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    Forums ›› Trading for a Living ›› Psychology ›› ED SEYKOTA--has he lost his mind ??  


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pemully
 

Registered: Oct 2012
Posts: 23

 

12-24-12 06:29 AM

[QUOTE]Quote from oldtime:

best advice I ever got from Seykota

there may come a time to change your strategy

but it's not in the depths of drawdown

biggest mistake traders make

abandoning their strategy at the the depths of drawdown

even when they were flat, and of sound mind and body

they predicted it would occur

especially if it gets off to a bad start and heads straight down there like it was on a mission

so now you quit at the bottom, and start off with something new, but with less money

keep doing that over and over, and you will be looking for brokers with low account minimums
[/QUOTE

I'll never forget this.

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Visaria
 

Registered: Sep 2004
Posts: 3779

 

12-24-12 12:24 PM


Quote from pemully:

I heard Ed charges an arm & leg for his meetings ....enough said.



Doesn't charge anything for the weekly meetings. If you want a one on one meeting then, of course, he charges (i think it's $5k). Otherwise, every trader on Earth would want a meeting!

I met Ed a few years ago, v smart and top bloke. He's put on a few pounds since that video, that's for sure!

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