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Top 10 quotes from Ed Seykota

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  • Top 10 quotes from Ed Seykota

    Ten greatest quotes from one of the greatest traders of all time:


  • #2
    Yes! Exactly and a very good guidelines especially for new traders. There's this one quote that I like reading: The trading rules I live by are: (1) Cut losses. (2) Ride winners. (3) Keep bets small. (4) Follow the rules without question. (5) Know when to break the rules. The last rule must be noted!

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    • #3
      I absolutely agree with the quotes and serves as teachings before you trade. Its good to know all them like this one: " Luck plays an enormous role in trading success. Some people were lucky enough to be born smart, while others were even smarter and got born lucky." I guess, it is all about being lucky and being smart to be successful in trading.

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      • #4
        Nice video. I'm going to follow you for good news.

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        • #5
          I do not know who said this, but it makes sense, "A trader who has never lost, is not a trader yet." Yes, losses are inevitable when it comes to Forex. When they eventually happen, we shouldn't be discouraged.

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          • #6
            “Most professional traders I know have a high win-loss ratio. If you have a high methodology with a high win-loss ratio, the odds of having six losing trades in a row drop off dramatically, and this means you can then use greater leverage [in futures trading] – a very important, but often overlooked, factor.” Linda Bradford Raschke

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            • #7
              “Assign probabilities to each event and you can estimate the distribution of future profit and loss.” Paul Wilmott

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