Ed Seykota Quotes

37 quotes in 467 categories

• 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 catch…
• If you can't measure it, you probably can't manage it Things you measure tend to improve.
• The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.
• There are old traders and there are bold traders, but there are very few old, bold traders.
• Losing a position is aggravating, whereas losing your nerve is devastating.
• 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…
• A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That's…
• Luck plays an enormous role in trading success. Some people were lucky enough to be born smart, while others were even smarter and got born…
• If you can't take a small loss, sooner or later you will take the mother of all losses.
• It is a happy circumstance that when nature gives us true burning desires, she also gives us the means to satisfy them. Those who want…
• Risk no more that you can afford to lose, and also risk enough so that a win is meaningful.
• Be sensitive to subtle differences between 'intuition' and 'into wishing'.
• Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred…
• In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3)picking a good spot to buy or…
• The markets are the same now as they were five or ten years ago because they keep changing-just like they did then
• The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know…
• The trend is your friend except at the end where it bends
• If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves,…
• Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible.
• To avoid whipsaw losses, stop trading.

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