December 21-31, 2005
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from Ed in Red)
Tue, 27 Dec
TTP Report - From a
Guest at the IVTT
DIM, I notice that I have been able to release anger and frustration
(which has been extraordinarily valuable), but sadness is different.
Alone, I cannot cry or feel weak and vulnerable. There is a K-not.
I take the hot seat and genuinely appreciate the opportunity to work. I
immediately begin to feel, to the fullest extent possible, emotions of
sadness that have been stored within my mind and body for decades.
With the support, encouragement, and respect of the group, I risk shame.
I am able to completely experience my feelings, appreciate their value,
and watch them change.
as gut-wrenching sadness, trans-forms into laughter, gratitude, and a
new feeling of being alive.
During my experience in the hot seat, I admit that I occasionally feel
uncomfortable because I consider myself inferior to others. I commit to
a solution, and the group commits to holding me accountable. I'm
pleased to report that I have yet to feel inferior in the company of any
one, and that there have been many opportunities for old familiar
feelings to arise.
What a wonderful gift to have received: a more peaceful and secure,
optimistic, creative, motivated, and capable sense of myself. Thank you
Ed and the IV Tribe. Best wishes to all for the New Year.
Thank you for sharing your process.
is like having a sender,
a receiver that keeps the sender in his head,
and no healing field of acknowledgment
and then paying a couple hundred bucks
for a 50 minute hour.
Mon, 26 Dec
Keeping it Simple
I hope you're doing well. Things have been really good since the tribe
meeting, thank you. I'm still working on the narration of my experience.
I have lesson one down (TLCM), and I believe I'm ready for lesson 2.
Trade with trend
Let winners ride
It's amazing how many teachers complicate things rather than simplify
Thanks for keeping it simple.
I heard a memorable quote recently from a professor. "I'd rather teach a
willing student 400 way s... than teach one way to 400 unwilling
Here's another one:
"In times of gathering together, make no arbitrary choice of your
associates. There are secret forces bringing together those people who
belong together."(Lao Tzu)
What do you think?
Keeping things simple is pretty
simple, in theory. In practice, keeping things simple can engage
The Megaphone Pattern
The February 2006
Natural Gas Futures Contract
has an expanding pattern
of higher highs and lower lows.
A simple trend trading system
that goes long on higher highs
and goes short on lower lows
might experience something like this:
Net Loss per Contract = -6.75 handles
or $67,500 in 6 weeks.
Sun, 25 Dec
I am now ready to start a Connecticut Tribe.
Sun, 25 Dec
A Fair Fee
I wish you a very merry Christmas and prosperous New Year for 2006.
Thank you for letting me place some of you pictures and captions on my
website it seems to have helped to illustrate my system and trading
style to potential investors for my fund that will be starting next
I do have one question, and that is when operating a trading fund which
has a 30% performance fee paid to the investment manager and 0%
management fee, when an outsider raises some capital for the investment
manager, then what is the approximate percentage of that 30% performance
fee that is generally regarded as the norm for a fundraiser's slice?
I have been negotiating between 20% and 30%, but I feel that 20% is more
appropriate and fair.
Thanks for your help and for the continuing good content of you website.
Thank you for crediting
www.tradingtribe.com for the
Per your question, FAQ does not
recommend specific trading system parameters, or
tell people what they should do.
You might consider taking your
feelings about "fair" to your Tribe as an entry point.
Fair is a Concept that Politicians
to transfer power from the strong to
in the name of the weak.
Sun, 25 Dec
Very interesting article at
www.radialmomentum.com . While the Bernoulli principle is at the "core"
of fluid physics, it seems that it is often misapplied. Does the
velocity increase due to the pressure decrease? I would say yes, as this
would obey Newton's laws. To say the pressure decreased as a result of
the velocity increase, violates these laws.
Your radial momentum explanation makes a lot of sense, but isn't this
the same thing as saying that a fluid (which has mass, and therefore
inertia) needs to have a centripetal force on it to follow a curved
surface, as required by Newton's laws?
