"The elements of good trading are: 1, cutting……" — Ed Seykota
"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 have a chance."
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Ed Seykota
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37 Quotes by Ed Seykota
Ed Seykota has 37 quotes on this site.
A few more worth reading:
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Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them…
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If you can't measure it, you probably can't manage it Things you measure tend to improve.
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The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the…
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There are old traders and there are bold traders, but there are very few old, bold traders.
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Losing a position is aggravating, whereas losing your nerve is devastating.
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A losing trader can do little to transform himself into a winning trader. A losing trader is not going to…
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Luck plays an enormous role in trading success. Some people were lucky enough to be born smart, while others were…
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If you can't take a small loss, sooner or later you will take the mother of all losses.
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It is a happy circumstance that when nature gives us true burning desires, she also gives us the means to…
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Risk no more that you can afford to lose, and also risk enough so that a win is meaningful.
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Be sensitive to subtle differences between 'intuition' and 'into wishing'.
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Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and…
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More Chance Quotes
This quote is filed under Chance Quotes,
one of 6,711 quotes in that category. Here are a few more:
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All human actions have one or more of these seven causes: chance, nature, compulsions, habit, reason, passion, desire.
— Aristotle
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Happiness in marriage is entirely a matter of chance.
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Chance is an element of life. What I try to do is study what I call the mechanics of reality…
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The world is so unpredictable. Things happen suddenly, unexpectedly. We want to feel we are in control of our own…
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First, I have to thank God for giving me the gift that he did as well as a second chance…
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Learning is not attained by chance, it must be sought for with ardor and diligence.
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In my mind's eye, I visualize how a particular... sight and feeling will appear on a print. If it excites…
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Chance, my dear, is the sovereign deity in child-bearing.
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You must try to generate happiness within yourself. If you aren't happy in one place, chances are you won't be…
— Ernie Banks
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