About the Great Ed Seykota 's trading startegies.
Printed From: The Equity Desk
Category: Market Strategies
Forum Name: Trading Psychology
Forum Discription: Discuss the psychological aspects of trading such as fear, greed and discipline. Why stocks are bought like perfumes and not groceries.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=125
Printed Date: 07/May/2025 at 4:28pm
Topic: About the Great Ed Seykota 's trading startegies.
Posted By: BubbleVision
Subject: About the Great Ed Seykota 's trading startegies.
Date Posted: 07/Aug/2006 at 7:37pm
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According to Jim Rogers " The Markets are ALWAYS WRONG". He said this in his interview in the market wizards interview and i subscribe to a similar thinking and surprisingly so given i am a technical analyst. What do you all think. Mr Basant your views are highly appreciated. What a Great Forum this is. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Replies:
Posted By: basant
Date Posted: 07/Aug/2006 at 7:50pm
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Vikrant: If markets were right or in other words if we believed in the efficient market hypothesis then all of us would have made the same annualised 12% in stocks.The fact that markets are WRONG allows some of us to make 100% and some to lose 80%.People who say that markets are always right do not know what is right. Now if Markets had been right we would all have loaded up on Index Funds because there was no way to beat the market. The fact that you had people who could consistently beat the market JIm Rogers,Warren Buffet, Peter Lynch, Samir Arora and our own Rakesh Jhunjhunwala means that markets were wrong and they bought stocks/commodities that people thought to be fully valued when they were significantly under valued. SO if I may add another phrase to your pearl of wisdom it means the same thing but is put in a slightly different fashion. " Markets are never wrong Opinions are" - Jesse Livermore To read about the world's greatest investors click on this link http://www.theequitydesk.com/globe_troting_macro_players.asp - http://www.theequitydesk.com/globe_troting_macro_players.asp To read Jesse Livermore 13 commandments click here http://www.theequitydesk.com/thirteen_commandments.asp - http://www.theequitydesk.com/thirteen_commandments.asp
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BubbleVision
Date Posted: 07/Aug/2006 at 8:09pm
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Hi
This is the exact line of thought i had expected from your books of wizdom. Livermore has been a lifetime Fav of me so has been Ed Seykota, Jim Rogers and Mark Faber.... Rakesh Jhunjhunwala & Ramesh Damani.. all because of their unique perspective on the markets and also life. Ed Seykota is the most unique as his perspective on markets are particularly unique. After all he believes "Everybody gets what they want". i suscribe to him but only as far as markets are concerned.
Anyway a great reply from you and that is what this forum is for. Discussing perspectives and helping each other becomming better. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: basant
Date Posted: 07/Aug/2006 at 8:21pm
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You would love reading these two quotes of Ed Seykota: "Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them " Funny - Mentals". How ever, if you catch on early before others believe, then you might have valuable (surprise-a-mentals)". “Having a quote machine is like having a slot machine on your desk - you end up feeding it all day long. I get my price data after the close each day". ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BubbleVision
Date Posted: 07/Aug/2006 at 8:30pm
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Some more from Seykota's book of wizdom In trading and in life you cant act in the past or in the future. You can only act in the momment of NOW
You cant make money if you re unwilling to lose.. It is like breathing in without willing to breathe out..
I will post more from Seykota in a couple of days. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 08/Aug/2006 at 6:53pm
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Seykota Uses Trend Following method of trading in the markets and he computerises every system that he follows. His web url is www.tradingtribe.com
------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 08/Aug/2006 at 6:57pm
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Mr Basant,
Can i post an external link on the global economies page.. and also why have u changed Ramesh Damani with Rakesh Jhunjhunwala in one of my earlier post?
