Freezing Up
Ed,
with acquaintances and friends i consider myself to be a person with pretty good "people skills". there i can make everyone laugh, people seem to like me and i can have a good time with them.
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Reader Says | Ed Says | |||
Tuesday, September 14, 2010 Copy Cats I gott 'em red handed! I stumbled across a blog the other day who “copied and pasted” some of your content and seem to be using it for their benefits! I asked where they got the content from and they ended up taking it off! Figured I would let you know..I spend a lot of time on the web and like to help out other reputable sites! Is your content in house? |
Thank you for the information. |
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Tuesday, September 14, 2010 Site Ed, Are you still operating the site? Thanks, |
Yes. | |||
Tuesday,
September 14, 2010 Magazine Cover Indicator Ed When magazine covers get pretty emotional, get out of the position. There's nothing else in the magazine that works very well, but the covers are pretty good. This is not an indictment of the magazine people, it's just that at the end of a big move there is a communal psychological reaction which shows up on the covers of magazines. - Ed Seykota
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Thank you for the cover. I don't recall saying those exact
words - the quote doesn't fit my grammar patterns. I
wonder if you can send me your source on it. You might consider if you really feel the cover is emotional. |
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Tuesday, September 14, 2010 Hiring More Programmers Dear Ed, I hope you are enjoying life in Texas. Following your previous comments about my "system" being different to my system, I have been busy developing a fully automated robotic platform in VB.net 2010. I have two highly competent programmers translating my ideas into code. Its a huge project, but slowly it is all coming together. The old simulation unit which we made in 2004 has been revamped and now features one of your ideas which uses the "worst price of the day" ( or a distance in-between it and the intended trade level) to compute historical trade entries. We have called this slippage factor, and when set to 100% it uses the worst price of the day, when set to 0% it uses the actual stop price, and most testing is done with the 100% slippage setting. The system is still making great profits in testing. The actual trading signals however have not been changed as they work very well just as they are. I was very annoyed by your comments initially, but after many hours of thought I realised you were right to say on Tuesday June 23rd 2009 "My sense of your "system" is that it is largely subjective and depends heavily on having you in the loop as an active element. Your actual trading system comprises your mathematical formulas and your own emotional influences. In this regard, you might consider finding a way to qualify the emotional component of your system." The next algorithmic problem facing me is that there are over 2000 active instruments available to trade via my brokers, and I wish to trade no more than 100 at any given moment. The old filtering system which you saw in my video clip did not measure system performance, but ranked stocks with a score based on 15 different filters which attempted to find those best suited to my system. The current ideas are to create 2000 sub accounts ( one per instrument ) give each instrument the same capital, and simulate through the first few months or years to find the best "system instruments" by way of how much profit they made, or use the MAR of the equity line. I recall in previous tests that the Kelly formula has many shortcomings (when used as a performance filter), as two systems with a good Kelly of 0.25 risk fraction can produce wildly different profits due to the actual frequency of the model or the magnitude of the swings. So the Kelly is a not going to be used as a performance filter. The ideal objective is to end up with a portfolio of the 100 best system instruments from the 2000 available, or at least to have most of the best performers being traded live, while the laggards are monitored in the background. Later I have a plan to construct a league table so I can see how much each instrument changes its position in the league, it will be good news if the relative positions don't swing much. Further complexities arise with cutting out instruments which started off well, then get worse, and vice versa. I did consider trading all 2000 instruments and the purging the weak performers (using the cash to add to the winners), but this involves cutting deal size down to tiny levels, and creates nightmares in accounting of all positions. One huge bonus that came to light by having a sub account for each instrument is that the application of the Kelly fraction can be done without any divisions, as before I was using 0.25 / Number of positions, which was never optimal, and always K x N produced the best result in simulations, but this lead to huge leverage and too much heat. Furthermore the risk fraction would always get smaller as the stops were moved, meaning more positions would need to be added to keep the risk percent correct. Eventually the gearing would be too high and no solution for this was ever found. Finding the huge outlier winners is a big part of my idea for this process, as there were some massive winners in testing and missing out on such moves would be detrimental to results. After this project is completed you will again be offered a chance to add funds and benefit from it. When it is done, I will be "removed from the loop" completely so the drawdowns will be bigger, but profits will be bigger too. Before you reply "You may want to take this to tribe"...I have raised this issue during tribe meetings, but have not yet figured out the correct algorithm for this purpose. The answer that popped into my brain was to ask Ed. If you can point me in the right direction, I would appreciate it very much. Regards |
I wonder if you are actually trading yet. You might
consider taking our feelings about <trading> to Tribe.
