state money. In Greece, for example, bank money makes up 84.26% of the total money supply.

Steve Hanke

Never risk more than 1% of total account equity on any one trade. By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely critical.