Can we post external link on the forum at all? ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: basant
Date Posted: 08/Aug/2006 at 7:25pm
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Yes Do post it and sorry about that you ahd written Rakesh Damani so I was not sure which one you meant. WOuld change it in a moment. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BubbleVision
Date Posted: 02/Sep/2006 at 12:19pm
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“Win or lose, everybody gets what they want from the market. Some people like to lose, so they win by losing money.” -- ED SEYKOTA ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 15/Sep/2006 at 7:34pm
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Page 161 - market wizards....
Ed Seykota says....
Life itself is based on trends. Birds start south for winter and keep on going every year. Company's track trends and alter their products accordingly. Tiny protoza move in trends along chemical and Luminescence gradiants.
Amazing..... ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 15/Sep/2006 at 7:37pm
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Page 170 - market wizards
Ed Seykota says ---
The joy of winning and the pain of losing are right up there with the pain of winning and the joy of losing. Also to consider are the pain and the joy of not participating.
Brilliant views. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 15/Sep/2006 at 8:21pm
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Some people commit to carry the I CAN'T COMMIT rock --- ED SEYKOTA ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: Ajith
Date Posted: 15/Sep/2006 at 11:34pm
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Really inspiring stuff brought in by BubbleVision.We have to clear the cobwebs in our mind and make sure that our mind is not deceiving us by setting an objective other than winning which is/ought to be the purpose of our endeavours in the stockmarket.Whatever be the tool technical or fundamental he who visualizes victory and is in control of himself will win. Gary Kasparov once wrote that weakness in character is reflected in chess and that is applicable to stockmarket efforts as well. |
Posted By: BubbleVision
Date Posted: 15/Sep/2006 at 10:04am
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Absolutely agreed with you Ajith Ji...
Whatever be the tool technical or fundamental he who visualizes victory and is in control of himself will win.
This is where according to me ED SEYKOTA has learnt the meaning of life. And now he is distributing his wizdom to others who want to be like him.
------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 15/Sep/2006 at 10:07am
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In trading or in Life... you cant act in the past or the future. You can only Act in the momment of NOW -- ED SEYKOTA ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 15/Sep/2006 at 10:11am
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You cant make money if you are unwilling to lose....... Its like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 03/Oct/2006 at 1:53pm
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Discovering your system properties though back-testing - and then discovering your own risk and reward tolerances - can help you determine if your system fits you. -- Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 03/Nov/2006 at 10:45am
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"I feel my success comes from my love of the market. 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 my Life" Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: basant
Date Posted: 03/Nov/2006 at 11:22am
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BubbleVision you bring an entrirely different perspective to this forum.I read somewhere that "people who think of investing as a hobby always lose, hobbies cost money horse racing, holidaying etc".
To make money in markets it has to be taken like a profession and no professional ever succeeds working parttime. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BubbleVision
Date Posted: 03/Nov/2006 at 11:35am
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"people who think of investing as a hobby always lose, hobbies cost money horse racing, holidaying etc".
---------------------
BasantJi thanks for the compliment, but i fell exactly the same way .....
Hobbies... always cost money...So those of who are planning to earn from this market... and retire after 5 years.. better watch out... The market makes no mercy..... ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: Ajith
Date Posted: 04/Nov/2006 at 10:10pm
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A lifelong passion for the market is good but is not sufficient,I feel-it must be combined with a passion to win.Today at the local weekly chess tounament the best player did not win the prize money-the most passionate one who hates to lose did. ------------- Ajith |
Posted By: manishdave
Date Posted: 04/Nov/2006 at 10:50pm
| I dont understand one thing. Why people like Ed or Samir Arora manage other people's money? Yes you dont have enough capital at begining. But after some capital, why don't they just be on their own like WB or J Rogers? |
Posted By: BubbleVision
Date Posted: 04/Nov/2006 at 6:17am
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Manish... I know for a fact that ED does NOT manage anyones money now. Infact he stopped doing it sometime in 1980's. He is only managing some old clients, who refuse to leave him. However he still takes someone's money to manage after meeting him personally and knowing all his objectives.
I have met Ed once and i am saying this from personal interaction with him.
Ajith ji, that exactly what Ed is trying to say, ...