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Tuesday, September 14, 2010 Zombies Hi Ed, While I read the FAQs reguarding TTP vs Zombie drugs and also your Radial Momentum theory for explaination of lift this quote comes to mind... "All truth goes through three steps: First it is ridiculed; Second, it is violently opposed; Finally, it is accepted as self-evident." -- Authur Schopenhauer, German philosopher Thank you for your continuous persuit in unveiling the truth and teaching me to live in the now. |
OK. | |||
Tuesday, September 14, 2010 TTP Drives a Person to Drink Dear Ed, I thank you very much for the conversation today, where we talk about a person not being able to handle the feelings surging after a hotseat and getting drunk to suppress them. Members of my Tribe know how to contact me if they need to after a hotseat. At the end of an individual TTP session on a one-to-one basis I always inform the person on the hotseat that he/she can feel very emotional or “moved” for a couple of days, and that they can call me 24/7 if they consider it necessary. I think that this precaution can be useful to prevent people from starting drama in order to act their feelings out. Best regards, |
You can also avoid this situation by only working with people who understand the work and who are willing to work. | |||
Big Macs and Grieving
Ed asks if there is anyone who would like to work. I think about several “patterns” I notice in my life over the previous few weeks and the associated feelings. I bring this information to tribe. My Fiancee’ comes along with me to do some shopping. On our way she notices a “burger” establishment and mentions she would like to get a penny pounder(or whatever they are called). I teasingly ask if she is not aware of what is in the miniscule penny pounder. I give her an ample supply of all the sordid facts. It is definitely a cranial endeavor I undertake…I don’t ask her feelings. As I drive on by the establishment I tease her with “you really don’t want that, do you?”…and drive on by. We find shopping not far from there and another McFondle’s is spotted…we go through the same dialogue. She has felt the elation, the desire and the wanting need of the penny pounder coursing through her veins. I smugly offer a bright sounding argument with lots of facts about why we don’t need to stop and drive on by. She goes from elation to despair, dejection and penny pounder withdrawal all in the snap of a finger. I say nothing but I have this vision of my childhood and the feelings. A pattern emerges in my mind of how I felt when I am in this game and that…I play this game on myself. I think about this as I drive and I ask my Fiancee’ how she feels…she feels frustrated. I describe the pattern from my childhood when my father would ask if I wanted something, like a toy or to stop and eat and would take me through the same emotional rollercoaster. I recall when I was very young my father would let me drive the truck. Sometimes he would ask me if I wanted to drive and get me very excited about the opportunity and his favorite phrase is “sure, I will let you drive, drive your nose up my butt”. I was 4-5 years old. It is hard to make sense of that phrase as a young child. I recall some other memories when I am young specifically that any time I even felt like throwing up I was made to bend over and have a phenergan suppository inserted. I feel violated. Ed describes this as essentially the same feeling as being raped in the mind of the child. Ed says “so what”, that is what I do. That is how I run my life. He asks for me to get into the feeling. The feeling of being in control and using that control to manipulate her feelings…then to crush those feelings. I get into the feeling and the form. The tribe encourages me and I feel them cheering me on. I get to a fervent intensity in the form and Ed says to freeze it, then to concentrate the feeling. Ed asks what I recall…a memory. A few jagged memories flow through my mind. I pause to catch my breath and I recall a situation with my father when I am a teenager. I am at the barn with my father and he is hooking up the bushhog to the tractor. I am 13 or so. I am observing and he angrily says “are you just gonna stand there with your finger up your butt?”