ED SEYKOTA Interview by Jack Schwager (Market Wizards) Best stock traders.
HTML-код
- Опубликовано: 4 июн 2024
- ED SEYKOTA Interview by Jack Schwager (Market Wizards)
The Market Wizards - Interviews with Top Traders.
Ed Seykota is classed by some as one of the best stock traders in the world alive today. Jack Schwager provides a great interview in his book to unravel the mind and trading strategy of Ed Seykota.
In this animation we provide key points discussed, and determine Ed's stock trading strategy which is a simple trend following, breakout strategy with some other simple moving average criteria.
Ed Seykota proves that a trading strategy does not need to be complex, the opposite is quite true. The concept relies on trend following and good risk management to create a great risk reward ratio, fundamental to a successful stock trading strategy.
The discipline and patience required to follow such a trading strategy is however the most difficult part, Ed shows hows he endures under performing periods, sometimes lasting 3 years. Novice stock traders would likely discard such a system during these periods, and as a consequence lose out on trading returns of 60% + per year.
I hope you enjoy these insights into the mind of Ed seykota.
Links:-
My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U
25% Off Stockopedia - bit.ly/2YIcAIn
Risk/Reward trading spreadsheet - bit.ly/3ea6sl8
My Trading Spreadsheet/Calculator - bit.ly/3ea6sl8
Technical Screener - bit.ly/40S034v
Back test software - bit.ly/3oO1exN (20% Discount code)
My Breakout Scanner - bit.ly/40S034v
My Forum - bit.ly/40S034v
FREE Trading Tools/Software/Stuff - bit.ly/3ea6sl8
My Strategy Blueprint - bit.ly/40S034v
Edgewonk Trade Analysis Software - bit.ly/3xS6S7s Coupon Code = FWISDOM
Stock Trading videos:-
Timing The Market - • You CAN Time The Marke...
Best Chart Patterns - • The Best Chart Pattern...
Trend Following Study - • DOES TREND FOLLOWING W...
Trade Like A Casino - • How to Trade Stocks (U...
Dollar Cost Averaging - • Dollar Cost Averaging ...
Stop Loss vs Buy Hold - • Stop Loss Strategy VS ...
Trading Theory - • Best Trading Strategy ...
Dow Theory - • DOW THEORY - What is i...
Past Bear Markets - • PAST BEAR MARKETS & Ho...
Buy & Hope - • FINANCIAL EDUCATION GO...
Warren Buffet - • WARREN BUFFET Investin...
David Ryan US Champion - • BEST Stock Trading Str...
Trading Expectations - • REALISTIC STOCK TRADIN...
Super Trader - • Dr Van Tharp - SUPER T...
Oliver Kell US Champion - • BEST Trading Strategy ...
The Disciplined Trader - • Video
Kristjan Qullamaggie - • KRISTJAN QULLAMAGGIE -...
Avoiding Drawdown - • AVOIDING DRAWDOWN - In...
Breakout Screener - • CONSOLIDATION BREAKOUT...
MACD Explained - • MACD INDICATOR EXPLAIN...
Risk Reward Ratio - • RISK REWARD RATIO - Tr...
William O'Neil Disciples • Trade Like a WILLIAM O...
Dual Momentun • DUAL MOMENTUM | Moment...
Dan Zanger • DAN ZANGER | Breakout ...
Paul Tudor Jones • PAUL TUDOR JONES - Bil...
Spread Betting Naked Trader • NAKED TRADER'S Guide t...
Martin Schwartz Pit Bull • MARTIN SCHWARTZ | PIT ...
Kelly Criterion • KELLY CRITERION | Ed T...
Timothy Sykes • TIMOTHY SYKES - Tradin...
Think And Trade Like A Champion • MARK MINERVINI THINK A...
Van Tharp • VAN THARP Trade Your W...
Turtle Traders • TURTLE TRADERS STRATEG...
Ed Seykota • ED SEYKOTA Interview b...
Thomas Bulkowski Candlestick patterns • CANDLESTICK PATTERNS b...
Nicolas Darvas • NICOLAS DARVAS Box Tr...
Swing Trading • SWING TRADING STRATEGI...
Lone Stock Trader • LONE STOCK TRADER - Fr...
Mark Douglas • NICOLAS DARVAS Box Tr...
Jesse Stine • JESSE STINE INSIDER BU...
Stan Weinstein • STAN WEINSTEIN - SECRE...
Peter Brandt • DIARY OF A PROFESSIONA...
Mark Minervini • MARK MINERVINI- Trade ...
Alexander Elder • TRADING FOR A LIVING D...
Investing videos:-
Joel Greenblatt - • JOEL GREENBLATT - THE ...
Tony Robbins - • MONEY MASTER THE GAME ...
