“The markets are the same now as they were five or ten years ago because they keep changing-just like they did then” Quote by 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
“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
“Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible.” NeedsChangedTricksCompatibleTraders Author:Ed Seykota
“Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top.” WayEyeAmountBillsDollarsAddInstructionDollar Bills Author:Ed Seykota
“It can be very expensive to try to convince the markets you are right.” TryingExpensiveConvince 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
“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.” FeelingsBigsDealsMissingStayingTradersSurferMissing 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.” WayProblemMathUncertainty Author:Ed Seykota