Air flowing over a curved surface would be "slung" (centrifuged) to the
outside of the turn (decreasing density) until the pressure dropped low
enough to sustain the turn.
The resulting decrease in pressure would also cause the velocity to
increase, in accordance with Bernoulli's principle. Overall, the
decreasing pressure would cause centripetal acceleration needed to curve
Do you agree with this statement? Looking forward to your response.
Yes, you seem to have a pretty good
grasp of Radial Momentum Theory.
Particles accelerate across a
Acceleration integrates into
Pressure change integrates
into pressure level.
Radial Momentum does not
speak to the motivation to follow curving paths.
particles tend to flow in the same
direction with the same velocity until something motivates a change.
Air moving radially outward tends to
expand into larger and larger volumes, experiencing lower and lower
density, thus inducing lower and lower pressure.
Classic Airfoil Diagram
illustrates modern goofy physics.
There is no justification for the assumption
that particles traveling along two different flow paths
must reach the same destination simultaneously.
There is no justification for the assumption
that fast air has lower pressure than slow air.
Lift is a function of angle of attack,
not of wing curvature.
Nevertheless, standard physics texts
and even NASA,
continue to purvey this diagram
as an explanation for lift.
Sun, 25 Dec
On this special day I want to thank you for the wonderful changes taking
place in my life as a direct result of your teachings.
From my tribe to yours,
TTP does not attempt to fix people;
it is a method to assist people who are willing, to fix themselves.
I teach a system. For that,
you are welcome.
changes result from your own intention.
Sun, 25 Dec
The Fix is
I’m writing from [Country]. We are 3 people at the moment. I meet TTP
with the help of my friend (who writes you about DIM process at
Dec.15.2005). I want to share my TTP experience with you.
We tried TTP for the first time with this friend and I was the sender.
However, it failed. I was tried to express my feelings but I could not
concentrate enough. Also my friend, as a receiver, tried to fix me
about using present tense instead of past tense and also fixed about
cause and effect approach to my feelings. May be he was right to correct
me but I could not make it.
This experience was not successful but we know from your TTP FAQ that
first time is always difficult. We studied this first experience; we
tried to figure out the problems. (I think you call it ”workshop”). I
was also using a drug (my psychologist gave me) for 1 year. I quit
using it just before the first TTP experience. This drug was closing the
feeling pump (Fred); I think the effect of this drug was continuing at
the first TTP experience.
Two days ago the 3rd person who is our close friend also joined our
tribe. He is also reading your TTP from you website and he knows the
basics. I was well prepared for this second TTP as a sender. Also the
drug’s effect was almost disappeared. I was feeling everything (like
excitement, fear etc.) as 1 year ego which I don’t like to feel this
We started to read from your FAQ about the second TTP experiences of
others; tried to find useful examples, similar things … After that every
body shared the feelings for that moment. The common feeling was the
I started as sender and first of all wanted to speak about the fear of
this TTP. I was feeling tension and I was a little nervous. My hands
were begin to cold and my heartbeat was increased. My body’s signals
were similar to “before job interview situation”. Such conditions my
body acts like this: “the liquid or something like heat is coming from
my heart or my stomach, and it is going to my face”. I feel it
intensively from where it is started to where it is end. This heat or
liquid is spreading again and again and my heartbeat is staying very
fast and my blood is withdrawn from my limbs.
I tell them
to “touch my hands” to feel how they are cold and they understand the
situation better. My hands were started to shiver (tremble, vibrate
…these words from dictionary. I hope you understand the situation). This
shiver has covered all of my body and my voice begins to vibrate. I
tried to describe it to others. It was like; you run at -10 0C weather
at a street. Your face, hands and feet are cold but your armpits are
wet. My heart was beating faster but it is not enough to warm my hands.
However my armpits are sweated much. I hate this situation of my body.
My forehead is also getting wet. My feelings were really intense.
