Larry Hite Quotes

I have two basic rules about winning in trading as well as in life: 1. If you don't bet, you can't win. 2. If you lose all your chips, you can't bet.

It is incredible how rich you can get by not being perfect

I don't trade for excitement; I trade to win

Frankly, I don't see markets; I see risks, rewards, and money.

If you diversify, control your risk, and go with the trend, it just has to work.

No matter what information you have, no matter what you are doing, you can be wrong.

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.

I have noticed that everyone who has ever tried to tell me that markets are efficient is poor.

We approach markets backwards. The first thing we ask is not what can we make, but how much can we lose. We play a defensive game.