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from Ed in Red)
Mon, 18 Apr 2005
Since your Book web pages were posted near the end of March, I kept
rechecking those web pages. Yet, until now, I repress my emotions around it.
Today, I discover the sample pages. I would guess that previous they were
there but my CM refuse to acknowledge them. On Book page 16, 3rd paragraph,
CM opens to Fred pouring out feelings of anger and resentment at having to
pay for the book on top of previous two workshops. I SHOULD get it free. I
welcome my feelings and ask for more.
The next moment I am experience myself as an angry boy, stomping mad. Itís
not fair I have to pay for college and my older and younger siblings will
get it all free, along with others things too.
I see how I continue that system by making it uncomfortable for others to
give to me, for me to do so, or for myself to receive gifts. I feel that.
Ask for more. Next, I experience my system includes not giving myself what I
need or highly desire that would improve my life unless I tried every avenue
of trying to manipulate the other to give it to me or at a discount.
Even after I
earn the money to fully give it to myself, often, I would not or only allow
myself to by the Cheaper one and hang on to my money. I deny myself the very
gift that would soar my lifeís quality and joy. I live my story (maintain
my system); Iím not worth the reward for my efforts. I feel lighter,
happier, and excited about my possibilities.
Again, thank you for being you, sharing your gifts, passions, and your
being-ness. I continue to gain fabulous value from reading and writing to
FAQ, my two break through workshops experiences, and over one and half years
of committed active participation at our local bi-weekly TT attendance. Hee
Hee Hee, local I say, only like five hours round trip travel time for our 2
hour meeting. And I thank myself for being me, my courage to accept what I
can, appreciate what I can, and sharing my gifts and myself.
My check is in the Mail. Hee Hee Hee. I already loving my gift, an awesome
present. Oh, an aside, I just notice on rereading my letter, the word play
of present, two meanings: a gift and in the now moment. YES.
In Your Pocket
what to do with it
in the other guy's pocket
substitute "portfolio" for "pocket"
Mon, 18 Apr 2005
Ed Says: In cases where the sender (1) keeps
complaining about his official drama and (2) does not move forward with TTP,
the sender likely has a super - drama about being incorrigible.
A receiver with a knot of feelings about needing to fix others can easily
fall into co-drama.
The receiver's TTP move, is to dissolve his own "need to fix"
until he is clear enough to tolerate receiving "incorrigible" from
At that point the whole system collapses into bathos.
One year before you gave me this response to my constant complaints and
inability to move forward to TTP, with regard to some specific issues.
I also notice how the theme of incorrigible senders gains your attention, as
you devote a chapter about it on your book.
To this time, I am aware that the "super-drama" of being
"incorrigible" revolves around a deep "super-knot."
I sometimes have this feeling of utter failure with regard to some plans and
wishes that never came true, despite my efforts.
As I probe it,
I feel this deep interior loneliness, from which I have always been trying
to escape as it pulls me further and further into it. Do you also feel
the same sometimes? Do you believe in fate?
You once told how you like Dickson Watts' quotes. And he quotes: "To
conquer fate, go ahead to meet it." Is TTP all about going ahead to
receivers are essential in assisting you to meet your feelings and to
convert them from adversaries into allies.
a Tribe of receivers, you are likely to continue skillfully avoiding your
feet to the fire
Sat, 16 Apr 2005
Wants to Start
I have just come across your website and was so moved to send you this
I would very much
like to know more about your organization and how to start a group in my
Tribe Directory - How to Join, above for instructions.
Fri, 15 Apr 2005
You may know about this already. I think it is pretty funny and pretty
revealing about how academia sometimes works.
for Gibberish Prank
Fri Apr 15, 8:32 AM ET - Reuters
By Greg Frost
CAMBRIDGE, Mass. (Reuters) - A bunch of computer-generated gibberish
masquerading as an academic paper has been accepted at a scientific
conference in a victory for pranksters at the Massachusetts Institute of
Jeremy Stribling said on Thursday that he and two fellow MIT graduate
students questioned the standards of some academic conferences, so they
wrote a computer program to generate research papers complete with
nonsensical text, charts and diagrams.
The trio submitted two of the randomly assembled papers to the World
Multiconference on Systemics, Cybernetics and Informatics (WMSCI), scheduled
to be held July 10-13 in Orlando, Florida.
To their surprise, one of the papers -- "Rooter: A Methodology for the
Typical Unification of Access Points and Redundancy" -- was accepted
conference organizers had not yet formally rescinded their invitation to
present the paper.
The students were soliciting cash donations so they could attend the
conference and give what Stribling billed as a "randomly generated
talk." So far, they have raised more than $2,000 over the Internet.
a little practice, they might be able to produce market commentary.
Professor of English
Fri, 15 Apr 2005
In my religion, when a beloved passes away we should moan his passing
for only three days and after that life should come to normal by
accepting the judgment of god.
In trend following, when a stop loss is hit we should accept the stop
loss and not buy/sell until the price reaches the buy/sell point again.
The distance between the stop loss and the buying interval point is a
moaning period which is healthy to the trading system by making a breathing
period which minimizes losses and gives the price space to show direction
before buying/selling again.
does not tell people what they should do. See Ground Rules.
tell people what they should do.
don't know about you.
only see a couple of them
work for me.
Wed, 13 Apr 2005
Bypass the Ground Rules
In your Market Wizards interview Schwager tell you don't have a quote screen
at your desk. He says you run your software at the end of day and send
orders to your brokers for next day. Do you still trade this way?
does not offer specific trading advice or reveal personal information.
