Seykota defines "integrity" as keeping your agreements with yourself. If you set a stop loss at $100 and move it to $150 because you are scared, you have broken an agreement. Your P&L will reflect this broken integrity before the market even moves.
The Ed Seykota Trading Tribe Book offers a wealth of information and insights for traders of all levels. Some of the key takeaways from the book include: Ed Seykota Trading Tribe Book Pdf -2021-
If you want a PDF from 2021 that discusses Seykota, look for: Seykota defines "integrity" as keeping your agreements with
Seykota's mechanical rules are simple: Buy strength, sell weakness, use volatility-based stops. But the psychological rule is harder: Trust the trend even when it feels stupid. The Tribe exists to help you hold the position when your ego screams "This is too high to buy." The Ed Seykota Trading Tribe Book offers a
: If a trader’s internal goal is excitement rather than profit, they may "win" at achieving excitement while losing their capital.