Robert Kiyosaki - • RICH DAD POOR DAD REVI...
The Naked Trader - • THE NAKED TRADER - Rob...
Common Stocks Uncommon Profits - • COMMON STOCKS AND UNCO...
A Random Walk Down Wall Street - • A RANDOM WALK DOWN WAL...
Vanguard Index Investments - • VANGUARD INVESTMENTS |...
As a professional trader I have consumed hundreds of financial books and endured countless hours of self education. My hope is that this channel will reduce the learning curve duration of many aspiring traders by providing the key information in a concise and enjoyable manner.
I also offer a paid subscription service for those looking to see all my investment decisions.bit.ly/40S034v
Another good one. Thanks Gareth. Plenty of reinforcement of good practice. Key message for me: you have to be passionate about trading. It's not a job or a hobby, it's a way of life.
Absolutely! Thanks William
Ed and myself has something in common when it comes to EMA strategy..the 80/90EMA are the breakout averages..once price enters it never goes back unless there's a black swan to gap down the price.
Likewise although i use the weekly chart, not the daily. Thanks for commenting👍
What EMA crossover are you using?
Market wizard series, thank you!
Our pleasure!👍
Thank you so much :-) all of these are so great.
Thanks a lot 🙏
Great info on Ed's trading style. Thank You
Glad you liked it!👍
Great video again Gareth. Thanks 👍🏻
Thanks Anthony 👍
As far as I know Ed also is an engineer and for sure he is so clever and beyond other traders. The only thing he do not want to explain so much his systems :) Thanks to FW we discovered a little bit more!
Thanks again
thanks
You're welcome!
Definitely deserved more subscribers! Your content are very helpful especially for us newbie traders. Keep uploading please
Thanks Christian, i'll keep trying....
100❤❤
Awesome bro thanks for new one
Welcome 😊
Hello Gareth. Great work. Care to explain the ATR mentioned. How to use it or how was it used by Ed? It went over my head. Thanks in advance.
Thank you ever so much for your valuable advice, the videos are perfectly done and help me a lot 🎉
You are so welcome!
Another great one. Thank you,.
Glad you enjoyed it
THANKS A LOT
Always welcome
Very very nice video sir 👌
I love your video's
Please make video on Richer Wiser Happier book summary
Will try
Excellent choice market wizards ...
Yet to see....But I'm very happy with the choice...🙂👍
Thanks Jemin👍
ขอบคุณครับ
👍
Your video is a great service to those who are ready to make riches beyond the dreams of Babylon trading in financial markets but are unable to read. By letting them know what a book says (synopsis) but still unable to understand it allows their losses to flow to my account. Thank you. Bring them suckers in.
😫
Thanks a Lot man
You're welcome!🙏
Just a question please : 4:48 4 x times the ATR, : it mean closing below a line who represent price minus 4 time athe ATR or 4 close under the price minus one time ATR ?
I am a little confused on this as well. ATR is an indicator, not a moving average. I think a chandelier exit would be the closest thing to work. Thoughts? Love the videos!
Super trend is the ATR points plotted on the chart. Use it and you will know
5) Know when to break the rules.
Yes, subjective...
very soon there will be 100k subs. as a newbie, I learned much more than any other youtube video.
keep uploading. thanks
Thanks, I hope so....
Did he also mention the period of the ATR? 4x ATR of a >> 14-day period?
Hi, waiting for other wizard like bruce kovner and others. Ty
Thanks Edel, in the future no doubt 👍
done
🙏
Please make a video for ride the winners
We have done some trend following...
The trading code - Jason Cam
Please review this one
I can take a look, thanks 👍
I would LOVE to see the chain of trades that took that 5 grand to 15 million. Would be inspirational, as well as give a big aha moment!
I agree, if you ever find that detail let me know and ill present it 👍😉
Financial Wisdom: Believe me, I have searched the internet, but I think Mr. Seykota would never release those records. The closest that I can come to understanding what must be involved with such exponential gains over a sixteen year time period, is when I tried my hand in the futures markets when I was only 22 years old back in 1993. I opened an account with a paltry $2,000, and went on to go long one silver contract (5,000 ounces!), barely having the margin required, at the super-bargain price of $3.725/oz. in mid-March 1993. My plan was to double my position size with my unrealized profits at every 50 cents/ounce increase. (A fools endeavor) Well, to get to the core of my story, I added 1 more contract to my position at $4.25/oz., and went on to endure a bumpy,-emotional roller-coaster ride all the way to about $5.25/oz. at the beginning of August ‘93. My account had an unrealized value of over $10,000 at that point, which equates to a 400% return in 4-1/2 months. On Aug. 5th, I woke up to a major sell-off, and my account was sitting at $5,500, cut almost in half over just one weekend. Even though I still had a great return, I was emotionally devastated, and quit trading futures right then and there. So, moral of my story is to have a strict trading plan, such as Ed Seykota’s, and do those trades that I did, over and over again, without fail, and without emotion.
what is the name of animation program, is very good
Hi Fran - Videoscribe
I hope the next one will be master the markets by tom williams
Hi Waleed, I'll certainly add it to the list, thanks 👍
The letter that follows is an E.👽
If, to date, 36,169 viewers have seen it and none have solved it before me, what does this show you ? It shows that 36,168 are wired differently and not suited for the mission.👽
Very true!
