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Ed
Seykota's FAQ
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April 30, 2019
Wants to Promote TTP
Dear Ed,
Last
night, a friend of mine attended the London Tribe's TTP session. I have
never practiced TTP with a friend before and was uneasy about how the
night may unfold. I was particularly worried about judgment from my
friend.
I take the hot-seat first and after working
through my 'uneasy' feelings I quickly get into the process. I notice
my friend supporting me and I feel intimately connected to him as a
result. The process seemed more powerful than usual and when I think of
him now, I see him as a close friend.
My friend has
been through a lot over the last 4 or 5 months. He has encountered
great loss on both a personal and professional level. When he takes the
hot seat he gets into his feelings with ease and is struck by how
powerful the process is.
Unfortunately, we have to end the
process early as we run out of time at the venue. He is exploring the
deepest part of his feelings at this point. I'm checking in on him to
make sure that he is OK as we stopped at a delicate point.
I
really see the potential of TTP to help him, and others who have gone
through great difficulties and suffering in life. As I mentioned to you
in my workshop application, I feel it is a shame that TTP is not
attracting a wider audience. It's mostly confined to men with a
connection to trading. I wonder if you have thought more about
attracting a wider audience since we last spoke?
I am willing to help.
Take care,
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Thank you for sharing your concerns about the growth rate of TTP.
In my experience, TTP spreads by example.
If
you treat your friends and associates according to the basic TTP
principles (such as acknowledging and supporting them in expressing
their feelings and points of view) they instinctively model your
behavior.
Currently I wear a number of hats. I maintain this
blog. I (recently) host a matching service to help potential Tribe
members connect with each other. I host occasional Workshops and
Breathworks. I host the Austin Tribe.
Mostly, I commit to living by the principles and to getting back on the horse when I fall off.
You
might consider helping others by providing an example of living
your life to the fullest. If someone happens to ask you about your own
personal development process, you might consider sharing it.
I find that proselytizing tends to drive people away.
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April 29, 2019
Assumption
Dear Ed,
I hope this email finds you well.
I came across a discussion forum where Portfolio heat was being discussed ... one of the users quotes the following : "...
I trade a trend following system similar (but not identical) to the one
you're talking about. I trade about 30 commodities and limit my total
portfolio heat to 52.5% of total account equity. Yes that is correct,
fifty two point five percent. That means I trade in a way that [Trading
Coach] and Ed Seykota strongly recommend against. ..... "
Assuming this quote correctly reflects your view could you please elaborate on why or point to any reference that supports this view.
From the quote above it seems that there is a threshold above which, total portfolio heat can be too much.
For
example System A trades up to 10 positions at the same time and risks
2% per trade (total heat 20%) and System B trades up to 25 positions at
the same time and risks the same 2% per trade (total heat 50%).
For
simplicity let's assume that the expected CAR for system A is 20% and
50% for system B, so return/risk is 1 for both systems so, although
System B is riskier, I cannot say it is "better" than system A, or is
there some additional risk that should be considered given the number
of simultaneous open positions ? From what I
understand, if a trader chooses a system with high portfolio heat,
naturally the higher the risk of ruin is, but is there a
math/statistical concept that advises against having more than a
certain number of open positions at the same time?
Thanks again for your time
Best Regards,
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Thank you for sharing your assumption.
I do not recall making any such statement. Nor do I normally "strongly recommend" for or against particular trading systems.
To see my actual analytics, you might consider reviewing the material in my Risk Management Article: http://www.seykota.com/tribe/risk/index.htm
You
might also consider taking your feelings about <doing your own
thinking / relying on hearsay> to Tribe as an entry point.
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April 26, 2019
Tribe Meeting Report
Ed,
I am nervous writing this. My nervousness fosters my procrastination in writing this.
On
our way to the Tribe meeting I feel nervous and tense. I know I have
issues I need to bring up, but I am not sure if they will be heard. I
also am not sure if my issues will be brought up, as the meeting was
called by another tribe member who is very hot.
The meeting
begins. My husband, who is also in this meeting, mentions he wants to
work on getting completion on things. He lets other things become
requirements that must be met before completing what he wants to get
done.
I mention I am nervous and that I want to ask for what
I want and sometimes put my needs first, as they tend to always be last
and sometimes don’t get attended to at all.
The Process
Manager asks me if I want to go first. I am too nervous, this is not
one of those times I want to put myself first. The PM then begins to
tell me a story about someone else who has trouble asking for a
something they want, more money.
This person attempts to
grab money just out of reach and has to ask for help, all while having
their pants down. They are “em-bar-assed” asking for money. We all
laugh at this vision. To me it also seems silly. A silly, funny vision.
With this vision in my head, the PM asks me to ask my
husband for something. I am still nervous, I stifle a giggle thinking
about the story and turn toward my husband. I ask him to listen to me
when I talk. To be present when I have something to say to him. Engage.
He looks at me. He looks directly into my eyes. He does not
hear me. His mind is not there. He “checks out” mentally when I speak.
