Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible. — Ed Seykota Copy Share Image
In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3)picking a good spot… — Ed Seykota Copy Share Image
Luck plays an enormous role in trading success. Some people were lucky enough to be born smart, while others were even smarter… — Ed Seykota Copy Share Image
Markets are fundamentally volatile. No way around it. Your problem is not in the math. There is no math to get you… — Ed Seykota Copy Share Image
The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without… — Ed Seykota Copy Share Image
Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My… — Ed Seykota Copy Share Image
Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them “funny-mentals”. However,… — Ed Seykota Copy Share Image
A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to… — Ed Seykota Copy Share Image
The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three… — Ed Seykota Copy Share Image
Risk no more that you can afford to lose, and also risk enough so that a win is meaningful. — Ed Seykota Copy Share
It is a happy circumstance that when nature gives us true burning desires, she also gives us the means to satisfy them. Those who… — Ed Seykota Copy Share
Traders and Surfers both have to deal with feelings of missing out on the small ones, until the big one comes along. They also… — Ed Seykota Copy Share
I think that if people look deeply enough into their trading patterns, they find that, on balance, including all their goals, they are really… — Ed Seykota Copy Share
The biggest secret about success is that there isn't any big secret about it, or if there is, then it's a secret from me,… — Ed Seykota Copy Share
Markets are fundamentally volatile. No way around it. Your problem is not in the math. There is no math to get you out of… — Ed Seykota Copy Share
The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5.… — Ed Seykota Copy Share
Trend following is an exercise in observing and responding to the ever-present moment of now — Ed Seykota Copy Share
If you can't take a small loss, sooner or later you will take the mother of all losses. — Ed Seykota Copy Share
Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them “funny-mentals”. However, if you… — Ed Seykota Copy Share
Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible. — Ed Seykota Copy Share