…I feel numb and in a state of shock. We do a role play of the process and I feel the feeling as I participate in the role play. I have my hand over my abdominal area and Ed asks me what I feel after the role play. I describe I feel like I have been hit in the stomach…lost my breath. He asks me to get into the feeling in my midsection. I feel the feeling intensely of the impact of his words and the feeling of losing my breath. The tribe encourages me to get into the form. I feel the release of everything and get into the form completely. At the climax I hear Ed say to freeze it, then concentrate it. He asks if I recall something after this experience. I immediately am 8 years old at my grandmothers home to visit. I play with my cousins. Someone calls for me to come around to the front of the house. A truck is in the driveway with the tailgate down. As I approach I notice a form lying on the tailgate. As I get closer I see that it is my dog, “blackie”. She is hit by a car and is covered with blood. Her body is mangled. I have this dog from when I am 4 maybe. I feel a flood of grief and emotion immediately and begin to sob uncontrollably. I am in shock at the scene and go to my knees with my hands over my face. I am sobbing uncontrollably and I recall my grandmother’s arm grabbing me up angrily with words of “stop that crying”, “your too old for this”. She shakes me till I stop crying and dry my tears. I shut down in that moment. It is not ok to feel this grief…this pain. I recall becoming a zombie as my dog is buried in the garden as I watch in the pouring rain. “Blackie” was my “field of affirmation” as another tribe member puts it. She seemed to follow me wherever I went with a wagging tail. The tribe is polled for new resources…sharing my feelings with my grandmother and asking her to share her feelings. The tribe puts a role play together. I walk into the room as a tribe member is asking if this is anyone’s dog. I feel I am immediately 8 years old and reliving this experience. I begin sobbing uncontrollably and feel the grief and pain of losing a good friend. I immediately go to the floor in sobs. I feel my grandmother grabbing me and yanking me up…yelling angry words to stop my crying. I tell her how much pain I feel about my dog. I describe how much it hurts to lose a friend. Her anger continues. I continue to share my feelings of the pain and grief. I look into her eyes and ask her if it is ok if I feel my feelings. Eventually as I share my feelings and look into her eyes she softens. I see the pain she carries…she holds her grief inside her whole life. I feel sadness for her and the pain she endures. We replay the role play several times. Each time I feel the grief of losing my friend as it is happening now. I feel resolution as I go through the process. We replay the role play and I ask her how she feels. She describes her feelings and I ask her to share more and more. Her fear of dying and other feelings she feels about my feelings. We replay the role play again using both resources and I feel very comfortable maintaining intimacy in the situation and it being ok to feel the grief and sadness of the moment. I feel the process addresses a critical juncture in my life…a moment in time that I shut down and decide I cannot feel grief and sadness. I notice after the meeting and following days I feel “out of sorts” and sometimes a little dizzy. I notice also other suppressed feelings of grief and sadness surface and I am willing to let the tears flow. Thank you to my tribe members for their invaluable support and encouragement. |
Thank
you for sharing your process.
http://www.chandrashealthyeating.com/benefits.html |
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Sunday, September 12, 2010
Magazine Covers Hi Ed, Belated happy birthday wishes to you and a gift of magazine covers. ![]() June 13, 2005 ![]() September 6, 2010 |
Thank
you for the clips. According to this indicator, we might be nearing the lows on real estate prices. |
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I am planning to host a Workshop later this year in Austin, TX. Watch this site for more details. | |||
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Thank
you for sharing your process.
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Freezing Up Ed, with acquaintances and friends i consider myself to be a person with pretty good "people skills". there i can make everyone laugh, people seem to like me and i can have a good time with them.
sometimes though, especially when there are many
persons around that i don't know well, it feels
like i have a problem to convey my normal,
friendly personality. i have a tendency to
"freeze up", which means i don't talk much and i
start to feel like i am "out of sync" with the
group, which means i don't find things funny the
group finds funny. i also then feel tempted to
take a position contrary to group opinion on
every
conversation topic.
when i have to do teamwork with many discussions
with other people, it's not very nice when these
feelings come up. it feels like people then
start to ignore my comments on everything. for
example, if i comment on a subject, that
something may be the solution to something, it
gets ignored. half an hour later, another
participant in the discussion says the exact
same thing and gets the appreciation. if i point
out that i said the exact same thing it seems
like nobody wants to remember. in social
situations it's similar. people tend to ignore
me and want to invalidate my comments. sometimes
it almost feels like a conspiration of the whole
group to invalidate my comments and laugh about
it.
