Ed Seykota: Marketing

“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

Source: Schwager, Jack D. (Editor), Market Wizards, HarperCollins (1989), page 172, ISBN 0-88730-610-1, Read it here http://books.google.com/books?id=jNG7r-Ul7jwC&printsec=frontcover&dq=market+wizards&ei=stanR4q2LKTeiQGMxbFo&sig=8NhAQMHBUZCiBzaJjF4o2ZcOGMY#PPA172,M1

Money , People

“It can be very expensive to try to convince the markets you are right.”

Ed Seykota

Source: Covel, Trend Following, page 59

“Markets are fundamentally volatile. No way around it. Your prolem is not in the math. There is no math to get you out of having to experience uncertainty.”

Ed Seykota

Source: Covel, Trend Following, page 59

Way

“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.”

Ed Seykota

Source: Harris, Sunny J. Trading 102: Getting Down to Business, Wiley; 1 edition (September 1998), ISBN 0471181331 Read it here http://books.google.co.uk/books?vid=ISBN0471181331&id=lvq0DElVjRIC&pg=PA10&lpg=PA10&dq=seykota&sig=SvwZDgQxbP1_aH9Pi06-xucp4P0

“The markets are the same now as they were five or ten years ago because they keep changing-just like they did then.”

Ed Seykota

Source: Koppel, Robert The Intuitive Trader: Developing Your Inner Trading Wisdom, John Wiley & Sons Inc (May 1996), ISBN 0471130478 Read it here http://books.google.co.uk/books?vid=ISBN0471130478&id=NJ91Vdz_UMsC&pg=PA20&lpg=PA20&dq=seykota&sig=thBknQqxPY3zhgDy_k0LVp0GZ4A

Change

“Charles Faulkner tells a story about Seykota's finely honed intuition when it comes to trading: I am reminded of an experience that Ed Seykota shared with a group. He said that when he looks at a market, that everyone else thinks has exhausted its up trend, that is often when he likes to get in. When I asked him how he made this determination, he said he just puts the chart on the other side of the room and if it looked like it was going up, then he would buy it… Of course this trade was seen through the eyes of someone with deep insight into the market behavior.”

Ed Seykota

Source: Covel, Michael W., Trend Following: How Great Traders Make Millions in Up or Down Markets, FT Press (2007), pages 172-173, ISBN 0-13-613718-0

Behavior , Thinking