"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

#Risk Quotes #Novices Quotes #Classic Quotes

“Fear is for the enemy. Fear and bullets.”
“The false notion of miracles comes of our vanity, which makes us believe we are important enough for the Supreme Being to upset nature on our behalf.”
“My dad's not a very intimidating father figure.”
“I used to be a fan of proportional representation, but I am not at all now I have seen it in action.”
“Remember, you are moving toward a lifetime commitment. Whatever is concealed now will eventually be revealed.”
“Between the ages of twenty and fifty, John Doe spends some twenty thousand hours chewing and swallowing food, more than eight hundred days and nights of steady eating. The mere contemplation of this fact is upsetting enough.”
“I don't need a $100 million mistake. Try to make a $5 million mistake if you have to make one.”
“My reason teaches me that land cannot be sold. The Great Spirit gave it to his children to live upon. So long as they occupy and cultivate it, they have a right to the soil. Nothing can be sold but such things as can be carried away”

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