The Trading Tribe

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


Contributors Say Ed Says




Jan 20, 2019

FAQ Aggregation

Hi Ed,

I see FAQ is on hiatus so hope you are well. I continued on with the project I mentioned about a year ago of aggregating FAQ wisdom.

I’ve now read everything through mid-2015 and have 20+ pages I have turned into a Q&A (attached).

The first page outlines my method. Despite how the first page reads, I haven’t published this or really done anything with it beyond revisit it for the wisdom.

I figured I would share what I have compiled since, after all, it is really yours. Thanks for sharing all this wisdom on the website.

I welcome your thoughts.

Thank you,
Thank you for sharing your process and for sending me your aggregation.

I now have it on line, verbatim, as an HTML file, via Resources, above.

I also have it crediting you for your contribution.

Jan 19, 2019

Charting Weight Loss

Mr. Seykota -

Thank You for taking interest in the progress of my weight loss and for requesting an updated (and hopefully clearer) chart.

Fibonacci fans might enjoy measuring the retracement during the period where I added weight back on.

The physics behind the weight gain are explained by a period of time where I ate more and exercised less. Since the scale is located in my building's gym, the flat periods show where exercise was not done. Since that time, I have a scale in my bathroom and weigh myself every other day.

I don't recall any strong emotions during that period of time.  The thought process of "You're only one meal away from getting back in The Zone" provided a wonderful excuse to cheat and overindulge in various foods.  I didn't experience any depression or anxiety then - and I don't now. 

I view it as "It is what it is" and take full responsibility. There was nothing unusual going on in my life that created a "need for medicate".  I simply enjoyed eating and not exercising.

At a certain point I realized that a new trend was established and required a change to stricter eating and exercise. I felt fine mentally - but not physically.  I was tired, sluggish and lazy.  My stops were hit.  I could physically feel the need for change.  And I just did it.  And I still do it.

I view the graph like a stock chart.  Trends don't last forever.  You can't inhale all the time and never exhale.  The tide or waves never run in a single direction.  Like a draw down, this is a bump in the road - and I'm sure there will be more.


A Chartist Plots His Weight

and sees chart patterns.

Thank you for sharing your process and for reporting your feelings about it.
Jan 18, 2019

Double and Triple

Dear Mr. Seykota,

I have been in the finance field (stock-> stock options-> commodities) for five years and i have travelled to the commodities field in the last year.

Fortunately I have tripled my account just within last year (started from the mid of March), which was really amazing to myself, but I refer it to a piece of luck, although I have some technical analysis skills (mainly MACD, RSI, OBV, volume, and price patterns), in which I know that was not enough..

I used to doubled my account before that, by one and a half year, but now I found that if I do well in the commodities field, I could make much more money then in the stock field except extreme market.

After reading the conversation of you in the book of Market Wizards, you became my new idol.

Could you please tell me more about how to trade well in the commodities market and also, should I enter the forex market someday?

Thank you so much for reading my email, it is my honour.

Best regards,
Thank you for sharing your process.

FAQ does not offer specific trading advice or recommend specific trading systems or parameters or tell people what they should do.

See Ground Rules, above.

You might consider taking your feelings about <risk> and <volatility> and <winning> to Tribe as entry points.
Jan 16, 2019

Portfolio Selection

Hi Ed,

Do you have any guidance in how to construct a portfolio for markets to trade? Would a method such as checking the last say 75 days correlation on the close price of markets do or should it be 100, 200? Or is there a better method… Maybe you could recommend a book? 


Thank you for raising this issue.

The "best" solution depends on your personal definition of "best."

For example, say you define "best" as making the highest rate of return.

Then, you have this optimal solution:

(1) put one and only one instrument into your portfolio: namely, the strongest.  

(2) when your instrument looses its status as strongest,  take it out of the portfolio and repeat step 1.

All other portfolio selection methods inherit from this, your optimal solution.  For example, you can diversify and get a slower, smoother and less profitable ride - a better fit for someone with a lower tolerance for volatility.

You might consider taking your feelings about <better> to Tribe as an entry point.
Jan 15, 2019

Trading System Project Incomplete

Hi Ed,

I was looking at your Trading System Project . It was last updated on 2006 (Diversification Study). So you have the remaining parts of the project not posted? 

Kind regards

Thank you for visiting TSP.  

No other pages exist. I continue to extend my invitation to Contributors who might wish to continue the thread.