The PM asks him to repeat what I have said. He tries, but cannot make the words come forth. He has no idea what I have said.
The
PM wonders, sometimes in anger, how he cannot know what I am saying.
After a bit, the PM realizes that my husband is “checked out” and asks
me to repeat what I am saying. The PM presses him to stay present, to
stay “checked in,” and repeat what I say.
He does so, with continual support from the PM. He finally realizes that he is checking out. It is a revelation to him.
Another
tribe member mentions he has difficulty in relationships where he gets
angry with others, feels he is not being heard, feels betrayed, and
says hurtful things in response to his companions. Resulting in damaged
or broken relationships. He wants to have joyous, fun, supportive,
relationships.
The meeting turns to my husband
again. He discusses putting other things first as opposed to what wants
to do. What is fun. As he says this, he waves his left hand up and away
from him as if he is holding something. He feels these “things” must
get done before he can do what he wants to do.
He
talks about having intimate moments with our kids, talking in his “big
chair” with our daughter and eating lunch talking with our son. He says
he wants more of that. More fun with them.
I tear up and
mention that I want that too. My husband just looks at me. He has
“checked out” again. The PM gets him back to the present. I repeat what
I said. My husband hears me this time. Then, the PM asks me what is
standing in my way.
I mention that he does not like the
way I act when I am truly giddy and happy about something. I become
somewhat childlike. I bounce, giggle and get quite animated.
The
PM says here is an example of fun. Right in front of you. My husband
just looks at me. He tells the PM I am right. He doesn’t like it. It
reminds him of his Mother, who has split personalities, who acted like
a kid a lot. I mention that I am not his Mother. He says he wants a
more mature person.
The PM asks him is he wants an older person who has medical issues, can’t move much, with tubes all around her. He says no.
We
arrive at a place where he can embrace my childlike joy as well as my
serious / mature side. It feels very intimate. I finally feel heard.
The PM mentions synchronizing our breathing. We agree to do so that
night. We do not. We giggle and laugh a lot. We are very tired and
agree to try the next night. We still need to do the
synchronize-our-breathing practice.
The meeting turns toward
the Tribe member facing anger issues. We find a critical incident. He
is a young boy who purchases a toy plane with his own money. It brings
him immense joy as he flies it home from the store.
As he
nears home, he begins to worry and fret that he will be yelled at and
made to feel stupid for wasting his money on such a frivolous object.
He foresees the verbal beratement from his Mother and his Father taking
the rest of his money to be put in a “safe place”.
To make
it less obvious he bought a plane, he scratches it up on the concrete
and rubs dirt all over it. He decides this is not enough to hide the
newness from his parents. He decides to bury it in his yard. In doing
so, he buries his joy. He returns to the site decades later to try to
find the plane. However, a structure is built over the spot. His joy
remains buried.
We role play the event as it happens. He
buys the plane, scratches it up, and buries it. He cries. He feels
sad. It feels real.
We role play the event as the
Hot Seat sees it play out in his head. He buys the plane, flies
it home into his house. His parents explode. His Mother says “that was
a waste of money”; his Father says “that was a stupid purchase” and
requires him to hand over his money so it can be put in a safe place.
The HS cries. The hurt is strong.
The PM says it’s time to
bring in the “big guns”. This is Eva. Eva (an actual 6-year-old girl
who lives in our neighborhood) is the epitome of unbridled joy. One
cannot frown or be sad or mad around Eva. She is pure joy. We decide to
role play the event with Eva.
The HS reluctantly agrees. He is deeply concerned his parents will hurt and / or kill her.
Eva
comes into the house beaming a huge smile, bouncing around showing off
her new plane to his parents. She is pure positive energy. Squealing
with delight. The parents cannot help but smile with her, feel her
happiness, and embrace the joy.
The HS is stunned. The HS
is amazed. The HS “checks out”. The HS begins to hear the name Eva in
our process and immediately “checks out”. The feeling of pure joy leads
“checking out”. A few minutes pass. He realizes that his own prediction
of hurt feeds his fear of hurt; and, it keeps him from having the joy
he so wishes for.
The HS agrees to role play again, Eva
style, his Eva style. He flies the plane home and performs amazing
dives and rolls, right in front of his parents. They feel his joy. They
embrace his joy. His Mother says “that’s a good use of money for that
much joy”; his Father expresses interest in learning about the
hammerhead stall the HS performs with his plane.
The HS
cries. Tears of joy. They feel the same; sting the same as tears of
sadness. They are related. The HS questions is the feelings of the
parents are real. He is assured they are. He cries again. Tears of joy.
We check out of the meeting.
Over the next few days, I feel closer to my husband. I see him doing more of what is fun for him.
I
smile and feel and feel happy. having intimate moments with our kids,
talking in his “big chair” with our daughter and eating lunch talking
with our son.
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Thank you for sharing your process and for documenting the meeting.
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April
24, 2019
The Long and
the Short of It
Hello Ed,
I'll be brief in respect of your time. I've watched the TT_Chartbook
"Buy the Dip" and "Long Only" systems for a while now.
