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