39 Quotes by Ed Seykota

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

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 measure it, you probably can’t manage it Things you measure tend to improve.

If you can’t take a small loss, sooner or later you will take the mother of all losses.

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.

Risk no more that you can afford to lose, and also risk enough so that a win is meaningful.

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.

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.

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 in, it’ll never happen. The market is always right.