Ed Seykota Quotes
Top 29 wise famous quotes and sayings by Ed Seykota
Ed Seykota Famous Quotes & Sayings
Discover top inspirational quotes from Ed Seykota on Wise Famous Quotes.
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.
The markets are the same now as they were five or ten years ago because they keep changing-just like they did then
My style is basically trend following, with some special pattern recognition and money management algorithms.
Working to anticipate the future can be a distraction from the important task of dealing with the present.
I would add that I consider myself and how I do things as a kind of system which, by definition, I always follow.
Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.
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.
Trying to trade during a losing streak is emotionally devastating. Trying to play 'catch up' is lethal.
Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top.
The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.
Psychology motivates the quality of analysis and puts it to use. Psychology is the driver and analysis is the road map.
Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible.