Ed Seykota Quotes - Page 2

Quotes about:

• Fortune tellers live in the future. So do people who want to put things off.
  So do fundamentalists.

  Ed Seykota

  People, Want, Fortune

  17 Copy quote

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

  Ed Seykota

  Years, Years Ago, Five

  38 Copy quote

• Be sensitive to subtle differences between 'intuition' and 'into wishing'.

  Ed Seykota

  Differences, Intuition, Wish

  12 Copy quote

• Markets are fundamentally volatile. No way around it. Your problem is not in the math. There is no math to get you out of having to experience uncertainty.

  Ed Seykota

  Math, Way, Problem

  18 Copy quote

• A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That's the kind of thing winning traders do.

  Ed Seykota

  Winning, Want, Littles

  "Market Wizards: Interviews with Top Traders". Book by Jack D. Schwager, 1989.

  7 Copy quote

• To avoid whipsaw losses, stop trading.

  Ed Seykota

  Loss, Trading

  "Trend Following: How Great Traders Make Millions in Up or Down Markets". Book by Michael Covel, 2007.

  14 Copy quote

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

  Ed Seykota

  Traders

  15 Copy quote

• Everybody gets what they want out of the market.

  Ed Seykota

  Want, Traders

  "Market Wizards: Interviews With Top Traders". Book by Jack D. Schwager, 1989.

  10 Copy quote

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

  Ed Seykota

  Turns, Instant, Bullish

  9 Copy quote

• I think that if people look deeply enough into their trading patterns, they find that, on balance, including all their goals, they are really getting what they want, even though they may not understand it or want to admit it.

  Ed Seykota

  Thinking, People, Goal

  "Market Wizards: Interviews with Top Traders". Book by Jack D. Schwager, 1989.

  16 Copy quote

• Good traders trade. Good letter writers write letters.

  Ed Seykota

  Writing, Letters, Traders

  9 Copy quote

• The biggest secret about success is that there isn't any big secret about it, or if there is, then it's a secret from me, too. The idea of searching for some secret for trading success misses the point.

  Ed Seykota

  Ideas, Missing, Secret

  16 Copy quote

• It is a happy circumstance that when nature gives us true burning desires, she also gives us the means to satisfy them. Those who want to win and lack skill can get someone with skill to help them.

  Ed Seykota

  Mean, Winning, Skills

  9 Copy quote

• Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible.

  Ed Seykota

  Needs, Traders, Tricks

  "Market Wizards". Book by Jack D. Schwager, 1989.

  9 Copy quote

• The idea of searching for some secret for trading success misses the point.

  Ed Seykota

  Ideas, Missing, Secret

  8 Copy quote

• Luck plays an enormous role in trading success. Some people were lucky enough to be born smart, while others were even smarter and got born lucky.

  Ed Seykota

  Smart, Play, People

  9 Copy quote

• Psychology motivates the quality of analysis and puts it to use. Psychology is the driver and analysis is the road map.

  Ed Seykota

  Psychology, Quality, Analysis

  9 Copy quote

• I would add that I consider myself and how I do things as a kind of system which, by definition, I always follow.

  Ed Seykota

  Add, Definitions, Kind

  4 Copy quote

• 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

  Believe, Fundamentals, Useless

  8 Copy quote

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