The Trading Tribe

Ed Seykota's FAQ
TT_Services | Send Mail to FAQ | Resources | Ground Rules | FAQ Index

Join A Tribe

Austin Tribe
Starting May 4

Contributors Say Ed Says
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, 
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.
April 29, 2019


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,

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:

You might also consider taking your feelings about <doing your own thinking / relying on hearsay> to Tribe as an entry point.

April 26, 2019

Tribe Meeting Report


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.
Thank you for sharing your process and for documenting the meeting.
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.
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.
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,
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.
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

Thank you for following up our meeting with a description of your process.
April 22, 2019

Magazine Cover

Happy Easter!

I notice an interesting magazine cover.


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.
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
Thank you for sharing your process.

You may browse around on this site as you wish.
April 19, 2019

Wants to Connect

Dear Ed,


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, 
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.
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,
Thank you for sharing your process and for celebrating your roles as husband and father and for re-connecting joyously with your youth.

April 13, 2019

Tribe Meeting Report: Sharing the Joy


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.

April 13, 2019

Tribe Meeting Report - Free-Form TTP


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




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? 

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.


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


Photo of us riding trends.

Trend-Following Hint: Much easier skiing with gravity.

Thank you for sharing your process and insights.
To Top of Page