If mother nature gives you hunger, then she also has given you a mind to think and two hands to work to satisfy that hunger....
Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: kulman
Date Posted: 04/Nov/2006 at 9:57am
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Very interesting readings on this thread.
BubbleVision, tell us more about your meeting with Seykota, where, when, how...? Aap to chhupa rustom nikle!
As Basantjee had mentioned elsewhere, even few minutes of time spent with the Greats/Legends are enough to learn a lot.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: BubbleVision
Date Posted: 06/Nov/2006 at 3:22pm
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Do you want to be right or make money?
Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 06/Nov/2006 at 10:22am
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Everyone has the mind to make money in stocks (or any other financial market).. but everybody does NOT have to stomach....
Anonymus ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 09/Nov/2006 at 6:43pm
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Success in the markets - apart from talent, hardwork and luck and away from any eloborate indicator or any eloborate theory ;.... it lies within each individual.
-- Jack Schawager ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 13/Nov/2006 at 6:22pm
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On advice to a "bad trader" or an "investor" ---
He should superior trader to do the trading for him and then go find something he really LOVES to do....Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 13/Nov/2006 at 6:25pm
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The stock market behaves differently from all other markets and it also behaves differently from stock market...Ed Seykota....
On being asked what he meant... He explained that
"The stock Market behaves differently from itself in that easily identifiable patterns seldom exactly repeat"...Ed Seykota
------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: basant
Date Posted: 13/Nov/2006 at 6:28pm
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easily identifiable patterns seldom exactly repeat".
________________________________________________
Sounds a bit contradictory to technical analysis (H&S, MA etc). ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BubbleVision
Date Posted: 13/Nov/2006 at 6:33pm
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The Key word is "EXACTLY"..... and Rembember... Trend-Following... is a "Subset" of TA.... and NOT exactly Technical analysis....
This is really relevent for "Gabba"... dont you think so? ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: basant
Date Posted: 13/Nov/2006 at 6:36pm
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Got it. The visitors wil always lose at the Gabba the pitch is designed in such way that only the home team collects the booty (prize money) ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BubbleVision
Date Posted: 14/Nov/2006 at 6:08pm
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For Most of us the task of beating the markets is not difficult.... It’s the job of beating ourselves that proves to be overwhelming.... Martin Pring ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 14/Nov/2006 at 6:14pm
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You can crunch all the numbers you like ... but your gut still has handle all the up's and down's. You have to live with and feel the uncertainity...... Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: monu_duggad
Date Posted: 14/Nov/2006 at 8:10pm
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bubble...do u have any soft copy of articles by edseykota.... ------------- If you think you can,You Can |
Posted By: xbox
Date Posted: 14/Nov/2006 at 4:46am
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All I can add here is .. Fundamental never works. It neither works in bear market nor in bull market. But it a great enabler. I helps analysing the stock. Stock picking is the most important factor. Under stock picking, only 2 factor are important ..
1. Right Sector
2. Right pick under 1.
Even a bad company in good sector will outperform the markets (bear or bull). so if one picked right sector, assume he is almost done with it. There are very people who picks emerging stocks (though bottom up app) in good sector.
So if u pick good sector, u are 90% done. but if u get good company in good sector then it is called life time pick.
Stocking picking is not as difficult as various discussion/experts make it. It is fairly simple process. But as sombody said that stock picking is art and science. we all can learn science (picking right sector) but art portion (picking right stock in right sector) is not everybody's cup of tea. As we all can not become painter of singer.
Disclaimer: It is my personal view. I take no responsibility on any damage incurred based upon this thinking. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: Ajith
Date Posted: 14/Nov/2006 at 6:50am
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Someone who attended several good TA classes was telling me recently how useful it was.This technique suits his personality unlike fundamentals about which he was never enthusiastic and he never made money.Unlike Gabba's never-can-go wrong-precision approach he admires Atul Suri's way.
