"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 canâ€™t trade."

--

Source : "Market Wizards: Interviews with Top Traders". Book by Jack D. Schwager, 1989.

Bruce Kovner

#Loss Quotes #Emotional Quotes #Risk Quotes

“Oh I'm sorry - I don't follow football.”
“Yeah, I think we have to. If we want our shows to be - if we want the quality of the shows to be good, and we want the energy to be high, and if we want to be in good enough physical shape to do them, and not exhaust ourselves on the road, and not get stale, we have to pace.”
“It's true about the running water. You can hear anything you want to in it.”
“but for my own part, if a book is well written, I always find it too short.”
“The light is heart-breaking.”
“Women will be no longer made the slaves of, or dependent upon men...They will be equal in education, rights, privileges and personal liberty.”

Source : "The Book of the New Moral World, Vol. 6". Book by Robert Owen, 1836-1844.
“You can always find some expert who will say something hopelessly hopeless about anything.”
“I'm someone who has a singular goal in making films; I want to tell a story. There are certain stories that I want to tell. Hollywood's never really been the ultimate goal for me.”

Source : Source: collider.com

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