The Trading Tribe
(c) Ed Seykota 2003-2010 - Write for permission to reprint.
Ed Seykota's FAQ
Readers Say Ed Says
Wednesday, December 29, 2010


I would like to attend a workshop but it seems all have workshop experience as a prerequisite.

I have contacted a few tribes on the west coast but they are either inactive or have no room.

Is there a beginner level workshop to attend?
You can check the Workshop link above.
Tuesday, December 28, 2010

Change of Address

Hello Ed,

Happy Christmas and New year.

I need to update my email address for the[City] tribe to [email] as this present address is going to cease in January. I have had a few inquiries for new members and will let you know how it goes with them.

Please send me a new TTID.
Tuesday, December 28, 2010

Apocryphal Advice from Amos

Dear Ed Seykota ,

I would like you to explain to me two pieces of advice related to trading that you friend Amos Hostetter gave to you many years ago:

1. “Mind the cheese”;

2. “Never follow a break out trend following system.”

Many thanks for two polite answers of yours.

Kind regards,
Hmmm... I wonder where you get the idea about Amos saying such things to me.
Monday, December 27, 2010

Trading Lab Series

Hi Ed,

I sent on 12/24/2010 the email asking a permission to attend this seminar. If I am included to this seminar I would like to buy air-ticket.

I did not have any experience of the Ed workshop.

Workshop experience is a pre-requisite.
Monday, December 27, 2010

Control as a Myth
Thought about your teaching when I read this:

"Similar to perfectionism, and just as self-destructive, is obsession with control. People with money often think it should give them control over other people and their own lives, but it doesn't.

In fact, control is a myth. Control connotes absolute power, and in this world, there's no such thing. I've seen countless people waste their lives struggling for control, and the more they demanded it, the further they fell from true power.

True power comes from management, not control. Management means realizing that you can't control everybody and everything, and dealing with the world on its own terms — giving a little, taking a little."

--- What Happy People Know, pg. 58
Thank you for sharing your thoughts.  You might also consider sharing your feelings about the topic.
Sunday, December 26, 2010 6:11 PM

Wants to Hire a Trader


I know that you are wealthy beyond belief, and have very limited incentive to take on new clients, but would you be willing to accept a new client for investments? I have read numerous writings about you and by you and am thoroughly impressed.

You might begin your search for a money manager by determining how much money you are willing to lose without deserting your manager.
Sunday, December 26, 2010

Wants Advice

Dear Ed Seykota,

I am an[Nationality] trader and I would like to ask for some questions to you.

When you began to work as a professional trader, you hade a certain number of accounts under management.

This implies that you managed different accounts always separately without establishing an hedge fund?

How many were they?

Along the following years their number increased to a maximum of?

I think that in the beginning the fees obtained by managing a little number of accounts weren’t enough to allow to you to earn a living: had you a second job?

I hope you can answer to these questions as I would like to begin a career as a professional stock trader and manage money of some clients.

Then, if everything works well, I will establish an edge fund.

My already developed and multi-year-tested trend following systems confirm me that this choice can be good.

As I recall, my commissions and fees from my first year total about $200.  The experience and learnings are priceless.

Since  then, I try to keep these in approximately the same kind of proportion.

Wisdom is the principal thing; therefore get wisdom: and with all thy getting get understanding. -- Proverbs 4:7

With All Thy Getting ...

-- The Jefferson Room
of the Library of Congress
Sunday, December 26, 2010

North Point's iBand - iPad Orchestra

Hi Chief,

Something cool from the North Point.

I wonder how come they need the people to tap the screens.
Saturday, December 25, 2010

Austin Tribe Application

Hi Ed,

I write to apply to the Austin Tribe.

I have workshop experience.

I commit to attend all meetings and send reports to FAQ.

I am attaching my essay.

Best regards,
Saturday, December 25, 2010

Thoughts from the Guru:
Compassion; Gurus; Now; Meaning

Hi Ed

I just finished reading a book on the Guru at the ashram and thought I would follow up with certain passages from it. As I was reading the book, these passages struck me as relevant to some of our talks. The italicized words are his. The rest are the biographer's.

I have a feeling that all of this may already be known to you ... and that you'd asked me the questions for me (and not for yourself). :)

On compassion and "pain in the world"
"Yet another fallout of this experience was his heightened sensitivity to the feelings of people around him. It seemed inconceivable to Jaggi that people around him should be in such states of discontent when his own life was exploding with ecstasy. There were times when just the sight of an unknown person on the street in a state of misery was enough to make him weep. Later, he was to learn to harness that reaction. An emotional reaction to suffering is something he now allows himself only on occasion.

