Changed Quote by Ed Seykota
“Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible.”
About This Quote
Source Book: Market Wizards by Jack D. Schwager, 1989
A trader succeeds by using a method that fits his personality, not by forcing a generic system.
In simple terms: Use a system that matches you.
Choose or design a system that suits your style.
Themes
Mood
Type
When to use this quote
- stock trading
- forex
- algorithmic
- day trading
- risk management
Key Concepts
Questions to Reflect On
- What aspects of your personality influence your trading decisions?
- How can you test if a system truly fits you?
A system may still fail if market conditions shift dramatically.