Since I feel really similar I changed the subject to have a launch with
an important man or woman. He or she is my boss or important customer,
important person. I feel these feelings in this situation also. But the
most I hated event is my forehand break out into sweat. It was very
embarrassing situation. It is most hated event because everybody can see
this sweat at my forehead. The receivers wanted to describe what I feel
when I have sweat at my forehead. I was feeling: the important man is
“Look at this guy… What a pity! He is sweated without a reason. What
kind of a disgusting person is he?”
I hate my body, my Fred, to make me in such a bad condition. The
receivers want it to express what I feel when I looked to myself from
outside and see there is a sweat at my forehand. I was look in to my
self from mirror and shamed of myself.
The important man at lunch is thinking as
“How can I talk business with this poor guy… He is started to sweat
without a reason … if there is a challenging condition; I can not
imagine what this poor guy do.. May be he dies from excitement …”
I hate this body to make me feel really terrible. I can not control the
heart beat or sweating.
Then I changed the subject were exactly I wanted to come.. The
This is where I feel worst. Audience is looking at me. They are seeing
that I am not a normal person. He is excited very much, his voice is
shivering. They were thinking that I am a normal person but now I am
exciting very much, shivering, forehead is full of sweat. I was feeling
this condition deeply as I was performing a presentation, at the room of
our house at the front of the receivers. I think they understand my
feelings very clear. They encourage me very well and I was sweating,
shivering, my heartbeat was fast, my breath is like you run 200 meters
fast and you try to give a presentation.
At that point the third person has told me: “you don’t want to see the
audience while you were sweating”. I say: “Yes, I hate this situation
and I sweat like in the sauna without a reason” he told me “you want to
hide but you cannot make it”
I stuck and cannot say something. The liquid (normally comes from my
stomach to make me excited) comes from my back, back of my shoulders and
back of my neck and goes to my hairs then goes to my face. While the
liquid going on this way the hairs where it goes, raised! My hair
raised, my beards are raised and my eyes get wetted. I feel a salty
taste in my mouth. And the liquid continue to go through my arms to the
hands. I was shocked! This liquid is taking the withdrawn blood
back to my hands and my cold hands begin to warm. The liquids pumped
again for 2 or 3 times. I described what is happening at my body.
(after finishing TTP) they understood the condition from confused
_expression of my face. I was shocked. At that time we think that it
should be an end for TTP. We started to discuss the situation. “Hiding”
is the key word for me to feel this “first time in my life feelings”. At
that moment, all of us were making comments for this event. It was a
long time to start this TTP and the second friend wanted to go WC and he
told loudly YOU ARE TRYING TO HIDE SOMETHING”. Actually this
loudly _expression was the middle of his comment; he was explaining
something and may be he did not want me to go into the TTP deeply again.
But I don’t
remember what he said at the beginning and at the end of his comment. I
just stuck for this loudly _expression. He went to WC but his sentence
was in my mind. While he was saying this I think ... as if my father and
my father were speaking with his hand remarking me and saying. “You are
trying to hide something”.
At that moment the time went to 12 years ago and I remember the high
school. I think this was an A-HA!
My past schools before high school were successful and my parents
trusted me. But that second year of high school I was terrible, I did
not went to school properly. I failed 5 courses out of 6 for attendance.
Since they trusted me they even don’t ask the school about my courses.
And my friend and I planned to change the school report. We prepared for
this changing process 2 or 3 weeks. We invent something to erase the
ink. But when we get the report we see that it is an ink that we cannot
erase. We tried to change the letters like “E” to “B” by using the same
color ink. But the operation failed and my parents understood the
situation easily. I feel big embarrassment. But the more important thing
is that: I was trying to hide this situation by telling them that my
lessons are good and they don’t need to go meeting for my courses at the
school. This period harmed me because I was trying to hide for a long
After he goes to WC I explain the story to my other friend. I felt the
strange feeling again and again while explaining the hiding process. And
I connect this hiding process with the presentation situation hiding
about excitement. Yes I was trying to hide the excitement of myself from
other people. My heartbeats became normal and my breaths are slowed
down. I take a deep breath. Now everybody understands that the tribe is
gives me an advice: Before starting the presentation you can tell the
audience that you are excited, and you feel tension. And another A-HA
comes out. At one of my past presentations, I started very excited and
my heart was beating crazy. Then I felt that if it is continue like this
I cannot finish the presentation. And I told the audience unwillingly
that I’m so excited. And than I was felt relaxed and this presentation
was one of the best of all.
