Ed Seykota
Quotes
"Win or lose, everybody gets what they want out of the market."
"The elements of good trading are: cutting losses, cutting losses, and cutting losses."
"There are old traders and there are bold traders, but there are very few old, bold traders."
"The trading rules I live by are: cut losses, ride winners, keep bets small, follow the rules without question, and know when to break the rules."
"If you can't take a small loss, sooner or later you will take the mother of all losses."