Trend following is an exercise in observing and responding to the ever-present moment of now
Ed SeykotaThe trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules.
Ed SeykotaPsychology motivates the quality of analysis and puts it to use. Psychology is the driver and analysis is the road map.
Ed SeykotaFundamentals that you read about are typically useless as the market has already discounted the price, and I call them โfunny-mentalsโ. However, if you catch on early, before others believe, you might have valuable โsurprise-a-mentalsโ.
Ed Seykota