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Quote by Ed Seykota

“Risk no more that you can afford to lose, and also risk enough so that a win is meaningful.”

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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“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.”

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“In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3)picking a good spot to buy or sell.”

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“The markets are the same now as they were five or ten years ago because they keep changing-just like they did then”

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“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.”

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“The trend is your friend except at the end where it bends.”

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“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.”

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“Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible.”

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“To avoid whipsaw losses, stop trading.”

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

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