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Frankly, I don't see markets I see risks, rewards, and money.
Larry Hite
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Larry Hite
Age: 68
Born: 1956
Born: January 1
Financier
Foreign Currency Trader
Manager
Frankly
Markets
Risks
Rewards
Risk
Money
More quotes by Larry Hite
It is incredible how rich you can get by not being perfect
Larry Hite
If you diversify, control your risk, and go with the trend, it just has to work.
Larry Hite
Never risk more than 1% of total account equity on any one trade. By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely critical.
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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.
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We approach markets backwards. The first thing we ask is not what can we make, but how much can we lose. We play a defensive game.
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Throughout my trading career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.
Larry Hite