i feel also very invalidated by this and start
feeling like a social outcast when this happens.
even though, like i said before, most of the
time i consider myself to be a person with
good people skills. i want to stop these
situations from happening. i wonder if you have
some hints for me.
sincerely,
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Thank
you for sharing your process. You might consider taking your feelings about <freezing up> and <avoiding Capital letters> to Tribe. |
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TTP
is a set of methods and tools to help people gain more freedom
of expression. The work continues to evolve. I have
no particular recommendations on how to engineer the details of
the processes. You might consider taking your feelings about <doing it right> to Tribe. |
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Dear Ed & Fellow
Tribe Members,
I am now a member of
the [City] Trading Tribe for a few months and I
would like to share a recent experience with you
all.
A little
Background:
I tend to be an
analyzer. I like to explain situations in
detail (even to myself) and find myself doing
this during tribe meetings. This often happens
during my Hot-Seat. Our tribe chief and
receivers notice this and encourage me to speak
less and feel/experience more. I find this
difficult at times and often wonder if I am
"doing this right". I then review the process
again and recall that tribe members do not need
to necessarily reveal sensitive/personal
information.
A
breakthrough?
During our last
meeting I pick a personal topic for my
Hot-Seat. I decide that instead of explaining
the situation, I mention only that it has to do
with my relationship with my wife and that there
is something about which I am unhappy. I tell
the Chief that in order to avoid talking too
much I would like to just feel this and develop
forms. During my hot-seat I begin to almost
immediately feel a mixture of anger and
sadness. I am surprised by how quickly and
decisively I feel my own emotions. I get a
clear sense that doing it this way helps me
recognize my own feelings better. I feel I have
a mini-aha, but do not make much of it [yet].
But the real impact comes later. In the coming
weeks I notice a definite change in my behavior
and state of mind. First I begin to notice that
in having recognized the emotions I am now about
to more readily express them to my wife. I am
more assertive. I also notice that I am finding
more healthy outlets for my needs /
dissatisfaction; instead of using unhealthy
ways to find relief I now more readily express
them to my wife and this aspect of our
relationship gets better.
It has now been
about a month and I am happy to report that the
positive difference is noticeable in my
marriage. I intend to continue to apply this to
other areas of my life.
Thank you for your
support!
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Thank you for sharing your process. | |||
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Thank you for sharing your process. | |||
Time Constants Hi Ed, I work on modelling the milk glass game in excel. I have a lot of trouble understanding the "Time Constant." The time constant in your example is 2 seconds. At first I think the time constant is the time it takes to fill the glass. I notice this assumption is wrong, as it takes approximately 9 seconds for the level to get to 0.99 of a cup in your example. I do not understand where the 2 seconds comes from? I do not understand how to obtain or guess this figure? I read Nick Louca's paper. Nick's example explains "Some system builders who are familiar with this type of structure may condense the policy and valve function into one shorthand variable, the Time Constant." Nick also states: "the Time Constant is the reciprocal of the gain" and gives a figure of 0.632 sec as the time constant of the verified system. Nick explains that the time constant is a convenient shorthand substitute for the control policy and it is 2/3 of the time taken to travel towards the target. Is the time constant as simple as estimating 2/3 of the time taken to travel towards the target? Is the 2 seconds just a rough approximation used in order to construct the excel model? Am I correct in thinking that Nick's 0.632 sec as the actual time constant in the verified model and that this replaces the 2 seconds time constant in the initial unverified model? I find some information on time constants on the web. It’s heavy on theory and mathematics and I gain no understanding. Are you able to provide a simple explanation please. Kind Regards |
In
physics and engineering, the Time Constant, usually the Greek
letter, τ (tau), indicates
the "rise time" of an exponential system. In particular, the output of a system tracks the goal by moving about 2/3 of the way toward the goal every tau. You might consider taking your feelings of confusion to Tribe as an entry point. |
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Thank
you for sharing your process. Sometimes endless design refinements can provide a way to avoid trading at all. |
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Thank
you for sharing your process.