Bubblevision,Ed Seykota almost seems to be emphasizing great spiritual strength(based on his words and the intro at trading tribe).His techniques as stocks enter buy/sell zones must be great. ------------- Ajith |
Posted By: kulman
Date Posted: 14/Nov/2006 at 7:03am
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Investing is definitely an art.
It is 12% Financial knowledge* & balance 88% is pure psychology+emotional intelligence**.
* one may call this fundamental/technicals/macro/micro/top-down/bottoms-up etc
** is also known as guts
Atul Suri in one of his interviews gave a great emphasis on Yoga, Pranayam as a technique to control emotion, block out the 'noise'! ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: sanjay3
Date Posted: 14/Nov/2006 at 8:20am
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good well said |
Posted By: sanjay3
Date Posted: 14/Nov/2006 at 8:23am
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Everyone has the mind to make money in stocks (or any other financial market).. but everybody does NOT have to stomach....
Anonymus
good well said |
Posted By: basant
Date Posted: 14/Nov/2006 at 9:07am
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So if u pick good sector, u are 90% done. but if u get good company in good sector then it is called life time pick.
_________________________________________________________
I like the way you think probably because I am myself biased into thinking in such fashion. Did you lose money in the markets to know all this if so please let us know what did you do wrong at that point in time. YOu may ignore the question also. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BubbleVision
Date Posted: 15/Nov/2006 at 12:04pm
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I am very very plesently surprised to see so many reply replys on the thread.
I agree with all there of you ... Vipul's "Fundamental never works. It neither works in bear market nor in bull market. But it a great enabler."
Ajitji's "This technique suits his personality" and
Kulman's "
It is 12% Financial knowledge* & balance 88% is pure psychology+emotional intelligence**."
Ed Seykota through his trading tribe encourages everyone to "Experience the Experiences". This way we all would be able to reflect on ourselves better and we would be able to approach anyone or anything in a much easier way and a better way.
With regards to trading .... it would enable us to live in the moment of NOW (living in the present). After all... its the mental toughness which counts in the market. For some Yoga is the heal, while for others it may be the trading tribe...
However one must trade according to his personality...which is a lifetime process... ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: catcall
Date Posted: 15/Nov/2006 at 6:36pm
| it's said of Warren Buffet that what differentiated him from the pack was his phenomenal (almost abmormal) conviction in hs decisions .. he choose to hold on to his stock in the crash of depression years and when he felt the market was overvalued (during the go-go years) he stayed away inspite of seeing everyone and his aunt earning money. We may not get anywhere near those heights, but understanding the strategies of WB and ES does work as a path-finder. After that its ' all about attitude!! |
Posted By: BubbleVision
Date Posted: 16/Nov/2006 at 2:09pm
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Nobody has ever bet enough on a winning horse....
------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 16/Nov/2006 at 2:14pm
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Never ever marry a position....Marriages (in markets as well in life)...always costs us money..Dont they.... ---- BOBL
Nobody knows BOBL here... Well he is a San Deigo based Trend-Following trader, who i happened to meet. He manages fund of over a Billion Dollars... for San Deigo pension workers...Not to mention... He is an Ed Seykota tribe member... ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 16/Nov/2006 at 5:02pm
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No matter how great the talent or effort, some things just take time: you can't produce a baby in one month by getting nine women pregnant." - Warren Buffett This quote was originally posted by Kulman....However this amazing quote kept on ringing in my head since then. Hence this comes here. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 16/Nov/2006 at 5:03pm
The call of the countertrend”- William Eckhardt ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: Ajith
Date Posted: 16/Nov/2006 at 10:48pm
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Bubblevision,Really true-everyone(almost) treats the last few months prices as normal and benchmark against that.
But unless proved wrong I am getting married to positions,thats certain.Difficult to be serene about that though.For that(serenity) you need conviction,I suppose. ------------- Ajith |
Posted By: BubbleVision
Date Posted: 17/Nov/2006 at 1:24pm
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AjitJi..... You have hit the nail on the head with this word "everyone(almost)".... The Guys who go against this .. Funda or tech.. Make all the money....