Yes, exactly, not correctly wired for the mission. They think it is a game of snakes and ladders even children can amuse themselves with. Not DRIVEN either. I will give you one example. On another commentary related to market history more than one subscriber asks if the presentation is available as a printed text. Of course it isn't. But it would not occur to either of them to play it with interruptions so they can TAKE DICTATION. Taking dictation of a topic that attracts their interest is too much of an effort, you see ? Or is it that nowadays reading, writing, spelling, punctuation and taking dictation is no longer taught in schools, or what izzzitt ?
Obviously it is laziness.....entitlement....god help us all....if not...our other friends who are properly wired 👽may come to the rescue....but not me.
Excellent
What's your final take away...
Any Systems will eventually change , and that's the growth of the trader...
Please explain...
Thanks Jemin - In my experience...there are a huge array of systems, each with their own merits and profit feasibility. The bottom line is the Risk/Reward/Expectancy metrics. No matter which system you opt for so long as you have a positive expectancy (aka edge) the system is viable. However, the psychology/discipline to be able to stay with the system for the edge to materialise is another matter, hence why most top traders suggest having a system that suits your personality, thus making the psychology aspects easier to control. Hope that helps?
@@FinancialWisdom Yes. Thats a great reply ...
That's why I have chosen options ..🙂👍
Great!👍
Cut Losers Run Winners Priceless but how many Times Losers become Multibaggers & Winners become Losers much easier said than Done
Hi A G, We have to look at it based on probability over a large sample of trades, not all will win and not all will lose, some times we miss out but cutting too early and sometimes we reduce losses by getting out at the right time.
But in terms of probability, if we skew the odds in our favour to promote positive risk/reward, you can achieve great returns.
Cut your losses! Maybe you have a chance!!
Good stuff, new subscriber here. Question: Wouldn't a $1,000 initial investment that averages 60% returns a year end up ~$110,000 after 10 years? How are you coming up w/ 350K? Thanks.
Hi Zorba, you are absolutely right, just under 110k.. not sure what i did there?? doh
@@FinancialWisdom No worries, you're added value in this space.
Who is narrating this? Anyone know?
Ummmm me 😃
@@FinancialWisdom subbed, excellent stuff
Traders make lot of money, but the value investors make wealth.
I guess...
@@FinancialWisdom He does not watch your videos. I guess ...
Algos, passive investors, dark pools, Govt/Central Bank/regulator interference, etc... have changed the way markets function.
Fundamental investing alone w/o risk management, position sizing, etc... is a fool's errand. You can't predict the future.
Even a global macro approach w/o price consideration can't time the markets. The opportunity cost is huge! Sometimes it takes months or years for obvious issues to be reflected in the price.
I love your channel but Ed is a futures (not stock) trader
Very true, principles no doubt similar..
I thought so. If you look at the best Forex traders the returns are in the 50 to 100% area. Meanwhile Future traders will be in the 90 to 1000% and more.
I don't know why misleading title of interview...
Sorry Umesh, the book reviewed was based on interviews.
you must already be pretty wealthy to weather a 3 year sideways-streak...
My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U
My Breakout Scanner - bit.ly/3ea6sl8
My Forum - www.financialwisdomTV.com/forum
My Strategy Blueprint - www.financialwisdomtv.com/plans-pricing
Edgewonk Trade Analysis Software - bit.ly/3xS6S7s
Stock Screener & Backtesting - bit.ly/3oO1exN (20% Off Code = FWSDM)
Stockopedia - bit.ly/2YIcAIn (25% Discount)
Now look at this....don't just see it...like a cow watching a train go by....I mean look at it properly..... Again, with 78.1 thousand subscribers and 36,325 views everybody except me obviously overlooks the significance of the obvious.....OTTFFSSE...the letter that follows is E. Why ? The letters represent rises and falls in a price sequence.= rising 5 points - falling 14 points - rising 13 points and then falling 14 points...So what does it indicate ? It indicates a price sequence in a falling market doesn't it ? Simple...but no one ventures to crack it. 👽
What?
The Overrated book