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

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


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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Everything is fair in love and art.

Everything is fair in love and art.



Follow your passion, be prepared to work hard and sacrifice, and, above all, don't let anyone limit your dreams

Follow your passion, be prepared to work hard and sacrifice, and, above all, don't let anyone limit your dreams



What's more important than recycling? Producing something to recycle.

What's more important than recycling? Producing something to recycle.



A man is simple when his chief care is the wish to be what he ought to be, that is honestly and naturally human.

A man is simple when his chief care is the wish to be what he ought to be, that is honestly and naturally human.



I just choose the scripts I want to work on. I don't know why. It's not something conscious or that I'm doing on purpose.

I just choose the scripts I want to work on. I don't know why. It's not something conscious or that I'm doing on purpose.



People often ask me questions that I cannot very well answer in words, and it makes me sad to think they are unable to hear the voice of my silence.

People often ask me questions that I cannot very well answer in words, and it makes me sad to think they are unable to hear the voice of my silence.



I make the majority of my money from Patron, but my passion is with Paul Mitchell: I spend 85 per cent of my time on it.

I make the majority of my money from Patron, but my passion is with Paul Mitchell: I spend 85 per cent of my time on it.



Seeing the world is a prerequisite to understanding one’s place in it.

Seeing the world is a prerequisite to understanding one’s place in it.



No two wars are identical.

No two wars are identical.



...you have to understand that motherhood has to be your priority. It's important work.

...you have to understand that motherhood has to be your priority. It's important work.




Quote Description


This page presents the quote "Trying to trade during a losing streak is emotionally devastating. Trying to play 'catch up' is lethal.". Author of this quote is Ed Seykota. This quote is about trade, trying, play, losing,.