That Eckhardt Quote has been taken from the market wizards.... Have u read that and If yes... please share the points that you noticed....
Re Marriage: You have again written the relevent words "unless proved wrong"... This to me means that a divorce is ready when required... and that is the essence of that quote. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: catcall
Date Posted: 17/Nov/2006 at 8:20pm
"Or by putting nine men on the job!
 |
Posted By: BubbleVision
Date Posted: 18/Nov/2006 at 1:30pm
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"You are what your deep driving desire is ...
As is your desire .. so is your will...
As is your will ... so is your Deed...
As is your deed.. so is your Destiny"
-- Brihadranyaka IV. 4.5
------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 22/Nov/2006 at 6:31pm
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Here is a very very good Article from http://www.brettsteenbarger.com/ - Dr Breet Steenbarger
What Trading teaches about life
Trading is a crucible of life: it distills, in a matter of minutes, the basic human challenge: the need to judge, plan, and seek values under conditions of risk and uncertainty. In mastering trading, we necessarily face and master ourselves. Very few arenas of life so immediately reward self-development--and punish its absence. So many life lessons can be culled from trading and the markets:
1) Have a firm stop-loss point for all activities: jobs, relationships, and personal involvements. Successful people are successful because they cut their losing experiences short and ride winning experiences. 2) Diversification works well in life and markets. Multiple, non-correlated sources of fulfillment make it easier to take risks in any one facet of life. 3) In life as in markets, chance truly favors those who are prepared to benefit. Failing to plan truly is planning to fail. 4) Success in trading and life comes from knowing your edge, pressing it when you have the opportunity, and sitting back when that edge is no longer present. 5) Risks and rewards are always proportional. The latter, in life as in markets, requires prudent management of the former. 6) Happiness is the profit we harvest from life. All life's activities should be periodically reviewed for their return on investment. 7) Embrace change: With volatility comes opportunity, as well as danger. 8) All trends and cycles come to an end. Who anticipates the future, profits. 9) The worst decisions, in life and markets, come from extremes: overconfidence and a lack of confidence. 10) A formula for success in life and finance: never hold an investment that you would not be willing to purchase afresh today. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 06/Dec/2006 at 12:19pm
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Having a quote machine is like having a slot machine on your desk - you end up feeding it all day long. I get my price data after the close each day. Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 06/Dec/2006 at 5:58pm
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"One evening, while having dinner with a fundamentalist, I accidentally knocked a sharp knife off the edge of the table. He watched the knife twirl through the air, as it came to rest with the pointed end sticking into his shoe. 'Why didn't you move your foot?' I exclaimed. 'I was waiting for it to come back up,' he replied"
- Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: catcall
Date Posted: 06/Dec/2006 at 6:01pm
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good one, Bubble vision!! ------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: BubbleVision
Date Posted: 06/Dec/2006 at 6:10pm
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Thanks catcall!....
I had feared that the Fundamentalists would throw me out of my chair for posting that one....
Thanks again!  ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: kulman
Date Posted: 07/Dec/2006 at 7:51pm
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That was a good one, BubbleVision.
Perhaps that explains why successful traders need to be nimble-footed!
 ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: Ajith
Date Posted: 07/Dec/2006 at 10:12pm
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I am really able to get a broader view with your quotes,Bubblevision.I still havent read Market Wizards.Really exasperating that one cant get it here.Next visit to Bangalore I'll buy that and (not certain about the words)If its raining in Brazil,buy Starbucks.
------------- Ajith |
Posted By: catcall
Date Posted: 09/Dec/2006 at 9:42pm
Was reminded of a similar joke:
How many stockbrokers does it take to change a light bulb?
