A Quote by Ed Seykota
The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules.
Related Quotes
And I'm the first one to tell people to break the rules. But you can only break the rules once you know what the rules are. The other thing is, fashion is the last design discipline to actually have academic texts and historical analysis.
You've got to know the rules to break them. That's what I'm here for, to demolish the rules but to keep the tradition.
There are certain things that we can deal with by following the rules. But at times, we find the rules restrict you from doing the right things. On such occasions, we have to rethink - either you change the rules or break the rules.
Rules matter, and to be rules they need to be universal in form: always do this, never do that. But it is foolish to rule out in advance the possibility that an occasion might arise when normal rules just don't apply. Rules are not there to be broken, but sometimes break them we must.
The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you may have a chance.
I always say that you could publish trading rules in the newspaper and no one would follow them. The key is consistency and discipline. Almost anybody can make up a list of rules that are 80 percent as good as what we taught people. What they couldn’t do is give them the confidence to stick to those rules even when things are going bad.
Following rules is, of course, the reason the dog is man's best friend is because the dog follows rules, and they actually do experiments on that, is that how well certain breeds of dogs follow rules, and how much they internalize them. And so many hierarchical animals, obviously they follow rules.
It's very important, at least to me as a writer, that there be some rules on the table when I'm writing. Rules come from genres. You're writing in a genre, there are rules, which is great because then you can break the rules. That's when really exciting things happen.
Putin goes to bed at night knowing he can break all the rules, and the West will follow all the rules.
Rules about public sanitation are a simple and familiar example. Without them, a city can't be a healthy place to live; but these rules don't just happen. The rules for a city are different from the ones for a village, but as a village slowly gets bigger, a city may be stuck with the rules of the village.
a real man is happy and eager to live by your rules, as long as he knows what the rules are and he's sure that abiding by those rules will help keep the woman he loves happy
Life exists without rules; games cannot exist without rules. So real religion is always without rules; only false religion has rules, because false religion is a game.
Learn the rules, break the rules, make up new rules, break the new rules.
My goal is to be myself, and to challenge stereotypes, and to follow the rules, and break them, and make new rules. It's not about doing something that's already been done. That would be silly.
I think that the essence of being an artist is to break rules. You have to learn rules, and you have to break them, because if you make art only by the rules, then you make very boring art.
It's easier for our brains to have a list of rules and say, "If we keep these rules, we're in, and if we don't keep these rules, we're out." The problem with grace is that it doesn't play by the rules. It covers sin, and it washes away shame. It releases you from self-hatred. You then realize, through grace in Jesus, and believing in Jesus, and agreeing with Jesus, that you evidently were worth dying for.
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