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Ed Seykota Quotes: To avoid whipsaw losses, stop trading.
         

To avoid whipsaw losses, stop trading.


Ed Seykota
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Other quotes of Ed Seykota


The 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.

The 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.



If you can't take a small loss, sooner or later you will take the mother of all losses.

If you can't take a small loss, sooner or later you will take the mother of all losses.



My style is basically trend following, with some special pattern recognition and money management algorithms.

My style is basically trend following, with some special pattern recognition and money management algorithms.



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.

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.



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.

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.



A lot of people would rather understand the market than make money

A lot of people would rather understand the market than make money



It can be very expensive to try to convince the markets you are right.

It can be very expensive to try to convince the markets you are right.



The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.

The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.



The markets are the same now as they were five or ten years ago because they keep changing-just like they did then

The markets are the same now as they were five or ten years ago because they keep changing-just like they did then



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.

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.





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How we give matters. If your thoughts & goals are selfish, than so be your fief. For it is through the heart that we prosper & through each other that we grow.

How we give matters. If your thoughts & goals are selfish, than so be your fief. For it is through the heart that we prosper & through each other that we grow.




It's hard when you're missing your family, " Pip said, and started the motor. " You wake up every morning like someone took one of your legs.

It's hard when you're missing your family, " Pip said, and started the motor. " You wake up every morning like someone took one of your legs.



He: I have this crazy yearning in my heart, to make you mine.She: Sure, go ahead and make me your bad habit!

He: I have this crazy yearning in my heart, to make you mine.She: Sure, go ahead and make me your bad habit!



I love that time when all you want to do is cocoon with your baby in your own little world, when you carry them around all the time in a little pouch or sling.

I love that time when all you want to do is cocoon with your baby in your own little world, when you carry them around all the time in a little pouch or sling.



The software patent problem is not limited to Mono. Software patents affect everyone writing software today.

The software patent problem is not limited to Mono. Software patents affect everyone writing software today.



If the NSF had never existed, if the government had never funded American mathematics, we would have half as many mathematicians as we now have, and I don't see anything wrong with that.

If the NSF had never existed, if the government had never funded American mathematics, we would have half as many mathematicians as we now have, and I don't see anything wrong with that.



National security is vital for economic and social progress.

National security is vital for economic and social progress.



A true initiation never ends.

A true initiation never ends.



An epithet or metaphor drawn from nature ennobles art; an epithet or metaphor drawn from art degrades nature.

An epithet or metaphor drawn from nature ennobles art; an epithet or metaphor drawn from art degrades nature.




Quote Description


This page presents the quote "To avoid whipsaw losses, stop trading.". Author of this quote is Ed Seykota. This quote is about trading, loss,.