“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 catch on early, before others believe, you might have valuable “surprise-a-mentals”.” IfsBelieveMightFundamentalsSurpriseValuableUseless Author:Ed Seykota
“If you can't measure it, you probably can't manage it Things you measure tend to improve.” IfsManage Author: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.” IfsMayThreeChanceLossCuttingElementsTrading Author:Ed Seykota
“If you can't take a small loss, sooner or later you will take the mother of all losses.” IfsMotherLossSooner Or Later Author:Ed Seykota
“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.” IfsKnowsWantTryingHandsHappensBiggerWaveBeach Author:Ed Seykota
“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.” PeopleIfsThinkingWantLooksMayEnoughGoalBalanceIncludingPatternsTrading Author:Ed Seykota
“It’s all about sticking to your plan and experiencing feelings as they arise. If you are unwilling to feel your feelings, the temptation is to avoid them by jumping off your system” IfsFeelsFeelingsPlansAriseTemptationJumpingUnwillingJumping Off Author:Ed Seykota
“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, too. The idea of searching for some secret for trading success misses the point.” IfsIdeasBigsSecretMissingTradingAbout Success Author:Ed Seykota