Jan 12, 2019

Wants to Attend a Workshop in Europe

Dear Ed,

I recently discovered and joined a local TT and am very excited about the journey.

Would like to register my interest in attending your workshop in London or Europe if the opportunity arises.

Best wishes

Thank you for asking about a Workshop in London or Europe.

You might consider visiting the Registration Link at Resources, above.

I can keep track of the people registering a wish to attend a Workshop. When I see enough interest in any particular area, I can announce a Workshop.
Jan 12, 2019

Wants to Meet in April

 Hello Ed

I will be going to a conference in Austin on April 18 - 19.  Would love to meet you while I am there, just to say hello and see how you are doing.  Would you be open for coffee/lunch/dinner if your are available on the 17th or 19th (afternoon)?  Let me know.

Kind Regards

Thank you for reaching out to me.

I don't have my social calendar pages out that far into the non-existing future.

How about check back around April 10.
Jan 11, 2019

Father Needs Help

Hi Mr. Seykota,

I’m reaching out to you because my fathe needs help. He’s been trading for 15 years off and on. He taught me how to trade futures on the S&P and he really knows his stuff.

His issue is his mind. He looks up to your words and work very much about the human psychology and how important that is for a trader to get right if they want to be successful.

My dad does great for a month and the next month, his mind goes and he loses it. He’s tried so many things to keep him in line.

Everything. His disciplines are the first to go if there’s something happening in his life that he cannot control and isn’t going well. However, he learns this when it’s too late and the damage is already done to his trading account.

He doesn’t know I’m writing you and I’m sure he wouldn’t be too pleased to know that I am, but I just feel like I don’t know who else to turn to in order to help him succeed.

Do you have any suggestions for how he can prevent himself from going through this self-sabotage routine after every successful month?

Thank you for your time Mr. Seykota.

Thank you for sharing your process.

I can address your issues here.  If your father wants to pose his own issues, he can write to FAQ himself.

I gather you like to manage your father, and perhaps other people as well.  I also gather your control toolkit includes keeping secrets.

I might recommend your techniques to mushroom farmers who have to manage conditions carefully and keep their crops in the dark.

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

Meanwhile, you might experiment with listening to your father's feelings and sharing yours with him.
Jan 11, 2019

Wants to Attend Austin Tribe and Workshop


Whoop whoop - workshop and Austin tt!

I feel excited to attend both.

Mid April or later is better for me - I am coordinating travel.

Thank you,
Thank you for sharing your process.

See Resources, above, to Register, to express your interest attending a Workshop and to reach out to the Austin Tribe. (New TT feature).
Jan 11, 2019

Wants to Join a Tribe

Dear Mr Seykota,

I came to know about Trading Tribe Process (TTP) through the Trend Following book by Michael Covel. 

I read your webpage about it, and would like to attend such a session as well.

I also understand that this process cannot be done on my own, or rather, it is very difficult to do it on my own (and I would like to join a group to discuss about how they manage their emotions/ feelings that arises during trading). 

So, is there a TTP group in Singapore that you are aware of?  If there is, would you kindly provide me with the contact for it please? 
Thank you for asking how to connect with a Tribe in your area.

See Resources, above, to Register and then to reach out to Tribes and Potential Tribe Members in your area. (New TT feature).
Jan 11, 2019

Turning the Tables


Unfortunately I don't read your website. I don't understand your responses - after all I flew to Reno based on my misunderstandings of them once before, so that was enough for me. Once bitten twice shy eh? ;-)

I know when I left Reno after trying to meet you that I was angry and determined to find the truth...because I was sure there was something much deeper going on.

And now, some 10 or more years later the truth is starting to reveal itself to me. It seems that a lot of us have been party to an international fraud on a monumental scale and that now the tables are turning. I'm just sitting back and waiting to see how all this unfolds now.

Best regards,
Thank you for sharing your process.

I can pass your insights along to some friends of mine who run restaurants - as they have an intense interest in their table turnover rates.  

For example, they train their waiters to attend the table within one minute of seating, to drop the check before the end of the meal and to encourage the diners to take a second seating in the bar area to enjoy a disgestif.
Jan 10, 2019

Wants to Update Tribe Listing

Hi Ed,

I feel happy to see you have updated FAQ!

I would like to thank you for TTP and Tribe again. I think of you often and continue to implement what I have learned in our Tribe work. 