Two all up. One to take out the bulb and drop it, and the other to try and sell it before it crashes (knowing that it's already burned out). ------------- There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing! |
Posted By: BubbleVision
Date Posted: 11/Dec/2006 at 9:11am
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Losing a position is aggravating, whereas losing your nerve is devastating. Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 11/Dec/2006 at 9:11am
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I prefer not to dwell on past situations. I tend to cut bad trades as soon as possible, forget them, and then move on to new opportunities. After I bury a dead trade, I don't like to dig up the details again. Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 19/Dec/2006 at 9:04am
|
To avoid getting whipsawed, stop trading
-- Ed Seykota
Persevereance and Discipline is the key to success
The most important thing to trading is ....Play great Defence....Not great Offence -- Paul Tudor Jones ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 27/Dec/2006 at 7:51am
|
The Jademaster One cold winter morning a young man walks five miles through the snow. He knocks on the Jademaster's door. The Jademaster answers with a broom in his hand. "Yes?" "I want to learn about Jade." "Very well then, come in out of the cold." They sit by the fire sipping hot green tea. The Jademaster presses a green stone deeply into the young man's hand and begins to talk about tree frogs. After a few minutes, the young man interrupts. "Excuse me, I am here to leam about Jade, not tree frogs." The Jademaster takes the stone and tells the young man to go home and return in a week. The following week the young man returns. The Jademaster presses another green stone into the young man's hand and continues the story. Again, the young man interrupts. Again, the Jade-master sends him home. Weeks pass. The young man interrupts less and less. The young man also learns to brew the hot green tea, clean up the kitchen and sweep the floors. Spring comes.
One day, the young man observes, "The stone I hold is not genuine Jade." I lean back in my chair, savoring the story. My student interrupts. "OK. OK. That's a great story. I don't see what it has to do with making money. I come to you to find out about the markets. I want to learn about the bulls and the bears, commodities, stocks, bonds, calls and options. I want to make big money. You tell me a fable about Jade. What is this? You ..." "That's all for now. Leave those price charts on the table. Come back next week." Months pass. My student interrupts less and less as I continue the story of The Trader's Window.
-from The Trader's Window, ED SEYKOTA Guys....i would really be interested to read everyone's own intrepretetion of this post ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: Ajith
Date Posted: 27/Dec/2006 at 8:47am
|
My take on Jade-
The most difficult and important but difficult-to-learn -(immediately) 'activity' is to listen intently (block out everything else )-to the flow of the market,to your inner voice and only then can you learn and act independantly and profitably. ------------- Ajith |
Posted By: basant
Date Posted: 27/Dec/2006 at 9:53am
|
I would assume that Seykota's sermon is like the market do not argue with it but try to see and rather hear what it says. Most of the time you would find it irrelevant but there is little we can do about that irrelevance.But if you stick to it you would be able to create opportunities in that irrelevance and that will be the time you will stop arguing. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: Ajith
Date Posted: 28/Dec/2006 at 12:44pm
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Mr. Basant,well put.In relation to markets,you have to be relaxed and still to latch on to what is going on-be in the flow. ------------- Ajith |
Posted By: BubbleVision
Date Posted: 29/Dec/2006 at 9:45am
|
Excellent thoughts BasantJi and AjithJi...Both are very relevent yet very different...
Thank You. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: SORUB
Date Posted: 07/Feb/2007 at 10:38am
|
my view:
traders or investors=spiders plans,discipline,circle of competance..=web(keep spinning/working) insects=chances and opportunity(utilize 100%) ------------- K.I.S.S(keep it simple silly) is the most easy management formula i ever came across!!! but it is very hard to follow!!! |
Posted By: kulman
Date Posted: 07/Feb/2007 at 10:48am
|
Interesting one on Spider!
Sorub jee....2 queries:
1. Your tagline has cute KISS analogy. Is it yr own or borrowed?
2. What's yr mother-tongue?
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: SORUB
Date Posted: 07/Feb/2007 at 10:56am
|
kulman ji,. I read about KISS in rich dad poor dad...so trying to follow.
