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Jun 13, 2017

Worse Things

Hi Ed,

I like to hear your thoughts on this [news article about "cultural approbation"], and the subsequent deletion of the newspaper's original blog post.  Does this portend of worse things to come for society in general?

Thank you for raising this issue.

In my book, Govopoly in the 39th Day, I show how the Govopoly System assimilates the  Free-Competition Sector.

You might notice the media increasingly merging reporting with editorializing and propagandizing

I choose to observe such trends rather than label them as better or worse.
Jun 12, 2017

Heart Rock

Dear Ed,

I would like to report that Heart Rock continues to work for me and that variations of the processes I learn at the Workshop, as part of the San Juan Tribe and with the "virtual" Tribe help me feel and live with greater clarity and purpose.

A few days ago I have a chance to role-play what I anticipate will be a stressful upcoming event.  The role play takes place over a phone call with one of our fellow Tribe members.

Even though we are thousands of miles apart, we are able to get into a drama where he plays the role of the antagonist and I have a chance to experience my feelings and to choose how I will react to insults and other verbal attacks. I choose Heart Rock and practice sharing how I really feel instead of defending / fighting back. It feels right.

Later that day when I am in the middle of the encounter we have rehearsed in role play, I am able to use Heart Rock and the result is good. I feel that my behavior and feelings are in alignment. I have clarity.

I notice that my partner's role play is almost an identical match for what my real-life antagonist says even though they have never met. It is uncanny!

Thank you.
Thank you for sharing your process.
Jun 12, 2017

Meeting New People

Hi Ed,

... I feel like I'm so low in consciousness or so in the dark that you cannot reach me. When You replied to my email I had a friend of my dad's come over to the resort to measure the land for building a resort / condominium. I find that some people are more connected to others and can see more than what some people see. I think Jack Schwager mentioned it in one of his books that some people (in his example, Market Wizards) have gotten so good that they become like the eye on top of the pyramid.

That's what I want to be. I don't know how to express that in other ways.

Before, I find myself delaying and eating trail mix instead of writing.

I find myself currently on the island of [Island], in a town named [Town]. My dad owns a small resort here that he is currently entrusting me with.

He also owns the assets of a dive shop who he entrusts someone else to run. They split the profit 50/50. I'm supposed to let people keep running things the way they're running them and not rock the boat. However when I do this I find that I diminish myself and my own capabilities and I wind up confused and not knowing what to do.

When I'm here I feel a bit isolated, so I'd like to thank you for choosing to connect with me.

What I want to change about my situation. Currently I'm new in town, I'd like to meet some more people​ peop ...

As I wrote the above a couple of days ago it instantly happens. Instead of writing I stopped and went around outside and found three new people to have coffee with.

Don't know if you had something to do with it or not ...

Thought I would report my progress.
Thank you for sharing your process.

Jun 11, 2017

A and B

Hello Ed,

On your Market Wizards interview, answering the question "How did you know when systems need to be changed?" you say "Systems don't need to be changed. The trick is for a trader to develop a system with which he is compatible."

Say there are two systems: A and B.
System A makes money over time.
System B is identical to system A, except for the fact that when system A produced a buy signal, system B produces a sell signal, and vice-versa.

If system A makes money, a "mirrored" system, such as B, would by definition lose money.

A trader employing system B would (and should!) look to change the system used.

Logically there are winning and loosing systems. The proposition that a system may need to be changed is therefore a true one, is it not?

Thank you.

Kind regards,
Thank you for raising this issue.

Say you (A) put some cash in a bank savings account and earn some interest; the bank (B) receives the cash and pays interest.

You might notice that while A and B appear opposite, both parties might experience winning.

Say you grow some livestock and (A) sell it forward on a futures exchange; simultaneously, a supermarket (B) buys the same contract forward to hedge his margins.  Both parties feel they win. 

Or, perhaps more to the point, say you have some system that normally rides winners and cuts losers and you have a deep need to win arguments with the market. You don't like the feeling of having to acknowledge making "wrong" trades - so you override your protective stops and let losses run.

You might consider taking your feelings about <winning arguments> to Tribe as an entry point.

In Trading as in Life

people generally perceive
their own views.

