Share
×
Inspirational Quotes
Authors
Professions
Topics
Tags
Quote
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.
Ed Seykota
Share
Change background
T
T
T
Change font
Original
TAGS & TOPICS
Ed Seykota
Age: 78
Born: 1946
Born: August 7
Scientist
Trader
Edward Arthur Seykota
Involved
Dramatic
Shortly
Position
Greed
Bananas
Hope
Experiences
Slip
Fear
Biggest
Trading
Great
Tend
Occurred
Negative
Positions
Pride
Slips
Peel
Emotional
Emotionally
Banana
More quotes by 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.
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.
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.
Ed Seykota
Charting is a little like surfing. You dont have to know a lot about the physics of tides, resonance, and fluid dynamics in order to catch a good wave. You just have to be able to sense when its happening and then have the drive to act at the right time.
Ed Seykota
It is a happy circumstance that when nature gives us true burning desires, she also gives us the means to satisfy them. Those who want to win and lack skill can get someone with skill to help them.
Ed Seykota
The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.
Ed Seykota
Trying to trade during a losing streak is emotionally devastating. Trying to play 'catch up' is lethal.
Ed Seykota
I would add that I consider myself and how I do things as a kind of system which, by definition, I always follow.
Ed Seykota
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.
Ed Seykota
The trend is your friend except at the end where it bends.
Ed Seykota
Risk no more that you can afford to lose, and also risk enough so that a win is meaningful.
Ed Seykota
Trend following is an exercise in observing and responding to the ever-present moment of now
Ed Seykota
Good traders trade. Good letter writers write letters.
Ed Seykota
I turn bullish at the instant my buy stop is hit, and stay bullish until my sell stop is hit.
Ed Seykota
If you can't take a small loss, sooner or later you will take the mother of all losses.
Ed Seykota
If you can't measure it, you probably can't manage it Things you measure tend to improve.
Ed Seykota
To avoid whipsaw losses, stop trading.
Ed Seykota
Longevity is the key to success.
Ed Seykota
Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top.
Ed Seykota
Working to anticipate the future can be a distraction from the important task of dealing with the present.
Ed Seykota