My essential Tribe continues to grow and we are beneficiaries of intimacy centric relating. It really works well for us.

I like the results.

I notice the FAQ post regarding NYC Tribe and have attached a replacement document for the directory.  I it is clearer and more accurate than the one from 2014.

I would love to speak with you, hear your voice and to know that you are well.

With gratitude and big hug,
Thank you for sharing your process.

You can now list your Tribe on line and receive reach-outs from potential Tribe Members.

You can also register as someone looking to join a Tribe - or as someone who would like to attend a Workshop.

To register, see Resources, above.

Jan 10, 2019

Therapist Lists TTP Meetings as CPD Evidence

Dear Ed, 

Each year, I’m required to submit evidence of at least 50 hours of CPD ‘Continuing Professional Development’ as part of my appraisal. 

5 years of satisfactory CPD then contributes to General Medical Council revalidation (the revalidation cycle) , which allows me to continue with my medical career. 

I count myself very fortunate to have been allocated a very insightful appraiser this year, who I was able to negotiate undertaking my process as part of my CPD for the 2019/20 appraisal. 

I have attached a screen shot of my appraisal log. As you can see, I have started to enter my ‘TTP diary’ after each 3-weekly TTP meeting. 

As per previous correspondence and having read your book, hearing of others experiences of TTP both in your book and in FAQs, and exploring other influences and insights, I am convinced that you are responsible for developing a profound intervention. 

I have had some quite significant personal ‘Aha’s’ already, so I think it is entirely appropriate that I have included TTP in my ‘re-validation’ cycle. 

I’m mindful of the pizza analogy and I’ve no intention of keep phoning orders through; no need to reply. 

However, if you get enough interest in pizza in London or elsewhere in Europe, I’d be pleased to have an opportunity to pay for a slice, and have knowledge of three other committed pizza fans who are happy to do the same.

My Responses to Trading Tribe Application

I wonder what you intend to get out of Trading Tribe meetings?  

I work as an NHS GP, and the interest I have in mental health and in optimising my own head has been really helpful in my therapeutic work with patients. I've become interested in practical philosophy, and secular Buddhism.  I undertake 20min daily meditations over the last few years, and I'm now starting to develop a sense of who I'm supposed to be, and Right Livelihood. I hope to continue to optimise through TTP, collaborating with likeminded people in the TTP group. I'm sure this will help me professionally and personally. 

From a medical perspective, I'm fascinated by the various means to the same ends which I've come across over recent years and I've found reading Michael Singer's Unthered Soul really helpful, and have found Matthieu Richard's scientific work on meditation inspiring. 

Ed Seykota is clearly quite brilliant; it's incredibly impressive that he came to the realisation he did with respect to the cartography of the mind concept, let alone how to tackle k-nots in the manner he has set out in the process The medical profession are just starting to catch up with these ideas, particularly with the more extreme k-nots associated with post-traumatic stress, and therapeutic strategies which encourage collaboration between Fred and conscious awareness. 

I've no doubt that TTP works and appreciate the rationale for it from my own experiences as an interested clinician, and I'm certain of the impact of therapeutic group work. I've an understanding of the therapeutic consultation as part of my day job, and receive about 6,000 patient-agendas a year, so don't think receiving will be a problem, but I think I might need to get used to sending. I am very open to the experience and the process; contributing, learning and developing Right Livelihood with the group. 

I see trading as simply a testing ground to see whether one can achieve mindfulness, equanimity and non-attachment irrespective of circumstances. I've made some definite progress in this respect, but appreciate that I am still acting out some unresolved k-nots. For many years I’ve seen myself as a frustrated fund manager/investor, but I’m hoping to continue to lose ego and attachment to become more proficient as a trader; very early days here. 

Could you please describe to me in your own words your understanding of the TTP process?

My understanding of TTP is that the meetings provide a safe therapeutic, collaborative environment in which participants can express and resolve uncomfortable subconscious emotions/forms which traditional talking therapies don’t really understand and cannot access. Reading the extension, my understanding of the Rocks process is that recurring maladaptive automatic/unconscious attempts to self-medicate emotional reactions can be addressed and replaced with a more therapeutic response and solution. Some of the maladaptive responses to stressors might be alcohol, drugs etc, and others might be maladaptive parental responses to situations, which have been picked up and learned in childhood.

