EdSeykota

"The elements of good trading are (1) cutting losses, (2) cutting losses, and (3) cutting losses." -Ed Seykota

📊 Legendary trader and pioneer in automated trading

Ed Seykota is a renowned trader who revolutionized the world of trading through the implementation of automated systems. His career began in the 1970s, and he quickly stood out for his ability to manage risks and control emotions in the market. Seykota is known for his focus on trend following and strict discipline in loss management, which he believes is essential for trading success. His teachings and philosophy have influenced countless traders, always highlighting his mantra of cutting losses to protect capital and ensure longevity in the market.

❓ Question for the community: How do you handle your losses in trading? Do you have a specific system to cut losses or do you let yourself be carried away by your emotions?

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