Ed Seykota

"I don't think traders can follow rules for very long unless they reflect their own trading style. Eventually, a breaking point is reached and the trader has to quit or change, or find a new set of rul…"

"The elements of good trading are cutting losses, cutting losses, and cutting losses."

"To avoid whipsaw losses, stop trading."

"If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the wave out when it's coming…"

"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 understan…"

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

"Charles Faulkner tells a story about Seykota's finely honed intuition when it comes to trading: I am reminded of an experience that Ed Seykota shared with a group. He said that when he looks at a mark…"

"When a feeling dissolves, it ceases to be your enemy and begins to be one of your allies."