Ed's FAQ Dec 01-31, 2018

Contributors Say	Ed Says
December 31, 2018 Profitable Short-Term Trading Ed, Happy New Year! I hope 2018 was a great year for you and your family. Let me know if you can stop by Orlando sometime we have a extra house you can stay in and I will show you some records of my 20 years of profits from short term trading :). Otherwise would enjoy seeing you at a workshop or another way.	Thank you for your offer. I have never seen a profitable short-term trading system and would like to see such a thing and learn more about it. By profitable short-term system, I mean: 1. It expresses as computer code and operates without any human intervention. 2. The computer signals match up with the actual executions, per a customer monthly brokerage statement. 3. The system trades at least once per day. 4. The system has a positive MAR for some contiguous set of 12 months. 5. The system does not collect fees or commissions from exchanges in order to provide liquidity or provide the appearance of liquidity. 6. A home trader could profitably operate a similar system.
December 24, 2018 Book Review Hi Ed, Thanks again for your consideration to read and provide a testimonial for my book. I’m truly grateful for your kind gesture regardless of your final decision. I’ve just sent you the link to download an advance review copy of it. Should you find this book worthy of a positive review, I appreciate if you can let me know your thoughts by 6 January 2019 (Sunday). Time is pretty tight as we need some time to insert your review into the book ahead of the actual launch publication during the 3rd week of January. However, if you really need more time, feel free to let me know too. I wish you and your family a Merry Christmas and a Happy New Year! Cheers,	Thank you for asking me to review your book. You may not copy, edit or republish this material in any form in your book or elsewhere. You may express links to this FAQ page so others may view it in its entirety. This review does not imply any kind of endorsement either in favor or against your book. In general, your book interviews a number of trading mentors. It does not describe any trading systems. It does not provide any hard evidence, such as back testing, to verify any of the "systems" it mentions. It does not show actual track records for the mentors and it does not show track records for any of their students. Nor does it speak to the real skill of the trading mentors: namely, attracting dopamine-seeking traders and feeding their addictions with a mixture of hope and encouragement. More specifically: Page 11 - seems self-serving and devoid of any useful information. Page 17 - "For the small price that you are paying to own, read, and re-read this book that contains more than a century worth of combined trading wisdom, I say you have nothing to lose in this trade." Ed: Steering traders toward day trading can harm them. Page 19 - "The best trading mentor is usually a humble and down-to-earth person. He (or she) does not proclaim to know everything about trading or expect you to blindly follow his strategy and instructions every step of the way. ... As such, none of the speakers would have been able to prepare for any of my questions ahead of the interview. I believe that a competent trading mentor should be able to answer my questions and explain his thoughts coherently in an instant." Ed: Compare the above with ... Page 26 - Due to [Trading Coach]'s hectic traveling schedule, I was not able to conduct a one-on-one interview with him personally. However, he offered to record a video presentation.
December 22, 2018 Govopoly Ed, You might like this 10-minute video on the Fed.	Thank you for sending me the link.
Dec 14, 2018 Seeking New York Tribe Hello Sir, I have emailed the Trading Tribe members of New York Area with the email address provided in your website but didn't get a reply yet. Are the tribes still running. I wished to join one. Thanks,	Thank you for telling me about the stale information on my site. Tribes actually work pretty well - and when they do, Tribe Members get the message, dissolve their problems, dissolve the Tribe and move on. Occasionally, a Tribe lasts for quite a while, particularly the ones that morph TTP into a recreational drug. I generally run the Austin Tribe as a 10-session series - maybe once or twice per year - with different Tribe Members. This motivates Tribe Members to do the work quickly and move on. It also purges the group of "professional dependents" who want to hook up with Saviors and then invalidate them. I plan to implement a process for periodically re-certifying the Tribes that appear in the directory. Also, you can start your own Tribe. See Resources / Join a Tribe for more information.
December 9, 2018 Blind Luck Ed, You might like this link: Stumbling and Bumbling	Thank you for sending me the link. Past performance actually does indicate continuing performance pretty well - and serves the society as a way to select leaders. Following past performance, in an artificially random environment, demonstrates the power of instinct over reason.
December 8, 2018 Fake Link Hello! Please check your site http://www.seykota.com/tribe/ FAQ/2006_Mar/11/index.htm You are linking to ‘new horizons for learning,’ which has been taken over by a payday loan spammer. You should delete this link as you’re sending your visitors to a fake payday loan site. With regards, Elle	Thank you for the catch.
