Ed Seykota Quotes

Enjoy the top 41 famous quotes, sayings and quotations by Ed Seykota.

Ed Seykota Quotes

A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. Thats the kind of thing winning traders do.
— Ed Seykota —

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.

— 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.

— Ed Seykota

Risk no more that you can afford to lose, and also risk enough so that a win is meaningful.

— Ed Seykota

To avoid whipsaw losses, stop trading.

— Ed Seykota

Losing a position is aggravating, whereas losing your nerve is devastating.

— Ed Seykota

Trying to trade during a losing streak is emotionally devastating. Trying to play 'catch up' is lethal.

— 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.

— Ed Seykota

I turn bullish at the instant my buy stop is hit, and stay bullish until my sell stop is hit.

— Ed Seykota

Fundamentals 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 others believe, you might have valuable "surprise-a-mentals".

— Ed Seykota

There are old traders and there are bold traders, but there are very few old, bold traders.

— Ed Seykota

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