© Ed Seykota, 2003 - 2005 ... Write for permission to reprint.

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April 1 - 10


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(Quotes from Ed in Red)


Mon, 11 Apr 2005



Hi Ed

I'm wondering if you would be available for an interview regarding your new  book for a leading ... publication ...


I'm a journalist currently freelancing for national publications and magazines. I am also a trend trader and a long-time reader of FAQ.

I appreciate your time and look forward to hearing from you soon.

You may interview the book when it appears.  I am happy for it to speak for itself.





The Trading Tribe


speaks for itself.



Clip: http://www.northtyneside.gov.uk/


Sun, 10 Apr 2005


Re: Oldies, FAQ April 8, 2005

Hello Ed,

The April 8 FAQ entitled Oldies reminded me of a passage from Oscar Wilde.


After playing Chopin, I feel as if I had been weeping over sins that I had never committed, and mourning over tragedies that were not my own.


Music always seems to me to produce that effect.


It creates for one a past of which one has been ignorant, and fills one with a sense of sorrows that have been hidden from one's tears.

I can fancy a man who had led a perfectly commonplace life, hearing by chance some curious piece of music, and suddenly discovering that his soul, without his being conscious of it, had passed through terrible experiences, and known fearful joys, or wild romantic loves, or great renunciations.

--Oscar Wilde, Critic As Artist


Thank you for this site and TTP!

On some level, we know the feelings of all our brothers and sisters, ultimately of all life on the planet.


Unwillingness to experience this knowledge is necessary to preserve the illusion of separation.


Occasionally, a piece of music, a chance encounter or a Tribe meeting brings some of this deep material to the surface.



It's All Waiting to Surface


when we are willing.


Clip: www.petermcfarland.us/ catscradle9.html

Sun, 10 Apr 2005


Radial Momentum

I found the trading tribe web site and I am reading the FAQ from the beginning. Friday I found a FAQ regarding your Theory of Radial Momentum dated July 2003.


When I read the crux of your theory I immediately thought of atherosclerosis and the deposition of plaques in arteries. The higher a person's blood viscosity, then the earlier signs of atherosclerosis?

Radial Momentum Theory indicates the section of artery immediately downstream from an obstruction experiences lower pressure and reduction in cross section.


This secondary effect is largely irrelevant.


The effect increases with a fluid's bulk modulus and velocity and decreases with its viscosity.


Atherosclerosis is not primarily a hydrodynamic effect.  It is the buildup of plaque on the interior walls of arteries.





Plaque is the Unwillingness

of an artery


to experience the flow of blood.


Clip: http://yourmedicalsource.com/


Sun, 10 Apr 2005



Dear Ed,

In an 10/22/03 FAQ (Correction):


Ed says: TTP can work in groups, in pairs and, ultimately, within one person as Fred and CM communicate.

From your description of DIM (which is much more recent), it seems that your conclusion is that DIM is fruitless, as it is difficult for the person to fully experience by himself the very feeling he has been suppressing for a life time, and so the process tends to break down at the point of discomfort.

So am I misinterpreting your original statement? Do you still think TTP can work within a person? If so, can you please share? Or do you change your mind because of seeing enough evidences against DIM?

Thank you very much. I enjoy reading the old FAQ. The TTP experience I have now helps me a lot to understand what you wrote then.

As you work in your Tribe to untie your k-nots, you rehabilitate your Fred-CM connection.


The DIM (Do It Myself) process is largely ineffective in untying k-nots.



When it's DIM

You can see fireworks easier.


Sharing with others, however,

helps you experience the meaning

of the fireworks.


Connecting the dots

is usually easier in bright light

than in DIM.


Clip: http://www.coloring-page.net/


Sat, 9 Apr 2005


A Little Levity

Dear Sir,

I was just reading FAQ and when I read post Wed, 23 Mar 2005, entitled Research Work and your response to it I had to laugh.

