Legendary trader Ed Seykota took a $5,000 account and turned it into $15M in 16 years. He shares the 5 trading rules that contributed
From smarternewsnow.com
With a staggering loss, Ed Seykota, a legendary stock trader profiled in Jack Schwager‘s classic “Market Wizards” series, entered the market fray the way most neophytes do: haphazardly. “In the late 1960s, I decided that silver had to rise when the US Treasury stopped selling it,” he told Schwager. “Much to my amazement and financial detriment, the price started falling!” He added: “Soon my stop got hit.” But the initial shock and awe that arrived hand in hand with Seykota’s loss didn’t go unavenged. His less-than-stellar first go-round kickstarted a quest to carve out a systematic process he could entrust. “About ...
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