--- title: "Best Ed Seykota Quotes" description: "Edward Arthur Seykota is a commodities trader, who earned B.S. degrees in Electrical Engineering from MIT and Management from the MIT Sloan School of Ma..." image: "https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b108/author-ed-seykota-15107.jpg" --- ![Portrait of Ed Seykota](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b108/author-ed-seykota-15107.jpg) # Ed Seykota (1946) Trader **44** quotes in **206** categories Rate this collection: ★ ★ ★ ★ ★ No ratings yet Ed Seykota is a trader. ## Quick Facts About Ed Seykota Born August 7, 1946 Profession Trader ## About Ed Seykota Edward Arthur Seykota is a commodities trader, who earned B.S. degrees in Electrical Engineering from MIT and Management from the MIT Sloan School of Management, both in 1969. In 1970, Seykota pioneered systems trading by using early punched card computers to test market trading ideas. Seykota resided in Incline Village, Nevada, on the north shore of Lake Tahoe, but moved to Texas. ## Quotes by Ed Seykota · Page 2 > [The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without…](https://sms4smile.com/quotes/ed-seykota/the-trading-rules-i-live-by-are-1-cut-losses-2-ride-winners-3-keep/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) [Bets](https://sms4smile.com/quotes/about/bets/) [Image](https://sms4smile.com/quotes/i/ed1/ed-seykota-15107_bets_the-trading-rules-i-live-by-are-1-cut-lo_225517.png) > [Markets are fundamentally volatile. No way around it. Your problem is not in the math. There is no math to get you…](https://sms4smile.com/quotes/ed-seykota/markets-are-fundamentally-volatile-no-way-around-it-your-problem-is/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) [Customer](https://sms4smile.com/quotes/about/customer/) [Image](https://sms4smile.com/quotes/i/e55/ed-seykota-15107_customer_markets-are-fundamentally-volatile-no-wa_200238.png) > [Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them “funny-mentals”. However,…](https://sms4smile.com/quotes/ed-seykota/fundamentals-that-you-read-about-are-typically-useless-as-the-market/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) [Believe](https://sms4smile.com/quotes/about/believe/) [Image](https://sms4smile.com/quotes/i/13a/ed-seykota-15107_believe_fundamentals-that-you-read-about-are-typ_567518.png) > [Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My…](https://sms4smile.com/quotes/ed-seykota/dramatic-and-emotional-trading-experiences-tend-to-be-negative-pride/) [Ed Seykota](https://sms4smile.com/quotes/author/ed-seykota/) [Bananas](https://sms4smile.com/quotes/about/bananas/) [Image](https://sms4smile.com/quotes/i/f51/ed-seykota-15107_bananas_dramatic-and-emotional-trading-experienc_977085.png) ## Ed Seykota by topic [Inspirational (12)](https://sms4smile.com/quotes/about/inspirational/ed-seykota/) [Customer (10)](https://sms4smile.com/quotes/about/customer/ed-seykota/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/author/ed-seykota/#itemlist", "name": "Ed Seykota Quotes", "numberOfItems": 4, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. 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