I
wondered, is there a specific reason both of these programs are only
"Buy" programs? Have you thought about showing an example of a "Sell"
program?
When you managed money and traded both personally and professionally,
did you offer any "Sell" programs or Long/Short programs?
Kind Regards,
PS
- I learned about you when I took Van Tharp's trading personality test.
The test results mentioned you as someone to learn more about because
of our shared systematic trading mentality. I've enjoyed your site over
the years. Thank you for trying to help people become better versions
of themselves.
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Thank
you for raising this issue and for acknowledging my work with traders.
If
you consider futures prices moving up and down in secular cycles, then
you might expect to get the same size price moves (1) up in bull
markets and then (2) down in the ensuing bear markets. Since volatility
varies with price, we generally have a better gain/volatility ratio for
trades that originate at low prices.
If you consider the thesis in my book, Govopoly in the 39th Day,
you might expect inflation to attend the discount of fiat currency.
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April 24, 2019
Wants to Develop a System
Hi Ed,
I'm
currently learning "Algo Trading" .... I learned to place stop orders
from your words and finally I could have a good sleeping (I live in
Hong Kong and I am trading US Commodities) and just wait the order to
be placed automatically, I don't have to monitor the live quote
manually, thanks god! Thanks Ed!
(1) I also discover that
when I placing for example, a buy order and a stop loss order
following, the stop loss order tended to be executed with a high
percentage, which made me suffered losses in a short time. But if I use
options to short call with corresponding contracts, it tends to go
finally profitable with a much higher ratio.
(2) I also
learned to scale down the position size due to huge risk taken in the
past trades (although luckily it made me earned a good percentage
increased in capital), I found my winning amount also got scaled down.
What is your experienced comment on these two scenerioS?
Furthermore, I've done my homework on Support and Resistance Trading System Project ... as follows,
the
outcome is not good, with negative net profits.. and the software
doesn't allow me to use "Close" to compare with Highest High or Lowest
Low, or it would place no trades.. If I use "currentbar" to compare it,
trades are shown up. Which one is the correct one?
Thank you for taking time to read my silly words, have a good day Ed!
Best regards,
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thank you for sharing your process.
FAQ does not recommend specific trading parameters.
You might consider consulting your software vendor for information on running the software.
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April 23, 2019
Lunch Tribe Meeting
Hi Ed
First
of all, thank you for taking the time to have lunch with me. It
was so nice meeting with you. I think I wanted to meet with you
because after your last Workshop, my trading improved.
My equity has close to quadrupled (both trading gains and adding money
but mostly because of trading gains) from 2014 to 2017. I had
taken the breathwork workshop with you in April 2014 and after which my
trading had improved drastically. During the four year time
period, I followed my system diligently and only one time I did not
take the signal (when President Trump was elected). It turned out
to be right as the market went back up, I avoided the whipsaw and 2017
was my most profitable year. I boasted my market knowledge to
anyone who was willing to hear.
However, last year (2018)
the story was different, I got whipsawed on five straight trades, so I
did not take signal six and seven, these would have been losing
trades. I felt so proud that I have finally arrived as I could
decide which to take and which not to take. The next signal came
on Dec. 24th at the low of the market and after listening to the news I
convinced myself that I shouldn’t be taking trades eight and
nine. Now these two trades were the big winners and would have
paid not only for all seven losses but would have made money on top of
it, i.e. the trade would have taken my equity to an all time high.
I
would now back up and talk about the area I wanted to work before the
breathwork workshop. I had issue with trusting the market.
I had the feeling the market was there to get me and I would take a
trade, it would hit my stop and move in the other direction. Upon
this I would get scared, won’t take the next few trades which ended up
being fine trades. I would get in again and the process would
repeat. During the breathwork, I went back 30+ years into my
childhood and saw my parents leaving me in the boarding school, it was
a surreal experience. After that experience somehow the fear of
putting the stops disappeared and my trades were profitable and I was
happy with it. I think the markets were just right for my
system. Then came last year when the market was choppy and I got
whipsawed multiple times and I did not like the feeling. From the
conversation with you I realized I was taking my drama to a different
area. I only like it or can stick to the system when things were
working and not when things are not working. Another thing that I
have been doing is keeping on back testing to find a better
system. From the conversation I realized this approach is a sign
of me not trusting my system. I need to enjoy when it is working
and when it not working, just go with the flow and notice the positive
intentions of my feelings.
You gave a beautiful example of
food that my wife likes but I don’t like. Even though I buy fish for my
wife I never try to share my feelings about fish and learn my wife’s
feelings about fish. I had this conversation with my wife and she
said exactly the same thing you had mentioned that I get frustrated and
start blaming others when things don’t turn out the way as I
want. I want to control the outcome of a situation when I really
only have control of taking the action (e.g. taking the trade).
