© Ed Seykota, 2003 ... You may not reprint without permission.

Ed Seykota's

Frequently Asked Questions

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July 6-12, 2003

 

Questions

(Quotes from Ed in Red)

Answers

Sat, 12 Jul 2003

 

In-n-Out Urge

Hi Ed,

From your FAQ writing, I gather one's system design needs to find a balance between heat and whipsaws, depending on which eats up less stomach lining in the trader's particular psychosomata.

 

Whipsaws at least give one something to do, while a big heat wave leaves one waiting, hoping, fanning, re-running back tests until it ends.

The test for a system, I suppose, is to see which generates a better Lake Ratio, enduring heat, or going in and out of a market. If they are about equal, then pick the one which is easier on the nerves.

In your experience, is this a workable approach?

Everything works perfectly well to produce the result it produces.  On some level, everyone gets the results he wants.

 

Heat and Whipsaws do not exactly "balance."  Heat is, more precisely, proportional to whipsaws, not balanced against it.

 

At small heat (timid trading) your trading has little impact.

 

At moderate heat, trading has moderate impact.

 

At high heat (bold trading) your trading may succumb to wild volatility.

 

The balance you seek may be between timidity and boldness; between heat and cold.

 

TTP may help you discover the items you wish to balance and the proper set points for you.

 

 

 

Finding a good balance

 

depends of defining

what you want to balance,

and using good measurement tools.

 

 

www.howtobrew.com/ equipment.html

Sat, 12 Jul 2003

Stages of TTP



Dear Ed,

Now with about 20 cumulative hours of the TTP, and several months to digest along the way, here is my concept of the stages one goes through. Is this close, or how would you improve this with the benefit of your years of experience? Or is it more helpful if each stage is a surprise as it unfolds? Enumerating stages, one could enact the avoidance behavior of just thinking about them rather than actually going through them, just as one thinks about taking a trade instead of actually placing the order, as life and the market moves on.

Anyway...

stages of awareness in the TTP:

1. fear of attending, unfamiliarity with the process. avoidance.


2. attending TT, fear of hot seat, unfamiliar, quiet, observing, listening.


3. trust, I bring my problem to the hot seat, feeling of swirling into unknown states of consciousness.


4. Survival. euphoria. release. Aha. glimpse possibilities of the Process.


5. receiving, clumsily working, not knowing exactly what to do.


6. more receiving, more hot seats, learning, understanding.


7. realization these are not "my problems" or "their problems", they are "the problem" of the moment experienced and resolved more or less by everyone in the tribe simultaneously.


8. major emotional repressions resolved. Fred relieved. mind clear.


9. hot seat to work in mental world, setting, achieving life goals.


10. expertise receiving. perceptive, cognitive state of mind.


11. hot seat to work issues aligning emotion, mind, soul, life purpose, world.


12. helping others through TTP in the present moment.

You may have a tendency to conceptualize and theorize rather than to experience. 

 

You can check this out by comparing your feelings of:

 

just  being there with your feelings

 

making up good theories about your feelings.

 

 

Describing Feelings

 

is not the same

as experiencing them

 

Clip: www.ems-us.org/ newslett06.html

 

 

 

Fri, 11 Jul 2003

 

Portland Area Tribe


Hello Ed,

In the interest of all of us thus far involved it has become apparent that instead of a Northwest Tribe that every major area has its own tribe, Seattle, Olympia, Bend, Portland, etc. With that said, please change my contact information so that it reads Portland Area Tribe and delete my last name.

The Portland Area Tribe in this last week has grown 100% (we now have 2 people). We are to have our first meeting on Thursday, July 17th at 7pm in Portland.

Best Regards,

Done.

Fri, 11 Jul 2003

 

TTP on

The feeling of blockage has do with the feeling of guilt about fairness Ed often talks about. Strangely enough, it is as if I feel guilty about being happy and as if I don't deserve to be emotionally happy.