..mother-tongue is tamil but dont know tamil... ------------- K.I.S.S(keep it simple silly) is the most easy management formula i ever came across!!! but it is very hard to follow!!! |
Posted By: BubbleVision
Date Posted: 03/Mar/2007 at 8:41pm
|
On being committed:
Until one is committed, All sorts of things occur to help one Goethe, courtesy of Graham ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: s_praharaj
Date Posted: 03/Mar/2007 at 10:59pm
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Bubble vision,
I am seeing another great aspect of yours.
Keep posting such nice piece of poetries. ------------- Shashi Praharaj |
Posted By: BubbleVision
Date Posted: 04/Mar/2007 at 9:08am
|
The biggest challenge in dealing with a trend reversal is to first accept it, mentally and emotionally. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: basant
Date Posted: 04/Mar/2007 at 9:14am
By the time a normal investor agrees to accept the trend reversal it is ready to reverse again. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BubbleVision
Date Posted: 04/Mar/2007 at 10:29am
|
Exactly! ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 26/May/2007 at 10:08pm
|
A Repost....
The joy of winning and the pain of losing are right up there with the pain of winning and the joy of losing. Also to consider are the pain and the joy of not participating......Ed Seykota.
------------------------
Its the Blue marked line which induces the Market Participants to make "Irrational Decisions" and Mistakes.
------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: deveshkayal
Date Posted: 26/May/2007 at 10:32pm
Excellent...loved this one.. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: BubbleVision
Date Posted: 27/May/2007 at 8:25pm
|
I usually ignore advice from other traders, specially the ones who believe they are on to a "Sure Thing". The old-timers, who talk about "may be there is a chance of so and so" are often right and early.
ED Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 05/Jun/2007 at 12:08pm
|
The biggest secret about success is that there isn't any big secret about it, or if there is, then it's a secret from me, too. The idea of searching for some secret for trading success misses the point. It's like golf. Some golfers play to spend time outdoors. They hang out with their cronies, become one with nature, study the greens, reconnect with their muscles, drop into focused concentration and, incidentally, pick up a birdie or two. For others, it's an exercise in finding some new Holy Grail putter. Different strokes for different folks! -- Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: sacsharma
Date Posted: 17/Jun/2007 at 10:15pm
|
Bubble, Do you backtest your ideas as Seykota does and suggests? How do you integrate the "emotional/organic" part of trading with the "mathematical" one? I'd love to hear your experiences. I have been trying to experiment with Seykota's TTP. ------------- |
Posted By: BubbleVision
Date Posted: 18/Jun/2007 at 2:37pm
Yes...All my systems are Backtested and that too on various different products.
When Trades are done in an “Emotional State”, it always results in Losses. To remove the “Emotionality” part, I have shifted to “Mathematics”, which indicates to me about which trades need to be put on without “Discretion”, as the biggest winners are often born out of the ashes of pessimism, where if one follows the “Emotional state”, one is bound to get it wrong. I would give you a very recent example….In Apr End, May start, there were all kinds of theory’s about the “Chinese Bubble” and what not going around, and my system flashed me a “Green” go ahead Indicator. I went ahead and followed it, while an “Emotional” part within me was stopping me. But I decided to keep the logic once side and Math’s on another side.
The Emotional part and the Mathematical part, more often than not, go hand in hand. If one accepts mentally, his version of Math’s of the market, then there are NO internal conflicts and that leads to ward off the inherent “Corrective” phases of the market, which are bound to come from time to time. You just accept the maths as it is, as after all, you have done that math’s and you have to have the discipline within yourself to trade that math’s. One must bear the pain of that “maths”.
When in pain of Discipline...You should just stand infront of a mirror and say to himself "Have I done something wrong?". If the honest answer is "NO", then there is nothing to worry. If the answer is "Yes" then stop trading immidiately!
If one is uncomfortable with that math’s, then there could be large internal conflicts, which would NOT let anyone to trade that maths. If that is the case, its best to go to the drawing board again to redraft a new set of maths where you would be comfortable.