The same challenge happened in establishing the Tribe. In my
mind, the Tribe was about following the process and when people wanted
to talk about trades, I told them that talking about trades was not
what the Tribe was for. It was about talking about feelings and
getting to Right Livelihood. I reached back to two of the Tribe
members and one of them responded. We are working on a time to
meet with each other.
My wife also says thank you to you. She says whenever I meet with you I come back a better person.
Kind Regards
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Thank you for following up our meeting with a description of your process.
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April
22, 2019
Magazine Cover
Happy Easter!
I notice an interesting magazine cover.
Sincerely,
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Thank you for sending me this cover.
It seems to pass several tests for consideration as a contrary indicator: - Large Font - Emotional Imagery - Simplistic Message
Inflation
in the sense of "inflating the money supply" seems alive and well.
Inflation in the sense of "rising prices" generally follows.
For more on this, see my book, Govopoly in the 39th Day.
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April
21, 2019
Wants to Join
I am Nayan . I am new but wants to learn about stocks - equity and
commodity markets. I request you to allow me to join for FAQ group
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Thank
you for sharing your process.
You may browse around on this site as you wish.
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April
19, 2019
Wants to
Connect
Dear Ed,
Hi,
I hope you are doing fine and wish all the best in this beautiful
SPRING,
Dear Ed ... I have a Ph.D. in Electrical engineering. I am
also a trader. How can I communicate with people who are in trading. I
mean a forum, web page, community etc,
I am really grateful for your time and concern,
All the best wishes,
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Thank
you for raising this issue.
You can connect with Trading Tribe members through Resources, above.
Then select Tribe Services and Tribe Reach Out.
You might also connect with trader associations through your search
engine.
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April
18, 2019
The Essential
Tribe
Dear Ed,
some days ago I recall my own experience facing the child I was and
find a new meaning in Matthew 18:3, „And said, Truly I say to you,
Except you be converted, and become as little children, you shall not
enter into the kingdom of heaven“.
Today, as I read the Tribe Meeting reports from April 13, 2019
(„Sharing the Joy“ and „Free-Form TTP“), I long to attend a Tribe
meeting, where I can work on myself and help other people. But as I
think about it, I realize that I am holding Tribe meetings continuously
with my wife and children, helping and learning from each other,
switching roles as we all grow.
I see this experience, to face my internal child, to accept it, to
understand it, to embrace it and to admit that he knows better than
this older version of me, as a necessary step to make my current
situation possible.
Best regards,
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Thank
you for sharing your process and for celebrating your roles as husband
and father and for re-connecting joyously with your youth.
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April
13, 2019
Tribe
Meeting Report: Sharing the Joy
Ed,
Prior to
attending the Tribe meeting, I
write down my issue: In relationships, I sometimes feel rejection and
betrayal and then get angry and blow up at my companions, calling
them names and attacking them verbally. I know better than to do
this – even when it happens. I just seem unable to control
it.
Two other people attend the meeting: a businessman who has
an issue with procrastination; his wife, who has an issue with saying
what she wants.
We all have
considerable Tribe
experience and we agree to go with a “free form” Tribe meeting.
Rather than follow a strict format of one-person-at-a-time on the hot
seat, we agree to follow the basic TTP principles – and also to
open and conduct three interactive hot seat processes simultaneously.
The businessman
begins by telling us
that he can't seem to get things done – and that “other things”
come up that he has to do first, before he can get down to business. We
help him get into his issue and develop some forms, one involving
him raising his left hand as if supporting a heavy object to which he
has to attend. We then turn attention to his wife.
She tells
us she feels nervous about taking the hot seat and shy about asking
for what she wants. I ask her if she feels embarrassment. She says
that she kind of does. I ask if she can increase the feeling
of embarrassment by imagine asking for what she
wants naked.
We all smile about this
and she laughs and says she feels OK to proceed with her clothes on.
I suggest for her to go ahead and demonstrate her form in action, to
go ahead and ask her husband for something.
She begins by
telling him she wants him
to connect with her when she asks for something. While she does this,
he appears to "glaze over" and go somewhere else. Rather than
acknowledging the communication with “thank you” or by repeating
the communication, he just sits there. I ask him if he can repeat
his wife's request.
He finds he
cannot repeat her words or
even remember the gist of her communication.
We all see that he goes
somewhere else and that he does not listen to his wife – and all
this despite considerable experience with TTP and with active
listening.
I say, “OK, man, let's get with the program and try
this again.” He tries again, this time partially succeeding.
He
then says “Thank you for catching me going somewhere else. I could
really
feel your anger at me.”
I say, “Thank
you for letting me know
you could feel my anger. I'd like to continue with this process in a
way that provides guidance to you in a less angry way, one that does
not involve putting you down.”
At this point
we have “game on”
with all of us in process simultaneously.
I say, “How about
try the communication again. I can continue to give you feedback
if I see you checking out.” We all agree and after a few more
attempts, he manages to stay present with his wife when she tells him
she wants to connect.
Suddenly, we can all feel the connection. His
eyes moisten and as he feels her desire to connect and her frustration
and disappointment when she cannot.
