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Ed
Seykota's FAQ
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September 21-30, 2016 <-- back | down | forward --> |
| Contributors Say | Ed Says | |||
| Sep 30, 2016 London Tribe Meeting Report: Moving Through Embarrassment Hi Ed, I hold the first meeting for the City of London Tribe. We have 5 attendees. The leader of the London tribe, [Name], assists me in learning how to lead a Tribe and run the Hot Seat process. We begin with a check in and run through 'Tell me what you are thinking', 'Tell me how you feel', 'Show me how you feel' process. I elect to take the first Hot Seat. After my first Tribe meeting in August, I notice I regularly argue with my partner. We barely argue for most of the year prior to this meeting. I take the Hot Seat, I feel tense all over my body, I go through several forms. My memory of the whole process isn't very good, but one particular moment stands out. I have a feeling of a ball moving from the bottom of my esophagus up to my throat. I notice this feeling from my first Tribe meeting. I notice that when I am asked 'Is any feeling coming up?' I feel this feeling more. The Tribe together continue to say 'Is anything coming up?' as I go through my forms. Some time later, I am asked a question by a Tribe member (I can't remember what) and I recall a childhood memory. I am at school in a lesson and I am looking at a girl I have a crush on. When she is 'put on the spot' by a teacher, her face goes bright red. I notice this and from that point on my face mirrors hers; it goes bright red and hot whenever she is put on the spot, moreover, when I am also put on the spot this happens. I feel extremely embarrassed by this. I curl up on my chair, put my head in my hands, and then start rubbing my face. I go through several forms and at some point I begin to smile and feel joy. I no longer feel embarrassed and I find this childhood memory quite amusing. I am asked by the process manager 'is anything coming up?' and I notice a hard ball at the bottom of my esophagus. It's just sat there, unable to move. All Tribe members join in the chant and still the ball just sits there. I begin to whack it with my hand and I experience more joy and complete amazement at how this happened. This is probably one of the coolest things I have ever experienced! The rest of the Tribe meeting goes really well. I experience just as much joy receiving other tribe members on their hot seat as I did on mine. The whole experience seems like a 'win win' for everyone. This feels like a really positive step and I look forward to further Tribe meetings. Thanks, |
Thank you for sharing your process and for documenting your meeting. |
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| Sep 29, 2016 TTP Workshop Ed, I would like to know if there are any Workshops planned for the near future. Thanks |
Thank you for raising this issue. I have no definite plans for a Workshop at this moment. |
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| Sep 27, 2016 US Debt Clock Ed, See http://www.usdebtclock.org/ |
Thank you for sending me the link. |
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| Sep 27, 2016 Fear of Trading Dear Ed, Thank you for writing The Trading Tribe. I am have trading intermittently since 2010 until now. I have always lost money. Many times, I traded for a while, made some money, lost more than I made and then stopped for a while. I think I haven't found the right system. I am so afraid to lose more money that I can't trade anymore. I keep looking at the market from time to time, but if I find some excuse to do something else I take it. My legs are shaking and I feel some tightening inside my body in the area between my genitals and my belly button. I'd grateful if you could provide me with any insight on how to go beyond this. With gratitude, |
Thank you for sharing your process. You might consider taking your feelings about <fear> to Tribe as an entry point. |
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| Sep 26, 2016 Happy News Dear Ed, I would like to share some happy news with you. The youngest member of my little tribe was born today. I feel very happy to practice and share what I have learned from you with my family. I also feel very happy to share news of my family with you. Best,
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Thank you for sharing your happy news. |
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| Sep 21, 2016 Compelling, Addicting, Dull and Pointless Hi Ed, I found out about you while I read through Market Wizards a few months ago (something that had been sitting on my shelf for a while in college). I found your mentality and overall attitude very interesting. Obviously you are very busy but I wanted to ask you if you were a 24 year old who found the market compelling and addicting in all of its possibilities, how would you frame a path forward? I didn't get into trading straight out of college since it went against advice of the times where computers are supposed to take over human judgement, and some professors had ingrained the importance of financial modeling (aka value investing) over market timing. Now two years out, I find myself getting pulled into the market. I work in the Silicon Valley but my day time job seems dull and pointless compared to the progress I have made in trading. I would love to have your view on my thoughts above if I wanted to become more involved in trading. Reading through your story, it seemed like you had the privilege of being caught in midst of major evolution in trading or rather was at the forefront. I know my question is super open ended and you don't have any data points about myself. I thought I would shoot over an email and see what happens :) Looking forward to hearing back from you. Best, |
Thank you for sharing
your process. You might consider taking your feelings about <right livelihood> to Tribe as an entry point. |
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| Sep 21, 2016 Shift Greetings Ed, Would like to share with you what I am going through to get to the next level as a human and trader. In 2009 I felt I should create a email called paradigm shift. Only to be used for my wife and children. To this day only my family uses it. On Aug. 28 2015 I felt a SHIFT was taking place and wrote it my trading journal. On Sept. 11 2015 the night before going home to visit my parents my wife looks at me and says she believe a SHIFT is going to be taking place. I told her that is the same word I got on Aug. 28th On Oct. 16 2015 I was attending a conference and before it started I was by myself meditating and a man comes up to me and says he believes he was to give me a book. I say thank you for the book and go back to meditating. As the conference is about to start I look at the book the man gives me and it is called The Shift. I thought OK something regarding a SHIFT is about to take place. On Nov. 22 2015 I felt lead to read the book the man gave me by Nov. 26th. On Nov. 27th I went to a business meeting and on the way home after the meeting I sensed I should go the restaurant some of the business men went to after the meeting. I have never been to the restaurant as I go home and begin to trade for the day. Well, I turned around even though I way over half way home and went to the restaurant. When I got there a table of about 20 people was taken with no empty seats for me to sit. With that I sat with on a table with another man who did all the talking. When the 20 got up to leave a man of about 76 years of age comes up to me and introduces himself to me. As I was walking out with this man I ask him what is on his heart at this time. He looks at me and starts to weep and goes on to tell a SHIFT is going to be taking place. And that he was going to speak to 8 of the richest business owners about this SHIFT in Florida. I asked him when this SHIFT was going to take place and he said 2016. I felt led to share this with you as I was prompted twice to share this. One must find out what this SHIFT is for them. Ed, if does not bear witness with you just ignore this story. |
Thank you for sharing
your process. |
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| Sep
21, 2016 What Do You Get Hi Ed Seykota, May I ask, what do you get by having this site? Curious that is all. I had try working with Mr. Donchian when I was at Shearson many years ago, but was not able to meet him. The Soy Bean market has created a higher 20 trading week low point, entering a bull market move at these price levels to note, charts inserted. Also, inserted are charts of a JPY model I am running since 03302015, you will see the daily equity balance and 2 other charts one the build of lot size towards market behavior and the the actual daily closing price of the JPY market. A JPY Margin daily chart is inserted stating daily margin for the build in the positioning. I use a set fixed ratio towards adding/subtracting size towards closing price. I see the next run in JPY will be created by a higher 20 trading week low point for a major move higher nearing the 120 level. I see spike 1 or wave 1 ending this last June/2016 Thanks and have a great day, |
Thank
you for raising these issues. What I get by having this site: visitors. Since receiving your analytics on the bean bull market, I see prices off by about 30 cents per bushel. In the case you have a long position in your bull market, you might also consider employing some kind of sell protection - in case the move does not materialize according to your plan. Back in the day, pit traders signal intention to sell by showing an open palm to prospective buyers.
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