I understand that I should not hide my feelings from others. If I feel
nervous or excited I should tell to others.
We celebrated this TTP. And we feel we achieve something that is very
important. From my point of view; this was an amazing experience. I felt
better than past 10 years.
I want to thank you Ed, for TTP and thank my friends for their help.
Thank you for sharing your
Trying to fix the sender
tends to interfere with the process, as does trying to give advice.
If your receivers cannot resist trying to fix you or giving you advice,
they might consider taking their needs to do so into the process on
their own turns.
Sweating it Out
is just another form.
Fri, 23 Dec
to Follow: 10, 50 or 200-day
I have always liked your philosophies and thoughts on life/people even
when I was trading based on guessing the end of trends. I had finally
learnt the hard way that trend following is the most efficient approach
If we use a simple strategy of staying in the position as long as the
Simple Moving Average is sloping favorably. Exit/Enter IF and ONLY IF
the moving average line clearly "turns" on a daily chart. But which
level do you think is the best: among the most popular: 10dma or 50dma
You always suggest traders to follow "The Trend". But what level is
best. Too long term will have too much drawdowns of open positions. Too
short term will have too many entries and exits. Where is the middle
From your writings, I felt you know the answer, just that you have not
bothered to explicitly tell, at least in whatever I had read of you from
the books and web.
For my thoughts on trends, see my
article on Trends at TSP, above.
You might consider taking your
feelings about wanting to find the best to your Tribe as an entry point.
Finding the Best One
depends on the use you intend.
In this photo,
three top research analysts
are waiting for the judge to declare
whether the 8, 6 or 1 day moving average is best.
Thu, 22 Dec
PTSD - Call of the Wild
I would like to share an experience with TTP in a new application that I
had with the (city) tribe.
I recently had
a very emotionally traumatic experience --
Sally was attacked by a coyote right in my front yard and died in my
arms about one hour later. The attack was brutal and bloody, she died
from shock and blood loss.
elderly and frail.
After this experience, I had difficulty sleeping, nightmares, and
intrusive thoughts that plagued my waking hours and made it difficult to
concentrate on my work. I kept "seeing" and reliving different parts of
that evening in my mind and often I would wake up sobbing, or fall apart
on the job and have to remove myself from the workplace to compose
myself. I was irritable, weepy and tired all the time and functioning
The symptoms seemed similar to PTSD syndrome. I wondered if TTP would
work in this situation and decided to bring this to the tribe for some
At check in, I could not even talk about the situation without
immediately welling up with sadness and grief. The process manager
spotted my issue as "hottest" and I immediately took the seat.
Throughout several forms, the tears just flowed. I rubbed my hands
(which that night had been covered in blood), moaned loudly and focused
my attention and energy on the lump in my throat which I had been living
with since the trauma. After an hour or so and several forms I finally
experienced the positive intention of my grief -- that it was a blessing
to be emotionally intact, to feel the whole gamut of human emotion from
joy and happiness to rage and grief. It is a blessing not to have to
live my life "numbed-out".
I also saw that the coyote had been there for a very good reason. My dog
had been diagnosed with a progressive degenerative neurological disorder
just a week before her death.
There was some
rough road ahead. According to the vet she was facing: "loss of rear
extremity function and incontinence" Though he didn't say it, I knew at
some point I might have to make the decision to euthanize my beloved
pet. With one bite, the coyote took all that pain and suffering away. My
dog died quickly in my arms with you and me talking to her and petting
her, not on a table in a vets office with strangers around. The
"rightness" of all this ceased being a concept and became known on a
Since the meeting I have had no more nightmares and no more intrusive
I think of her
on occasion, feel sad that she is gone and miss her. I've started
remembering some of the absolutely hysterical clowning things she used
to do and a smile comes. I have not relived the attack since the tribe
Many thanks for continuing the work and constantly refining it to
include other applications. It really works, and helps me with the
challenges of an active emotional life.