At this point I also acknowledge that the blockage is a label. I re-frame it as neither positive or negative, so as to be OK about feeling blocked; so as to feel blocked joyously. Trying to define what this blockage is increases the drama and tension. I go the path of least resistance instead.

Working with a good receiver can facilitate the process - particularly with drama-motor feelings you judge to be bad or even unpleasant.

TTP seems to help resolve various issues associating with feelings Fred wants to communicate to CM.


TTP can help you reframe monsters into resources.

Fred's unexpressed feelings tend to nest in tangles and knots:



The Trading Tribe encourages fully experiencing the entire system of feelings; this might involve returning to feelings recursively, like pulling apart the strands of a knot.


The Essence of the Knot is knot feeling your feelings.


 -----

Then, when asserting myself, my feelings and needs is warranted, something invisible seems to block me and prevent me from doing it. That's it. I feel blocked.

I'm asserting my needs ... and I don't feel any blockage. I feel something else. Describe your feeling of blockage. Blocked where? How?

As you experience one set of feelings, it may disappear and another set may appear.

 

You might pass through a half dozen interlocking feelings before you get to a key experience that spills the knot.

 

 

 

Interlocking Knots

 

One way to loosen knots

is to appreciate their positive intention.

 

Clip: www.polocrosse.net/aus/ qld/rosebowl.html

 

Fri, 11 Jul 2003

 

Feelings and Focus

Dear Mr. Seykota,

I have enjoyed your web sight a great deal since i discovered it several months ago, thank you for sharing your wisdom. I thought that some of the feelings I have about trading and myself might be relevant for the FAQ section.

When I was 23 i had an emotional wipeout. My mother slowly died of cancer, and a longtime girlfriend who i thought I would marry dumped me.

 

I feel ashamed to say it but It I cried every day for months, often at night when I tried to sleep, other times in the morning when i woke up.

 

I felt devastated by two losses at once, very lonely and isolated from other people. Theoretically, I would like to think that I am and should be independent. However Feeling like no one cared about me really hurt. Fortunately, I maintained my health. I now feel somewhat ashamed of what happened to me and how my life fell apart.

In the last 3 years (I'm 26 now) It feels like I have made a great deal of improvement. Overall I am happy and enjoying life. Instead of fighting my moods, or beating myself up over them, I try to experience them as a passing cloud.

How does this tie into trading? I have followed the markets every day for the past 6 years, and traded for about half of them. I love the constant change and the sense of opportunity. I have always been good at winning contests and games, and I think this has something to do with my attraction
to the market.

I ended my " emotional wipe out" year down 9% on my account. That does not sound too bad, but for some reason the feeling of loss I had at that time magnified the way it felt to me. I managed the losses by trading very small, so to lose this relatively small percent of money I experienced many small losses.

Since that year I have continued to follow the markets and research ideas (which I enjoy a great deal) but have not traded with any consistency. I can't even decide on a style or approach that seems to fit me. I seem to jump from idea to idea, not knowing what approach suits me best or would be most effective given my account size. (I stopped trading when I realized my erratic approach would not create positive results.)

 

I have been too afraid of loss. I have become somewhat fearful in other areas of my life as well. I have had a hard time making new friends and meeting new girls.

 

I am afraid of the feelings I felt three years ago. I fear getting rejected after someone gets to know me. Sometimes I can't even believe how I fell apart, and I am afraid that other people will find out and think I am a loser.

This concerns me, because I feel that to achieve anything worthwhile in life i will have to be willing to put myself out there and take smart risks. I always admire people who are willing to step out and embrace life, and that's how I want to be. I don't want to be an undisciplined dabbler, which is how I have felt.

Just writing the above actually making me somewhat emotional, I am not sure why.

Thanks for any insights, and congratulations on your web page and the success of TT!

You might see if you can identify some of your feelings of shame, fear, loss, rejection and isolation.

 

Un-experienced feelings are typically unpleasant.  Tribe members help cheer you along the way.

 

 

 

Don't forget the importance

of a great cheering squad.

 

 

Clip: www.tpsd.org/mms/cheering.gif

 

Thu, 10 Jul 2003

 

Starting a Tribe


Hi Ed,

I want to do the Trading Tribe Process and would like to start a tribe in my area. Could you recommend ways to find members?

 

I have talked to some people in my trading room, but was surprised by their responses. They seemed scared of the idea.

Thanks

If your trading room buddies are all afraid, you might invite them to gather to share their experiences about such fears.

 

 

 

The Positive Intention of Fear

 

is risk control

 

 

Clip: www.cancerhelp.org.uk/help/ default.asp?page=218

Thu, 10 Jul 2003

 

Tribe Questions

Hello Ed,

I hope you are well, apologies for absence due to active trading and also trying to solve some dilemmas with my stock position sizing algorithms. I not completely satisfied with my method, at present I am using volatility to decide on how many percent of my trading capital to stake on each trade. This is ok, but when I take a good long look at the actual volatility indicators used to perform this function I see that they are not as good as they could be, and also that none of the indicators I have seen really reflect a true measure of volatility from a risk point of view.

I am in the process of constructing a volatility indicator that takes into account multiple time frames so as to get a more accurate reflection. Also I am hoping to incorporate somewhere into the position sizing model, some aspect of the "Kelly formula" which I like (up to a point) as it is indicating to me that I should risk a huge part of my capital on each trade. (which I disagree with ) Aside from that it makes sense to me to increase size as your performance improves and vice versa, as long as there is a cut off point of percent of trading capital risked.

The third component I intend to incorporate is the strength and direction of the trend in differing time frames, e.g if the long term, medium term and short term trends are all up then this would carry the maximum rating to apply to the formula with long trades, but if one of the above was not up, then a smaller trade would be implemented. Also another aspect to consider is the strength of trend ( in all timeframes) of the index that the particular stock is a constituent of. So you can see, I have lots to think about.
I will get there, eventually ... I hope.

I am erring towards starting up my own trading tribe, rather than joining an existing one. As I said to you before, I have some questions.

1. You have stated that FAQ does not provide instrument advice or trading system parameters. If I were to start a tribe, would it be permissible for members to help each with such things as converting their ideas into computer code, and deciding on position sizing algorithms?

 

From my point of view, I don't feel I am lacking in any major psychological areas of trading, as I have evolved quite well from a very shaky start. (But I am happy to listen to other peoples problems, and try to help them solve them) My main need at this time is finding people who are expert at computer programming, as I am not as good at this as I would like to be, and could use some help. Is this sort of thing a suitable for a tribe that is under the TT umbrella? Would you still be happy for me to form a tribe that was involved in developing trading strategies, risk control, position sizing ideas, as well as TTP?

2. Also I would like your advice on how to evaluate whether or not applicants are suitable. I ask this because I wouldn't like to decline anyone's acceptance to the group after meeting them, but would prefer to have them read a set of criteria and if they have the right qualities then it will be less likely that they are denied joining.

3. Approximately how often would a tribe be expected to conduct meetings?

That's all I can think of at the moment.

I am glad you found some use in my radial momentum postings regarding two stroke engines, but I am afraid I don't know where to locate drawings of the apparatus (with pressure profiles). I will contact the person I told you about and refer him to your radial momentum site.

I was reading the below posting from the Sat 24th may and I noticed "tends" which perhaps should have said "trends" You know my grammar is not very good, so I am aware I could be mistaken.

Kindest regards

Thank you for reporting the typo; it now stands correctly.

 

Your letter is consistent with a tendency for much planning and little executing.

 

It reminds me of the sergeant who tells his men, "OK men, ready, aim, aim, aim, aim aim ..."

 

You might consider continuing to wonder about thinking about ways to plan maybe becoming somehow aware of a tribe.

