VAN K. THARP ON ED SEYKOTA

ED SEYKOTA ONCE TOLD ME THAT HE TAUGHT A COLLEGE COURSE IN TRADING THAT LASTED 10 WEEKS.  HE SPENT THE FIRST WEEK OF THE CLASS TEACHING BASIC INFORMATION ABOUT TRADING.  HE THEN SPENT ANOTHER WEEK TEACHING THE CLASS DONCHIAN’S 5&20 TRADING SYSTEM.  HOWEVER, HE NEEDED THE REMAINING 8 WEEKS OF THE CLASS TO CONVINCE PEOPLE TO USE THE SYSTEM HE HAD TAUGHT – TO GET THEM TO WORK ON THEMSELVES ENOUGH TO ACCEPT THE LOSSES THAT IT WOULD GENERATE. -  VAN K. THARP

From "Trend Following - How Great Traders Make Millions in Up or Down Markets" by Michael W. Covel