“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.” KnowsInspirationalLossBreakCuttingLife PhilosophyTradeWinnerLive ByTradingBettingBreaking Rules 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
“Charting is a little like surfing. You dont have to know a lot about the physics of tides, resonance, and fluid dynamics in order to catch a good wave. You just have to be able to sense when its happening and then have the drive to act at the right time.” KnowsLittlesAbleOrderHappeningsWavePhysicsTidesRight TimeSurfingFluidDynamicsResonanceCharting Author:Ed Seykota