He also says he
has difficulty
connecting with her when she gets enthusiastic and joyfully jumps up
and down enthusiastically like a little girl.
I ask if he might
prefer a much older-acting wife, say one in a wheelchair with tubes
in her arms and and wearing an oxygen mask.
He considers this and then
returns to receiving his wife, enthusiasm and all. They continue the
process and soon go deeply into a very intimate place.
I suggest
they might consider synchronizing their breathing when they retire
for the night, to further enhance the connection. They look at each
other and say they might not make it home for a while, as they might
have to stop at a motel along the way.
They then both
start to focus on me. I
tell then I have an issue with anger management and I think it comes
from, among other things, a critical childhood experience. I recount
saving up my allowance
and then walking to town and spend my money on a toy airplane. I then
proceed to fly the plane home. I hold it in my right hand and make
it perform all manner of stalls and dives and death-defying banks and
turns – all complete with sound effects.
Then, when I
finally see my house come into view, everything changes. I realize I
simply cannot
take the plane into the house with me. My mother would berate me for
spending my money on something silly and my father would scold me for
not saving my money and he would take away the change and put it in a
“safe place” for me - until I could learn to act more
responsibly.
Furthermore, if I would dare to complain or show any emotion, my
father would slap me across the face - or at least say “If you feel
like crying, I can give you something to cry about.”
So rather than
risk such reprisals, and
in a cold sweat, I decide I better do something to hide my new
airplane.
At first, I try to disguise its newness by scratching it
on the cement curb. That only makes it look like a new plane with
new scratches – a condition I would have even more difficulty
explaining – and that might invoke additional rebukes for “not
taking proper care of your toys.” I decide to rub dirt into the
scratches to make it look old. Alas, that still leaves evidence of a
new toy and more unanswerable questions. Ultimately, I decide to
bury my new plane in the garden and not bring it into the house at
all.
We run this
scenario as a role-play. It all gets very real to all of us. On this
first trial, I bury the
plane and then stand there crying at my predicament and at the loss
of my toy.
On the second trial, I bring the plane into the house and
suffer my parents' scolding and humiliating me. I stand there
sobbing and experiencing the pain of humiliation and rejection. I do
not dare to show anger.
I do not know what else to do. I have no role model for this
situation.
At this point the other Tribe members step in to provide instructions
for operating a replacement Rock.
They comment that I seem to have more than an anger management issue.
The wife tells
me that when I bury the plane, she feels me also burying my love and
joy. She says my real issue might have more to
do with joy management than with anger management.
This
surprises me. Perhaps I don't understand my own issue.
Such
is the value of Tribe. We illuminate the path for each other
-
from different perspectives.
She goes on to tell
me a story about “Eva” a 6-year-old girl in her neighborhood that
continuously jumps up and down and shrieks with delight when she
comes to visit her friend (the couple's daughter).
Then the two
girls go prancing off together jumping up and down and laughing and
giggling. She says, “you just can't stay sad around Eva. She brings
pure joy
wherever she goes.”
She suggests we
re-run the simulation
with Eva taking my place to model a new approach for me. I show
considerable resistance and say “I feel fear that my father might
wind up slapping her unconscious for such a direct show of emotion.”
Both
of them assure me that they think we can run the role play safely and
that we might learn something.
During the
ensuing role play, Eva just flounces
into the house with her plane and flies it right over my father's
belly and up my mothers' side, all the while giggling and jumping
with joy. To my enormous surprise, both of my parents start smiling
and wanting to join in the fun.
I simply cannot relate to what I
see. I ask my fellow Tribe members how come they don't try to scold
Eva. They say they don't feel like scolding her – they feel like
playing with her.
This hits me like a ton of bricks. I go
into disbelief and shock and feel sick in my stomach. Perhaps my
issue has very little to do with my parents. Maybe it has to do with
my own projections. My Tribe members encourage me to run the
simulation again, only this time running it in “Eva mode.”
I reluctantly
agree. With additional
encouragement, we begin the simulation. I fly the plane, newness and
all, right into the living room and perform several complex maneuvers
right in front of my parents.
Both parents smile and my father says,
“Wow, you sure seem to know a lot about flying.” When I hear
that, I experience intense surprise and disbelief.
I finally allow myself to experience
acknowledgment from my father - after waiting a lifetime to hear it. I
feel a wave of release sweep over me. I can share my joy without
fear of reprisal. I just stand there, marinating in my father's
acknowledgment, empty and happy and sad and joyous - and sobbing
without reserve from
very deep place.
Thereafter, we check out for the evening and
acknowledge each other for our contributions to each other. We
reflect on our rather chaotic Tribe meeting. We follow general
principles and make up the structure as we go. We notice we have
various forms of the same issue and all get through them by working
together.
I feel that formal structure has a lot of value, especially
for newcomers, while they get
the hang of TTP. Once they master the principles, they
can pretty much apply them as they see fit.
After the Tribe
meeting, I notice many
changes. In my relationships, I have much less fear about
what others think about me, and more desire to share
my joy
about my life
and interests.