 

This may help you avoid experiencing feelings about making commitments.

 

 

Commitment occurs

 

at the point of release

 

Clip: www.town4kids.com/town4kids/

kids/science/fitness/sports/img/

archery_i.gif

 

Wed, 9 Jul 2003

 

Right Livelihood


Mastery Includes:

 

The Trading Tribe Process.

Basic trading skills.

Right livelihood.

Support network.

Contributing to others


What is meant by right livelihood?

A student approaches a man lost in his work, at one with his job.

 

The student asks, "Say, maybe you can tell me something about right livelihood, and how to find it, and maybe a little about the purpose of work, while you're at it."

 

The man thinks for a moment and says, "Now those are really interesting questions.  I don't really know if I have an answer for you.  I'm kind of busy with my work, you know."

 

 

 

Wed, 9 Jul 2003

 

Wants to Assist


Good Afternoon Ed,


Thanks for another great meeting on Thursday – very insightful as usual…

Also, I just wanted to let you know that I’d like to lend a hand in any seminar activity – should you need help. I realize I’m a few hundred miles away, but I could nonetheless help with event day preparation, organization, marketing materials etc.

Please let me know.

I am planning a TTP workshop at Lake Tahoe for October 24, 25 and 26.  Watch FAQ for details.

 

 

TTP Workshop

 

Clip: www.rncasemanager.com/

calendar-october_2003.htm

Tue, 8 Jul 2003

 

FAQ's as Process


Ed,


Two years ago I liquidated my 401k, deciding to use the $$ to learn to trade. A few months ago,

having spent $24K and 24 months in pursuit of the Holy Grail of trading - buying software, attending seminars, studying technical indicators, chart patterns, etc.- and feeling totally frustrated and none the wiser (and none the richer) with regard to trading, I happened upon www.turletrader.com  while, ironically enough, searching on Google for some combination of "predicting" and "commodity trading"!

I was impressed with the site's No BS approach. I purchased Market Wizards at their suggestion and upon reading the interview with you in Market Wizards, felt "arrested" – stopped in my tracks - like an aircraft landing on an aircraft carrier, snagged and brought to a stop by the carrier’s arresting cable.

I kept going back to your interview, especially your statement "everyone gets what they want from the markets". I felt compelled to reread your interview while, at the same time, CM repeatedly admonished me for my puzzling, compulsive, irrational behavior.


Then I found your site and commenced reading the FAQs at your site, then joined a Tribe (haven’t been to a meeting yet).

All the while CM keeps wanting me to resume my former pursuit of the Holy Grail - behavior that even CM acknowledges is frustrating, unprofitable and, in all probability, fruitless. And, of course, CM thinks that participating with a Tribe is a silly waste of time.

Simply reading the FAQs led me this evening to my first Aha! FRED is at work here! I've also noticed during this time that I'm more aware of emotions, enjoying life more than I have recently, and more spontaneous.

CM is anxious and thinks of that scary time on the roller coaster ride at the amusement park when the cars first start to move forward, pick up momentum, then suddenly turn and plunge down into that dark tunnel. Everyone screams!

CM hesitates, but FRED seems to want to go on this ride!

CM is cool towards you Ed, but FRED wants to say Thanks!

The difference between

 

reading about TTP

TTP

 

is like the difference between

 

reading about sex

sex.

 

 

 

Reading about it is different from

 

doing it

 

 

 

 

 

 

 

Tue, 8 Jul 2003

 

Magic


Dear Ed,

This morning I was Instant Messaging with a young man I know in Malaysia who is about to get married. He was asking my advice on various issues he is having with his prospective in-laws. As the IM conversation intensified, it seemed natural to go into the Process with his feelings. It was 3 am in Malaysia, so his CM was less dominant, perhaps.

After going through two different layers, then afterwards asking how he felt about those same issues, he said he felt much better about them. It felt to me like the Process happened. I will wait a few weeks and see if his behaviour improves, as a sign of some real work done.

