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You get exactly what you want out of the market

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The quote was originally by Ed Seykota, one of the pioneers of automated trading systems:

"Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money."

(From, quoting from Schwager, Jack D. (Editor), Market Wizards, HarperCollins (1989), page 172)

Personally, I think it sounds like it has a profound meaning, so people read a lot into it. It looks like he just meant what he said: some people want to lose, so they do.

(This actually could be taken as profound too, in a different way. )

It's sort of like one of those Zen things. You can get anything out of it if you stay with it long enough....

(More on Seykota: )


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