10 Best Ed Seykota Quotes

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10 Best Ed Seykota Quotes

1 “If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota

2 “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.” – Ed Seykota

3 “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

4 “Having a quote machine is like having a slot machine at your desk – you end up feeding it all day long. I get my price data after the close each day.” – Ed Seykota

5 “It can be very expensive to try to convince the markets you are right.” – Ed Seykota

6 “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

7 “Trading requires skill at reading the markets and at managing your own anxieties.” – Ed Seykota

8 “To avoid whipsaw losses, stop trading.” – Ed Seykota

9 “Trying to trade during a losing streak is emotionally devastating. Trying to play “catch up” is lethal.” – Ed Seykota

10 “A trading system is an agreement you make between yourself and the markets.” – Ed Seykota

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