'When I see a broken branch of a tree, for instance, my energy responds to it, but my emotions do not. Once in a while I allow myself the luxury of responding emotionally, but its a luxury for me. One is still very much open to suffering but it is not more a psychological and emotional response."

On the Guru
"There is an ability to relate deeply to people's emotional needs, and an equal ability for dispassionate and uncompromising analysis. This unusual combination is probably what makes him, as he has often said, a guru with whom both approaches are possible: gnana and bhakti i.e. knowledge and devotion."

"If you sit with him, everything in you should feel threatened. You want to run away, but there is something in you which keeps on pulling you towards him - you can then assume that he is your guru. If you feel very comfortable around him, he is not. Maybe he's your friend; maybe he's a good man; maybe you should seek his blessings. But good intentions and a pleasant nature do not make a guru. A guru's intention is to awaken you, not to put you to sleep. He is somebody who disturbs all kinds of conclusions that you have drawn. He is not a solace-peddler. He is there to assist you towards your liberation".

"A guru's job is to transmit. Transmission is much more important than teaching. Teaching is only a way of knocking on the door"

On now
"When you simply look without the dimension of your logical thinking, there is no time and space. If you simply know how to look, everything is right here all the time. This moment is eternity; here is everywhere"

On Meaning
"Divinity does everything purposelessly. Purposefulness is an illusion of the mind. The universe is an empty shell where your mind frolics infinitely. And you know this only if you can play. If you're dead serious, you miss what is here, and you miss what is beyond. If you're playful and intense, you'll be receptive to life. If you're too serious, you'll miss it.
Thank you for sharing your journey.
 Saturday, December 25, 2010

Merry Christmas

Hi Ed,

Merry Christmas! The "A Round Tuit" arrives even before Christmas, thanks!

So without procrastinating, I'd like to reserve my plane ticket to visit in April for the Breathwork. In order to do that, I'd like to know if I can have your permission to attend the April 7th Austin Tribe meeting to pollinate, and if so, does it start at 5pm, and if I can't get a flight to arrive early enough on Thursday the 7th, is it OK if I arrive at the ranch Wed evening/night and stay over for the night?

Thank you for your inquiry.

I am currently putting together the attendance lists - and plan to announce them shortly.
Friday, December 24, 2010

Merry Christmas, Happy New Year

Hi Ed,

I feel happy and thankful you are part of my life. I notice more intimacy and closeness in my family this year. My greatest joy in life is receiving my children's feelings.

Merry Christmas, and Happy New Year!

Family - The Essential Tribe

Thank you for sharing your process and for the photo of your Essential Tribe.
Friday, December 24, 2010

Trading Lab Series

Hi Ed,

I want to attend this meetings, "Trading Lab Series", from Jan till May, 2011.

I will do all necessary work for these meetings.

Born in [Country], came hear in 1995. 56 years old, married, have a son. Have PhD in physics, but now work in bank (not a banker), doing some math analytics and coding in SAS. Can help in excels and VBA if you need for this meetings.

See my attach commitment to this meeting,

Happy Christmas and Happy New Tear,
Workshop experience is a pre-requisite.
Friday, December 24, 2010

Merry Christmas

Hi Ed,

I wish you and your family a merry Christmas. Also I want so wish you a successful year 2011!

Best wishes,

p.s.: I would like you to remove the "Bottrop" text at the Tribe Directory page. Thank you very much!
Thank you.

p.s. OK.
 Friday, December 24, 2010

Merry Christmas !

Hi Ed,

Thank you for all of your work, passion, commitment and support…

Happy Christmas and Merry Holidays to you and your family.

You are welcome.
 Thursday, December 23, 2010



You left the name of the writer in the December 14,2010 email. Also, in the same email he has the name of his company and you left it in.

Thank you so much for everything,
Thank you for the catch.
Thursday, December 23, 2010

Disturbance in the Force

Hi Ed,

I had a dream about you in 2005, after receiving and reading your book 'The Trading Tribe.' In the dream, you were at a kind of cosmic control panel. It was dark, and there were thousands of points of light on the giant screen in front of you. The scene was reminiscent of Captain Kirk, sitting at the helm of the Starship Enterprise, looking out at the universe of stars, only in this case - in my dream - the points of light were people, all the people that you interact with all over the world through this interface on the web. I actually felt your presence in the dream, which I found most curious and interesting.

I never started or participated in a trading tribe, but recently a friend suggested we start something that sounds very similar to your idea. This got me thinking of you, looking over the book, and led me back to your board. Then I got to looking at all the pictures you post, and it came to mind that I should warn you about the mad dog copyright troll that is on the loose on the internet called [name]. The only reason I know of them is that they sued me over a snip of an article that someone uploaded to my website. (They like to sue the smallest of small potatoes. They sued a lady here in Boston who wrote a blog from the perspective of her cat - a blog with approximately zero visitors.)