I hope I’m on the right track with this. Rather difficult to answer, as it feels a bit like trying to drive when I’ve only done the theory test. I’m sure TTP needs to be experienced for some time prior to being encapsulated in any description.

Best wishes,
Thank you for sharing your process and for your initiative in integrating TTP principles into the formal therapeutic community.

Thank you for your offer for pizza. I wonder if I can trade up to some bubble and squeak.

You might consider encouraging your Tribe Leader to register with The Trading Tribe - to receive reach-outs from potential Tribe Members by email.  See Resources, above.

Jan 10, 2019

Gets Out of Debt

Hello Ed,

Over a year ago I was in £40,000 debt. Struggling with sleepless nights. Feeling I was in a deep dark pit with no way out. 

Around that time I discovered futures trading and soon came across your name. I heard about your amazing returns and saw that as my way out. I decided to read everything I could find about you. 

I then contacted you. You told me to learn programming, spend time in looking at the markets and learn statistics. You then advised books I should read. 

In one of the books I picked up on something like “A losing trader can’t change in to a winning trader. That’s what winners do”. I also read another comment you made, something like successful traders are successful in what they are have done and are currently doing”. Sorry I can’t remember the exact quote. 

But those quotes really made me think. 

I want to trade, I find it’s puzzle is to be the fun part something about that is always pulling me towards it. 

Anyways. I realised if I can’t be successful in what I am doing, and if I can’t change from a loser to a winner then that is all down to me. I have to fix me. 

Then I set out to do that. Not by trading myself out of debt but by becoming successful in what I am doing. 

This isn’t to show off. I know many people have done greater things. But those words of inspiration and action from my part had me out of that £40,000 debt around 6 months. Not by dying and not enjoying life through completely cutting cost. But by cutting unnecessary costs and working harder in becoming a winner and making more money wherever possible. 

My next goal was to raise a stake for trading and continue on this track of being a winner and becoming a successful trader. 

The last 6 months I have managed to save another £45,000 for trading. 

I wanted to say thank you and that your insight really helped me. I now look forward to continuing my normal 9-5 Clark Kent job lol so I am not overwhelmed by the must be right or must make money on this trade strain. I trade in the evening on the close. And whenever possible, improve my knowledge of the markets, statistics and programming. 

From this message if you have any insights you feel you should share with me or other about me please do. Growth invites advice from people with more knowledge. I know I still have much to learn.

Again thank you very much.
Thank you for sharing your process, including implementing discipline in your spending and in your trading.

Jan 8, 2019

TT_Chartbook Indicators


Thanks a lot for your reply.

Can I please ask I am trying to understand the following  in the TT chart book published.

1. What is the arrow and red line means in "buy the dip" system. Is that mean buy at the arrow with red line as stop loss.

2. What is green and red line means in "Long only trend following" system. Is that mean long above green line with stop loss at red line and reverse.

I really appreciate any reply as I would like to clarify what I am thinking is same as what you meant.

Thanks and Regards,

Thank you for raising this issue.

In the Buy-the-Dip System, red lines indicate sell stops and triangles indicate entries.

In the Long-Only System green lines indicate buy stops, red lines indicate sell stops and triangles indicate entries.
Jan 8, 2019

Eye-Popping Results

Hi Ed

This is my response to last post of year on FAQ - Dec 31, 2018.

How many avg. trade days held do you consider to be short term?

Depending on what you consider short term, I may have what meets your response. My system's avg. trade days held is just over 8 days. Very simple - buys rallies/sells dips. The one & only way out of a trade is to reverse. I like this system a lot, stats are eyepopping. I'd trade it myself if I had the money. Be glad to send you the Excel file if you want to have a look at it. 

As always, thanks Ed.
Thank you for sharing your process.

I consider short-term trades as those of durations less than a couple days.

I have yet to see any "proof" of the profitability of an automatic short-term trading system.

Proof consists of:

1. Set of 6 consecutive months of broker statements.

2. Set of all the signals emanating from the system for the same 6-month interval.

3.  Document proving the brokerage statements and the system signals match.

I have seen such proof for longer-term systems.

Day Trader Dan
Has an Eye-Popping Moment

when he adds up
his profits and losses. 

