“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
“Luck plays an enormous role in trading success. Some people were lucky enough to be born smart, while others were even smarter and got born lucky.” PeopleEnoughPlayBornRolesLuckySmartLuckEnormousSmarterTrading Author:Ed Seykota
“Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred shortly after I got emotionally involved with positions.” PositionEmotionalPrideInvolvedNegativeGreedDramaticSlipsTradingBananas Author: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.” KnowsInspirationalLossBreakCuttingLife PhilosophyTradeWinnerLive ByTradingBettingBreaking Rules 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
“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
“The idea of searching for some secret for trading success misses the point.” IdeasSecretMissingTrading Author:Ed Seykota