In the words of the great Jeff Spicoli:


If you're here and I'm here, doesn't that make it our time. -- Fast Times at Ridgemont High

Some things seem far too obvious for most people to grasp, like, say, trading with the trend.




Dude !


Jeff's grasp of the obvious provides inspiration to those of us who overlook it.

Clip: http://www.myvideostore.com/



Fri, 8 Apr 2005



Dear Ed,

Occasionally when I’m in my car, I find myself listening to an “oldies” station that plays classic pop and rock music — the songs I listened to growing up.


One moment I’m driving down the road, thinking about whether it’s spaghetti or burgers for dinner, and the next moment a song from my past will come on, and I’m back in junior high school, suddenly transported back to an emotional landscape from many years ago.

When some of these “oldies” get played, I catch myself quickly punching the button for another station — in effect making a conscious decision not to immerse myself in the surprisingly vivid and dissonant feelings that the song brings on.


As I reflect on it, I realize that the feelings I don’t want to feel are “nostalgia,” which my dictionary defines as: “the bittersweet longing for things, persons, or situations of the past.” The sweet part is the original feeling — young love and heartbreak, the joyful innocence of being a kid in a fresh world. The bitter part is the feeling that youth is past, that I’m getting old and that I’ll never experience anything like the wonder of those days again.

My reflex when the song pops on is to not go there — to avoid experiencing the ambivalent set of feelings that are generated by this song. So I quickly tune the uncomfortable sensations out.

But you know what I’ve come to realize? Fred wants me to be nostalgic. He wants me to feel all those old feelings. He wants me to feel the heartbreak, the fun, the joy of youth. At the same time he wants me to feel what it’s like to be getting older; he wants me to feel the pain of lost youth!

So, now, when I’m driving around, and the Carpenters suddenly break into my world with “Close to You,” I crank the volume up. I sing along. I revel in the nostalgia. I ridiculously let tears well in my eyes. If my wife and kids are in the car (my thirteen year old rolls her eyes), I share the kaleidoscope of memories and feelings that this great old song brings on.

Now I’m rediscovering all the old pop classics. I abandon myself to the feelings these songs conjure. In fact, after fully experiencing the oldies and all they bring, I find I’m able to again appreciate the great craftsmanship that went into making them. Fred loves the old stuff!

Nostalgia, as always, just isn't the same anymore.




The Carpenters


1. We've Only Just Begun
2. Love is Surrender
3. Maybe It's You
4. Reason to Believe
5. Help
6. (They Long to Be) Close to You
7. Baby It's You
8. I'll Never Fall In Love Again
9. Crescent Noon
10. Mr. Guder
11. I Kept on Loving You
12. Another Song

Clip: www.grantguerrero.com/ carpenters/close.html




Fri, 8 Apr 2005


Following the Crowd of Love

What an incredible experience!

I was playing chess on the internet in a cafe when I found out that the Pope is dead. I tell everyone sitting around the news. Everyone seems concerned. I leave home and after a while I just couldn't resist the feeling that the whole world was crying. I wept too, what a loss! I never considered myself as religious, but I always admired the Pope.

I work in an office with windows showing the main square in Krakow. A few days later I am ready to leave home when a friend says that it's quite impossible to make it through the streets. I know the main square is filled with faithful people ready to begin the farewell march. He says that I should see the view, so I walk to the window. It is a phenomenon, I just stare in awe. The whole main square was alive, people occupied every single square meter and stood there waiting for the move. The air all around is hot. I can hear the energy in the collective gossip. I stand there and enjoy my lucky view and I breathe in the power of the gathering.

