Market Legend Ed Seykota's 6 Top Trading Rules 👍

Powerful Trading Tips by Trend Trader Ed Seykota http://www.financial-spread-betting.com/strategies/strategies-tips.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Ed Seykota's trading rules. Ed was a legendary trend trader.
mechanical trading
Top Trading Tips From Market Legend Ed Seykota
1) He used a system that fit his personality. There is no point in becoming a scalper if you don't like that quick decision-making and staring at a screen for a long time. Likewise there is no point in becoming a swing trader if you don't like taking decisions slowly and methodically.
2) He kept losses super small. You need to cut losses quickly within reason.
3) He used mechanical systems to get long in bull markets and he would follow trends.
4) He did not watch price action all day. His decisions were made at market close.
5) He used stops and trailing stops. He used physical stop losses but also moved stops as the trend continued.
6) He used 1% risk per trade. Speculate with only a small part of your net worth.

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