I also have more desire to connect emotionally with others
and to listen to their feelings. I find myself behaving differently,
less judgmentally and with more compassion for others. I also have a
new desire to do and to share fun things. For example, the next
day I travel to another city and attend a concert, just because it
sounds like fun.
I
also sign up for a series of horse-riding
lessons. When I ask the instructor about the class size, and what
kinds of people normally sign up, he says he normally takes about four
or five
people out at a time – mostly 8-to-11-year-old girls. Wow! Coincidence?
Seems more likely my own internal Eva finally coming out and
play.
I'd
like to acknowledge the support of my many friends over the years who
encourage me to stick with it - and also to my Tribe members who show
up and give their all so that we can all make it through to the other
side.
|
Thank you for
sharing your process and for documenting your meeting.
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April
13, 2019
Tribe Meeting
Report - Free-Form TTP
Ed,
We
have a TTP meeting. I notice that we have an agreed upon day and time
to start the meeting, yet the starting and ending of the processes for
the meeting are not constrained to the start and end times of the
meeting. We begin well before the meeting and, for myself,
continue well after the meeting concludes.
We have rules
governing TTP. We have training wheels for TTP. We take off the
training wheels and go with the flow. We transcend the rules and
embrace the process that unfolds. It’s scary, really scary. And, as it
turns out, kinda cool.
A lot of kids show up at the Tribe
meeting. The kids are us and in each of us. And we get a surprise visit
from a kid, "Eva." Eva exists in real life. Eva models unbridled
passion.
We check in and start with the people that don’t
have anything to work on. Right. That lasts a Hot minute. We quickly
realize that we all have stuff to work on; we are all in this together.
I’ll
start with my non-Hotseat, Hotseat. Again, we recognized quickly and
with tacit agreement that we are going to help each other get to
wherever we need to get to with whatever resources necessary. We
commit, really commit.
I can’t see the joyful kid in me. I
see it in others. I keep looking. I don’t see it. I go somewhere. A
Tribe member wonders where I went. I don’t know. I don’t know I’ve
gone. This takes more than a few times for me to realize while I’m
physically there, but not there in other capacity. I commit to staying.
I don’t know
how to stay present, and it takes a while for me to recognize that I go
somewhere.
This
happens a lot. I stick with it, and the PM helps me get to the other
side where I can remain present with my wife as she expresses joy (the
kid in her).
There’s a lot that goes on, and I rely
on my fellow Tribe members to more accurately report this part of the
meeting. I slip in and out. I do finally “Get it” and see the silliness
of my own bullshit.
The PM patiently and persistently
sticks with me to help me get to the other side. At one point the PM
find himself taking sides. Siding with my wife, and he starts getting
angry with me. He wonders, “Why can’t I see it? It’s right in front of
me.”
I have a memory of immediately recognizing that his
anger is simply part of the process, and I welcome his anger, and I
commit to myself to continually speak clearly what is my truth, my
reality in that moment and continually remain authentic.
The
PM realizes that I leave, that I check out, that I “go somewhere.” I
acknowledge that I do “go somewhere” shut down where I cannot hear or
even see my wife and have no memory of what she says. I know I’m doing
it, and I can’t help it. The PM gets that what I’m doing is
the
best I can do.
The PM stops getting angry and realizes he
is taking sides and that I’m not faking it, that I really can’t hear
her. Eventually, I get to the other side where I can hear her and what
she wants.
She tells me what she wants. It’s great! I
don’t have to guess at what she wants. A lot happens. I have a memory
of getting really clear on what is my own bullshit and what I am doing
that is stopping me from having fun and intimacy with my family on a
deeper level.
I start to experience more joy and fun with
my family. Whatever happens is pretty cool. I come out of the process,
which now I recognize as a Hotseat, with increasing clarity to
recognize when I, and others, checkout and are no longer present in the
moment. I gain resources on how to stay present and really listen.
I
notice that the resources I gain from my Hotseat actually are the
resources I’ll employ later in the meeting as the PM for another Tribe
member’s Hotseat. Without the resources from my Hotseat, I could not
process manage the other Tribe member’s process. His process managing
of my process gives me the resources to manage his process.
I’m
pretty sure another Tribe member takes a Hotseat and I checked out for
a lot of that so I really can’t comment on her process. I’m not at all
sure when one process stops and another begins. They are all connected.
The processes have iterative, seemingly meandering, connections and
overlaps.
Now I act as PM for another Tribe Member’s
Hotseat. He starts. He’s done a lot of work in preparation and has a
list of critical incidents ready to go. We start to unpack the list.
There’s anger there, and fear. I notice there is a lack of joy. We find
a critical incident of a time when he buys a toy plane.
This
is the critical incident: He is pretending to fly a blue and yellow
airplane with a prop that turns and wheels that don’t. He is six years
old and saves his money to buy a plane. It takes him a while to save
this much money. He only gets a quarter a week allowance. But he saves
his money, and he buys the plane.
Walking home with his
newly bought plane purchased with his own money, he feels immense joy.