December 4, 2018 Wants to Chat Hey Ed, I'm reading the book 'Market Wizards', and listening to what you say about the markets is so unique. I want to hear more. I am a student at the [University] and I am a member of the student run investment group here. We manage $1.5 million in a long only U.S. equity fund. I am trying to find what I want. I think you could help me... I'd love to talk to you on the phone some time and ask about the trading world. Thank you for your time. -- Sincerely,	Thank you for your invitation to chat. You can chat with me here on FAQ for free. You can also purchase private consulting. See Ground Rules at Resources, above.
December 1, 2018 Crossroads Hello Mr. Seykota, I am at a crossroads in my life and wanted to get in touch with you (for reasons explained below). I live in Reno, NV and am turning 31 in January. I've been working as a trader and analyst at [Firm] since 2014. ... I personally manage a $5 billion portfolio made up of short-term US government and corporate credit securities. Managing money and trading have been goals of mine since I graduated from college in 2011. However, when I think back, I realize that I never really thought about what these activities meant. I knew I was interested in markets and math and the prospect of combining the two to make a living was very exciting to me. My current role, while interesting, is not as engaging as I'd hoped. The last few years have brought along a feeling of stagnation. Some major part of myself is not being satiated. Perhaps it is natural to want change, but I had always imagined myself digging deeper into the mysteries of the world and expanding my mind trough deeper study of math, culture, and music. I am writing to you because I felt inspired by your interview with Jack Schwager. I identify with your approach to markets and the world. The idea of catching trends is something that resonates with me. Perhaps its because my father, my biggest mentor, studied zen buddhism for several years when he was younger. Reading your interview helped me reflect on where I am right now and where I want to go. I am still figuring out the details but can feel a new current pulling me. I feel this may be my call for adventure- a new beginning. I don't have any specific questions for you. I realize that you have many people asking for your mentorship and advice. Perhaps something in my story will resonate with you and you'll find an interest in corresponding or having a conversation some time. If that is the case, I would be grateful for your time. Regards,	Thank you for reaching out to me. In my book, Govopoly, I show how we might come to to expect a natural decline in personal freedom - and associating feelings of personal stagnation. If you have some or another issue you would like to explore, let me know.
December 1, 2018 Robin Hood Hi, First of all i want to say sorry for my english.İ will try to use it well... İ wanted to say thanks to you Mr. Seykota.. Cause your thoughts made me more comfortable about all my life..What was these subject? Caos,fractals,natures trend vs.. İ am trying to be a turtle too.This name is really very important for life,i think..everything has a growth rate of change..turtle is slowly but calm.. İ wanted to say i am reading your faq..And i wish it continues.. İ am a civil engineer and i hate my job in my country..All is about lies..İ am trying to do it clean but people are so greedy.. May be you ll laugh me but i wanted to say something to you..İ want to be a Robin Hood of nowadays..İ can imagine that you are laughing but if you are laughing i am happy too..İ ve no problem with that:).. So i entered to financial markets for my aim..Robin Hood steals from rich people for poor peaople..Right? Sometimes i am looking financial markets like this..Zero sum game that everybody has a hand in others pucket.. İ am using just fractals for trading,risk management and your thoughts about trading..İ read you from books..İ know that you are not sharing any strategy about trading.. İ dont want to look like a beggar..But i only want to know that is fractal trading and risk management enough for my dream ? ( Becoming a Robin Hood).. İ am helping poor people as much as i can do around me..But with this system i dont think that i can do it fastly..İ am really as a turtle..:) Thanks for your thoughts and attantion..İ feel that you are a really well self educated person and a good man.. And i finally sorry for my faults again. i wish a life full with happy moments to you and all people.. Thank you..	Thank you for sharing your process. You might consider taking your feelings about <Robin Hood> to Tribe.
December 1, 2018 Positive Intention of Anger Ed: Let me know when you do Workshop again. Also, I notice that TT FAQ has stop updating since April. I hope everything is good at your end. Do you still answer those ? A while ago you had a picture in TT FAQ a circle like thing which, which had feelings listed in the middle and their positive intentions listed towards periphery. If you have that, could you remind me positive intention of experiencing extreme anger ? Regards,	Thank you for checking up on me. Anger generally has to do with boundary management. You might think of an angry dog, barking in the yard to ward off intruders. People who don't embrace anger tend to attract invaders and have boundary issues.
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