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Quote by Diane Duane

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Diane Duane
Diane Duane

Diane Duane is an American author known for her science fiction and fantasy works. Born on May 18, 1952, she has published numerous series and topics since her first work in 1979, including the 'Holographic Universe' series and the 'Dungeons & Dragons' series. more

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“My 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. The emotional burden of trading is substantial; on any given day, I could lose millions of dollars. If you personalize these losses, you can’t trade.”

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Author:Bruce Kovner
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“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.”

PeopleIfsThinkingKnowsWayMayI CanSleepPositionBasesTradeSizeDeterminedPredetermined
Author:Bruce Kovner
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