Strange coincidence occurred just an hour afterwards though, as life sometimes sends in confirmation. A biologist in Chico called about a report, and out of the blue, apropos of nothing, he said, "when I was in Malaysia many years ago, a man asked me to marry his daughter." The biologist has never mentioned Malaysia before, and our business together has absolutely nothing to do with marriage or Malaysia.

Interesting? Perhaps under certain circumstances, the Process might work long distance.

 

PS.


The day after this, the in-law this man was having trouble with wrote him a long email apologizing, reconciling, and promising not to create new problems, all this after not communicating for 6 months. Magic !


regards,

Under Fred operates in strange and amazing ways.

 

 

Under Fred Network

 

Method Actors on Demand

 

See: Trading Tribe Process, above

 

Tue, 8 Jul 2003


Getting to the Roots


Hi Ed,

The first time on the hot seat, my first issue completely evaporated and was gone. I haven't repeated that equity-reducing behaviour since, not even once.

After the second time on the hot seat, three weeks later i find my behaviour on that issue is still the same. An indication that the clearing was not complete, or is more deep rooted, or something.

cheers,

 

 

Clip: /www.btinternet.com/

~andy.brouwer/roots.jpg

Sometimes one feeling covers up another.  Sometimes feelings cross cover each other. 

 

Sometimes people connect on the Under Fred network and develop  interlocking, co-protecting dramas.

 

The purpose of drama is to raise an experience to CM's awareness.

 

TTP helps CM to recognize key experiences, so Fred does not have to engineer dramas about them.

 

 

 

When CM doesn't listen

 

Fred yells,

and sometimes enrolls Under Fred

in setting up big dramas.

 

 

Clip: http://members.tripod.com/

~adhuff/pics/abeyell.jpg

Tue, 8 Jul 2003


Anonymous Trader

Ed:

Do you know the identity of the anonymous trader interviewed in New Market Wizards under the title "Zen and the Art of Trading."

FAQ does not reveal identities of contributors ... see ground rules.

 

 

Who is that masked banker ...

 

That, son, is the Loan Arranger.

 

Clip: www.tysknews.com/images/

Lone%20Ranger.jpg

Tue, 8 Jul 2003

 

Comment on Tribe Dynamics

 

I like the adage: "When you trade your monitor will do a funny thing; it will become a mirror." The inner and outer worlds seem to be mutually reflexive.

I do feel being close together might facilitate the Process.

 

Unfortunately we don't have other choices, for the time being. Managing words, indeed, is CM's primary function and we end up, in a sense, having the fox to take care of the sheep. Nevertheless, SVO-p language may help us to filter out unwanted story telling. That's the way we are doing it (or That's the way we do it).

About having non-traders I feel it is possible. Nevertheless people in general might find this very touchy-feely.

 

On the other hand a trader who has experienced one or two margin calls, or a losing streak, has a better sense of what a touchy-feely issue is like. :-) Anyway, good luck with your efforts!

You might have a look at your feelings about touching and feeling

 

 

 

Touching and Feeling

 

Fun for some and

scary for others

 

Clip: www.aweddingfavor.com/

images/kissing.gif

 

Tue, 8 Jul 2003

 

Report from Toronto Tribe



The process works best in a group setting as I find looking at words alone through email or chat limits the ability to send and reflect feelings. That being said, you can certainly give it a try as it might work for you.

As our meetings have evolved, we speak less and less about trading even in our pre-meeting chatter.

 

In fact, we have set up a separate meeting at the end of the month to talk about trading issues as we would prefer to focus on the TTP during our regular meetings.

 

The issues we are working on in the Tribe setting are helping to make us better people which in turn make us better traders.

 

This leads me to believe that you would not need to have participants who are traders to be part of the group. A common interest would help build camaraderie and bring people together, so perhaps you look to establish a small group of parents to work on the process together? It would be interesting to observe how closely working on “parenting” issues would look to working on “trading” issues.

