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Quote by Bruce Kovner

“Whenever 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 determined by the stop, and the stop is determined on a technical basis... I never think about [stop vulnerability], because the point about a technical barrier - and I've studied the technical aspects of the market for a long time - is that the market shouldn't go there if you are right.”

Quote by Bruce Kovner

Author

Bruce Kovner (born February 27, 1945) is a renowned American hedge fund manager and philanthropist. He founded Caxton Associates, one of the most successful macro hedge funds globally. Known for his exceptional trading skills in currency and bond markets, Kovner is considered one of the most influential figures in the modern hedge fund industry. His investment strategies and risk management approaches have been widely studied and emulated by subsequent generations of traders. more

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