On the walk home, he holds his plane in his right hand, and makes
flying sounds as he illustrates its aerodynamic capability which
includes dives, turns, and hammerhead stalls.
He
gets closer to home, and he begins feeling fear. Fear soon replaces
joy. He imagines the reaction he’ll receive from his mom and
dad.
He envisions his mom saying, “that’s a WASTE OF MONEY,” in a
judgmental, condescending way that makes it clear that he is both
stupid and unworthy of joy.
He visualizes his father’s
controlling reaction demanding that he hand over any unspent money so
that his father can then put the unspent money in the bank for SAFE
keeping. His father makes it clear to him that he doesn’t know the
value of money and that he has no right to his own saved money, and
that he does not have rights to his own property, and that he can’t
keep valuable things SAFE. He sees his mom and dad
double-team
him. He can’t imagine anything else. That is his six-year old reality.
But
he is smart. He decides to reduce the risk to an acceptable
level. He decides that he can decrease the intensity of his parent’s
reaction by having purchased a used plane instead of a shiny new one.
He imagines that they won’t get as mad, and perhaps not mad at all, if
the plane is used and beat up. He assumes his mom and dad would
recognize that a used plane would not cost him much money.
Perhaps,
he reasons, that would make his purchase more acceptable to them. He
takes his shiny, new blue and yellow airplane with a prop that turns
and wheels that don’t, and scratches it on the ground. He scratches it
again, and again. Then he rubs dirt in it. He makes certain it doesn’t
look shiny and new. Now the toy plane looks old and used. But
the
scratches and dirt do not make the fear go away. He decides it is
better to bury the plane than to face the brutal verbal assault of his
parents. He buries the plane along with his feelings of fear and
underlying anger, and along with his feelings of JOY!
Years
go by, relationships go by. He notices a pattern. He can’t
let
anyone see his anger. He doesn’t want to hurt anyone. He hides his joy.
Immense joy is linked with anger. Joy leads to fear leads to anger and
not necessarily in that order. Nevertheless the anger and joy feelings
are intimately connected. To feel one immensely is to feel the other.
Tears of joy and tears of anger both burn the eyes.
Years
pass. He looks for the joy that he desperately wants now, the joy that
he buried a long time ago. He is adamant about finding that joy. He
physically returns to the burial place of the toy plane, but he can’t
find the plane. What he does find are physical structures
preventing access to the burial spot of his plane. And NOW, in the
meeting, we discover non-physical structures preventing access to his
feelings of joy.
As PM, I realize that it’s going to take
something really powerful and really big to remove these structures.
It’s time to bring out the big guns, the heavyweights. It’s time to
bring out Eva.
Eva is five years old. She has contagious
JOY. It is physically impossible to feel anything other than joy around
Eva. You cannot help but feel joy around Eva.
We invite Eva to the meeting. A Tribe member agrees to play the role of
Eva.
Enter Eva.
It’s time for Eva to meet the parents.
But
wait, the Hotseat feels fear that his parents will hurt Eva. He feels
scared for Eva. Of course, he hasn’t met Eva and doesn’t know the power
Eva possesses. We get agreement to move forward with Eva meeting the
parents.
The Tribe members agree to play the role of mom and dad, and Eva.
Eva
meets the parents. Eva runs into the room. Eva is so happy. She squeals
with delight and energy. She is Joy personified and mom and dad feel
the joy, well Dad doesn’t know what to feel at first, he is a bit
confused, and mom feels happiness.
Dad starts to feel joy
and it confuses him. He doesn’t know what to feel, but he feels “good”
and he “likes” the feelings. He still judges his feelings, but there is
an absence of any ill feeling whatsoever. Mom feels quite
happy.
Dad finally feels joy.
The Hotseat appears shocked into a new reality, a completely foreign
reality.
The
Hotseat goes somewhere, he completely shuts down. Eva keeps coming in.
He keeps shutting down. Now just the mention of the letters “E-V-A” and
he shuts down instantly. This is his pattern, to begin to
feel joy
and shut down.
The Hotseat agrees to employ the resource Eva
uses, and we role play with his parents. He shows his shiny new plane
to his parents in his own way, feeling deeply and passionately in his
own way.
His mom feels his passion and thinks, “I don’t
know what that toy airplane costs, but to get that much joy, that’s a
good use of money.” She feels happy. Both parents are attracted by his
passion. They are drawn in to the contagiousness of his passion. His
father feels happy. He notices how much his son knows about
aerodynamics and wants to see the hammerhead stall again. He is really
interested.
The Hotseat breaks down and starts crying when
he hears his father express interest. The Hotseat, tears flowing, asks
“Are you faking it?” There’s no faking anything. The feelings are real.
The Hotseat continues processing. He expresses feelings of joy.
Post Tribe
Meeting Report
There’s
a business I’m working on that I’ve been working on for a while.
I call
someone that I meet and have affinity for. I have a memory of liking
this person from the first moments of meeting him. He has a skill set
that compliments my skill set and vice versa. I share my joy in the
business I’m working on and express interest in working with him. He in
turn expresses interest in working with me. We share feelings.