That’s my idea; let us know how you progress.

Yes.

Mon, 7 Jul 2003

 

Teaching

Hello Ed.

I have been studying C++. I am comfortable with C++ programming. I am not interested in reinventing the trend-following wheel. I understand that you are a very intelligent man and I am interested in paying for your expert consulting.

What is the asking price for private tutoring with Ed Seykota? I would like to cover system development, trading psychology, accounting and fund management (taxes, client issues, etc.).

 

I would like to leave with a robust trend-following system earning 80% pa with under 20% historical drawdown. At most I would like to expand my personal hedge fund into a low-taxed investment vehicle for a few wealthy clients.

I feel I am having difficulty locating my "right livelihood." I am not happy with my current employment. Do you have any suggestions for discovering or locating what is my "right livelihood"?

A trading system with an 80% long term return per annum and a 20% historical drawdown (System Frequency = 4/year) seems a bit out of scope for passive black-box system designers.

 

Your own psychology is likely to contribute more to your success than your mechanical system. 

 

You might like to attend the upcoming TTP workshop, October 24, 25, and 26 at Lake Tahoe.

 

Mon, 7 Jul 2003

 

Rule of thumb:

speculate with 10% or less


Home      300
Car        27
          ---
Illiquid  327

Stock 1   140
Stock 2    40
Bank       20
401-K      80
Cash        3
          ---
Liquid    283


Total     601


Rule of thumb: speculate with 10% or less of your net worth, and stop trading if you lose 1/2 of that, or 5% of your net worth.


In your case, your trading account would be about about 60k, with a risk of about 30k.

If your account grows, it might become your main asset. If not, you can likely handle a 5% drawdown in net worth.


Dear Mr. Seykota,

Don't you deceive yourself here? In fact stocks 1, 2 is already trading position (30% of assets). So what is the point to distinguish "core" assets and speculation, as if "core" is safe, while speculation requires
special attention.

Best regards

In speculation, one rule of thumb is to risk about 5% of your capital.

 

In order to risk 5% of your capital, you might have to invest 50% of your capital and risk 10% of that investment.

 

Thus, 30% of assets in stocks might not all be at risk, assuming trend following and risk control.

 

You might examine your feelings about deception, treachery and infidelity.

 

 

 

Deception of self and others

 

is mostly drama.

 

 

Clip: http://hcs.harvard.edu/~husn/BRAIN/

vol7-spring2000/consciousness.htm

Mon, 7 Jul 2003

 

Manhattan Tribe Report


San Jose Experiences you detailed are very similar to what we have experienced here in Manhattan. The third meeting seems to be the magical number when things seem to come together and the Process flows with ease. This is when we experienced our first Aha.

I am intrigued by your use of the phrase 'Tribe has taken a life of its own' and 'I don't know how to explain it, it just happens'. Same here with us, we did struggle during the first few meetings, but by the third meeting everyone seems to know what to do and things run on auto pilot. Maybe it is Fred who is running things -:)

When I sent out that email couple of weeks ago about starting a Intentional Communities Newsletter, this is exactly the type of information I was looking for which you detailed in your email. Thanks for sharing your experience with us.

I believe there is some merit in all of us sharing our unique styles that we have developed. For example, the Toronto tribe came up with the great idea of a 'talking stick', so that the person on the hot seat is not unnecessarily interrupted. You in the San Jose group are using the chalkboard to isolate and clarify the issues. In our Manhattan tribe, before doing the Process we use a guided breathing / hypnosis routine that I find very useful to unwind from the day, in a light trance I give a suggestion to quieten our CM and that we are all One.

 

Then we directly launch into the process. Hopefully Ed will shed some light on these practices during his certification later this year.

I am pleased that we the various tribe leads are developing friendship and camaraderie. Hope to meet everyone one day.

Good luck with your tribe and as Ed says kick butt in the market !

A talking stick can help organize  conversations.

