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Ed
Seykota's FAQ
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| FAQ February
01-28, 2019 <-- back | down | forward --> |
| Contributors Say | Ed Says | |||
| Feb 25, 2019 Insufficient / Impossible / Hunger Dear Ed, I am an investment manager here in Dublin, Ireland, and I currently have two small mandates from two families here in Ireland. Performance has been stellar using a long only concentrated strategy, however, the fee income generated is not sufficient to maintain my family. Furthermore, the fact that I was out of the market in September by reducing exposure prior to the spike in volatility, they are negotiating reducing my fee … yet it Is part of my default strategy. I have traded options for my personal account from August 18 – Oct 18 and returned 32.24% for the period using long / short. I love markets, believe I have an edge over the majority of the participants, however, Ireland is impossible to secure sufficient equity capital to scale a business. I understand you may receive many emails and I would love to hear your thoughts on my path to take, I have 2 young children and I am hungry. Investment management firms in Ireland do not perform and are essentially index trackers. Look forward to hearing from you. Regards |
Thank you for sharing your process. You might consider taking your feelings about <insufficient>, <impossible> and <hunger> to Tribe as entry points. |
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| Feb 24, 2019 Long Only Hello Ed, Thanks a lot for giving the opportunity to ask you questions and I really appreciate it. Could you please let me know your thoughts on the following and if any of it is not according to the FAQ rules please ignore them. 1. Long-only trend following system. Is this mean trading from short side of the market is as good as long side. 2. I saw the entry on Heating Oil on 13th Feb in long only trend following chart and trying to understand how the sell stop moved so close to the trade and I was surprised and thinking. 3. Do you use volume information for the trades. I really appreciate your time and if you don't like to answer them please ignore my email. Thanks a lot for your valuable time and effort to share your wealth of knowledge which helps world a better place for everyone. Thanks and Regards, |
Thank you for raising these issues. 1. Long-only trading means you trade only from the long side. 2. Sell stops tend to rise during the course of a trade. 3. Volume informs the decision about which instruments to trade. |
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| Feb 23, 2019 Trading in the 80's Hello Ed, I looked you up via LinkedIn and found this email. I was reading about trading in the 80’s and your name came up. I was blow away by your gains and intrigued by your trading system. I would love to learn more about your experience and success. |
Thank you for reaching out to me. You might consider reading through FAQ, ordering one or more of my books, signing up for a Workshop and joining a Tribe. |
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| Feb 22, 2019 Wants Funding Hello Ed Seykota! I am 33 years old ... I've been going to write you a letter and now it's time. Over the past 8 years, I have studied all possible literature and primary sources, concerning practices and methods of prolonging life, numerous drugs of artificial and natural origin, capable of effectively treating cancer, able to prolong life. I have visited many scientific institutions and laboratories dealing indirectly or directly with this and other problems of humanity. Learned lifestyle and many other the twists and turns dozen long-livers across Russia, Asia and Eastern Europe. During this time, clear views were formed on the solution of these problems - problems that concern each of us, regardless of nationality, religion, political views or social status. Dear Ed Seykota! I ask you to teach me how to trade in the foreign exchange and commodity markets, so that I can earn the money for which I was able to create research institutes with the latest science and technology, to gather the best of the best scientists from around the world, who will study in the form of large-scale research, the possibility of extending human life, improving the quality of life, complete cure of childhood diseases and the scourge of the modern world - cancer, HIV, influenza and others. It may seem I set myself too high and unattainable goals, but as said, O. de Balzac: "He who seeks millions, very rarely finds them, but who do not seek finds ever!". Only in our case, I am looking for solutions to a variety of problems, which I wrote a little above. For me it's the meaning of life and I will achieve this goal in any way, this is my character. Returning to the question of children. For me, children are the meaning of life, that's all of ours. Unfortunately, there is a huge number of children's diseases, because of which children die in childhood or lead a bad life. Established institutions will be engaged in search of means for the complete eradication of all childhood diseases. Just imagine