Bruce KovnerIn a bear market, you have to use sharp countertrend rallies to sell.373Humanity
Bruce KovnerMy 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.… ▶374LifeReadingTime
Bruce KovnerFundamentalists 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. ✨ Market Wizards: In… ▶356Reading
Bruce KovnerIf you don't work very hard, it is extremely unlikely that you will be a good trader.305Love
Bruce KovnerWhenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I'm getting out before I get in. The position size on a trade is determine… ▶294DeathReadingThought
Bruce KovnerPlace 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… ▶328Humor
Bruce KovnerThe Heisenberg principle - If something is closely observed, the odds are it is going to be altered in the process. The more a price pattern is observed by speculators the more pr… ▶264Hope
Bruce KovnerNovice 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.277Time
Bruce KovnerRisk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you think your position ought to be, c… ▶228Thought
Bruce KovnerMichael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about ma… ▶1710Death
Bruce KovnerMichael [Marcus] taught me one thing that was incredibly important... He taught me that you could make a million dollars. He showed me that if you applied yourself, great things c… ▶148Reading
