A Quote by Ed Seykota
The idea of searching for some secret for trading success misses the point.
Related Quotes
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.
I know you want me to let you in on some big secret to success in the NBA. The secret is there is no secret. It's just boring old habits.
At some point, you have to declare an idea dead and, if not a failure, then at least not a success.
Some of us claim that he was a messiah, and some think that he was just a man with very special powers. But that misses the point. Whatever he was, he changed the world.
After I won in Beijing I chatted with a lot of Indian athletes and they were interested and keen to know what I did. They all thought that I had some sort of secret for success, but I just wanted them to understand and realize that the biggest secret is: there is no secret.
Searching for money, what are you really searching? You are searching power, you are searching strength. Searching for prestige, political authority, what are you searching? You are searching power, strength - and strength is all the time available just by the corner. You are searching in wrong places.
Some of the secret joys of living are not found by rushing from point A to point B, but by inventing some imaginary letters along the way.
Paradoxical as it may seem, the purposeful life has no content, no point. It hurries on and on, and misses everything. Not hurrying, the purposeless life misses nothing, for it is only when there is no goal and no rush that the human senses are fully open to receive the world.
When I was younger, I wanted to be a cop. Then I watched 'The Wild Wild West,' and so I wanted to be in the Secret Service like James West. At some point I realized, 'That guy is not in the Secret Service. He's an actor.' That sounds like a good idea too.
The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.
Some have said that I can accept inadequacies in my players but not in umpires. That completely misses the point. I can't tolerate anyone's mistake.
With a secret like that, at some point the secret itself becomes irrelevant. The fact that you kept it does not.
So the first thing to be reminded of: love is never a relationship. Then something else is masquerading as love. Maybe you are searching for a husband or a wife - you are searching for some security, you are searching for some structure. A structured life is a murdered life.
Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.
Some are born in their place, some find it, some realize after long searching that the place they left is the one they have been searching for.
One of the things young people always ask me about is what is the secret to success. The secret is there is no secret. It's the basics. Blocking and tackling.
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