Jan 8, 2019

Buy and Hold

Hi Mr. Seykota,

İ know that trading is mostly about behaviours, thoughts and feelings..ofcourse it has math in it..but when i research about trading against investment or long term Holding strategy i am getting confused between These two strategy..there are so many examples about these issues..but we know that World’s best investor is using buy and hold strategy..i dont want to use his name.But i quess,everybody know him..what is the truth about this? May be in public we cant reach the true arguments about These theories..i know that you are a technical analist,trend follower and much more may be..but what is your opinion about buy and hold strategy ? İf it is useless,how can world’s richest peop making his all money with investing or buy and hold strategy?

And Thanks for your reply to my first mail..which is about Robin Hood.i wish you tell me your thoughts about investing,buy and hold strategy..

İ wish happy moments to you and all people..
Thank you for raising this issue.

Buy-and-Hold strategies work well for instruments that keep trending.

Otherwise, they don't work so well; you might ask some of your Bitcoin investor friends for their opinions on buy-and-hold.

Successful investors have a method for detecting trends and a method for staying with the trends until they end.

Technical traders use price patterns to detect trends; fundamental traders use economic indicators to detect trends.

Note: all profit comes from price change - and price change implies a trend.

You might consider taking your feelings of [confusion] to Tribe as an entry point.
Jan 6, 2019

The Process of Helping Others

Hi Ed,

Hope you are doing well!

Reaching out to you is an acknowledgment of your influence, a thank-you and a statement of intent to myself.

Last time we traded emails was early 2000s.  At the time we were debating whether one should sort oneself out before helping others (my stance) and helping others as a way to help yourself.  Since then, I've gotten a masters in counseling and am currently employed as an executive coach and have through experience come to a different equilibrium on the topic.

The process of helping others has been the most rewarding and fulfilling part of my life. 

The process of developing mastery in that skill set, understanding myself, accepting responsibility for myself, changing for the better, developing a career and making money have all been "nice."  I often use the quote "nobody cares how much you until they know how much you care" quite often in my work with others, as well as a compass point. 

The direction to master psych, philosophy and develop that skillet was in part a defense mechanism and a way to avoid my own feelings of fear and "not-good-enough", and part a genuine love for understanding and helping myself and then others. 

Working through all of that has been interesting, and being able to come alongside people without fear or judgment has been one of the most important changes I've made. 

I feel an enormous sense of gratitude for having found my right livelihood and getting to be a part of others journeys, and having tools to help them move in the direction of their potential, which was always my goal for myself. 

Looking back, there is no way to develop oneself in a vacuum and setting out to develop to the highest level I can reach has only been possible with a large and continual supply of humility and respect for myself AND others at the same time. 

I appreciate your thoughts and advice on serving others and prioritizing this higher.  Thanks for that. 

We met once in the mid 1990s, when I snuck into a seminar you held in Chicago.  I was a clerk at the CME at the time.  I remember that your intention was to discuss what a trend was.  You proceeded to show the group a series of paper currencies from the last 250 years or so, and compared them by quality of paper, complexity, amount of different colors of ink, printing techniques and so on.  You concluded (best as I recall) by saying that the current US paper money was very cheap on all accounts compared to the others.  I understand this so much better now!  It is a great memory and anecdote.

My wife and I have let someone else manage our money since 2004, and I haven't traded at all since probably 2001.  I am now feeling that I am abdicating my responsibility for this to avoid that responsibility (worry, fear) and if I continue doing so we will not reach our retirement goals.  Having an institutional mandate of "always long stocks no matter what" is the reason we haven't been able to come close to the rule of 72 and maximize our returns...doesn't make sense to me. 

I keep thinking there has to be a better way to do this and that I'm letting the knowledge and experience I do have go to waste instead of taking the responsibility for my own money.  Nobody is going to care more about my family than I do.  My plan is to test out some strategies on when to be in and when to be flat, as well as looking into some other trend trading opportunities and slowly make the transition back to trading it myself.  It is a scary proposition, and those feelings are there to help with the risk.  Looking forward to getting my copy of Govopoly and connecting with the local Trading Tribe.  From what I've read, Govopoly seems to be right on. 

I've noticed some FAQ posts on weight loss and I find the process very similar to trading.  I've recently had a big AHA in this area, and am having success.  I'd be happy to share my process and what is working, perhaps contribute in some way to the site.  I can envision a "trading system" for losing weight.  I like that you said you could hang a daily bar chart on the wall, step back a little and see the trend.  Simple does not mean easy though, which is the same for weight management.  Funny thing is once you are having success for the right reasons, you "get it" - you get the aha.  I am looking forward to searching this out in my investing/trading going forward.