Great to know that!
Trading cannot be taught, It has to be learnt!....BubbleVision
------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 15/Jul/2007 at 1:55pm
|
Looking within, seems a more direct path to success than only looking outside, to the markets. ……………Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: drpatils
Date Posted: 15/Jul/2007 at 7:52pm
|
In Trading and in Life
the best move is sometimes to simply walk away. .....Ed Seykota ------------- The journey of thousand mile begins with single step-Chinese Proverb |
Posted By: drpatils
Date Posted: 15/Jul/2007 at 7:56pm
|
In my view, fundamental analysis and day trading are generally both forms of medicinal behavior, the function of which is to mask deep and painful feelings.
....Ed Seykota ------------- The journey of thousand mile begins with single step-Chinese Proverb |
Posted By: drpatils
Date Posted: 15/Jul/2007 at 8:04pm
|
You Can't Predict the position and velocity of any of the air molecules inside the balloon. You can predict the balloon maintaining a round shape, and not going flat one one side or on the top. ------------- The journey of thousand mile begins with single step-Chinese Proverb |
Posted By: PrashantS
Date Posted: 15/Jul/2007 at 9:06pm
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Well said bubble vision ji .... trading cannot be taught ...one has to learn it !!!!!!!!! |
Posted By: BubbleVision
Date Posted: 19/Sep/2007 at 2:41pm
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If I am bullish I am Long and if I am bearish, then I am Short. Being bullish and NOT being long is foolish. …………Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 25/Sep/2007 at 2:43pm
|
"Traders see what they want to see, this http://www.fullermoney.com/content/2007-09-24/Observation.pps - presentation shows that the brain plays some tricks." "New highs have surprised many people who, by continuing to expect an even bigger fall, are making one analytical blunder into two. From personal bitter experience, denial remains Enemy no 1 of the trader. "I continue to enjoy the markets, since I have long accepted being a figure of fun!" ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: basant
Date Posted: 25/Sep/2007 at 3:06pm
|
Excellent thought. Wonder how many get these right in the first attempt. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BubbleVision
Date Posted: 29/Oct/2007 at 12:33pm
|
In the 1970’s people often wondered that the markets were changing. In 2007, people are wondering, that the markets are changing. The markets are changing, because they are always the same! - Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: India_Bull
Date Posted: 29/Oct/2007 at 3:27pm
 ------------- India_Bull forever Bull ! www.kapilcomedynights.com |
Posted By: BubbleVision
Date Posted: 01/Dec/2007 at 6:12pm
|
“If you wish to trade for a living you might consider studying yourself."………Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 03/Mar/2008 at 9:27pm
|
“Sometimes the Risk is in not taking the Risk"………Ed Seykota ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: deveshkayal
Date Posted: 03/Mar/2008 at 9:52am
|
Absolutely. I believe if one does not enter at these levels then investors are gonna miss a big oppurtunity. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: BubbleVision
Date Posted: 21/Mar/2008 at 10:26am
|
Markets - 90% boredom and 10% roller coaster..And the problem is, most folks lose concentration during the boredom period and lose their stomach during the roller coaster period....... BubbleVision ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: kulman
Date Posted: 21/Mar/2008 at 10:39am
BubbleVision.......Who wrote that interesting quote?
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: BubbleVision
Date Posted: 21/Mar/2008 at 11:37am
Kulman ji....These days my mind is travelling very fast! Yours truly thought about it, while having an early bath on the Holi!  ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: kulman
Date Posted: 21/Mar/2008 at 11:49am
|
Good!
I suppose you didn't run out shouting "Eureka!" like Archimedes.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 25/Jul/2008 at 7:24pm
I came across this very interesting thought provoking quote:
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: nitin_jagtap
Date Posted: 25/Jul/2008 at 7:29pm
On a lighter note when I was in high school ...my grandma told me that if you work hard and sell news papers today I will create headlines some day. ------------- Warm REgards Nitin Jagtap |