I
call a college friend that I think of often and have not spoken with
for thirty-four years. He tells me he sells his business of thirty
years and is embarking on the next stage of his journey. He says, out
of the blue and completely non sequitur, that “We’re all just kids.” I
agree with him, we are all just kids.
What I Get
from the Meeting
It
doesn’t matter how old we are, we’re all just kids trying to figure out
our place in this world. And there’s joy in that. A lot of
joy.
In
the Tribe meeting we find the Eva inside each of us. Each in our own
way. We enter the TTP Holodeck, experience different realities, and
come out the other side a bit better having made the journey together.
I
learn that real commitment creates space for more intimacy and more
feelings of fear and feelings of joy. It’s a roller coaster ride. It’s
honest, it’s naked, it’s joy filled. And sometimes it’s free-form
chaos.
|
Thank
you for sharing your process and for documenting your meeting.
|
April
13, 2019
Wants a Mentor
Good morning Ed Seykota
I
must take this opportunity to introduce myself. My name is [name] from
South Africa. I am a person who is willing to do business. I am looking
for a person who can mentor me and train me in trading.
I was looking for best traders in the world I came across your name. I
am willing to learn.
I am coming from the poor background I striving for better future.
I honestly want a coach somebody who will build my life.
I apologize if there is anything offend you.
Warm regards
|
Thank
you for sharing your process.
You can read through FAQ for free.
You can send questions to FAQ for free.
You can also form or join a Tribe for free.
If
you want to spend a lot of money, you can attend one of my Workshops,
and see how, ultimately, right livelihood happens along while you serve
others.
|
April
11, 2019
Wants to Come
Up with a Form
Dear Ed,
After reading the book, given that my nearest established Tribe is 2
day round trip due to flights, I decided to start our own Tribe.
Now we have three people in the Tribe. We had several meetings now, but
we seem to stuck on form.
Intuitively I think the form was linked to our knot, and it should
surface in the TTP process. However, first was me, I went blank coming
to form, I can't come up with any form.
Others were able to do form in the beginning, but I must somehow give
them the disease, last meeting, none of us able to do form.
We all feel stuck, even we were cheering each other on. The worst was
we start feeling anxious about form. One suggested maybe form is our
knot, but how can all three of us having the same knot? We decided for
another member take over the chief role and for me to write to you ask
for help!
Best Regards,
|
Thank
you for sharing your process.
At your next Tribe Meeting, you might consider saying: "I feel stuck
and anxious and unable to do this right."
Say this over and over, each time with more passion - and also let your
body language emphasize your feelings.
When you really feel yourself really getting into it, you may notice
your form and expect to get a lot of enthusiastic support from your
Tribe.

|
One Version Of The
I-can't-do-this-anymore
form
|
Attribution |
|
April
11, 2019
Wants to Sign
In
Hi Ed,
I have just tried to sign up as I think the platform you have created
is amazing, but after I put in my details etc, nothing happed and I am
unable to sign in to make contact with my local Tribe.
Please advise if I am missing something, or if it is simply a case of
waiting for my registration to be activated from your end?
Yours,
|
Thank
you for sharing your process.
You might consider logging in to your account with the exact same user
name and password.
If it still does not work, send me your user name and password and I
can try it from here.
|
April
9, 2019
Wants to Lose
Fear of the Markets
I’m based in San Francisco since 2010 but I’m originally from Mexico
City. I’ve been a trader since 2015 and a follower of Ed’s philosophy
(not yet the Tribe though) and I’m creating an education initiative for
Latin America and US Hispanic to get familiar and lose fear of the markets.
Specifically for Mexico City date I would love to have Ed as a keynote
speaker and if my budget is enough, also to consider a workshop. I’d
love to know more about the keynote pricing with all travel paid from
my side of course. I’m completely open to accommodate dates to Ed’s
agenda and availability.
Thanks,
|
Thank
you for reaching out to me.
In TTP we hold that all feelings have a positive intention.
For example, <fear> has a positive intention of risk
management.
If you were to lose your fear, you might wind up taking enormous risks.
I might like to participate in a celebrate-and-balance-the-fear process
rather than a lose-the-fear process.
You might consider taking your feelings about <fear> to
Tribe as an entry point.
|
April
6, 2019
Letting Go
Dear Ed,
May your life be fulfilled and peaceful now and forever more.
Have you read the book 'Letting Go' by David R. Hawkins? If so, how do
you see it?
Thank you for being an inspiration, and greetings from Spain,
|
Thank
you for raising this issue.
I gather the author likes to classify feelings according to how "good"
or "bad" he finds them.
In TTP we hold that all feelings have a positive intention and that
judgments about our feelings tends to tie them up in "k-nots."
|
April
3, 2019
Trend-Following
Hint
Ed,
Photo of us riding trends.
Trend-Following Hint: Much easier skiing with gravity.
|
Thank
you for sharing your process and insights.
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