Maybe half an hour went by, I realize that I am getting anxious for not being there with the other people. I think to myself " well it was never your style to do so, anyway, you always said you hated the crowd". That sounds strange for me too say. I like it this time. I decide to leave work and do my usual stuff, I make it through the streets and I am well on my way home, bumping from time to time into other people going the other direction. I start to feel lonely, as if the warmth I felt standing by the window was leaving me behind. I realize that I am leaving the feeling, not the other way around. I have the inner chit chat: "yeah, you always do that ... well, that's because I don't care, the crowd is stupid, people... yeah, well what about following the feeling? well, that's not the same...so how about following a felling in life, you feel like going there now, right? ... alone, just like that? I will feel idiotic, everyone will notice I am alone, besides, I don't fit in there...so what?, nothing better to do, I'll do it for the first time, I'll just change my mind about it all ... OK, fine".

I change directions and feel better already, I soon join a huge stream of people, slowly walking towards the vast meadow by the city center.

I am astonished that although there probably several hundreds of people gathering, there is plenty of room around, I can walk almost freely. At first, I am very self-conscious, feel rather uncomfortable, I keep looking behind my back for now apparent reason. We all walk slowly. Some people stand on benches to make pictures, others stare from windows, just like I did. Now I see the different perspective, it's better down here, I somewhat angrily think "stop staring, get down here and join us".

I start to ponder on the death of the Pope, I always admired his friendliness, commitment and the way people followed him. I wonder how other people feel, I quickly realize that that it's rather obvious. They all come here for one reason; to join together and mourn the loss of a loved one. I feel a wave of sadness and tears in my eyes. We keep walking, I feel safe, I smile in my thoughts to the people next to me. I feel for them, I like them. I catch myself judging a few strangers, but then I reconsider, do I always do this?

I experience a myriad of things: the people around, the beautiful sunset, the journalists, the buses, the smoke from candles, the singing from the loud speakers, the mystique but mostly the feeling that I am at the right place, and peacefulness!

The mass begins, we stand there, contemplate, pray. It's dark already, but our hearts are lit. We sing and hold hands and wave them in the air.

Some of this feels strange, especially the holding hands part. Hmmm, this is too intimate for me, I never imagined that simultaneous singing, holding strangers hands and waving them in the air could be such a hard task, I think....just keep following through and enjoy... just join the rest... do what they do and doesn't get any simpler then that. While doing so I quickly I realize that my arms are stiff, so I let go of the tension and feel the soft movements of the delicate feminine hands of my neighbors. nice.

Finally, we all leave home. I walk alone but I do not feel alone. This is great.


While I stroll towards home I look around and notice people's faces, I see shiny, smiling eyes everywhere.

In, overall, there was about a million of us and I believe we all had the same on mind. I also translated an important feeling into words. Again I observe and notice that I could be friends with anyone here, the feeling of safety which states that this world is not such a dangerous place after all. People want people and they want good.

So, the day was supposed to be about going home from work, eating some food, eventually staring at the TV and biting myself for a weird feeling of having something good passing by me, again.

Not this time...

Thank you for your report.




Ioannes Paulus PP. II
Karol Wojtyla
16.X.1978 - 2.IV.2005


For if I preach the Gospel, that gives me no ground for boasting. For necessity is laid upon me. Woe to me if I do not preach the Gospel!


1 Cor 9: 16


In the name of the whole Church, I sense an urgent duty to repeat this cry of St. Paul.


 From the beginning of my Pontificate I have chosen to travel to the ends of the earth in order to show this missionary concern.


My direct contact with peoples who do not know Christ has convinced me even more of the urgency of missionary activity.


-- John Paul II



Clip: http://www.vatican.va/



Fri, 8 Apr 2005


Fear of Commitment

Dear Ed,


I want to send to you and feel my feelings. I have a problem in that I have much difficulty in many areas of my life and I believe that this is related to knots that I have built up in me. I continually do battle on a daily basis using the DIM method.

I have trouble making many decisions and knowing what is my chosen livelihood. From an early age I could never make a decision about something, whether it be an Ice Cream flavor or which party to go to. I rationalizes this as the opportunity cost (I studied economics ;) ).

I could be missing out on something better in the non existing past / future if I do something different in the now. I have a grass is always greener view that keeps me hopping from party to party, job to job, relationship to relationship.

I know deep down that I can do anything I wish if I put my mind to it, but something is holding me back. I currently work for an investment bank but have choose a middle office role that I do not enjoy.


I know if I pursue it hard enough and want it I can get myself to a decent trading position; through putting in the hours and working hard. I enjoy a good days work as I makes me feel as I've achieved something, but too often in this job I am left with free time and find it very difficult to motivate myself to be creative with the moment.

Especially within a working environment where I wish to walk or go outside or read a book with spare "down time". I feel pressured to do what I should be doing. So i preoccupy myself with the internet, idle chat and excel profit and loss accounting. I know that being bored is a subject of my own choice; I really don't want to be bored but am playing this drama and looping into boredom everyday.

The area I live in I am not committed to staying here for the next 2-4 years whilst working up to a trading position. I enjoy a challenge but also find it difficult to complete things once I think / feel I can do it. I have trouble following through on things and this causes me much angst. In relationships which are where I see my main worry I am always looking for an excuse not to enter a relationship. I like to have a plan of how to escape incase I need too, and in past relationships I have made an escape as I am scared of the commitment involved and the grass is always greener viewpoint.

I want to have a good loving relationship and family but am so scared of commitment and especially the opportunity cost that I cannot get involved with anyone and therefore don't find out what the person is really like. I have recently considered that I may be homosexual as I'm scared of relationships with women and found this to be concerning. I know that who ever I am it is just me and I can only feel that way as it is.

I am enjoying reading your site and learning from your methods. I wish to develop and reach the potential that I can see in myself. I would like to join a tribe but there are none here. I have spoken to friends about going through the process although they seem to show some empathy with the idea yet are not willing to give it a go. I am scared of advertising publicly for a trading tribe group ...

I have ordered the book emotional intelligence and am looking forward to reading it. I also watched Good Will Hunting two nights back and found it really good, especially in relation to me and to the potential people have and how they can overcome their fears.

Even by writing this email I feel that I am on the road to somewhere I wish to be. I'd like to thank you for creating your website and wish you all the best in your pursuits. I know you have no answers for me but I'm enjoying sending you this.

You might consider consciously committing to avoiding making any kind of decision for a whole day.


At the end of the day, you can reflect on your feelings about keeping that commitment.



Concerns About Commitment



once you take the plunge.


Clip: http://www.dupont.com/suva/




Thu, 7 Apr 2005


Positive Intention of Pain

Dear Ed,

I am reading this book "Pain - The Gift Nobody Wants" right now. Paul Brand, the author of the book, leads me to his studies about pain, and ultimately reveals the positive intention of pain, in his point of view.

I find this book fascinating, and can't wait to share my feelings (toward this book) with FAQ readers.

Paul Brand, the son of British missionaries to India, notices, in the native population, resolute acceptance and bearing of pain. 


He concludes that to live without pain is to live in constant peril of unchecked injury and illness.


Through medical explanations and vivid examples, he refutes the modern view of pain as the enemy.




Pain Contains a Judgment


that a feeling is bad.


Clip: http://www.library.ucla.edu/libraries/


Fri, 8 Apr 2005



Hi Ed,

A member of our tribe can get to their feelings quite easily but cannot stay there long as they get emotional. I understand there may be a number of barriers such as not wanting to show emotions in front of others and/or it is just too painful to go there.


Do we, as receivers, encourage them to experience the feeling of not wanting to there? experiencing the feelings of each barrier? Is this how we will get to the core feelings?

Our tribe has grown to six.

best regards

You might consider taking your desire to get everyone through their barriers, into the process.




When You Experience a Barrier


it disappears.


Clip: http://www.claudiampublications.com/


Thu, 7 Apr 2005

Entry point

Dear Ed,

Is entry point (an issue) a requirement to TTP?

In the last two hot seat sessions, the senders take the hot seat despite claiming that there is no particular issue they want to work on. Both say they don't have an entry point per se, but just want to see what comes up.

After the process, they report back and both say they experience a lot, sort of like a workout, a great release. They don't have any aha and do not appear to be at a Zero Point, but they do say they feel better.

In both situations, I personally find it difficult to receive. Truthfully though, I think it may be an issue I need to take to the hot seat myself. One interesting thing I realize while observing the process is that I'm blaming other people again ... as I am feeling uncomfortable.


It reminds me of when you suggest me to tell myself the truth, "I don't like feeling uncomfortable; when I feel uncomfortable I like to blame it on others." I start to think that perhaps my insistence to doing it the "textbook way" can be another entry point for me.

The textbook pattern as I understand is that someone has an issue, such as a repeated drama, that brings up certain feelings in him that he doesn't like. So he takes that issue to the hot seat, intentionally experiences that feeling and all the judges along, until he reaches the Happy Judge.

While I think anything can be an entry point - even the feeling of not having anything in particular if that's an issue - when in this case the senders have no issues to work on to begin with, I don't know how I can be effective as a receiver, and how can we "measure" our progress. In the last two sessions, the senders have no feeling in particular that he wants (or doesn't want) to experience, so there seems to be no judge, and the process (from my view) just seems to drag on aimlessly.

As you say in a 9/03 FAQ, "Things you measure tend to improve." In the normal case, I try to "measure" the sender by asking him at the end of the process, "How do you feel about X (the original feeling) now?" or "Are you willing to experience X again?" But in this case, since he has no starting point to begin with, I can't tell if he is making progress that needs further push, or if he is avoiding the real feeling he is unknowingly unwilling to experience.

I read from a 2/05 FAQ that you ask if anyone has "anything live" and then probe for the person with the "hottest" issues. So in the event the sender has no issue and just get on the hot seat to see what's there, how to be most effective as a receiver? When they report back that they "feel a lot" and "feel better" and seem ready to end the process there, how can I decide whether to keep encouraging or just let them go?

I greatly appreciate your teaching. Many thanks.

You might consider taking your desire for other people to do it correctly, into the process.





anything can be an entry point


including not having

an entry point.



Clip: www.atpm.com/7.12/ sewickley/entry.shtml 

Wed, 6 Apr 2005


Gun Control

I usually don't forward random emails, but this one is too incredible. An officer gives a gun-safety lecture in a school and shoots himself in the leg. Our tax dollars at work. 

Video: http://www.compfused.com/


One way to demonstrate gun control is to hit the target.



When You Define Your Target


you gain an aim in life.


Clip: http://www.wall.org/~larry/


Wed, 6 Apr 2005


Error in Some Good Process

FAQ: April 25th, 2004


in above mentioned post you say in your answer: "K-nots are the feelings you are still k-not unwilling to experience."


The way I understand TTP, I think k-nots are the feelings i am still k-not WILLING to experience." Is this a typo or do I misunderstand this quote?

Thank you for the catch.  I acknowledge your attention to detail.


The item now stands correctly as:


K-nots indicate feelings

you are unwilling to experience.




Catching a Fish from a Mile Up


requires skill and patience,

good eyes, sharp claws


and unconditional intention.



Clip: http://www.firstpeople.us/



Wed, 6 Apr 2005



I realized that there is a sound or kind of a music that is coming out from the market. Sometimes you can hear that.


Do you have such experiences? By the way: I Think Stocks have much more music than options or futures.

The ideas for investing does not come when you want them. They come like a flash or a lightning stroke. It's like composing music. (I am a former musician) What do think about that?

Charts are wonderful pictures, they say more than 1000 words.

Thank you for your note.


Some People can Hear Things

in the Markets


and C things in music.



