Back in the early 1990’s I attended a seminar to learn about trading techniques. The star of that seminar was a man named Ed Seykota.
I wasn’t too interested in the other speakers, and Ed was the last speaker on the second day of the seminar.
Here’s what he said…
“We all get what we want out of the market. Some people crave excitement. Some people want to have drama. Others want to play a victim and some {only very few} want to win. It’s all available right in the market for you as a trader to experience.”
Here’s his big wisdom on becoming a super trader…Drum Roll please….”Ride your Winners, Cut Your Losses, Manage your risk, Stick to your system, File the news in the rubbish.”
I thought to myself, “WTF, what’s the secret though..I didn’t waste $2,800 and a couple of days of my time to listen to platitudes and eat $hitty food…I want the secret sauce.”
So I approached Ed and asked straight out…
“What is the key to trading successfully? What is your key concept that I can model?”
Here was his reply. “Tom, your way will find you if you keep at it.”
Now I was even more frustrated!
I said, “Everything I studied and tested with new data sets fails! What’s your approach? Do you want a Free Assistant? I will quit my job and work with you for FREE.”
Ed replied “Tom, you have a great job and salary, stay and keep searching for your way. You are on the right course it will take time and PATIENCE.”
“Okay Ed, you want to keep your system to yourself. I understand that. However, this seminar advertised you were going to reveal the ways of the trading tribe!”
“I just did Tom, I revealed the ways of the Trading tribe’s philosophy.”
He could read the disappointment in my face. He asked, ” Do you really want to know how I approach trading Tom?”
“Of course, that is why I am here, I came to see and learn from you.”
“Here is the super secret sauce you are looking for. Write this down and study it and apply it every day.”
I got my pen ready to jot down a secret math solution to Pi…
“Trading is seeing things that appear they are NOT going to change, they are never going to be different from the way they are……UNTIL they are.”
— Dumbfounded look on my face —
“Have you ever watched a river flow? It is seeing the river flow in one way forever——- unless it flows some other way. The clouds will go East until they don’t, the Sun will rise until it doesn’t. All attempts to change the NOW or find an answer why, fall away as you become aware of this. At the deepest level, all there is to do is observe, observe the now, look for changes.”
In time I finally understood. It was all about spotting the subtle changes.
That’s what Tao of Price does.
It gives you a system for finding the subtle changes.
Most trading systems are playing catch-up. They’re simply trying to jump on the market after it is already moving.
That’s why they’re consistently too late. You jump on and the market immediately changes direction.
You have to spot the subtle changes that predict market movement.
Tao of Price gives you a shortcut to consistently spotting those changes…
Download it here!