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The Whipsaw Song

January 31, 2009

Ed Seykota turned $5,000 into $15,000,000 over a 12 year time period in his model account – an actual client account. Ed is self-taught, but influenced early on in his career by Richard Donchian. He is a commodities and futures trader and a Trend Follower.
He has served as a teacher and mentor to some great traders including Michael Marcus, David Druz, Jim Hamer, Jason Dekker and Michael Stephani of Dekker Capital Management and Jason Russell of Salida Capital.
What makes Ed especially unique is his continual self-examination and commitment to studying the psychological components of trading while also helping other traders achieve their potential.

You get a whip and I get a saw, honey
E7
You get a whip and I get a saw, babe
A A7
You get a whip and I get a saw

D7
One good trend pays for ‘em all.

A E7 A
Honey, trader, ba-by mine.

Banjo (Ride Your Winners):
What do we do when we catch a trend, honey … etc.
We ride that trend right to the end.

Mandolin (Cut Your Losses):
What do we do when we show a loss, honey … etc.
We give that dag-gone loss a toss.

Fiddle (Manage Your Risk):
How do we know when our risk is right, honey … etc.
We make a lot of money and we sleep at night.

Guitar (Use Stops):
What do we do when the price breaks through, honey … etc.
Our stops are in so there’s nothing to do.

Bass (Stick to the System):
What do we do when a draw down comes, honey
What do we do when it gets real big, babe
What do we do when it’s even bigger …
We stick to the plan and pull the trigger.

Banjo (File the News):
What do we do with a hot news flash, honey … etc.
We stash that flash right in the trash.

The last line had me laughing.

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