Ed Seykota

Trading cards- Quotes from successful traders

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“l feel my success comes from my love of the markets. I am not a casual trader. It is my life. I have a passion for trading. It IS not merely a hobby or even a career choice for me. There is no question that this is what I am supposed to do with mv life.”

~~~~ Ed Seykota ~~~~

Ed Seykota

“If you can’t take a small loss, sooner or later you will take the mother of all losses,”


Ed Seykota, systematic trend follower

“There is a time to go long. There is a time to go short.
And there is a time to go fishing.”


Jesse Livermore.

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“In trading you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money. I believe that anyone who has made money in trading has had to experience horrendous pain at some point.”


Ray Dalio, hedge fund manager

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“Intelligent people who are open to recognizing and learning from their mistakes substantially outperform people with the same abilities who aren’t open in the same way.”


Ray Dalio, hedge fund manager, Bridgewater Associates

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“Don’t force yourself into a weak trade because you are hungry for action. Patience is required to succeed as a trader.”


Darrin Donnelly, trader

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“You are competing with people who devoted a good portion of their lives to this same endeavor.”


Michael Steinhardt, hedge fund manager

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“A good trader watches his capital as carefully as a professional scuba diver
watches his air supply.”


Alexander Elder, trader & author

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