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Contributors Say Ed Says
Sep 25, 2020

Answers His Own Question

Ed:

Hope this email finds you well and healthy.

I was curious if you are still doing private consultations?

I am a young successful business owner and father of 2. I recently started doing some day trading and have found myself all over the place.

After adding up the losses from here and there over the years the sum is fairly large and quite disappointing.

Having generated substantial income from my primary business the effects are mitigated however I am beginning to wonder if it makes sense for someone who is already successful to devote time and resources into trading that appears to lead to losses both from trading and also via reducing productivity at the core business.

I suppose in a way I have just answered my own question; just thought I would reach out to you for feedback.

Thanks
Thank you for sharing your process.
Sep 20, 2020

Still Figuring it Out

Dear Ed,

The following chronicles my recent experiences.

-          Revisited bucket model of flow and system dynamics on TT website to enforce myself not to look at component of system and look at the system as a whole.  To work on myself to move away from the causality model to Intention=Result orientation.

-          I am noticing that increasingly the first item I focus on during any conversation is gauge feelings of the person who is talking with me. This is spilling beyond my personal life. For example, I was having a conversation with a person at work on a topic that is a repeated theme. In the past, it would have irritated me to listen to the same thing. But this time, curiously enough, I encouraged the person to tell me more. Since I was so focused on feelings on display, I lost track of content. Once the conversation was over, I was happy that we went through an unpleasant topic.

-          I am still struggling to get a grip on the nature of feelings. Using business metaphor: Are feelings something “organically” occur in the conscious mind or it is something you “acquire” as part of the process of “thinking”. Ed, any perspective on this would be helpful.

-          I think I have developed a complete immunity from getting my emotions involved about politics. That is something new for me. It is good timing considering the great political drama that is going to unfold in the next few weeks leading up to the election. Pretty much anything that is coming from either right or left I am able to grasp it as it is. When I think about how immune I have become to this, it makes me happy. This ability to see through it will save a lot of time. I wish I have similar clarity about other areas of my life that are more near and dear to me.

-          I am experiencing considerable improvement in my listening skills in my own marriage. As a result I see considerable reduction in blow ups. I often wonder how long this one-way flow of living life TTP can go on. Since results are encouraging, in theory it can go on forever.

-          Periodically, I go back to let me clarify my goals. That is hard. Then I find comfort in the fact that since I am making progress, I kick the can down the road on having razor sharp clarity of goals. It sounds backwards, but it is what it is.

Thank you for all the help.
Thank you for sharing your process.

I gather you consider feelings as some kind of process that originates in your mind.

You might consider some feelings originate and circulate in other parts of your body: hunger; thirst; lust; fear; etc.
Sep 19, 2020

Wants to Collaborate

Dear Mr. Seykota,

I am writing to express my interest in collaboration with your company in the area of application of Machine Learning algorithms for financial modelling.

I have spent the last 14 years researching algorithms for predicting price action. My research allowed me to develop and live test (for five years) the prototype of a very robust M.L. algorithm.

I hope you will find the results of my research and experience interesting. There is a Project Presentation and Resume attached to this message. 

If you have any questions, please give me a call at: 9phone number) or email me at (email). 

I am looking forward to hearing from you.

Kind regards,

Thank you for reaching out to me.

I'd like to know more about what you mean by "collaboration."
Sep 17, 2020

Stint at Commodities Corporation

Mr. Seykota,

I wonder if you remember me.  You were my mentor for a relatively brief stint at CC.  What a great time that was!  I am now teaching investments at a small regional university in Utah. I got out of the CTA business when MFGlobal blew up.   Just wanted to reach out and let you know how much I appreciated your mentorship.

Wishing you well,

Thank you for reaching out and reminding me of our process of implementing Tribe meetings at CC - and for acknowledging me and the work.
Sep 10, 2020

Tribe Meetings in Texas

Ed,

It was great talking to you today. I appreciate you taking the time to speak with me. Regarding the Tribe meeting, it looks like private gatherings are limited to 10 people. You must have hand sanitizer and a hand washing station available and do your best to keep attendees 6 ft away from each other. That's about it. I hope you'll consider organizing a Tribe. Speak soon.

https://www.traviscountytx.gov/images/
docs/200314-gathering-order.pdf


Best,

P.S. I love Govopoly! I'll be ordering more for friends.
Thank you for letting me know about the lastest rules for meetings.
Sep 07, 2020

Chart Book Scan Frequency

Hello Ed,

hope all is well.