Very Best to You and Yours,
Thank you for sharing your process.
Jan 6, 2019


Just about everything I've been taught about our world I can now prove to be a lie Ed.

An appalling situation to be in.
Thank you for sharing your process.

I wonder how your proof digests the following:

"This sentence is false."
Jan 5, 2019


Hi Ed,

It is great to see updates from you again in FAQ, been following it for many years for my personal growth and always wanted to join your workshop, I feel excited when you mention that you can have a workshop in spring, hope to hear more updates on the details soon as i probably need some time to prepare for this 10700miles journey (if it is in Puerto Rico).

best regards
Thank you for sharing your process.

I plan to have Workshop details on line later this month.
January 5, 2019

Newbury UK Tribe

Ed good afternoon and I hope my email finds you well. 

I attach an update for the Newbury Tribe which continues to meet as members request. Also, my thanks for your recent update to FAQ. I have a few Aha’s catching up which really brightens my day.   

I notice I haven’t met you in person and would very much like too. I wonder if you might consider holding a workshop in London which I could attend? Alternatively, I plan to visit the USA in 2019 and wonder if I might buy you a coffee to say thank you for introducing me to TTP, Holotropic breath work and right livelihood? 

Finally, I am most curious about your views on “perception and response” as a substitute  for the phrase “cause and effect”? 

Take care and as always a huge thank you for FAQ and your ever evolving support for Tribe.
Thank you for sharing your process and for updating your Newbury information.

In the Causal Model, we have cause and effect. We flip the switch (cause) and the light goes on (effect).

In the System Model, we consider the dynamics of a system of Levels and Rates-of-Flow between the Levels.  A bucket with a hole at the bottom loses water, rapidly at first. As the water level declines, so does the flow rate. The level informs the rate and the rate drains the bucket.  If we simulate this process as a series of small time intervals, we see the water level (and the flow rate) cooperating to generate a semi-exponential decline in both of them.

Note: purely exponential decay follows only if the flow rate and level have strict linear proportionality.  In an actual bucket-and-hole situation, they have more of a square-root relationship..

Consider how a pendulum works. Causal view: you whack it and it goes back and forth.
System View: acceleration, velocity, position, friction, gravity and string length all interact to generate a sine wave with definite period, amplitude and decay.

Perception and Response can have various meanings depending on how you view them.
January 4, 2019

Trading Improves

Hi Ed

Happy New Year. 

Thanks to your wisdom my trading has improved a lot since I met with you. 

I had been trading ETF's so far and in September of 2018 I took the plunge to trade futures. 

Needless to say the market gave me a big jolt, with 9 straight losses. 

After every loss I would listen to your whipsaw song - "One Good Trend Pays for 'em all" line would always give me hope. 

I was down by 29% by mid-November and then had a big win that brought my equity loss to 11% - "One good trend pays for 'em all"

Thank you for everything.  Hopefully you will have another breathwork workshop this year.  Count me in if you have it.
Thankk you for sharing your process.
January 3, 2019

Wants TTP for Free

Dear Mr. Seykota

... Im 23 years old living in Riverside, CA. I was raised lived the entirety of my life in Mexico, in a little town near the border call Mexicali, til last year (2018) when I moved out on my own looking for a job to earn a stake I can trade for my own.

I dwelved the past 3 years completely into trading, in doing so dropping out University back in Mexico. As you can imagine going down my path of learning of alot of things along the market many which are not really necessary I finally understood the importance of knowing yourself.

I bought The Trading Tribe of your webpage just a few weeks ago. After reading the first couple of pages I was deeply fascinated with the whole thing.

I went in to check where can I learn to actually do this or where to attend but the cost for the event are simply way out of my available range(from 3000 to 5000). Is there any options or ways to attending a Trading Tribe without having to pay that much

I really apreciate all you have already done for all of us trying to make it in the crazy world of trading.

Thank you for asking about free TTP.

You have several ways to proceed, all for free.

You can interact with the TTP FAQ.
You can read through the historical entries.
You can attend a Tribe in your area.
You can start your own Tribe.

You also have some ways to proceed, for a fee.

TTP Workshop - intensive weekend training.
Private consulting - see Ground Rules, above.

January 3, 2019

Wants to be Like Ed

help me!

Please want to be like you on the stock market 
for trading

Thank you for asking for help.

