“Place 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 lose”
Quote by Bruce Kovner
Author
Bruce Kovner
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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