how many lives you can save and give them what we had. I want to say is the fact that I have no problem to enrich themselves at your expense, in my life, I've been getting a lot accomplished, and I have enough money for a comfortable life, but not enough to give it purpose. The more that is on the scales the lives of our friends and relatives. I know I can change the world, make it better. A world in which everyone can live a long and fulfilling life. That is why I will be glad and grateful to you for absolutely any help that you can give to make my words in this letter a reality. Also, if you do not mind, I would like to name the institutions created in your honor (for example, Rogers pharmaceutical company) as a person who, despite his position, thinking about the future of all mankind. I'm not a writer, it is beautiful to express thoughts is not my forte, but I tried briefly to write the letter. After all, I understand that you are a very busy person and do not want to take a lot of your time. Help me, please, together we can make the world a better place! Until the end of my days I will be grateful to you and your family for trusting me, that you will render me and I will thank you with the same kindness and that I will be able to get answers and concrete solutions to the above questions and problems. I hope you will receive and read this letter! Thank you in advance! I wish you and all who are dear to you good health, long and very long life and simple human happiness! If you decide to respond to my letter and request, to learn more, to talk, please email me. Oh. It will be a great honor for me! P. S. Summing up, I want to emphasize the importance of research in these areas. Regardless of whether you help me or not, please, you have all the possibilities for this, you will be able to do everything yourself and organize, do not put it aside. I believe in you and in your good deeds! |
Thank you for raising this issue. Running an institute and trading seem like two different and full-time occupations. Trying to do too much might invite errors. You might consider taking your feelings about <doing it all yourself> to Tribe as an entry point. Also, thank you for your offer to name your institute after one of my colleagues. Perhaps you forgot to edit your form letter before sending it to me. |
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| Feb 22, 2019 Activity Good Morning I have been looking for some guidance with my trading and have came across Ed Seykota a few times. Is this group or website still active ? Thank you |
Thank you for checking for activity. |
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| Feb 19, 2019 Wants to Join Austin Tribe Hello Ed, Thank you very much for your response, I was able to see your response on FAQ web page and am really looking forward to it. I was just wondering how to get more details such as location and time for the Austin Tribe or will you still send those details out? Thank you, |
Thank you for sharing your interest in joining the Austin Tribe. See the link above. |
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| Feb
18, 2019 Losing Money and Sticking With It Hola Eduardo, Thanks for the kind words. I feel more committed than ever to my system. You might like to read this.
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Thank
you for sharing your process and how you deal with whipsaws. |
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| Feb
17, 2019 Tribe Meeting Report Dear Sir, Please find the Mumbai Tribe Meeting Report for our meeting on 14th February 2019 below: We begin the meeting with drumming and continue to check in. Check In TM1(I) : I share that I feel anger towards my parents. With my Father, the anger is around him not being particular about money and deals, a trait I feel I share. With my Mother, I feel a mix of anger and sadness after she is diagnosed when diabetes. I recall feeling angry at her for living a sedentary lifestyle. I also share that I am attracted to someone I meet and am looking forward to dating, though my previous dating experiences are train wrecks. I am ready to take the hotseat. TM2: He shares that he takes a break for 2 days after a headache that lasts around a week. He realizes the importance of good health. He has mixed feelings after a client allocates to him a large sum of money. He is unsure of the size and also feels that the client can push him (TM3) to override to his own systems. TM3: He shares that he is worried about his weight, and also feels like he has to lose around 10 Kgs. He also has mixed feelings after learning that his brother who is 3 years elder to him weighs quite a bit less than TM does. TM4: He is ready to take the hotseat today after getting clearance from the Doctor. He shares that work is OK and that some of the processes that the new Portfolio Manager is implementing are good. TM4 is also missing his fiancé who is in a foreign country, completing her education. He elects to take the Hotseat. We continue to the hotseats. Hotseats Hotseat 1 TM4 takes the hotseat with TM1 as the Process Manger. We start with a bit of story telling, where TM4 