Undertrade, undertrade, undertrade

In his Market Wizards interview, Bruce Kovner gave his infamous advice on how to be a better trader: “Undertrade, undertrade, undertrade”. I love this quote so much that I have it taped to my computer monitor. I interpret it to mean dialing down the freuqnency of your trading and the bet size. Instead of trying to get rich quick, just relax, trade smaller size and focus on making better risk/reward decisions. You will get the consistency that you seek.

source: smbtraining.com

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