Ed Seykota Quotes Page 2
Best 40 Quotes by Ed Seykota – Page 2 of 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.”
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“Now, I know what you’re thinkin’. How the heck does a 52-year-old, over-the-hill milkshake machine salesman build a fast food empire with 16,000 restaurants, in 50 states, in 5 foreign countries with an annual revenue of in the neighborhood of $700,000,000.00. One word... persistence.
Nothing in this world can take the place of good old persistence. Talent won’t. Nothing’s more common than unsuccessful men with talent. Genius won’t. Unrecognized genius is practically a cliché. Education won’t. Why the world is full of educated fools. Persistence and determination alone are all powerful.”
