Gav’s trading blog, be inspired by good trades

The Whipsaw Song by Ed Seykota

OK, most of you may have listened to this song by Ed Seykota from other blogs’ links. But, I am going to post it here again, as back up. Man, it is an interesting song. Enjoy. Trading should be fun, like this, no?

Here is the lyrics ( From The Trading Tribe)

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.

From the desk of Tradergav.com

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Tags: Ed Seykota, fun, Music, Trading, wisdom