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Thank
you for the report and for sharing your process.
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Differentials Dear Mr. Ed Seykota, I hope you are well. As I mentioned a while ago, I have been researching a way to define trends. IIn the Trends section of the Trading System Project, the process used to obtain the daily rate of change is essentially the same as the Resistor-Capacitor differentiator circuit. This circuit consists of a capacitor C and a resistor R connected in series, having time constant R*C. If we apply an electrical signal (Vin) across the circuit, the voltage that accumulates in the capacitor represents the exponential lag and the voltage across the resistor is Vr = R*C*dVin/dt. The voltage Vr represents the rate of change of the input amplified by the Gain, which equals the time constant of the circuit (Gain = R*C). To normalize Vr, we divide its value by the Gain and we obtain the rate of change of Vin when the circuit is in the steady state. For now, let’s imagine that we have an RC circuit that can operate with dollars, a capacitor that can accumulate dollars and a resistor that can resist to the flow of dollars in and out of the capacitor. In the example in the Trends section, applying to the RC circuit a step from 10$ to 20$ causes a transient. As the price accumulates in the capacitor the exponential lag approaches 20$ and the price across the resistor gradually approaches 0. If the stock continues to rise from 20$ to 30$ to 40$ and so on, the RC circuit gradually enters the steady state, the normalized output of the differentiator (the rate of change of the input) reaches a constant value and the trend presents itself. Figure 1(a) illustrates an example where the closing price of a stock trends at 1$/day. RC circuits with different time constants track the closing price. Figure 1(b) shows the responses of the differentiators and figure 1(c) shows the normalized output of the differentiators (rate of change). We can observe that the system with time constant 3 reaches the steady quickly and tracks the price well. Systems with longer time constants (20 and 100) remained in the transient state throughout the trend and did not track the price well. To my knowledge, it is almost impossible to find an RC system with a time constant that tracks the markets exactly in the steady state. One exception occurs when a market locks limit up or down for several days. Here the tool for measuring the rate of change of the price is the RC differentiator. The minimum time constant we may use with this tool is 1, which may be used to define noise. For example, if we track the price P with time constant 200, then the associated noise is [dP/dt]/[time constant] = [dP/dt]/200 = [Today's Close - Yesterday's Close]/200. Figure 2(a) is a screenshot of the application I am prototyping. It illustrates the Cocoa continuous future contract (daily chart) and the exponential lag with time constant 650. The plot on the right side illustrates the daily rate of change (cyan line) and the associated noise (black lines). If we decrease gradually the time constant (figures 2(b), (c)) we observe that the [daily rate of change]/[noise] ratio becomes smaller. In a way this is similar to the term ‘signal to noise ratio’ used in engineering. As we decrease the time constant, the [daily rate of change]/[noise] ratio drops and it becomes harder to distinguish the signal from noise, but at the same time the system tracks the price more closely and occasionally may approach the steady state. We may be able to find, in a given period, an optimal time constant that maximizes the signal to noise ratio while at the same keeps the RC circuit as close as possible to the steady state. In figure 3 for example, the trend was up and the RC circuit with time constant 17 tracked the price better than circuits with shorter or longer time constants. We can also see how the optimal exponential lag may be used as an exit stop when the price closes below the lag. When we use the daily chart and try to track long term trends, the aforementioned method may not work directly. However, 'Once the system establishes the long-term trend, it does not need daily re-confirmation of that trend.' Ed Seykota, Tuesday, March 9, 2010. Therefore, for long term trends we may switch to the weekly, monthly, 11-day or any other n-day chart and then seek the optimal time constant in order to determine the trend. In figure 4(a) is shown again the Cocoa future contract on the 17-day chart. For this period, the optimal time constant that tracks the price better is 27 and the trend is down. This is the same as tracking the price with time constant 17*27 = 459 in the daily chart. Within the same period, we may also observe shorter term trends using the daily chart. For example, in figure 4(b) is shown a short term trend that is also down and it is tracked better with time constant 9. As you may have noticed, the Y-axes in the future charts have title 'Value per contract'. Because ultimately we want to hold a portfolio with several instruments, there is need to normalize the future contracts (because they have different specifications) and stocks (because they have different price levels) so that the system can compare trends across various instruments. When we buy a stock, money leaves the account because we invest in that stock. Let’s assume that there are two stocks, 'X' at price 1000$ and 'Y' at price 100$ and both start to trend at 10$/day. If we buy stock 'X' at price 1020$, then the daily rate of change basis time constant 1, per invested dollar is 10$/day/1020$ = 0.0098/day. However if we buy stock 'Y' at price 120$ then the daily rate of change per invested dollar is 10$/day/120$ = 0.083/day, which is ~8.5 times bigger compared to stock 'X'. Because futures are quoted in different units, in the attached charts I have converted the contract's native units to $ value per contract. This was done by multiplying each open, high, low and close in the time series of the continuous contract by the fraction: [TickValue specified for the contract]/[MinimumTick specified for the contract]. When we initiate a position with a future contract, dollars leave the account to cover the initial margin and we must always set aside money to cover the overnight maintenance margin. Therefore, when we open a position we invest an amount equal to the initial plus the overnight maintenance margin. In figure 5 are plotted the daily rates of change basis time constant 200 for the Cocoa, Eurodollar and S&P continuous future contracts. Each time series has been converted to $ value per contract and has been divided with the margin (initial + overnight maintenance) requirements of the associated contract. We can see how the time series can be plotted together because now they have the same units. Therefore, we can compare trends across various contracts. This may provide a complementary way to select which instruments to include in a portfolio and how to allocate the available capital in a trading account across various positions. I believe that I have made progress and that the method described above to define trends is ok, but it needs further work. I am currently trying to turn this research into an automated system that will trade with the trends. Thank you for your time. Sincerely, |
You
might notice that in practice you cannot extract a differential
or determine the exact value of a trend. The real-world process of differntiation measures the difference between two integrals. The process of integration induces the delay. |
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Thank
you for sharing your process.
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Congratulations ! | |||
Tribe Write-Up - Teasing
A tribe member has an issue about teasing and then not following through on something. As we go through the process Ed recognizes that the behavior is about deception, about leading a person to believe one thing only to deny them at the last minute. Ed is very careful here to assure that the member is not just teasing the rest of us. He makes sure that the member is willing to participate and not just going to build us up and then stop. Ed notes that processes that deal with deception have to be monitored carefully to make sure the tribe isn’t being deceived. I am intrigued because during the middle of one role play Ed seems to shift gears and ask the hotseat to tell him where he feels it. The hotseat develops another form and we process that one then go back to the original. This shift seemed to be the element that really opened everything up and allowed the hotseat to truly experience his feeling. I tell Ed that I wonder how he knew to do this. I feel surprise when he says it was just a feeling that he got, a feeling that there was something deeper there. I feel a similar way, but had I been managing the process I would have just wrapped up the role play and assumed it was all done. I feel shame about the answer. I expect a rules based response, an if this then do that type of response. I stop for a minute and experience that feeling. I obtain wisdom. It is okay to use your gut and take action from that. I experience the shame and feel acceptance instead. Thanks Ed for providing the space to gain wisdom. |
Thank
you for your report.
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Tribe Write-Up - Exclusion
The Tribe Meeting is interesting tonight. We go through our projects and discuss the mock evidence for completeness we have brought in. I find it very interesting to note how many people have trouble coming up with documentation that the rest of the tribe thinks actually proves they have met their goal. A couple of people do succeed in getting all members of the tribe to give them a pass on their documentation. It is interesting to me that those members who got all passes seem to have the simplest documentation of all. I realize that clarity of purpose seems to breed simplicity of proof. The more clear the goal, the more clear the purpose the easier it is to define what success is. Tonight we all also go through a process or rather try to. The person who went through the process seemed to not be making a connection to any feeling throughout the evening. Despite numerous attempts to generate forms or role play I felt a lack of real connection. There was no feeling. It became clear to the tribe that this person is not willing or able to feel. He wants to think and reason. He can analyze and imitate some of the motions, but he was unable to feel. The Tribe asks him to leave. At first I feel surprised by this development, but after a while I realize that this was all of our intention. This person was looking for a chance to be left out and passed over (that’s what his process was about). He get’s what he wants. This was the rest of our intention as well. Maybe we needed to feel saying goodbye or something else. |
Thank
you for your report.
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You
can order the book through this site. You can register your Tribe on this site. If you would like some hands-on experience, you might consider attending a Workshop. |
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Thank you for sharing your process. | |||
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Thank you for sharing your process. | |||
Thank you for sharing your process. | ||||
Gets His Wish Ed, I am notifying you that I will not be able to participate in the remaining four sessions of the Austin tribe because I have received and accepted a new assignment at my employer’s head office in The Hague, The Netherlands. My new assignment comes into effect immediately and I am going over there this weekend. About three weeks ago I turned down an earlier version of this job offer because of unfavorable tax treatment. To my pleasant surprise, this week I received a modified version of the job offer that is now tax neutral for me. I am deeply grateful to you for having accepted me into your tribe and I leave it with a firm understanding and appreciation of the powerful TTP technology and the importance of living in the intimacy-centric model. Thanks also for guiding me to complete my project. Based on my self-assessment and the feedback I received at last week’s session, I think I have almost completed my project. I wish you the best with your project. Gratefully and Sincerely, |
Congratulations ! | |||
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You might consider reading through FAQ, reading my book and attending the next Workshop. | |||
Dear Tribe, I am struggling to stick with my plan to set up a trend trading system. As I say this I try to enjoy the feeling of blocking myself! It doesn’t feel so great, but at least I can feel the blockage, and it seems to emanate from some tightness in my abdomen, and there is tightness in my chest too. After completing a careful reading of Pardo’s EOTS ed. 2, instead of taking the next step and trying to decide about a trading system development platform, I allowed myself to be consumed with running my advisory business. As I have a fiduciary obligation to my clients this is not a difficult choice. They come first. I have registered a tribe but have no members yet other than myself. I am pretty sure Ed might tell me to meet with myself to discuss this lack of membership! I had a special birthday yesterday and my family put on quite a feast. It was heartwarming and made turning 53 feel okay. I am so lucky to have such a nice family that is healthy and cares about things like birthdays, schoolwork, music, football games, and quality of life. TTP and the TTP Workshop have helped me in many ways. Ed’s illustration of the quadrants was a fantastic metaphor and I use it all the time now for myself and clients. Thank you Ed! I’m not trading now yet I am investing. I don’t trade after reading Pardo because I feel foolish doing so without being systematic about it. I learn how haphazard my personal investment decisions once were. I did not treat my client assets like I did my own. Today I allow myself a rational investment plan, that I once had, but someone how abandoned and took leave of my senses in 2008. I rationalize my advisory practice by adopting an approach that is in what I’ll call Ed’s Northwest Quadrant I, Boring and profitable. I accept that I did not know this simple rule before the workshop and it cost me plenty. We get what we intend! I cannot fathom my intensions then, but they certainly feel different now. Charles Faulkner gave me some solid advice regarding how to set aside time to think about my system building. I have not acted on his advice and the result is predictable. I accept that I have limited time each day and there are constant trade-offs. I don’t give up but my head hurts sometimes as I reconcile these conflicting objectives of trading actively myself, and actively managing passive indexes for my clients. Again, I am bound to put my clients first. Our 14 year old son (now 15) went off to “adventure camp” last July and returned early with a broken scapula after wrecking a mountain bike. Life on life’s terms can be frightening. I am thankful he makes a full recovery and learned something about his vulnerabilities. I have a prospective client coming in 8 minutes or so and I am enormously grateful that I went to Trading Tribe Sticking with your System Workshop. It has grounded me like no other workshop I can think of and it is helping me grow my practice. In my heart I believe I will get to the successful trend trading system that is my commitment. I allow myself some time. The pit in my stomach has left me and my chest is no longer tight. Writing to all of you has helped me and I thank you all for supporting me in my commitment, as I support you. Best wishes, |
Thank you for sharing your process. |