shares about the new processes at work. He is happy about the passive partner now becoming the Portfolio Manager and the processes his is implementing though TM4 is not liking how he (Portfolio Manager) is rather indirect in his communication. TM4 shares more of the story as he keeps rubbing his right thumb, index finger and forefinger. He moves his head from left to right and smiles. I freeze him and test for willingness. TM4 wishes to continue. He swirls his tongue around his mouth and moves his head and he twitches his thighs. As we progress, TM4 starts moving his lower jaw. I freeze him again and he shares that he recalls seeing an image of Jim Carrey. I ask him whether he wishes to continue on the hotseat and he agrees. As we progress, he feels a shooting pain in his skull. He then starts to move his right arm and also feels some pain in his right shoulder . He has a realisation that he is not paying attention to his recovery. He also shares that he begins projects with great gusto but does not focus on finishing them well. We end the ho Hotseat Check Out In the checkout, the other tribe members share that we are happy to see TM4 take the HS after more than a year. I feel that TM4 ends the process due to physical exhaustion than due to unwillingness. The other tribe members also share their concern about TM4 hurting his right hand and shoulder. HS4 feels grateful. Hotseat 2 TM1(I) take the hotseat with TM3 as the PM. I bring my relationship issues to the HS and also share that I am attracted to someone I meet. I start with some story telling and PM catches a form. I make a face and PM urges me to make that face. I blurt out that I have feelings of shame and "who'd date me?" as we progress with the hotseat, I have a thought that my Mother does not want me to date. PM asks me how I feel about it and I respond by saying "to hell with it" and then smile. I share that I feel like putting this off and working on it in the next meeting. I grunt and heave as I feel a pressure on my forehead. PM & Tribe cheer me on as I focus on the lock on my forehead. Some of it moves and I feel energy on down my spine and on the center of my head. I feel a tender spot on the middle of my spine and notice I lock it as the energy passes thru it. As I progress, I am confused at the number of things I feel. I feel a tight spot on my right ankle and the pain on my forehead. I elect to end the process. Hotseat Check Out TM4 feels that this is not a great process. He feels that while trust the Tribe and I am willing, I use words and descriptions as a reflex to avoid feeling. TM2 feels that this is a good process. TM3(PM) feels that at during the HS, he feels like I am holding back a lot of anger. I agree with TM4 & TM3s assessment. I do feel guilty & bad about getting angry at others. After 2 hotseats, we elect to end to meeting. Meeting Check Out We are all grateful that we are meeting. Early in the day, we all have some doubts about making it to the meeting and all 4 wanting to put it off to later. I feel grateful tot the Tribe but I feel awkward and weird sharing my gratefulness with the Tribe. Regards, |
Thank
you for sharing your process and for documenting your meeting. You show skill in drawing out forms and in freezing them. At that point, you might consider engaging the Rocks process to locate a critical event and to practice resolving it through role playing with the Heart Rock. This identifies and resolves the deeper issues. If you heat someone up and then don't resolve his underlying issues, you risk sending him home hot - all set and ready to resolve his feelings in the same old dramatic way. If you start capitalizing opportunities for deep healing, you might find Tribe members developing more enthusiasm about attending meetings and participating fully. In the case of your feeling your mother judging you about dating, I notice you shrug, swear, smile, put it off and eventually elect to terminate the process. You might consider studying, mastering and implementing the Rocks Process and then taking your feelings about <motivating others> to Tribe as entry points. You might find this excites, invigorates and motivates your Tribe.
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| Feb
17, 2019 Austin Tribe Hi Ed, I want to join the new series of Austin Tribe Meetings. Thank you for your consideration. Thanks, |
Thank
you for applying to the Austin Tribe. |
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| Feb
16, 2019 Back to the Basics Hi Ed, I’m much slower now due to worse lower back pain. I am on medication and doing more exercise per day to recover from back pain. I need to recover so I can go out and find a job. My physical therapist teaches me to walk slowly and move slowly in a controlled way to protect my back. I feel that you too are my therapist in trading and relating. :) Thanks, |
Thank
you for sharing your process. Medication and exercise treat symptoms. You might consider identifying any critical incidents associating with the onset of your lower-back pain. You might also consider taking your feelings about <safety> and <receiving support> to Tribe as entry points.