If you want to be like me, you might consider encouraging people to be like themselves.
January 3, 2019

re: Money and Happiness  -  Sep 21, 2018

Dear Ed,

Thank you for getting back to me. I do not understand what you mean by 'You also come to accept your calling as a guide for others who wish to follow.' Would you please clarify what you mean here?

I would like to attend a workshop if you get the numbers. I am particularly interested in learning more about the Rocks Process. The London Tribe experimented with it for the first time last year with mixed results.

Thank you for pointing out some rather obscure language.

Perhaps I can present it another way.

People engaging TTP (or other spiritual path) generally follow a progression of approaches:

- Logical; try to understand; TTP theory.

- Medicinal; let off some steam and feel better; TTP Zero-Point Process; TTP Forms-Integration Process.

- Proactive; identify and change basic response patterns; TTP Rocks Process.

- Intentional; develop life skills; TTP Snapshot Process.

- Spiritual; explore the meaning of meaning; operate from the void.

In my experience, people who actively pursue TTP wind up operating from the void and also wind up attracting students and mentoring them.
January 2, 2019

re: Wants to Set Up a Tribe (Jan 1, 2019)

Thank you Ed,

I want to
1) help the traders be better traders through working through their k-nots, and hopefully build better relationships in the process

 2) work through my k-nots, and hopefully be a better trader in the process

We trade on an open trading floor together but we each manage our own trading businesses.

I travel to Austin this Friday, coincidentally. If you offer the tribe series I will submit an application for enrollment.

Also I am curious about your plans to deal with specific trading issues and software to enable members to design trades and systems collaboratively.

My friend is a brilliant data scientist, python programmer and musician. This year we started to explore trading systems together and are both big fans of your published work. He will likely submit an application for enrollment as well.
Thank you for expressing an interest in attending the Austin Tribe.

I plan to have more materials on line this month.
January 2, 2019

Likes Tar on Foot


I very much appreciated the whole walking on the beach, 'tar on my foot ' metaphor really insightful and clever. Reading some of the FAQ, I feel your pain, but I also thank you for the marvelous answers!
Thank you for encouraging me.
January 2, 2019

Trade War

Ed, I wonder what you think about a situation like this: 

Imagine two countries, Country A has a population of 2 Billion, ruled by authoritarian regime, and is underdeveloped by “western” country standards.

Country B, industrial powerhouse, richest country on earth, highly refined technology, manufacturing, and engineering sectors and has a population of 300 million. 

Country A instructs Country B corporations that if they want to sell their products within Country A, they have to manufacture them within the borders of Country A.  If not, the products are not allowed to be imported or some can be imported with 85% tariffs.

Country B tells Country A they can import products at a 15% tariff. 

One day, Country B elects a President.  He is a simple kind of guy, businessman by profession.

He is not an economist or philosopher, or even a politician by normal expectations.

All he knows is “bidness”. 

Country B’s new President tells Country A to lower their tariffs, and ease importation rules to normally accepted standards, or else Country A’s products will be taxed at equivalent and reciprocal rates when imported into Country B.  

A government organization – The World Trade Association, sides with Country A on the basis the standard of living of County A is less than Country B and Country A’s citizens deserve this

This even though Country B’s standard of living will decline.  For decades, Country B has rang up large government budget deficits to “stimulate” the living standard, and while unemployment is low there is an excess of waiters, bartenders, artists, etc. 

So from a free market perspective, Country B does not have full, free-market based employment.  Country A has absorbed manufacturing jobs from Country B with subversion of the free trade principles that many economists agree are the best. 

The question to you is: 

Is the policy decisions of the Bidness man President short-sided or is there a bigger “war” being fought over the longer term?

Under this hypothetical situation, what do you think would be the best policy approach for the President to follow?

All hypothetical of course! 
Thank you for raising this issue.

You trade with other people so you don't have to grow your own food, generate your own electricity and manufacture your own computers; the standard of living rises quickly for everyone when people trade freely.

Tariffs restrict the freedom to trade and thereby reduce (or slow the growth of) the overall standard of living.

The Govopoly System uses tariffs the same way it uses other taxes: namely, as a way to raise revenue and as a way reward some groups of people at the expense of others.

For example, if the US imposes a 25% tax on steel imports, then it gains corresponding "tax" revenue from people who consume steel. in the US. It also rewards US steel manufacturers with an exemption from having to compete with cheaper foreign steel.  

