Ed Seykota
Trend Following Pioneer with 250,000% Returns
Ed Seykota
Momentum Growth
Key Stats
Net Worth
$100+ Million
Origin
American
Lifespan
Born 1946 (80 years old)
Biography
Ed Seykota is a pioneer of computerized trading systems and trend following. He reportedly turned $5,000 into $15,000,000 over a 12-year period—a return of approximately 250,000%.
Computerized Trading Pioneer
In the early 1970s, Seykota was one of the first traders to develop and test computerized trading systems. He created mechanical trend-following strategies that removed emotion from trading.
The Trading Tribe
Seykota is also known for his work on trading psychology through "The Trading Tribe" process, which helps traders identify and resolve emotional issues that interfere with their trading.
Influence
Ed has mentored many successful traders, including Michael Marcus, who went on to make legendary returns himself.
Trading Philosophy
"Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money."
Famous Trades
Commodities
Turned $5,000 into $15 million using systematic trend following strategies.
Legendary Returns
+250,000%
Legendary Quotes
"Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money."
"The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses."
"Fundamentals that you read about are typically useless as the market has already discounted the price."
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