And OH! -- here's to Sally, the smartest dog to ever walk the planet!
January 9, 1993 - December 6, 2005
Thank you for sharing your process.
PTSD (Post Traumatic Stress
Disorder) is common among victims of violence, particularly among soldiers
returning form war. Modern Medicine treats PTSD with a combination of
drugs, talk therapy and discussion groups. The treatment is
TTP treats PTSD successfully in
about an hour and a half.
Coyote Subduing Lamb
The lamb may perish
in a few minutes.
The trauma from watching it happen
typically lasts until you are willing
to experience its positive intention.
Wed, 21 Dec
Thank you for your response to my email ("Engaging Hot Seat Experience"
- Dec 11, 2006).
I appreciate your comments about reviewing a commitment at the zero
I believe I have done that and I feel fantastic about my decision.
I have also noticed that my relationship with my fiancé has improved
in very subtle ways over the past few months.
Things that used to upset me now wash right over me and leave me feeling
strangely calm, unaffected, and centered.
I have also noticed that negative drama between the two of us has been
replaced by supportive feelings towards one another.
Both of us have noticed the change and we are both very happy about it.
I believe that getting engaged and TTP are responsible for the
improvement in our lives together.
I also believe that I am on the path towards right livelihood and my
future wife has always supported me towards that end.
Thank you for questioning my commitment - it made me aware of some
feelings that I was not willing to experience.
I am smiling while I type this and I feel great.
Just another passing a-ha.
Thank you for
sharing your process.
Things Move Forward
when the gears engage
they also move forward
when people engage.
Wed, 21 Dec
I've been enjoying your website for about a year now, and realize you
get a lot of email questions, so I'll keep it brief.
I was wondering
when the next installment of the TSP Project would be available and if
you had any idea about the timeline for completing the project.
Thanks for you insights.
Installments appear when they do.
The project might run on and on
until everyone finally knows everything about everything.
You might consider taking your need
for completion to your Tribe as an entry point.
Does Not Have to be Complete
in order to be useful
Wed, 21 Dec
Your response was what I expected. But I had to give it a shot,
especially after reading an interview you did in
"Stocks & Commodities" in which you said, "Good money management is
equity invariant. I'd ask a trader who thinks he needs a certain amount
before he can trade exactly what amount he would need to stop trading."
I'm also confused, was my question such a burden that you had to make
an example out of me on your webpage? Because it makes me feel pretty
Yes you are indeed an Example: See
a classroom forum in
which contributors can ask questions, become
examples, and support each other.
Yes, in my opinion $5,000 is a
pretty small trading account, see
Rules of Thumb.
See Keeping it Simple. See
Phrasing a question so as to frame
the sender as pathetic and the receiver as guilty is a strategy I
discuss in my book.
Such extortion attempts generally
works best on people who are unwilling to feel guilty.
Your use of this technique is
consistent with (1) your complaining about being small (2)
your asking me to
make concessions and (3) your having a small amount of money.
try to exact concessions
by threatening to make people feel guilty.
This strategy does not work on Tribe Members
who are willing to experience their feelings.
Wed, 21 Dec
Chicago Tribe Full Up
Our tribe is now 10 members strong excluding [visitors]. At this point our
tribe is full. I am not sure if you want to make a note on the FAQ, or
if I can just tell people who are interested when they contact me.
Your listing now indicates
People in your area who who are
unable to join your Tribe may write in to start another one.
Wed, 21 Dec
(Average True Range)
I need help with regard to the calculation of ATR.
The computation of ATR follows from
the description at System Math at Resources at the Trading System
I am not clear exactly what help you
need or how you know you need it.
You might consider taking your
feelings of needing help to your Tribe as an entry point.
Unwillingness to Experience
feelings of need
leads to co-dependence