Ed Seykota & Trading Tribe Ideas on Avoiding Losses when Trend Following

If you want to improve your trading -one on one mentoring- Free 30 minute consultation to see if I can assist you- [email protected] www.trendfollowingmentor.com Ed Seykota turned $5,000 into $15,000,000 over a 12 year time period in his model account - an actual client account. He is a trend following legend.I was speaking to a potential student and he asked me if I can teach him how to avoid losses.This is the subject of todays short youtube video. Ed Seykota "" Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible." Get your free 40 page trend following ebook www.trendfollowingmentor.com Look for my upcoming book The Bible of Trend Following -How Professional Traders Compound Money and Manage the risks. http://eu.wiley.com/WileyCDA/WileyTitle/productCd-1118407741,descCd-buy.html http://www.amazon.com/The-Trend-Following-Bible-Professional/dp/1118407741/ref=sr_1_1?ie=UTF8&qid=1352840097&sr=8-1&keywords=the+bible+of+trend+following Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts, commodity options or forex can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. This website contains references to hypothetical trading results This website contains references to hypothetical trading results. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS