The Trading Tribe
(c) Ed Seykota 2003-2011 - Write for permission to reprint.
Ed Seykota's FAQ
Readers Say Ed Says

October 1, 2011

Wants to Begin

Hi Mr Seykota,

Hope you are fine.

I have read about you in Trend Following and would like to get some insight on where should I begin my research on trends.

Can you please suggest tools that might be useful in back testing trends over the past decade and more?

I am also trying to find what factors are necessary to find correlation between 2 markets. In other words, what makes 2 markets correlated?  E.g., USD and sugar.

What factors should be considered in arriving at the contract size or amount of stock to trade?

Your thoughts and insight will help throw light on the 'where to begin'.

Many thanks,

You might consider reading through the FAQ pages.

October 3, 2011


Hi Ed,

It’s a lot of time you’re away from TT site. Probably you are so busy … I ‘d just like to know that everything is well for you.

I appreciate an email as confirmation, if possible.



October 4, 2011

Wants Endorsements

Dear Mr. Seykota,

From reading your interview in Market Wizards and reading through the FAQ, you clearly place the right philosophy and psychology above just about all else. I would like to know what you think of the following people in the personal self-help field:

1. Deepak Chopra
2. Tony Robbins

Much of what they say seems to be BS. I have read Atlas Shrugged and The Fountainhead and I can't see Ayn Rand (whom you have spoken positively about) being on board with these authors and much of the self-help industry. I would appreciate any input, including non-trading authors you recommend.

Thank you,

FAQ does not recommend people or investments. See the ground rules page.

Advisors, Like Shoes and Markets

fit some people better than others.'s%20shoes


October 5, 2011


Hi Ed,

I’m sure you’re very busy but if you have the time I would greatly appreciate it.

In my trading I’m noticing that when I win I get “happy” and when I lose or even just anticipate that my stops will be taken out I become somewhat “distressed”.

My question is: Is there a way to become completely “detached” emotionally when winning or losing? Is it even realistic? Is the best way out to simply “feel” and be the observer? I know intellectually that uncertainty must be accepted and even welcomed, but there is a deeper part of my brain that says otherwise.

I know I have work to do but I don’t want to chase expectations that are not rooted in reality. Is there a place of detachment that lies beyond the lizard brain?

Thank you,

You might consider taking your feelings of <wanting to detach> to Tribe.

Dealing With Feelings

the TTP way

includes experiencing them.

October 7, 2011

13 Women

Dear fellow tribe members,

Today, over dinner, I meet a 72 year old woman who is legally blind.

We soon begin discussions about male-female relationships.

She spent 9 years as a psychotherapist and most of her other years developing oil and gas reserves.

She is financially wealthy and very perceptive.

After several exchanges she shares a strategy with me…

Have 13 women in your life. One to ride bikes with, one to go sailing with, one to cut the grass, one who enjoys making breakfast together…

Then… and here is her wisdom…

Don’t speculate with your emotions onto (or with) any of them…

Instead, Ask the Lord for direction (my version is perceive the clarity as available now),

I realize when two people can arrive at the same moment mutually… these are the best life has to offer with another human.

Thanks for all your support, stimulus, and direction…

Thank you for sharing your process and method.

OK. So Far So Good.

Now what?

October 10, 2011

Some News

Hello Ed,

I see that there are no regular updates to FAQ and hope you are doing fine.

Are you already on your Trading Tribe World Tour?

I would be happy to read some news and to know you are OK.

Thanks for your great giving.