"Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible."

"The markets are the same now as they were five or ten years ago because they keep changing-just like they did then."

"The elements of good trading are cutting losses, cutting losses, and cutting losses."

"Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing…"

"I think that if people look deeply enough into their trading patterns, they find that, on balance, including all thei…"

"The trend is your friend except at the end where it bends."

"Charles Faulkner tells a story about Seykota's finely honed intuition when it comes to trading: I am reminded of an e…"

"If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are b…"

"Here's the essence of risk management: Risk no more than you can afford to lose, and also risk enough so that a win i…"

"Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at …"