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| Feb
15, 2019 Goa Workshop Dear Sir, I saw there is an update on Possible TTP workshop in Goa/Mumbai, may I know how can I register? Best regards |
Thank
you for raising this issue. You can find more information about the Goa Workshop at the link above. |
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| Feb
14, 2019 Let's Give Stupidity a Chance Ed, You might link this video. |
Thank
you for sharing the link. |
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| Feb
12, 2019 Reseating Sterling Hello Ed, I enjoyed the seeing revised labeling and increased coverage of your charts. Thank you. Britain as part of "America" instead of "Europe". Funny or inadvertent, I laughed. Best, |
Thank you for the catch. Sterling again sits proudly with the other noble European currencies. | |||
| Feb
11, 2019 Tribe Meeting Report Dear Ed, I want to share my recent Tribe meeting experience. I feel deep gratitude for my Tribe leader for holding the meeting, and the Tribe’s willingness to fully experience their feelings, and help me experience mine. A new member prepares by reading your Trading Tribe book and bravely journeys deep into his feelings right away. I admire his courage. I notice immediate and positive changes surrounding the Tribe meeting. I feel surprise with my new, strong desire to connect. I make several new friends. I expand my support group. I attend more meetings and introduce myself to more people in the last two weeks than I have in the past two years. I feel more alert and active, and less in a passive trance. Prior to the tribe meeting, I have trouble sleeping. After, despite being away from home on an uncomfortable couch, I experience a deep, satisfying sleep. I realize I cover up mild feelings with strong and scary feelings of worry. I entrain my feelings of worry as I predict end-of-the-world, worst-case outcomes for minor events. While I worry, my head shakes, my heart pumps heavily and I cannot focus. Ironically, I find comfort in worry. I accept worry, and may even have an addiction to worry. This helps me medicate less dramatic, everyday feelings of disappointment and guilt from failing to follow-through on important, non-urgent work. I carry the weight of my worry on my back like Atlas. I actively seek out new sources of worry to make the load heavier. I brood and obsess over my worries. This helps me avoid a deep issue: I get closer to right livelihood, and never fully there. Through prior tribe work, I identify deeply satisfying work I truly love; yet, I timidly wade into my work. I fear fully diving into the process of improving the quality of life on this planet by serving more people with my special talents. I feel doubt. I feel fear. I fear not being good enough. Perhaps, I also fear success. Mostly, I fear messing up, and getting into a lot of trouble for messing up. Thank you, |
Thank
you sharing your process and your willingness to do the work - and for
documenting your Tribe meeting. |
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| Feb
11, 2019 Ed for Precedent Mr. Seykota, Since you know so much about how government policies affect the economy, why haven't you run for any public office? You could have used your expertise to influence public policy instead of the yahoos running the government that we currently have (and have had for several decades now). I look forward to your response. Thank You, |
Thank
you for raising this issue. I recall, back in the day, wanting to fix the system, running for school board and losing by about 1/2 percent - likely a good result for the school board and for me too. My work with TTP brings me to the point of observing and accepting and riding trends. Nothing about fixing things. If I get into a fix-it mood, I have plenty of work I can do myself. I feel I lead best by example; I might make a better precedent than a president. |
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| Feb
11, 2019 Wants to Join The Trading Tribe Dear Sir/Madam Hi, I hope u are doing fine. I like ur trading style, How can i join to Trading Tribe pls? All the best wishes, |
Thank
you for asking about joining a Tribe. You can visit the Reach-Out page, above and connect with others in your area. |
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| Feb 9,
