Ed Seykota

Ed Seykota Gives 12 Price Action Trading Quotes

Salvatore Spaeth Risk Leave a Comment

Ed Seykota was one of the traders profiled in Market Wizards. His actual interview was packed with trading wisdom, but it was notable his name kept coming up in the inerviews of other of the Market Wizards as well. He was a big influence on other traders back then, and he still is today. His penetrating insight that “everybody gets …

stop loss

Stop Loss And Position Sizing: The Keys To Capping Risk And Trading Successfully

Salvatore Spaeth Risk Leave a Comment

Setting a stop loss to define your risk on every trade you take should be a no-brainer, but apparently it’s not. Many people, still, are content to trade the markets without a stop loss. Many more, while using a stop loss are happy to move it to keep the trade alive, which is almost as bad. It is (kind of) …