See ground rules.
Wed, 13 Apr 2005
I want to start a tribe here in S„o Paulo, Brazil.
Wed, 13 Apr 2005
Price, not Time
is of Essence in Trading
Hello Ed Seykota,
I have emailed you before and I am not sure you got my email and I donít
know how to reach you, this time I am working on enhancing the idea of trend
following by removing the time relationship between the trader and the
price to achieve the PRICE ONLY trend following system.
I have read about using time based breakouts as an entry and exit in trend
following and that great traders have used them along with money management
with huge success. I think this success is because they use proper money
management, trade in the direction of the trend, stopping losses, letting
profits run and diversification; but their entry and exit methods and
volatility measures are time based and in trading time does not exist which
is the first rule in trend following "ONLY PRICE".
Trading cannot involve the use of "Time" as a measure because of
its ever changing relationship with the price, which can lead to losing the
first part of a trend and in reversals and minimizing profits in sideways
and in breakouts that happen after a sideways market.
Time is not of an essence, Price is:
Price can only be measured by "Intervals = Price moving distance"
For example: the price is constructed from deferent trends varying in length
starting with as small as 2point trends to 300point trends and above in any
of two directions.
Time based breakouts are wrong because time is relative and current price is
the only guide to trade and price doesnít have history. Time is number
humans use relatively to establish communication with one another so time is
a relative although itís a number. For example we can say two people lived
40 years but one of them was an athlete, in this example the athleteís
body had undertaken more changes due to continues Training (circumstances)
so we can say his body lived longer from an absolute perspective that it
changed more, so we can actually measure absolute age which is more precise
than relative age.
Point and Figure Chart
price on the Y-axis
Wed, 13 Apr 2005
I really want to attend the May Workshop.
Iím writing to
ask if you have any scholarships or internships available.
Please consider my request and let me know if this would be acceptable.
I am focusing much
of my daily attention towards financial abundance in my life. My
late-blooming in this arena is regrettable but a current reality.
Mastery is a pre-requisite for the Workshop.
might take your feeling of not having enough money into the process.
Wed, 13 Apr 2005
Dear Dr. Ed "Yoda"
I had a party at my house where after a few bottles of wine, I read parts
from your website. Everyone seemed to identify with Fred and CM. None of my
friends make their living in finance but they could all identify that they
were traders. They understood that they were trading their time for
something. Like Hakeem Olajuan, the Nigerian born 18 year NBA Allstar said,
"Time is the biggest capital in life."
And then they asked about you. And after I told them about your track
record, my friends, "Well since you follow him, do you have any tips
from him that you can tell us."
"Lucky you," I replied," I don't just have one tip ... I have
four tips, but I didn't make them up. They are straight from the man, the
trading yoda, Ed Seykota. I am only like junior varsity Luke Skywalker here
repeating the Jedi trading campfire stories. But, if you can just obey the
first one you are ahead of 90% of the players. So listen closely young and
1 Trade with the trend
2 Cut your losses
3 Ride your winner
4 Manage the risk
And they all looked at me as if I was Moses coming down with the ten
commandments. Then they expected me to part the Red Sea. Maybe after a few
more trading tribe sessions.
My favorite quote of yours:
"Do I like gold? Sure I do, it is shiny and
And lastly, I am probably among the first 10 people to order your book.
I promise that I won't sell it on ebay for $1,000. But once people get the
AHA moment about your methods, all bets are off.
Many thanks for your contributions.
things, including my website, may reveal an effervescent aspect with the
assistance of a few bottles of wine.
four "tips" are hardly original. They likely date to the
days of trading dinosaur bellies on the JFME (Jungle Fruit and Meat
Mon, 11 Apr 2005
Someday, our planet will be forced to find an alternative to crude oil as
its primary energy source. What do you think humankind will use to replace
Sooner or Later,
won't be able to refill this.
people run out of things:
They use less.
They pay a
They get it
They wait for
supply to appear.
Mon, 11 Apr 2005
Doesn't the market operate in future time; since, by its very nature it
anticipates the future?
or put up their money now with hopes of getting back more money in the
Someone, such as yourself, that has a keen understanding of himself and his
fellow man, can properly discount an idea as it loses or gains credibility
in the moment of now. I doubt if the average market participant is capable
of doing the same.
Similarly, neither does the current discounting theory of markets in finance
and economics hold the Responsibility Model in mind at heart.
The popular theory
looks forward into the non-existing future. There is some kind of magic
involved. The magic of the market place where all the participants, taken
together, are endowed with an intelligence far superior to that of any
It identifies, in hindsight, two events that happen around the same time.
Then, strangely, working back-wards in time, it deems the first event the
cause and the second event the effect.
For instance, this
popular discount model would assume the 1929 market top and subsequent
decline properly discounted Hitler's rise to power, World War II, the
Depression, and the Holocaust.
The model presumes these events to be predetermined or fixed in future time
... affecting the present back-ward in time and are generally assumed to be
linear. These assumption are never met in the real world. Its only something
an academician can conjure up.
I brought forth my original question because I was unable to intuit how you
were using this term - discount.
market does not anticipate anything. The market is a meeting place.
anticipate things. They do so in the moment of now.
talk about the past and the future although no one can produce evidence that
people can gather
the moment of now
register their ideas
what things are worth, now.
people frame their thoughts
notions about the past and future.
do that, too,
the moment of now.