2019 Measuring the Conscious Mind Hi Ed I hope you are well Recently I have had lots of interesting pathways opening up between my CM and my unconscious mind with many Tribe meetings and deep discussions. I have found that listening to the speakings of J Krishnamurti on youtube offers some very clever insights to assist in Tribe and other things. A very nice example was that if we feel someone has hurt us or let us down in some manner, this can be reframed by the understanding that this is in fact being caused by own expectations not being met. This leads to more understanding that not hoping or expecting anyone to behave in any specific way is a better path. One humourous "bug" on your webpage was uncovered while I was listening to it with Mozilla voice web page reader, it spoke this extract in this way: Centimetres also connect in their own way. They connect through the Collective Consciousness, that contains language, technology and know how. Dictionaries, libraries and the Internet store the Collective Consciousness. For example, much of the Collective Consciousness about trading now appears on (the) Internet. http://www.seykota.com/tribe/tt_process/index.htm I noticed that PW was read correctly as "pee double you" and not as place of worship or per week. Wondering if you might consider clicking edit find CM and replace all with conscious mind, or instead you might leave it as it is so we all become familiar with a deeper understanding of our centimetre. I trust this amuses you a little and thank you again for your kind assistance with wind turbine calculations. Regards |
Thank
you for sharing your process and for suggesting the centimetre as the
default unit of measure for the conscious mind. |
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| Feb 7,
2019 Wants to Access Chart List Hi Ed: I've been pondering how to answer your question [about how to improve the charts] over the last few days. I've basically been using it to compare it to my scans of stocks that are likely to be high momentum stocks. I especially find your site of interest when many stocks on the list change at the same time. I also mark on my charting package when the stocks appear on the stock list and when they fall off of it. I basically input the stock list into a spreadsheet manually everyday as shown below. If you have a way to make a running list like this as a text or *.csv file that would be helpful.
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Thank
you for helping imporve the site with your suggestion. I now have a Chartbook Upgrade on line with an ASCII list of strong and weak stock names. |
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| Feb 6,
2019 Wants Consistent Results Hi Ed, I’ve been trading for a while now and I am struggling to form a plan that allows me to create consistent results in the markets, I figured learning from those who have made it possible to become successful traders, would be the best way for me to learn something, would it be possible to get some advice from you? Or would you suggest anything I could do to help me become the trader I want to become? Thanks for your time, |
Thank
you for sharing your process. You might consider the possibility that profitability and consistency may have an inverse relationship. You might consider taking your feelings about <risk> to Tribe as an entry point. |
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| Feb 5,
2019 Austin Tribe Hello Ed It is my pleasure, I hope I did it in the right way. I was very amazed after reading Market wizards one and The New market wizards, both mentioning you to find out you live in the same city as I do. I travel for work so i'm not around during most workdays in a month but hopefully I would one day be able to join a Tribe Meeting if you have any currently running in Austin. Best |
Thank
you for reaching out to me. I plan to host another Tribe series in Austin, ten meetings, with two or three weeks space between them. |
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| Feb 4,
2019 Electrifying AHA AHA--thank you, now I think I understand! I hadn’t thought of my grandfather’s farm in many years but that didn’t make the farm a passing aha. However, the reason why the cows never tried to escape by simply walking through the weak looking wires became a passing aha for me moments after I first touched the electric fence! As I write this note I notice the broken Essentials card on my desk. After experiencing “compelled”, the sudden urge to immediately request a replacement has seemed to vanish. I plan on ordering a card when I get a Round Tuit … Thanks again, |
Thank
you for sharing your process. |
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| Feb 4,
2019 London Workshop Dear Ed, Should you decide to hold a Workshop in London, I can offer assistance. I attended a breath work weekend a couple of years ago at a location that should be suitable for holding a workshop, as per your requirements stated in 'Wants Workshop in Goa India' kind regards, |
Thank
you for offering assistance. I see some interest in a TTP Workshop in Europe on the Reach-Out Page. I'd like to learn more about the location you mention. |
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| Feb 4,
2019 Wants a Workshop in India Ed, If you are ok with [April 26], we will start promoting the Workshop with traders and investors within our network and see if we can get the minimum participation needed. We believe this may take 3-4 weeks. If you could announce the Goa Workshop on your website it could help us to promote the Workshop. |
Thank
you for organizing the Workshop. People can find you through the Reach-Out Page. |
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| Feb 3,