 

Too much conversation and talking can inhibit TTP.

 

With practice, receivers can learn to offer subtle sub-verbal encouragement in response to somatic cues from the sender.

 

Inducing a trance state at the start of the meeting can facilitate the work.

 

 

Talking Stick

 

Pretty good as an early training device.

Not so hot as a crutch

 

 

Clip: www.nativestyles.com/

crafts/talking.htm

 

Mon, 7 Jul 2003

 

San Jose Tribe Report

Hi

Everything is going great here at the Tribal meetings. We have a very diverse mix of people, and the Tribe has really taken a life of it's own. There are several things that we have come across that were really important to growth of our tribe.

In the very beginning, we had a really hard time sticking to the feelings, rather than analyzing the feelings of the person in the Hot Seat. It definitely was tough following TTP to the book, and it was about the third meeting where we were approaching the Process with ease. Now, all of us can feel the Aha slowly coming during TTP, and it seems to guide the group on its own. I don't know how to explain it very well - it just happens.

Another thing is that we meet every week. While that's not a necessity, all of us seem pretty excited about it and look forward to meeting every time. There is also that sense of camaraderie, fellowship, closeness, oneness that comes with meeting frequently. It works for us, and we are fortunate that all of us are making the commitment.

What has been the biggest help was our use of the chalkboard and paper to take notes. We spend a good amount of time isolating and phrasing the issue properly before we dive in to the Process, because it gets the individual on the Hot Seat to focus on the precise issue. The great part about this is that because we are writing things down to clarify the primary issue, a lot of other issues crop up that the individual can use for another time on the Hot Seat. We just had one person go on the Seat, and the original single issue culminated into three or four different issues on the chalkboard. He was really excited, because he saw how a cobweb of issues can form from just one central issue. That was a great day for all of us!

We have received a lot of applications, and we do turn away a lot of people. The biggest reasons are a lack of commitment, not doing what needs to be done, or the applicants have selfish reasons for wanting to join.

What's really amazing is that it's the people that weed themselves out of the application process, not us. The Tribe is not about I - it's about us. There is no greater joy in the world than to have a group of people who want nothing else than to promote the personal growth of everyone else.

 

We here in Silicon Valley live in an area where people are externally driven, and who often ask, "What's in it for me?" We are very happy with the group of five that we have, so we are definitely very selective about who we accept into the Tribe. We would like to get more people, but we know it will take time.

Are we doing TTP "correctly"? I hope so, because we've been accomplishing a lot of things and getting quite a few Ahas!

Receivers who are passionate about facilitating TTP and disinterested in the outcome, tend to be the best facilitators.

 

Receivers who have friendships and business relationships with senders may wind up with conflicts between:

 

protecting their investments in each other's dramas

facilitating change.

 

Storytelling about dramas, pointing out specific trades, telling jokes and having a generally good time are all valuable - and all generally inhibit TTP.

 

You might take your feelings of wanting closeness into TTP as an item.

 

 

 

 

Parties are a nice way

 

to avoid TTP.

 

 

Clip: www.chanslor.com/party.gif

 

 

Sun, 6 Jul 2003

 

I'm looking for a Superior Trader


I'm trying to follow your advice from the book, "Market Wizards". I want to find a Superior Trader to do my trading for me.

 

My wife and I, along with our 2 children have about $50,000 invested in various retirement and non retirement mutual funds. None of them have performed very well.

 

I would gladly pay commission to a superior trader to manage our money. Please advise me on where I can go. Of all the "Market Wizards" interviewed, I found you to be the most interesting and enlightening. I greatly appreciate any help you can give me.

Offering to pay for investment services before you determine philosophical compatibility seems like a road to drama.

 

Your results indicate drama.

 

You might take your feelings of wanting help into TTP.

 

 

 

It takes a winning team

to win the race.

 

It takes clarity to gather a winning team.

 

 

Clip: www.missmadison.com