Reblog: The Eightfold Path of the Legendary Trader – Hacker Noon


Like many traders, I read Market Wizards as a kid. If you don’t know it, it’s a collection of interviews with the most legendary traders of the 1980s.

Back when I first read it, I really had no idea what the hell I was doing. I read it, thought I got it and moved on.

But I didn’t get it.

The reason was simple. I didn’t have the life experience and wisdom to understand it. That would take many, many more years.

A few months ago I picked up my old, dog eared and highlighted copy and started thumbing through it. I expected to snag a few quotes and move on but pretty soon I found myself hooked, reading it cover to cover all over again.

Two things struck me immediately.

  • First, I’d highlighted all the wrong things.
  • Second, I saw instantly how much these men were alike.

No matter where they came from or how they got started, they all remembered one devastating loss early in their career. They all started with little to no idea what they were doing. All of them transcended false beliefs and developed an amazing ability to adapt and change their minds in a flash.

Their styles, politics and temperament all varied widely but the rest of their lives followed a remarkably similar path.

That’s when I realized I was seeing something bigger, a meta-pattern, a pattern of patterns.

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stockarchitect March 18, 2019

Bruce Kovner / Daniel Jeffries / Ed Seykota / hackernoon.com / Jesse Livermore / Michael Marcus / Paul Tudor Jones /

Reblog: Trading Tips by Ed Seykota


If you are a trend follower then  you must have heard of Ed Seykota. Ed Seykota was first featured in the book “Market Wizards” and has one of the best track record of all time. In one of the accounts he managed, he had a return of 250,000% over a 16 year period. Comparable to the likes of Warren Buffet, George Soros and William J. O’Neil.

Ed Seykota has an Electrical Engineering degree from MIT and is a systematic trader. His trading is largely confined to the few minutes it takes to run his computer program which generates signals for the next day. I’m sure most traders would like a system that does that.

With such an amazing trader around, it makes sense to pay attention whenever he talks. So here are the 39 best things said from the man him self, Ed Seykota.

Quotes by Ed Seykota

Technical analysis

1. In order of importance to me are: (1) the long-term trend, (2) the current chart pattern, and (3) picking a good spot to buy or sell. Those are the three primary components of my trading. Way down in very distant fourth place are my fundamental ideas and, quite likely, on balance, they have cost me money.

2. If I were buying, my point would be above the market. I try to identify a point at which I expect the market momentum to be strong in the direction of the trade, so as to reduce my probable risk.

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stockarchitect February 11, 2019

Brahmesh / Ed Seykota / Quotes / trader / Trader Characteristics / Trading / Trading Education /

Reblog: 10 Things You Can Learn From The World’s Best Traders


Today’s lesson is a virtual treasure trove of wisdom and insight from some of the best trading minds of all time. We are going to go on a journey of discovery and learn a little about some of the best traders ever and dissect some of their famous quotes to see what we can learn and how it applies to our own trading.

The way to learn anything is to learn from the greats, have mentors, teachers, study and read; you must make a concerted effort to absorb as much knowledge from the best in your field as possible, for that is truly the fastest way to success, be it in trading or any other field.

Below, you will find a brief introduction to 10 of the best traders of all time, followed by an inspiring quote from them and how I view that quote and apply it to my own trading principles. Hopefully, after reading today’s lesson you will be able to apply this wisdom to your own trading and start improving your market performance as a result…

George Soros

George Soros gained international notoriety when, in September of 1992, he invested $10 billion on a single currency trade when he shorted the British pound. He turned out to be right, and in a single day the trade generated a profit of $1 billion – ultimately, it was reported that his profit on the transaction almost reached $2 billion. As a result, he is famously known as the “the man who broke the Bank of England.”

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stockarchitect December 24, 2018

Ed Seykota / George Soros / Jesse Livermore / Jim Rogers / John Paulson / learntotradethemarket.com / Nial Fuller / Paul Tudor Jones / Ray Dalio / Richard Dennis / Stanley Druckenmiller / Warren Buffet /

Reblog: 39 Powerful Trading Tips by Ed Seykota That Will Rock Your Trading


ed seykota

Heard of Ed Seykota?

He was featured in the book Market Wizards and returned 250,000% over a 16 year period. Comparable to the likes of Warren Buffet and George Soros.

A little background:

Ed Seykota has an Electrical Engineering degree from MIT and is a systematic trend follower.

His trading is largely confined to the few minutes it takes to run his computer program, which generates signals for the next day.

If you want to get into the mind of one the best traders around, this is your chance.

Here are the 39 best things said by Ed Seykota.

Quotes by Ed Seykota

Technical analysis

1. In order of importance to me are: (1) the long-term trend, (2) the current chart pattern, and (3) picking a good spot to buy or sell. Those are the three primary components of my trading. Way down in very distant fourth place are my fundamental ideas and, quite likely, on balance, they have cost me money.

Continue Reading →

stockarchitect August 8, 2018

Ed Seykota / George Soros / Rayner / Trading / Trading Tips / tradingwithrayner.com / Warren Buffet /