The Trading Tribe
Ed Seykota's FAQ
Home | Send Mail to FAQ | Resources | Ground Rules | FAQ Index


Govopoly in the News
TT_Chartbook
TT Relationship Principles




Contributors Say Ed Says
Reply Template

 

Text

Attribution

Sep 20, 2015

Therapeutic Risk

Hi Chief,

I constantly advertise my Tribe meeting in local community. I often get a lot of "like"s but rarely get people on board. Yesterday I get likes and one local leaves a message about her concern:

"Is there a professional trauma focused cbt therapist leading your group? Please be careful enacting and reliving emotional childhood trauma without a professional in the mix. I only share my concern because I was recently trained in this and it is very serious."

I know there's risk to have strangers coming to my Tribe, and my house. There might be people with mental conditions too. I thank her for sharing her concern. I feel unwillingness to explain in detail how we run the meeting and how we work until a satisfied closure of the process. I feel some fear to engage an argument or a competition against mental health professional, in public.

Now I am having the feeling about how far my Tribe sets its boundary in the mental health or self growth territory. I also feel a little uncertain or guilty for how this Tribe technology might make main stream mental health professionals feel.

Later I feel some relief, since from my experience of recruiting Tribe members, I start to see that TTP is never going to make a main stream psychology training technology for adults. Lack of commitment and willingness keep almost all adults outside of Tribe. Most people are happy where they are, even they claim they don't. As you say, everybody gets what they want. Crazy Tribe fellows are rare to find.

Thanks,

Thank you for raising this issue.

TTP does not make any claim to provide any kind of therapy - other than to organize what friends normally and naturally do when they get together to talk over their issues.

Additionally, TTP includes frequent willingness testing and does not include payment for services.

I prefer to leave formal therapy to formal therapists.

You might consider asking your new therapist friend how she feels about non-professionals (having no therapeutic training or certification) getting together to talk about their lives.

You might also ask her how she protects her clients from her inadvertently transferring her own problems to them during therapy sessions - such as her fear of allowing feelings to go "out of control."

You might also ask her how she sets up role-playing exercises for her clients to practice using new skills and insights.

If she asks to join your group, you might consider asking her to write an essay demonstrating her grasp of the fundamental principles of TTP.

Sep 17, 2015

Premature Report of the Death of Trend Following

Hi Ed,

Thank for continuing your great site. As a trend following trader for many years I am not about to join the 'trend following is dead' bandwagon. However I would love to hear your opinion on the following postulate in the light of comparatively disappointing trend following results since the great recession:

'Trend following requires free markets and price volatility, but both have been compressed by central bank manipulation and low inflation/deflation. Trend following returns are unlikely to return to earlier levels until these situations change.'

with thanks and best wishes,
Thank you for raising this issue.

In my book, Govopoly in the 39-th Day, I show how we might expect inflation, occuring as a series of price bubbles - with more volatility both on the up and down sides.

The clips below, from my site, might address your postulate with a couple recent counter-examples.

Disclaimer: The examples below do not imply any kind of recommendation to buy, sell, hold on to or stay out of anything.


Live Cattle - Down 20%

http://www.seykota.com/TT_Chartbook/futures/Default.HTML



Rough Rice - Up 30%

http://www.seykota.com/TT_Chartbook/futures/Default.HTML

Sep 17, 2015

The Keeper of the List

Dear Ed,

In an interview, a very successfull trader says "I feel that higher laws and rules govern much of my trading. There is a higher law that commitment and service favor performance. There is a higher law that greed and selfishness impede it".

I wonder if you can comment, in your view, the moral aspects of trading or, if you prefer, of making money in the markets.

Kindest regards,

Thank you for raising this issue.

I do not see, in your email, a list of your trader's laws and rules.

You might consider addressing your follow-up question directly to the keeper of the list.
Sep 17, 2015

Wants to Know What to Do

Dear Mentor,

What strategy of trading do you recommend I study? Fundamental or technical. If technical, what techincal methods can you recommend me to study.

Warmest regards,

Thank you for raising this issue.

You might consider taking your feelings about <having someone else tell you what to do> to Tribe.

Sep 16, 2015

Positive Inention of All Feelings

Ed,

New research seems to confirm some of the central tenets of TTP. To win, experience all your feelings.

"In fact, anger and sadness are an important part of life, and new research shows that experiencing and accepting such emotions are vital to our mental health. Attempting to suppress thoughts can backfire and even diminish our sense of contentment."

" They found that those who often fought against intrusive alcohol-related thoughts actually harbored more of them. Similar findings from a 2010 study suggested that pushing back negative emotions could spawn more emotional overeating than simply recognizing that you were, say, upset, agitated or blue."

http://www.scientificamerican.com/article/negative-emotions-key-well-being/

Thank you for sending me the link.
Sep 16, 2015

Wim Hof Interview

Ed,

You might like this video about some intense breathing technology.

http://www.highexistence.com/the-wim-hof-method-revealed-how-to-consciously-control-your-immune-system/
Thank you for sending me the link.
Sep 16, 2015

Jim Simons Interview

Ed,

You might like to share this interview with your readers.

http://www.ted.com/talks/jim_simons_a_rare_interview_
with_the_mathematician_who_cracked_wall_street

Thank you for sending me the link.
Sep 16, 2015

Collective Intention

Dear Chief Seykota,

I recently watched a news story regarding the Egyptian billionaire, Naguib Sawiris, who is attempting to buy an island to home the Syrian refugees. My heart was warmed by his reasoning for taking action. After seeing images of Ayian Kurdi, the 3 year old Syrian boy who drowned with his mother and brother, he said, "This was the moment of what I said -- I mean I cannot just sit like that and just do nothing, you know, and pretend it's not my problem."

