Larry Hite Quotes

Manager

Larry Hite, born in 1956, is an accomplished manager with over three decades of experience. He is known for his expertise in team building and strategic planning, and is renowned for his exceptional leadership skills and attention to detail.

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All Ifs Risk Loses Matter Trade Trading Winning Firsts People Two

Famous 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.”

Ifs Wells Two Winning Loses Trading Chips Can't Win

Author:Larry Hite

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

Winning Trade Excitement

Author:Larry Hite

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

Risk Rewards

Author:Larry Hite

“Throughout my trading career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.”

People Ifs Looks Hard Known Careers Risk Example Ruined Trading Risk It

Author:Larry Hite

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

Ifs Risk Trends

Author:Larry Hite

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

Perfect Rich Incredibles Not Being Perfect

Author:Larry Hite

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

Matter Information No Matter What Doing You

Author:Larry Hite

“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.”

Firsts Play Asks Games Loses Approach Backwards

Author:Larry Hite

“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.”

Individual Risk Accounts Trade Constant Critical Indifferent Equity

Author:Larry Hite

“When a market makes a historic high, it is telling you something. No matter how many people tell you why the market shouldn't be that high, or why nothing has changed, the mere fact that the price is at a new high tells you something has changed.”

People Matter Facts Changed Mere Historic Things Have Changed

Author:Larry Hite

“We diversify in two ways. First, we probably trade more markets worldwide than any other money manager. Second, we don't just use a single best system. To provide balance, we use lots of different systems ranging from short to long term. Some of these systems may not be that good by themselves, but we really don't care; that is not what they are there for.”

Way Firsts May Long Two Different Use Care Term Balance Trade Don't Care Managers Long Term Two Ways

Author:Larry Hite

“There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will be running against you. You can also lose a good bet no matter how sound the underlying proposition, but if you keep placing good bets, over time, the law of averages will be working for you.”

Ifs Kind Matter Running Success Law Winning Sound Loses Psychology Four Dangerous Losing Average Outcomes Odds Propositions Trading Betting Law Of Averages

Author:Larry Hite

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

Poor Business Finance Efficient

Author:Larry Hite

About the Author

Born: 1956
Known for: Manager
Quotes: 13

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