The Trading Tribe

Ed Seykota's FAQ
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Contributors Say Ed Says
Nov 28, 2018

Just Checking

Hi Ed,
Just checking if you are okay.  I have not seen any updates on your forum which is the reason I am asking.  Hope all is well with you.

Thank you for checking up on me.
Nov 26, 2018

Jersey City Tribe

Hi, I'd like to start the New Jersey_Jersey City Tribe and have it advertised on the Tribe Directory. Please see the template attached.

Thank you,

Thank you for starting a Jersey City Tribe.

You can see your posting on line at Resources / Directory, above.
Nov 26, 2018


Good evening... I went on your site and it is  brilliant and well done. 

I think you are so cool. I have never been this close to a man such as yourself. I have been around plenty and acquainted on different levels but you are a first of being so brilliant. It is so stimulating. 

I am only an observer and amateur by comparison but I understand and agree with your thesis.  I just think the train is hauling down the track and only a major wreck can stop it.  momentum is so powerful ... and I see no end in sight... I see more trends trying to survive.  Thank you for sharing.   You are unique.

I am not as formally educated as many but I am plenty smart.  I  took the nesting/domestic female route before the business route but I have been priveleged to experience both.   

Thank you again for sharing.

Thank you for sharing your process and for acknowledging Govopoly.
Nov 22, 2018

Tribe Meeting Report

Dear Sir,

For this meet, we are joined by a member of the original Tribe which has disbanded in mid-2013.
We begin with drumming and proceed to check in.

Check In

TM1 (I) : I share with the Tribe that I feel very lonely on the festival of Diwali. I am trading better, but my trades are getting whispawed a bit, and I am giving back a part of profits. I also share how I am unable to pull the trigger on a few occasions, and some of those stocks soared. I also shared that I am realising that my mothers wish is not my command.

TM2 :  He shares with the Tribe that trading his system for his clients is going OK. He is also trading options for his own account, which is not going so well.

TM3:  He  shares that he has issues with his mother and that he wants a better relationship with her. He is also trading his account with small amounts and he is getting impatient.

TM4: He shares that his trading is better. He is following the signals. He also  shares his trades online on Twitter and wants to know the Tribes opinion on the same. He is waiting patiently for the signals instead of preempting them or jumping in on trades.

TM5: He shares that he notices himself putting up a wall when he is with his extended family on their annual trip. He also notices similar feelings when his girlfriend gets angry after a joke he makes does not go well with her. He elects to take this issue to the hotseat.

TM5: He is a member of the first Mumbai tribe. He shares some of his experiences of the prior tribe with us and provides us a general background of his trading experience. He shares that after the first Tribe is dissolved in 2013, his trading performance is not as good as it used to be.

TM6:  He shares that over the Diwali season, he spends mostly with a select friend and family in their hometown. A family friend recommends to him that he might want to apply to Business School in the USA. He notices his awareness also going up and down.  He also feels sad as he leaves home after the holiday season.


TM5 takes the Hotseat with TM4 as the Process Manager. TM5 starts with some story telling about the wall he feels and gets into a form. He brings his hands together in a prayer like position and starts shaking them up and down. He starts breathing heavily and starts moving his legs. We progress with the hotseat. He wiggles his body on the seat he is sitting on and then he starts laughing and shrugging his shoulders. PM tests for willingness. HS shares that he wants to get shit done and that he simply needs to go out and do the work. HS starts laughing and stretches his legs fully on the seat .   He also shares that he feels a lot of gratitude for his family, friends and tribe. During last few minutes of the hotseat I feel sad as I recall a relationship gone bad thinking how it went bad so fast.

Hotseat Checkout:
HS shares with the rest of the Tribe that he feels better. A lot of tribe members also feel very hot after the hot seat ends.

Meeting Checkout:
During the meeting checkout, I share that I feel somewhat icky in the mornings on the days we have Tribe meetings, and look to make an excuse to skip, but attend the meetings. TM6 also urges everyone to be regular as a full tribe feels amazing. TM4 commits to attending more regularly. TM6 also feels gratitude for the Tribe and friends and family. TM3 shares that we are improving as a Tribe and no one interrupts PM when he is directing the hotseat.


Thank you for sharing your process and for documenting your meeting.
November 22, 2013

Giving Thanks

Hi Ed,

I hope my email finds you well.

I wish you and all those close to you very best wishes for Thanksgiving.

Kind regards,

Thank you for sharing your process and the photo of your son whom, as I recall, you conceived in the basement of my home in Incline Village, NV.
November 21, 2018

Vision Board

Mr Seykota,

Thank you for being a big inspiration to me.

Three years ago I moved to Denver from the ski resort to “learn code, build a trading system, make some money and meet a girl”. Two weeks in I broke my collar bone and scapula jumping a curb on my bike on the way to work, subconsciously showing off for a pretty woman I just passed.  All I did that summer was teach myself code.

I read trading wizards then and took so much out of your interview I wanted to say thank you because you have positively impacted my life in so many ways.  I created a vision board this time last year and as a token of gratitude wanted to share and mention you’re in 3 places.  First picture 11-15-17, picture with arrows is today, and the other one is from April.

Thank you.

Thank you for sharing your process.
November 17, 2018

Bullish and Bearish


I am carefully studying your famous Trading Principles for the past 3 months .But I cannot understand the meaning of ' I turn bullish when my buy stop hit and remain bullish till the sell stop hit'  .Will you kindly explain it.Thank you.

Thank you for asking about the meaning of the saying.

When the market selects my buy stop, I get a fill and wind with a long position - and I adopt the associating bullish attitude.

When the market selects my sell stop, I get a fill and wind up out of the market (or short) -  and I adopt the associating neutral or bearish attitude.
November 16, 2018


Dear Mr. Seykota, 

I want to thank you for taking the time to inscribe “Govopoly in the 39th Day” for me.  I read your book on arrival, thought about it for a couple of weeks, and then read it again. 

I believe that your presentation of where we find ourselves as a nation and especially your conclusions are well thought out and refreshingly honest.  Thank you for going through the process of thinking through the problem and carrying on all the way through a book publication -   I can only imagine the effort required. 

I would also like to thank you for another matter.  I have used your writings and interviews through the years as a guide for my investment plan.  My investments have grown well beyond my original expectations - my only disappointment is that I did not run across your work many years earlier than I did. 

Thanks for your insight,

Thank you for sharing your process and for acknowledging Govopoly.
November 15, 2018

Now Clock

Hi Ed

Hope you are doing great.

Just wanted to show you my version of a NOW clock. It is on the wall in front of my desk, so I can always know the exact time!

I'm working on a system now. Almost finished w/ it, but the Max drawdown is just to high for my stomach lining. I'll find a way to lower it w/o affecting the CAGR.

Anyway, just wanted to say hello & show you my clock. Take care Ed.

Some Now in 2018

Austin, TX

Thank you for sharing your process and for sending me the photos.
November 12, 2018

Book 'Em

Greetings Ed,

I hope this message finds you well.

I think you might be interested in knowing: I am publishing a new book. This is my 3rd book.

In this book, I cite 4 or 5 key influences. You are listed in this short enumeration of the key influencers.

You have experience writing about "testing for willingess" since 2003 and that's about when I began following FAQ.

Thanks for the writing you do; thank you for the articulation of your ideas.

Getting direct access to your ideas, for me, continues to be a very big deal.

I still laugh about the amendment to the column headings, from years ago:  "Contributors Say" and "Ed Says"

Thank you for sharing your process and for mentioning me in your book.
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