Ed SeykotaDramatic 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 emotio… ▶375HopeLifeReading
Ed SeykotaPsychology motivates the quality of analysis and puts it to use. Psychology is the driver and analysis is the road map.322Humor
Ed SeykotaIt’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 system377Hope
Ed SeykotaI 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 t… ▶344HumanityReadingThought
Ed SeykotaThe key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.358Life
Ed SeykotaIf you can't measure it, you probably can't manage it Things you measure tend to improve.336Time
Ed SeykotaIf 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… ▶338Reading
Ed SeykotaRisk no more that you can afford to lose, and also risk enough so that a win is meaningful.309Philosophy
Ed SeykotaLosing a position is aggravating, whereas losing your nerve is devastating.232Reflection
Ed SeykotaThe 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.244Time
Ed SeykotaIf you can't take a small loss, sooner or later you will take the mother of all losses.223Time
Ed SeykotaFundamentals that you read about are typically useless as the market has already discounted the price, and I call them “funny-mentals”. However, if you catch on early, before othe… ▶212HumorReading
Ed SeykotaThe 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 su… ▶2810Thought
Ed SeykotaCharting 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… ▶181Time
Ed SeykotaMarkets 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.215Life
Ed SeykotaPyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top. ✨ Trend Following: Learn to Make Millions in Up… ▶182Reading
Ed SeykotaTo avoid whipsaw losses, stop trading. ✨ Trend Following: How Great Traders Make Millions in Up or Down Markets. Book by Michael Covel, 2007.2610Reading
Ed SeykotaEverybody gets what they want out of the market. ✨ Market Wizards: Interviews With Top Traders. Book by Jack D. Schwager, 1989.2510Reading
Ed SeykotaTraders 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 o… ▶205Humor
Ed SeykotaThe markets are the same now as they were five or ten years ago because they keep changing-just like they did then2510Humanity
Ed SeykotaMy style is basically trend following, with some special pattern recognition and money management algorithms.218Thought
Ed SeykotaThe trend is your friend except at the end where it bends. ✨ Technical Analysis. Book by Jack D. Schwager, 1995.185Reading
Ed SeykotaWin or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money. ✨ Market Wizards: Interviews with Top Traders. B… ▶2210HumanityReading
Ed SeykotaThe 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.219Life
Ed SeykotaThere are old traders and there are bold traders, but there are very few old, bold traders.197Thought
Ed SeykotaLuck 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.176Humanity
Ed SeykotaIt can be very expensive to try to convince the markets you are right. ✨ Trend Following: Learn to Make Millions in Up or Down Markets. Book by Michael Covel, 2009.2010Reading
Ed SeykotaIt 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 s… ▶199Truth
Ed SeykotaA losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That's the kind of thing winning traders do. <… ▶188Reading
Ed SeykotaIn 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.189Reading
