Being a Trader

"The "doing" part of trading is simple. You just pick up the phone and place orders. The "being" part is a bit more subtle. It's like being an athlete. It's commitment and mission. To the committed, a world of support appears. All manner of unforeseen assistance materializes to support and propel the committed to meet grand destiny." - Ed Seykota

Saturday, May 31, 2008

The Essentials

Ed Seykota distills his more than forty year trading experiences into the following essentials:
  • Ride Your Winners
  • Cut Your Losses
  • Manager Your Risk
  • Use Stops
  • Stick to the System
  • File the News

You can get "The Essentials" card and see the Whipsaw Song video from his website at http://www.seykota.com/tribe/essentials/index.htm

Posted by Wayne Qiu at 3:33 PM

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      • Contrary Indicators
      • File the News
      • The Essentials
      • Quote of The Day
      • Some Trading Guides
      • Quote of The Day
      • What are Grains doing?
      • YG is Dangerous
      • Nation Home Prices
      • Quote of The Day
      • What is Mr. Copper doing?
      • New High and New Low
      • New Lows of Dow components
      • Quote of the Day
      • George Soros at Money
      • Market In A Euphoria Mode?
      • New High and New Low
      • Dry Bulk Shipping Stocks and Baltic Dry Index
      • Charts of Fast Movers
      • A divergence between QM and OIH

About Me

Wayne Qiu
View my complete profile

Please Note

The intention of inclusion of charts, trading ideas, and my trades is to share my experiences of being a trader - The appearance of them does not imply any kind of indication or recommendation to buy, sell, hold or stay out of any positions.
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