Ed Seykota turned $5k to $15M in just 12 years.

Here are 20 of Ed's key quotes & takeaways to maximize your trading returns 👇🧵

"If you can’t take a small loss, sooner or later you will take the mother of all losses."

"Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible."

"Having a quote machine is like having a slot machine at your desk – you end up feeding it all day long. I get my price data after the close each day."

"In order of importance to me are:

1) The long term trend
2) The current chart pattern
3) Picking a good spot to buy or sell"