Ed Seykota Quotes
Ed Seykota
Ed Seykota is a renowned American trader and investor who is widely regarded as one of the pioneers of computerized trading. He is best known for developing the first computerized trading system in the 1970s and for his successful trading career. He is also credited with developing the concept of tr…Read More
Ed Seykota is a renowned American trader and investor who is widely regarded as one of the pioneers of computerized trading. He is best known for developing the first computerized trading system in the 1970s and for his successful trading career. He is also credited with developing the concept of trend following, which is a popular trading strategy used by many traders today. Seykota has written several books on trading, including Trading Systems and Methods and The New Market Wizards. He is also a sought-after speaker and has given lectures at various universities and trading conferences.Read Less
Ed Seykota is a renowned American trader and investor who is widely regarded as one of the pioneers of computerized trading. He is best known for developing the first computerized trading system in the 1970s and for his successful trading career. He is also credited with developing the concept of trend following, which is a popular trading strategy used by many traders today. Seykota has written several books on trading, including Trading Systems and Methods and The New Market Wizards. He is also a sought-after speaker and has given lectures at various universities and trading conferences.
12 Top Ed Seykota Quotes
Ed Seykota Career Highlights
Ed Seykota is a well-known American investor and pioneer in the field of computerized trading systems. He is best known for his successful career as a trend follower and for his contributions to the development of the Commodity Trading Advisor (CTA) industry.Seykota began his career in the early 1970s as a trader for a brokerage firm in Chicago. He quickly became interested in technical analysis and began developing his own trading systems. In 1974, he joined forces with fellow trader Michael Marcus and formed the Commodities Corporation, a highly successful CTA firm.
Key Contributions by Ed Seykota
Seykota’s biggest contribution to the world of trading is his development of computerized trading systems. He was one of the first traders to use computers to analyze market data and make trading decisions. This approach allowed him to identify and capitalize on trends in the market, leading to his success as a trend follower.In addition to his pioneering work in computerized trading, Seykota also developed the concept of risk management and position sizing. He believed that managing risk and controlling the size of positions was crucial to long-term success in trading.
What Sets Ed Seykota Apart
What sets Ed Seykota apart from other traders is his unique approach to trading. He was one of the first to use computers to analyze market data and make trading decisions, which was a revolutionary concept at the time. He also focused on risk management and position sizing, which was not a common practice among traders at the time.Seykota’s success as a trend follower and his ability to adapt to changing market conditions also sets him apart from other traders. He was able to consistently generate profits by following trends and adjusting his strategies as needed.
Takeaways
Ed Seykota’s career and contributions to the world of trading offer several key takeaways for aspiring traders. His use of computerized trading systems and focus on risk management and position sizing highlight the importance of utilizing technology and managing risk in trading.Seykota’s success as a trend follower also emphasizes the importance of adapting to changing market conditions and being flexible in one’s trading strategies. Overall, his career serves as an inspiration for traders looking to achieve long-term success in the markets.
Other People
Fur trader and politician
· USA
1822
Trader
1959
Trader
1944
Trader
· Hungary
1920
