Market Legend Ed Seykota's 6 Top Trading Rules 👍
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- Опубликовано: 19 окт 2024
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Powerful Trading Tips by Trend Trader Ed Seykota www.financial-s... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Ed Seykota's trading rules. Ed was a legendary trend trader.
mechanical trading
Top Trading Tips From Market Legend Ed Seykota
1) He used a system that fit his personality. There is no point in becoming a scalper if you don't like that quick decision-making and staring at a screen for a long time. Likewise there is no point in becoming a swing trader if you don't like taking decisions slowly and methodically.
2) He kept losses super small. You need to cut losses quickly within reason.
3) He used mechanical systems to get long in bull markets and he would follow trends.
4) He did not watch price action all day. His decisions were made at market close.
5) He used stops and trailing stops. He used physical stop losses but also moved stops as the trend continued.
6) He used 1% risk per trade. Speculate with only a small part of your net worth.
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The 10 most imortant rules I learned are:
1. Don't over leverage.
2. Don't over leverage.
3. Don't over leverage.
4. Don't over leverage.
5. Don't over leverage.
6. Don't over leverage.
7. Don't over leverage.
8. Don't over leverage.
9. Don't over leverage.
10. Don't over leverage.
Great comment about waiting for the market close. As a Forex trader working off the daily, i had a bad habit of being impatient, i kept looking at the charts and then placing a trade before the candle had finish forming,.. only for it to change thus invalidating my entry criteria. Great videos by the way, loving the varied content,...keep em comin
“using a system that suits your personality”, I can completely concur with this, I trade sports markets & I completely suck at one sport but find I’m able to read another much much better, I guess the videos you post on here should resonate with trading across the board whether it be financials or sports.. it’s all about sentiment, any comments welcome, if you’re able to post a video on alternative trading (i.e. sports) that would be most welcome
Very good video. Thanks for laying out those rules so clearly.
This is a wonderful video. The key is to be trading with so little money that if you make a profit it doesn't matter and if you lose it does matter because the loss or gain is very small compared to your total assets. The hope is that if you keep on trading and are making more money when you win than when you lose and win more times than when you lose IF YOU KEEP ON TRADING those small continual and steady profits grow substantially due to compounding and time. GREAT VIDEO. THANK YOU.
All I need to know here's a big THANX 1:24
Great video, thanks a lot!!
İ loved thia video sooo muchh thank you again
Thank you from Turkey. I love so much your teaching. can you sumarize some terading books or taxtics or profoteional day trader
how much do you personaly risk per trade?
Forwarding this to Mark but I think he uses variable position sizing i.e. risking more when the conditions are right.
@@ukspreadbetting i dont think this is right to do
Please check some of these videos to understand how Mark reasons about position sizing: ruclips.net/user/ukspreadbettingsearch?query=fixed+or+variable+position+sizing
Good one!
like work out what works out for me