Betting Quote by Ed Seykota

“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 when to break the rules.” quote by Ed Seykota — Download Open image

“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 when to break the rules.”

Ed Seykota

★ ★ ★ ★ ★ 3.3 out of 5 (4 ratings)

Betting Break Break The Rules Breaking rules Cutting Death Inspirational Knows Life philosophy Live by Loss Trade Trading Winner

More by Ed Seykota

The idea of searching for some secret for trading success misses the point.

Ed Seykota

Image

Longevity is the key to success,

Ed Seykota

Image

Risk no more that you can afford to lose, and also risk enough so that a win is meaningful.

Ed Seykota

Image

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

Image

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

Image

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

Image

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

Image

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

Image

Trend following is an exercise in observing and responding to the ever-present moment of now

Ed Seykota

Image

If you can't take a small loss, sooner or later you will take the mother of all losses.

Ed Seykota

Image

Everybody gets what they want out of the market

Ed Seykota

Image

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

Image

Explore all 44 Ed Seykota quotes

More Betting quotes

Once the war began, the government could do anything 'necessary' to win it; so it was with the 'final solution of the Jewish problem,' which the Nazis always talked about but never dared undertake, not even the Nazis, until war and its 'necessities' gave them the knowledge that they could get away with it. The people abroad who thought that…

Milton Mayer

In most betting shops you will see three windows marked 'Bet Here', but only one window with the legend 'Pay Out'.

Jeffrey Bernard

Image

Betting on football had been banned and, if anything, things got worse. I'd bet on horses instead. I knew absolutely nothing about horses.

Kyle Lafferty

Image

“Winning is never about luck alone — it's about timing, patience, and trusting the game.”

PKBook99

Image

Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

George Soros

Image

Can you make fancy patterns of water that actually have some computation power? I'm betting that fluids are complex enough to do this.

Terence Tao

Image

I hope that my 'Jeopardy' run helps destigmatize sports betting because I have certainly dealt with some stigmas.

James Holzhauer

Image

The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact…

James Surowiecki

Image

If you're betting all the time, everything is just another bet. You don't even think about the money after you've made the arrangements. You're…

Bobby Riggs

Image

When I'm introspective about the last few years I think the biggest mistake that we made, as a company, is betting too much on HTML5 as opposed to native... because it just wasn't there. And it's not that HTML5 is bad. I'm actually, on long-term, really excited about it. One of the things that's interesting is we actually have more…

Mark Zuckerberg