Clip: http://www.musicmasterworks.com/


Tue, 5 Apr 2005


Largest Percent Drawdown

Dear Mr. Seykota,

In the 3/29 FAQ you talk about largest percent drawdown, which is something I've heard about for a long time ago but never really learn in details. May I please drill into the technicalities of it and ask you several questions regarding this concept:

1. If I start with $1MM portfolio, but I only use $800k to trade and I lost $200k. Is the drawdown percent 20% or 25% (since my portfolio value is only $800k)?

2. At this point, if someone puts $400k into the fund and so the total value I manage becomes $1.2MM. I use up all the capital to trade and lose another $300k (for a total of $500k when one includes the $200k I lost earlier). What is the drawdown percent at this point? Does the newly added $400k play a part in the equation?

3. What if I leverage my position, and I am actually holding $2.4MM value of securities? Would it affect the calculation of percent drawdowns?

4. Wouldn't this "largest percent drawdown" skewed when I begin trading? For example, losing $500k as I start may mean a 50% drawdown. Since then I trade very well and as my account grows, I never have a drawdown more than 20%. In terms of absolute dollar I never have more than $400k. Despite that, whatever total return I achieve is going to be divided by the largest percentage drawdown that I had in the very beginning. Does it mean that we are giving more emphasis to the oldest drawdowns?

Thanks for the clarifications.

I do not know what you mean by "only use." 


The part of the account that you do not directly use, you may still use as reserve.


Normally, you count whatever is in the account as the investment, and calculate profits and losses basis this amount.


By your method, a woman sitting down only weighs about 50 pounds since she is not using her legs.




Ultra-Fast Weight Loss System


Just weigh the part of your body

you are using.


Clip: www.artunframed.com/ august_macke_4.htm

Tue, 5 Apr 2005

Discounting the Non-existing Future

Hi Ed,

I've been riding along this forum from its earliest appearance on the www. Thank you again for all your contributions and wisdom.

The discounting theory of markets in finance and economics states financial markets discount the future correctly. How can financial markets possibly discount the future correctly when, to use your expression, the future is a non-existing place?

In a Thu. Dec 2004 post, you state, "Magazine covers sometimes celebrate societal AHA's and indicate consummation of discount."

I've also noticed you using the term "discount" in reference to financial markets else where on the forum.

Don't markets "shape" the future in the ever evolving moment of now, by reinforcing emotions and canceling logic, more than they discount it? And, would not such a trend eventually culminate in a societal AHA, such as indicated by the magazine cover?

My main question is, "what are the markets exactly discounting in your use of the term discount?"

wishing you a happy & beautiful spring

p.s. crowd psychology is an area that I find immensely fascinating. I find it much easier to observe societal drama than my own, and in the process I'm able to see a glimpses of my own self reflected back to me. As you said, "a fish does not see the water and you do not see your own drama." Our siblings tribe is still going strong.

People do not discount time. They discount an idea as it gathers credibility in the moment of now.




When You Finally Understand

what is going on in the markets


it isn't going on anymore.



Clip: http://www.word-detective.com/



Sun, 3 Apr 2005


What the Bleep do We Know?

Hi all,

My wife and I are watching "What the Bleep do We Know?" and I am fascinated by many of the topics discussed and the parallels to the trading tribe philosophy. (e.g. Quantum Physics, Physiology of emotions, intentionality)


I feel some of your readers may also enjoy the film and wanted to pass it along.






Mardee Martin

transcends box office expectations

Bleep uses grass-roots marketing reminiscent of other unlikely hits such as The Blair Witch Project, Fahrenheit 9/11 and The Passion of the Christ.


Bleep makes a case for a scientific nonsectarian understanding of spirituality.

Clip: http://www.whatthebleep.com/


Sun, 3 Apr 2005


Book Ready for Workshop?


Will you have your book available at the upcoming workshop? 

See the link on the FAQ Index page, above for details, including a publication timeline.

Sat, 2 Apr 2005

Is Shorting Different from Going Long?