In my book, Govopoly in the 39-th Day, I show how creating monopolies by government sanction (Govopolies), weakens the economy and leads to its collapse.

Tariff proponents claim the tariffs have to do with fighting "unfair" practices by foreign government.  More to the point, tariffs, like other taxes, have to do with extending the reach of the Govopoly System.

I view tariffs as an indicator that confirms the unsustainability of the price differential between US-source and foreign-source goods and services. I expect this eventually to resolve through inflation.

Other alternatives include massive cuts in government spending (ain't gonna happen) and trade wars escalating into military wars (super inflationary).

Free Trade Works Really Well

when you let it work.

January 2, 2019

T = 0

Hello Ed,

Wonderful to hear from you after some (non-existing) time :-)

With a big hug, and many thanks for all your guidance over the years.

Thank you for acknowledging me and the work.
January 1, 2019

TTP Workshop


I read in October 2018 FAQ you intend to hold a Workshop.

If your intention is to hold this in Europe, depending on the cost, I would like to attend.


Thank you for expressing interest in attending a TTP Workshop.

I sense interest from people who with to observe and practice the Rocks Process and other recent innovations in the TTP process.

I can host a Workshop in most any area of the world if I can get together a critical mass of between 12 to 24 participants.

Prices range from about $1,500 for repeaters to about $3,000 for neophytes to about $5,000 cash for last-minute deciders.  Includes food. Runs from Friday afternoon to  mid-morning on Monday.
January 1, 2019

A Just Sentence

Dear Ed,

Thank you for your reply and thank you for what was for me the most pertinent sentence in your updated FAQ (September 13, 2018):

Ed Says: "I consider the Trading Tribe more like a walk on the beach with some friends, as we go along and notice who shows up to enhance the adventure."

Kind regards
Thank you for acknowledging the sentence and for grasping the Heart and Science of TTP.
January 1, 2019

Winning by Failing

Hello Ed Sir,

First of all I wish you a very Happy New Year sir.

May 2019 be a great year of health and happiness for you.

Its such a privilege to get a reply from you having read and heard about you so much.

Stories that inspire and make us want to be like you, if not at least be in someway in touch with you, to learn to grow.

How lucky are those who got the chance to do so, have you as their mentor, to show them the path when they failed. I secretly hope that wish I could have the same, how different life would be.

I am thankful that you took the time to read my big email and even drop a reply. I just came across it today. I apologize.

However Ed Sir, I am afraid I couldn't understand you reply about the book and stretching arms analogy. My bad.

But I am deeply grateful that at least I got a reply from you. I means a lot, really.

One of your fan ... from India.

Thank you for sharing your process - and for doing so in a very brief manner.

You may recall your questions to me (See FAQ September 8, 2018) in which you say. "So, I too seek to be at your feet, be you disciple. Mentor me Ed Seykota Sir. Please."

If you ask for guidance, and receive it, you might then consider making some effort to understand the instructions and to follow them.

For example, you might consider asking a friend or a colleague to help you understand the instructions and how to carry out the instructions.

The instructions and your reaction to them can serve me as a diagnostic tool.

In particular your reactions inform me about your willingness to do the work and it also protects me from falling into a co-dependent relationship with a student who wants to win by failing.

In case you do not wish to understand the instructions or to carry out the instructions, you might then have a partial answer, for both of us, to your original question.

You might also consider creating a Tribe in your area and taking your issues there as entry points.
January 1, 2019

Wants to Set Up a Tribe Within His Firm

Ed thanks for the response! I enjoy receiving it. I want to ask you more questions and hope to meet you one day ...

I want to create a Trading Tribe within the firm. I bought your book but I am nervous to act as Chief without experiencing a tribe meeting myself.

May you please introduce me to an existing Tribe so that I can attend a meeting? I am based in New York City and am willing to travel to attend.

Thanks again and best wishes from me to you,

Thank you for sharing your process.

I wonder if you can tell me more about what you want to accomplish.

Trading Tribes have a lot to do with personal growth, and incidentally something to do with trading - to the extent it serves as a metaphor for deeper issues.

I don't see a natural 1:1 overlay between Tribe Meetings and trading businesses.

Along this line, I plan to offer a 10-Session Tribe series in Austin starting around March.  

I also plan to deal with specific trading issues and also to implement software to enable the members to design trades and systems collaboratively.
To Top of Page