Ed Seykota Quotes Page 2

“The positive intention of fear is risk control.”

“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 trend is your friend except at the end where it bends.”

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

“To avoid whipsaw losses, stop trading.”

“Trading requires skill at reading the markets and at managing your own anxieties.”

“Trend following is an exercise in observing and responding to the ever-present moment of now.”

“Trends become more apparent as you step further away from the chart.”

“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.”

“Working to anticipate the future can be a distraction from the important task of dealing with the present.”