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Quote by Ed Seykota

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

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

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“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.”

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“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.”

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“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”

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

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“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.”

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

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