Arts and Entertainment > Humanities > Ed Seykota
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Article rating : 0.00, 0 votes. Author : Mark Crisp
Markets: Futures
Contact: Undisclosed. (I do have his e-mail address but it would be unfair to disclose it.)
Results:
Undisclosed but thought to be up there with the VERY best. He has made some of his managed account holders into multi-millionaires from small initial investments.
Featured in the books "The Market Wizards I and II"
Although completely unknown, not only to the public, but to most of the financial community as well, Ed Seykota's achievements must certainly rank him as one of the best traders of our time. In the early 1970s, Seykota was hired by a major brokerage firm. He conceived and developed the first commercial computerized trading system for client's money in the futures markets. His system proved quite profitable, but interference and second-guessing by management significantly impeded its performance. This experience provided the catalyst for Seykota going out on his own.
In the ensuing years, Seykota applied his systematized approach to trading a handful of accounts and his own money. During that period, the accounts Seykota managed have witnessed an absolutely astounding rate of return. For example, as of mid-1988, one of his customer's accounts, which started with $5,000 in 1972, was up over 250,000 percent on a cash-to-cash basis. WOW!
Seykota works from an office in his house on Lake Tahoe. His trading is largely confined to the few minutes it takes to run his computer program, which generates signals for the next day.
So, don't let any one ever tell you trading cannot be mechanical and you must spend hours per day managing your trading accounts. Ask Ed Seykota.
Mark Crisp
The Momentum Stock Trader
http://www.stressfreetrading.com
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