It reminds me of something you once pointed out, indicating that we all have a part in what transpires, and it is our collective intention that the world is the way it is. Thank you for being there to teach me so much, and remind me that in even a small way, I can help people who suffer like this. Hopefully I did not mischaracterize what you said.

Sincerely,

Thank you for sharing your insights and for acknowledging me.
Sep 14, 2015

Trading Research Projects

Hi Ed,

I listened to the Michael Covel / Mark Sleeman podcast recently. In it Mr. Sleeman said you were/might be receptive to guiding trading research projects. Is this the case?

Thank you,

Thank you for raising this issue.

Yes, I gather that, in this case, Mr. Sleeman says that.

On a relating topic, I occasionally coach research projects, depending on the research objective and on the enthusiasm and sincerity levels of the researcher.
Sep 13, 2015

Type O

Dear Ed,

I smile as I read the FAQ contribution from the "typo-spotter" who unabashedly admits his glee in catching you making a mistake. I admire the willingness to admit the same feeling that I have felt but not shared.

So perhaps you can imagine my glee when I notice a multitude of typos, in both the letter and your response!

1) In your statement that the letter-writer quotes to reveal your typo (missing the letter "l" in the word "let"), there is another typo not noted: you use the word "later" where I believe the proper word would be "latter".

2) The letter-writer includes three typos in his or her own letter: omits the word "a" from the phrase "this is a basic error"; omits the "r" from the word "your" in the phrase "find errors in your work"; and misspells the word "compliment". When one sends a typo-spotting letter one makes very sure not to include more typos! (Watch there be a typo in my letter too!)

3) Finally, in the most fun catch of all, I see that you include a typo in your response to the typo-spotter! This typo is a multi-purpose typo, in that it could either be a plain word repeat (in the caption to your graphic you repeat the word "for"), or it could be a misspelling of the number of bonus points (redeemable "for four" bonus points).

Of course you may have simply planted it there in your own inimitable style of humor, just to see what we all did with it.

In any event, this letter and your response provided an enjoyable moment for a veteran typo-hunter.

I think I may have earned more than four bonus points...just sayin'.

Fondly,

Thank you for helping to keep me on the path.

I include, below, your four bonus points.

[ . . . . ]
Sep 14, 2015

Quality Assurance

Hi Ed,

I hope you are well and I hope my email accounts are no longer spamming you or anyone else.

I noticed something strange in your FAQ response titled: "Feelings about System Following", dated, Aug 28, 2015

I believe you might mean to say:

"The former may accept their feelings, (let, instead of et) them pass and stay with the process; the later may resort to tinkering with the system in an attempt to avoid having to repeat incurring the feelings."

I know this is basic error, and anyone would have spotted it, but I feel excited to finally spot an error, like I score a point or something.

I always feel envious of others who manage to find errors in you work.

To find errors in your work is a really great challenge which is a complement to you and a great example to me.

Warmest regards,

Thank you for catching the typo and for sharing your process.


Bonus Points

Fully redeemable for
for more bonus points.

http://www.terracycle.pr/en-PR/pages/earn-bonus-points.html


Sep 13, 2015

First Mumbai Tribe Meeting Report

Dear Chief,

We had our first Tribe meeting in Mumbai this Wednesday.

There are 4 of us from the new Tribe and 5 from the old Mumbai tribe. All the old Tribe members are very supportive and encouraging. It is very heart-warming. I feel very fortunate to have such a wonderful support system.

Everyone gets together at my place around 6:30 PM. We have a round of introductions where each one of us talks about himself and his background. At this time one of the new members becomes hot and we have an impromptu process. The sender is not willing and engages in story-telling for 20-25 minutes. The process comes to end.

Our mentor, [Name]i, then shares his knowledge about TTP and how the meeting usually proceeds. We break for food and refreshments.

We re-assemble in the room and begin a drum session. It is amazing how everyone manages to fall in sync with each other and produce a natural beat.

After the drum session, our chief suggests that I take the hotseat with an issue I had discussed over the phone. I have chronic upper back pain since the last 5-6 years and I want to address that in the meeting.

I start with a form where I rub a spot in my upper back that hurts a lot. The pain moves up to my neck. I feel a lot of aggression and anger. The field of acknowledgement makes me feel comfortable. I move down to the floor and continue with different forms. My body naturally contorts into a foetal position. I feel that I am floating in a liquid with red walls around me and I see bright light above me. The pain moves from my back and neck to the top of my head. I believe I am re-living the moment of my birth. (I can't seem to understand what the significance of this occurrence is. Could you explain why this happened?) The process manager is continually guiding me. I feel angry and helpless. The back pain starts again and I feel like killing it. It is then that I realise that the more I want to kill the pain, the more its intensity increases. All I need to do is accept the pain. I burst out laughing at this realisation. I lie down for some time and then come back to my seat feeling calm.

The process continues, I feel anger and resentment rise up again. I get this image of the martial arts class where I first got this injury. I blame the instructor for not being attentive enough. The chief suggests that we conduct the rocks process and role-play the whole situation. We role play the situation before and after the heart rock is given to me. I feel lighter and happier. I release all members from their roles and thank them for their support. My whole process lasts for 1 ½ to 2 hours.

During the check-out, all the old Tribe members note that the new members are very receptive and open to expressing themselves. We feel good about it.

Some of us new members stay back after the others leave and we discuss our next steps forward.

The first Tribe meeting is an enlightening experience for us. We are very thankful to you and all the Tribe members who are helping us.

Regards,

Thank you for sharing your process and for documenting your meeting.

Per your back pain, you might consider taking your feelings about <supporting others / receiving support from others> to Tribe as an entry point.

To Top of Page