Ed Seykota Quotes
born 1946 United States
Ed Seykota (born 7 August 1946) is a U.S. investor.
- United States
- Businesspeople
Random Ed Seykota quote
13 quotes
When a feeling dissolves, it ceases to be your enemy and begins to be one of your allies.
The elements of good trading are cutting losses, cutting losses, and cutting losses.
The markets are the same now as they were five or ten years ago because they keep changing-just like they did then.
The trend is your friend except at the end where it bends.
Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.
Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible.
It can be very expensive to try to convince the markets you are right.
Here's the essence of risk management: Risk no more than you can afford to lose, and also risk enough so that a win is meaningful. If there is no such amount, don't play.
To avoid whipsaw losses, stop trading.
Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top.
Markets are fundamentally volatile. No way around it. Your prolem is not in the math. There is no math to get you out of having to experience uncertainty.
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, some are smaller. But if you try to push the wave out when it's coming in, it'll never happen. The market is always right.
I think that if people look deeply enough into their trading patterns, they find that, on balance, including all their goals, they are really getting what they want, even though they may not understand it or want to admit it.