Firstly, I must thank you your insightful comments. I have been developing a trading system for stocks. I have developed several that work on the long side easily and give positive results on past 20 years data.


I am struggling to develop one for shorting stocks.  Not one idea has given positive results in down markets. I read that since bear markets are fast, one needs shorter term Moving Averages to get positive results. I tried that and it also failed.


Please point me towards the right direction.

You might consider going with what works and abandoning what doesn't.




Bull Markets Typically Climb


on fear of Bear Markets


Clip: http://www.loc.gov/rr/print/


Sat, 2 Apr 2005


Noticing Unwillingness


In TTP Description FAQ Thu, 24 Mar 2005:

Ed Says: I notice you don't mention SVO-p as part of the process.

Your passive [I am asked to provide] does not reveal the identity of the asker.

Nice catch – I choose to take it as an entry point this weekend.

I immediately recall another post, “Testimonial,” Fri, 11 Feb 2005, in which my opening sentence makes use of past tense:

“… my business has made remarkable progress …”

I also immediately recall, in my 2005 New Years Proclamation (#2 on the list) a statement that feels related to this issue:

“… my results in 2004 indicate that my intentions are stronger than what I am willing to proclaim …”

I recognize an issue surrounding my unwillingness to live up to my own values, my unwillingness to accept responsibility for my own successes, and my unwillingness to accept responsibility for the failures of others.


Not only do I notice that I can not possibly live up to my ability without living up to my values, I also notice that I intentionally sabotage myself; disallowing my ability to bear its fruit if that fruit is not nourished by the values I know to be right.

Thanks for the catch – it helps me clarify the entry point.

Sometimes an entry point develops into a trend and a nice profit emerges; the cool thing about TTP is that this seems to happen every time.

Whatever you are doing in the moment of now represents your intentions - including worrying about your concerns.


You might consider taking your worry feelings into the process.




It's Easier to Bear Fruit


when you enjoy it.


Clip: http://www.abc.net.au/science/





Fri, 1 Apr 2005


Pattern Recognition

In response to the “Typoglycemia post, FAQ Wed, 30 Mar 2005:

Ed Says: I wonder which of the various permutations of


you might recognize, out of context of the rest of the sentence.”

Yes, the human mind has some pretty advanced pattern recognition functionality. The hard part is drilling it down into code.





For the Willing


drilling can be thrilling.


Clip: http://www.unipac.ca/


Fri, 1 Apr 2005


Perceiving Feelings

Hi Ed,

I notice that the we often perceive a certain feeling in a way that actually represents the judgment / feeling of repressing the actual feeling that we think we are perceiving.

For example, I might go to the hot seat thinking I “know” what my “fear” feels like.


When I get to the hot seat, however, what I find is that this “fear” feeling is really the feeling of repressing fear – which is “hiding” the true experience of the form of fear. Usually, when I get to the actual form, it is pretty cool and not at all like the initial feeling / judgment.

Very nice insight.




The essence of a knot

lies at its nip or binding point.


The essence of a k-not

lies at the point where it binds

with its own self-judgment


Clip: http://www.uib.no/People/


Fri, 1 Apr 2005


Trader's Window

Did you change the title of your book from
"The Trader's Window" to "The Trading Tribe"?


Is "The Trader's Window" still a work in progress?

The Trading Tribe is about The Trading Tribe and TTP.  See the FAQ Index, above for details.


The Trader's Window is a novel about a Trader and some of his adventures.  It is not in publication.

Fri, 01 Apr 2005


Right to Left ... Why?

Mr. Seykota,

I have been reading your FAQ for a couple of years.  Lately I noticed that I read your answers first. I usually read the question if your answer feels somewhat abstract to me. This is very strange but I think this is due in part that I stopped listening and reading other people's opinions about the market's health and just let my system feed me that information. It can also be a sign of aging --- time becomes more precious as one ages.

See the item to the left.






Clip: http://www-astro.physics.ox.ac.uk/