Home / Quotes / Quote by Ed Seykota

Quote by Ed Seykota

“To avoid whipsaw losses, stop trading.”

Quote by Ed Seykota

Author

Ed Seykota, born on August 7, 1946, is a renowned trader with extensive experience in the futures trading field. He is one of the pioneers of trend-following trading strategies. more

You May Also Like

“Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top.”

Way Eye Amount Bills Dollars Add Instruction Dollar Bills

Author:Ed Seykota

“It can be very expensive to try to convince the markets you are right.”

Trying Expensive Convince

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.”

People Ifs Thinking Want Looks May Enough Goal Balance Including Patterns Trading

Author:Ed Seykota

“Traders and Surfers both have to deal with feelings of missing out on the small ones, until the big one comes along. They also have to deal with feelings of staying with the big one.”

Feelings Bigs Deals Missing Staying Traders Surfer Missing Out

Author:Ed Seykota

“Markets are fundamentally volatile. No way around it. Your problem is not in the math. There is no math to get you out of having to experience uncertainty.”

Way Problem Math Uncertainty

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”

Ifs Feels Feelings Plans Arise Temptation Jumping Unwilling Jumping Off

Author:Ed Seykota

“My style is basically trend following, with some special pattern recognition and money management algorithms.”

Special Style Management Patterns Following Recognition Trends Money Management Algorithms

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.”

Ifs Ideas Bigs Secret Missing Trading About Success

Author:Ed Seykota

“Psychology motivates the quality of analysis and puts it to use. Psychology is the driver and analysis is the road map.”

Use Quality Psychology Analysis Maps Drivers Road Maps

Author:Ed Seykota

“Everybody gets what they want out of the market.”

Author:Ed Seykota