Risk Control

Riskkontroll- "Exiting a losing trade quickly clears your head and restores your objectivity."

My basic advise is don’t lose money.

Jim Rogers

I’m more concerned about controlling the downside. Learn to take the losses. The most important thing about making money is not to let your losses get out of hand.

Martin Schwartz

I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have.

Paul Tudor Jones

Rule number one of investing is never lose money. Rule number two is never forget rule number 1.

Warren Buffet

If you have an approach that makes money, then money management can make the difference between success and failure… … I try to be conservative in my risk management. I want to make sure I’ll be around to play tomorrow. Risk control is essential.

Monroe Trout

If you personalize losses, you can’t trade.

Bruce Kovner

The best traders have no ego. You have to swallow your pride and get out of the losses.

Tom Baldwin

The elements of good trading are: 1. Cutting losses, 2. Cutting losses, and 3. Cutting losses. If you can follow these three rules, you may have a chance.

Ed Seykota

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.

Larry Hite

The best advice I can give to the ordinary guy trying to become a better trader is Learn to take losses. The most important thing in making money is not letting your losses get out of hand.

Marty Schwartz

Never risk more than 1% of your total equity in any one trade. By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely critical.

Larry Hite

One of the great tools of trading is the stop, the point at which you divorce yourself from your emotions and ego and admit that you´re wrong.

Martin Schwartz

Exiting a losing trade quickly clears your head and restores your objectivity.

Martin Schwartz

We are in the business of making mistakes. The only difference between the winners and the losers is that winners make small mistakes, while losers make big mistakes.

Ned Davis

By preserving your capital through the use of stops, you make it possible to wait patiently for a high-probability trade with a low-risk entry-point.

Martin Schwartz

Yes, risk-taking is inherently failure-prone. Otherwise, it would be called sure-thing taking.

Tim McMahon

Investors have very short memories.

Roman Abramovich