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 More Quotes by Ed Seykota More Quotes From Ed Seykota Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred shortly after I got emotionally involved with positions. Ed Seykota greed emotional pride There are old traders and there are bold traders, but there are very few old, bold traders. Ed Seykota traders Working to anticipate the future can be a distraction from the important task of dealing with the present. Ed Seykota distraction tasks important Fortune tellers live in the future. So do people who want to put things off. Ed Seykota fortune want people 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 problem math way If you can't measure it, you probably can't manage it Things you measure tend to improve. Ed Seykota manage ifs 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 goal people thinking Good traders trade. Good letter writers write letters. Ed Seykota traders letters writing Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible. Ed Seykota tricks traders needs 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 secret missing ideas Longevity is the key to success. Ed Seykota longevity key-to-success keys To avoid whipsaw losses, stop trading. Ed Seykota trading loss I turn bullish at the instant my buy stop is hit, and stay bullish until my sell stop is hit. Ed Seykota bullish instant turns Be sensitive to subtle differences between 'intuition' and 'into wishing'. Ed Seykota intuition differences wish 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 skills winning mean 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 Everybody gets what they want out of the market. Ed Seykota traders want 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 Losing a position is aggravating, whereas losing your nerve is devastating. Ed Seykota position nerves losing Psychology motivates the quality of analysis and puts it to use. Psychology is the driver and analysis is the road map. Ed Seykota psychology analysis quality