The suits generally demand $150,000 and forfeiture of the domain name. It is a basic shakedown. Anyway, their strategy hasn't worked out so well and now they're suing folks over images:

Visiting your site again tonight reminded me of that dream so many years ago, and that I was one of those points that you are somehow connected to, and I decided to do a little pulsation dance to get your attention and let you know about this disturbance in the Force.

Thank you Ed, and Merry Christmas.
Thank you for sharing your dream.

Copyrights afford artists and writers a way to profit from their works. 

Public Domain allows the free exchange of ideas. 

Fair Use allows the public some access to copyright material, as long a they do not profit from it.  This allows news reporters, book reviewers, researchers and educators to discuss the work.

This site is free; it does not charge a fee or operate at a profit.  It is educational in nature.

In addition, I observe a policy of promptly removing any materials that the contributors wish me to remove.

In order for someone to collect from you in a lawsuit, they must demonstrate damages.  I generally annotate the source of the images - and that is likely to benefit, rather than harm the owners of the copyrights.

If you have information which contradicts my analysis of this situation - or indicates I must remove the images, please let me know.

Thursday, December 23, 2010 10:21 AM

Cotton Gets a Song

Hi Ed,

I do not notice the commercial at first In the news clip about gold dispensing machines). I do look up the song from the commercial "Cotton the fabric of our lives" on YouTube. It's a great song! Like a glass of wine goes well with dinner, it goes well with the recent bull market in Cotton. (Even though it seems like it is going to be limit down second day in a row)

I hope enjoy this.

Thank you for the clip. 

Cotton may have a song. 

Gold now has a whole TV show.

Cast of Gold Rush Alaska

Gold fever is back. 
Wednesday, December 22, 2010 6:35 PM



I was listening to some people talk about certain sports figures and have also heard others talk about other people and say "they are in AWE of them".

Got to thinking that; I'm not in "awe" of anyone. I have very great respect for their talents and perhaps how they trained to develop their talents. But an not in awe of them as people or their accomplishments.

At this moment am wondering if I am missing something, some feeling that I should have but don't ... makes me pause and consider my values and judgments. After pausing and considering still back to where I was.

Pleas keep up the good work.
Thank you for sharing your process.

Awe is similar to wonder, with a bit less joy and a bit more fear, respect and reverence - that responds to overwhelming beauty, skill or power.

Béla Fleck- Awesome

A New York City native, he picked up the banjo at age 15 after being awed by the bluegrass music of Flatt & Scruggs.

-- from his own site
Wednesday, December 22, 2010


Hi Everyone,

At the workshop I commit to buying a ranch on which to raise cattle. Some of you volunteer to support my project. If you have a continuing interest in supporting my process, please respond to this email update. Those of you who do not respond are taken off the distribution list.

After the workshop I travel to west Texas to look at ranch properties. I see between 20 - 30 properties, ranging from 25 acres to 300 acres. I also see a lot of cows. As I tour the properties I feel a sense of calm as I take in the land and watch the animals meander about. I also feel joyful about the possibility of slowing down my life, connecting with my land, and becoming self-reliant. I feel a strong desire to be part of community where people work with their hands, depend on their families, and support their neighbors.

I am taking two weeks off for the holidays, after which I plan to resume my search. In the interim, I subscribe to Acres Magazine and buy several books on farming. After the holidays, I intend to travel once more to Texas, and am also planning visits to Washington State, Alabama, and Maine.

Thank your for your support.
Thank you for sharing your process. 

I support you in learning all about farming before you buy too many cows.

The City Slicker

buys a bunch of cows
at a great price,
and then finds out
they like to eat meat
and don't give much milk.
Wednesday, December 22, 2010

Workshop Project Support

Hi Everyone,

Rather than sending an individual email to each workshop participant, I am sending a group email offering to support each of you with your workshop projects. If you would like my support please send me an email, or simply include me in your group correspondence.

Thank you again for supporting my work in Austin. I enjoy meeting each of you, and wish you all the best.

Take care, and happy holidays!
Wednesday, December 22, 2010

Happy Holidays!

Hello Ed!

Thank you for your continuous support.

We wish you and your family Happy Holidays!

Merry Christmas and Happy New Year.
Thank you.
Tuesday, December 21, 2010


Merry Christmas and Happy New Year!
Thank you.
Tuesday, December 21, 2010

Doha Tribe


Please add the attached to your directory.



Doha, Qatar