Bruce Kovner Quotes

Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he's not going to take a patient's temperature.

If you don't work very hard, it is extremely unlikely that you will be a good trader.

The first rule of trading - there are probably many first rules - is don't get caught in a situation in which you can lose a great deal of money for reasons you don't understand.

Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined primarily by the maximum dollar amount you are willing to lose

If you personalize losses, you can't trade.

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.

In a bear market, you have to use sharp countertrend rallies to sell.

I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally.

In 1983, I set up Caxton Corp. Its been an interesting and happy ride since.