Fundamentals 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 SeykotaWin or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.
Ed SeykotaIt is a happy circumstance that when nature gives us true burning desires, she also gives us the means to satisfy them. Those who want to win and lack skill can get someone with skill to help them.
Ed SeykotaI think that if people look deeply enough into their trading patterns, they find that, on balance, including all their goals, they are really getting what they want, even though they may not understand it or want to admit it.
Ed Seykota