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Key Points

  • Ed Seykota: “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.”

  • Ed Seykota: “To avoid whipsaw losses, stop trading.”

  • Ed Seykota: “Risk no more than you can afford to lose, and also risk enough so that a win is meaningful.”

  • Ed Seykota: “Trend Following is an exercise in observing and responding to the ever-present moment of now.”

  • Ed Seykota: “Fundamentalists and anticipators may have difficulties with risk control since a trade keeps looking ’better’ the more it goes against them.”

  • Ed Seykota: “Until you master the basic literature and spend some time with successful traders, you might consider confining your trading to the supermarket.”

  • Ed Seykota: “I don’t predict a nonexisting future.”


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