Jun 7, 2017

Pressure and Impatience


Yesterday I attend my fifth TT meeting.

I take the Hotseat  first.  I am concerned my cold will interfere with the process.  I intend to explore the impatience I feel. Instead, the process has its own direction. I experience forms of the pressure I feel.

I continue to allow the process to take its own direction. I experience many forms.  I focus on experiencing feelings and not rationalising.

At one point I cry. When I stop the darkness clears. The sky is clear and there is the freshness after a thunderstorm. At other points I experience forms of impatience.

At times I become  serene, I think the process is complete. I feel guilty for taking the Hotseat for so long.  My leader tells me the  opportunity to experience  the process occurs  only every 3 or 4 weeks. This is an opportunity. He is skilled in recognising there is more. I return to experience more forms.

At one point pressure and impatience fall down on me. I look up and open my mouth. They fall into my mouth I feel strong I feel energised.

When I finish I feel happy with pressure, I feel happy with impatience. I feel happy with my position within my family. I feel tired.

This morning, I feel grounded. I feel balanced,  indifferent to what I see and hear around me. I feel comfortable inside.

Thank you for sharing your process.
Jun 7, 2017

Please and Rebel

Hi Ed,

I would also like to attend a workshop in Europe.I benefit from my previous one as well as from my Tribe experiences and I feel ready to make more progress:the timing feels right to me.

I also have to congratulate you for identifying my "please people and then rebel" pattern right away and framing it as a major issue.

I wonder how you do it (in fact I feel envy towards your ability) and whether you have any further insights into the pattern, especially the rebelling part, or into how to develop a feel for identifying issues so quickly and uncannily.

It takes me a while to see it as well and over time I get a few insights into the pattern and come to know the warning signs of its onset.

I work on improving my response to them and I make progress, reducing both the frequency and the intensity of the drama, yet I feel the issue still lingers and keeps holding me back to some extent.

I also have to admit I come to see some of its payoffs, as I use my rebelling reaction as effective manipulative currency I exchange for various benefits and I also get to blame my failures and shortcomings on the obstacles and burdens other people "impose" on me.

Thank you for sharing your process and your insights.
Jun 4, 2017

Nice Catch

Dear Ed,

Thank you for generously sharing your knowledge - the impact it has on my trading and my life is immeasurable.

I feel confused by the following paragraph in "Trends" section of TSP project.

"After 5 days (the time constant) the Lag is about 16.72 or about 2/3 of the way to the new price.  If we were to compound continuously, rather than once per day, the price would be, after 5 days, one "e" of the way from $10 to $20, where e, Euler's constant is about 0.5772."

The constant 'e' (Euler's number/Napier Constant) in continuous compounding is 2.71828, which is different from the Euler's constant 0.5772. The continuous rate of compounding to get to one "e" (0.5772) of the way from 10 to 20 i.e. 15.772 in 5 days works out to 9%.

I fail to connect 'e' (2.71828), the Euler's constant (0.5772) in the above paragraph to the ROC idea. I feel anxious about missing some insights.

Please explain.

Or is it your intention to baffle the reader and make him examine his own feelings of mathturbation.

Thank you for catching this error.

You have it right, Euler's Constant, e = 2.71828.

Euler's Other Constant, more precisely the Euler-Macheroni Constant, γ (gamma) = .5772156649 - representing the difference between the harmonic series of n and the natural logarithm of n as n approaches infinity.

I might guess that in preparing the column, I consult Internet for a precise value for Euler's Constant and copy the one for gamma rather than for e - without thinking about it.

By the principle of intentions = results, I gather my intention has to do with having you correct the error a decade after I publish it.

Nice Catch !


Jun 2, 2017

Wants to Participate

Hi Ed,

I greatly appreciate your prompt reply on the above-mentioned queries.

I still have some last few questions in mind.

1) I am from Singapore and will like to join the Trading Tribe.  However, it is not within the country list. What should i do?

2) I will like to attend TTP Workshops when it is available.  When is the next date/venue for it and how much will it cost?

Please advise accordingly.

Thank You.

Yours Sincerely,
Thank you for raising these issues.

1. You can start your own Tribe and you can also practice applying the principles with your friends, associates and family.

2. Watch FAQ for news on upcoming Workshops.
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