2019 Wants 30-Minute Talk Dear Ed - Thanks for your answer. So, yes, I used to be a New Keynesian economist. Besides working in NYC, I taught at NYU and other schools. As of now, I am only a trader. I trade for a living. I work at [Firm] as a trader for their clients and for my own money. And I offer one course at [School]. There, I teach students how to trade future markets and CFDs. Possibly because I loved your site, your Trading Tribe and the interview you gave for the market wizards book, I would like to invite you to talk to my students for 30 minutes on whatever you want regarding trading: stops, the whipsaw song (lots of important stuff there) whatever. I am sure that whatever you pick and choose will be a good idea because you are very bright. And I love to have bright people in my class. Of course, I can also tell students to read your book. This is not a problem. However, I don't teach Macroeconomics in this course. Just a little about Central Bank beahavior and interest rates. The core of this course is trading, risk margin calls, forex, technical indicators. I just finished the syllabus for this term that starts in one week and I am attaching just for you to take a look. Once again I would be very pleased to have you as a guest speaker in my course. Cheers, PS: I am CC ... my partner and my husband. |
Thank
you for extending me this invitation. I don't know how to have a meaningful interchange with a room full of students in 30 minutes - by phone to another country. I might consider a series of 30-minute sessions say, once per week for five weeks, with me working with one or two students in front of the class. They would commit to accomplishing something and receiving support from me and from other classmates. |
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| Feb 3,
2019 Passing Aha I notice, repeatedly, there are no recent entries to FAQ. I wonder if the Trading Tribe and FAQ have become just another passing AHA for Ed. FAQ becomes a passing AHA for me—I value the lessons I've learned here about trading and about myself but I no longer check for new entries, I do not think about checking for new entries nor do I seem to remember I ever even read FAQ. I outline a new trading system. To ensure the new system components correspond with key trading principles, I grab the Essentials card from my wallet and notice the card has cracked in half. I feel compelled to procure a replacement card even though I can recite the six principles on the card by heart. For some unknown reason, the card means something more to me than a simple memory aid. I ponder this feeling of “compelled” but I cannot make sense of it. I do my best to experience the feeling of “compelled”. I find the instructions for obtaining a new card on your website. I notice more than years’ worth of new FAQ! I find myself checking your site for additional new FAQ entries. FAQ is no longer a passing AHA for me. Ed, if FAQ is no longer a passing AHA for me, was it ever a passing AHA? Perhaps I have an underdeveloped understanding of “passing AHA”. Would you consider sharing your idea of a passing AHA with FAQ? Thank you for continuing FAQ. Sincerely, |
Thank
you for sharing your process and for raising the issue of
<passing aha>. You might like to consider the process of discounting in the sense of "taking some new information into account." in German, we have it in one word, mitberücksichtigen. For example, your grocer might discount a loaf of bread after a week on the shelf and offer it at a lower price. Traders might discount a drought and bid the price of grain higher. The aha occurs in the moment of awareness and characterizes the feeling of discount. If someone points out to you that you have your fly open, the information comes as a sudden flash of insight (and perhaps embarrassment) and you discount the information by raising your zipper. Aha ! Once you discount the information, the excitement disappears and the aha passes. The process has similarities to learning something new. Some discounts, like in the zipper story, occur quickly; others, such in grain story grain may take longer, and occur as a series of rolling ahas. Ahas sometimes occur in phases: awareness; denial; anger; fear; bargaining; acceptance; boredom. TTP has some new information about how to organize the process of personal growth. As such, TTP has its own AHA cycle. I expect it, eventually, to pass. In this moment of now, I continue to enjoy experiencing the Aha.
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| Feb 3,
2019 Wants to Join The Trading Tribe Dear Mr. Seykota, I am interested in the Trading Tribe. It sounds like the Tribe can help me to deal with trading and life. Struggling with both now. I am in the Northwest of Germany, Oldenburg, close to Bremen...sometimes Phuket, Thailand. Thank you so much:-) |
Thank
you for sharing your process. You might consider connecting with a Tribe in your area (or starting one) through the TT Reach-Out Page, at Resources, above. |
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