Ed Seykota: Quotes about change

Ed Seykota is American commodities trader. Explore interesting quotes on change.

Ed Seykota: 32 quotes 0 likes

“Our work is not so much to treat or to cure feelings, as to accept and celebrate them. This is a critical difference.
Fundamentalists figure things out and anticipate change. Trend followers join the trend of the moment. Fundamentalists try to solve their feelings. Trend followers join their feelings and observe them evolve and dis-solve.
The feelings we accept and enjoy rarely interfere with trading.
Trying to treat or cure feelings adds mass.”

Ed Seykota

Source: FAQ http://www.seykota.com/tribe/pages/2003_Mar/Mar_09-15/index.htm

Feeling , Change

“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

“I don't think traders can follow rules for very long unless they reflect their own trading style. Eventually, a breaking point is reached and the trader has to quit or change, or find a new set of rules he can follow. This seems to be part of the process of evolution and growth of a trader.”

Ed Seykota

Source: Schwager, Market Wizards, page 166

Thinking , Change , Parting

“Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible.”

Ed Seykota

Source: Schwager, Jack D., Market Wizards, HarperCollins (1989), page 159, ISBN 0-88730-610-1

Change