![]() Sometimes, I take profits when a market gets wild. I normally move these stops in to lock in a profit as the trend continues. “I set protective stops at the same time I enter a trade. ![]() “Risk no more that you can afford to lose, and also risk enough so that a win is meaningful.” “If you can’t take a small loss, sooner or later you will take the mother of all losses.” “Before I enter a trade, I set stops at a point at which the chart sours.” Being bullish and not being long is illogical.” I turn bullish at the instant my buy stop is hit, and stay bullish until my sell stop is hit. “If I am bullish, I neither buy on a reaction, nor wait for strength I am already in. ![]() “In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3) picking a good spot to buy or sell.” He has parameters for proper position sizing, volatility filters, and optimizes his strategy for large wins and small losses. Ed Seykota is a trend following trader that uses reactive technical analyses through quantified trading signals to capture large profits during trending price action. ![]()
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