Bruce Kovner Quotes

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.

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