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.
I think that if people look deeply enough into their trading patterns, they find that, on balance, including all their goals, they are really getting what they want, even though they may not understand it or want to admit it...
Systems donât need to be changed. The trick is for a trader to develop a system with which he is compatible.
I donât 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.
A fish at one with the water sees nothing between himself and his prey. A trader at one with his feelings feels nothing between himself and executing his method.
Lungs Lose Air about Half the Time.
Things you Measure Tend to Improve.
Becoming a better trader and becoming a better person seem to go together.
Most people are really pretty agreeable, until you try to change them.
We are all here on this planet, temporarily, sharing some room with each other. Some chop wood and some carry water.
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 itâs coming in, itâll never happen.
John (Bollinger) tells me audiences can sit for hours and listen to him describe his famous, and simple, equation. They cannot, however, stand to listen to advice about risk management or sticking with a system.
Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top.
It can be very expensive to try to convince the markets you are right
Ed Seykota