Was wondering how often do you run the chart book scans and how often do you post them?

Best, and be well.

Thank you for reaising this issue.

The scans run and post themselves, daily.
Sep 06, 2020

Figuring it Out

Ed:


-          I am having this growing realization that TTP is an experience related technique based on empirical data points and trying to put rules of “hard Science” is not going to work. I need to keep working and see what I get.  I am paraphrasing something I read in holotropic breathwork : “If roots of problem are emotional, it just simply cannot be analyzed or talked about, it can only be reached and resolved by some experiential technique”

-          At times I am lost with what I am trying to do that clearly tells me I need to keep working clarifying my goals.

-          As I am letting my emotions/feelings/Memories flow freely covering a very long time period, I cannot stop thinking about my teenage years and parents I have had and what kind of parent I want to become for my kids.

-          Feels like I have made tremendous progress in bringing non-judgmental participation in my own marriage. It is certainly that way from my side and that is the only piece I am focused on for the moment.

-          Trying to spend a lot of time figuring out if I am simply medicating myself with some old feelings or those feelings are showing up now to tell me something about situations I am trying to respond to now. I think it is 50-50.

-          Feel like I am living life with constant presence for several decades of my life collapsing all into the moment of now.

-          I am realizing that I have lost track of my goals and really need to work hard on clarifying my own mind.

-          I often wonder if feelings are purely a domain of the conscious mind and Fred has something else as a currency to organize its affairs. It is only when Fred pushes its agenda into the conscious mind that other currency gets converted into feelings.

Thank you all for all the support and caring.
Thank you for sharing your process.
Sep 03, 2020

Wants an Active Mentor

Dear Ed,

Thank you for taking the time over the past month in replying to some of my questions over email, your guidance has helped me on my trading journey. To give you some more background on myself, I am 25 years old and I am a self-taught trader and coder.  I have been a full-time trader for the past two years and have increased my starting capital from $140k to over $2.3m in just over 26 months through a series of manual and algorithmic trading methods.

While I’ve done quite well, I know that I can achieve much bigger things with my trading career and path.   My goal is to turn the current capital into a $500m+ portfolio over the next three years.

You are one of my inspirations and part of the reason that I started trading in the first place. I have studied your career and it has driven me to develop new and different ways of trading that have improved my results.

Would you be open to working with me in a mentor capacity for an hour each week on my trading strategies, perhaps split into two 20-30 mins calls or even just one 30 mins call once a week?  My goal on these calls would be to ask you questions about what I am doing with the aim of improving myself and my trades.  I am also seeking to learn anything that you would be open to sharing with me about your own path since you have achieved the goal that I am working towards now.

I know your time is incredibly valuable and I would like to pay you for your time to show you how much it means to me.

Thank you in advance for considering this.

Please let me know what you think and if you would be interested in working with me in this capacity.

All the best,

Thank you for reaching out to me.

I provide mentoring through this site, when I get around to it, for free.

If you wish for me to assist you in focusing on your issues, you might like to retain me for private consulting.  See the terms at Ground Rules, above.

Meanwhile, you might consider simulating your trading system so as to determine portfolio volatility as a function of risk-per-trade.  

You might also consider identifying the maximum drawdown your stomach can handle.
Sep 02, 2020

Relating with Risk

Hi Ed, hope you have been well during this year.

I’ve come to deeply appreciate that Trading has been the best tool for self growth, exposing and illuminating areas that need work in our personal lives. Trading is a master teacher that offers exponential growth I have been thankful for.

As pertaining to trading, I have thought many times about how you mention that traders are risk managers, not profit managers- and that risk has a positive intention of managing uncertainty and loss.

I can see that one that is too conservative and doesn’t take risks in life takes the biggest risk of all- not living a full life that is worthwhile. Theres another extreme of others are recklessly risky and lose it all. Somewhere balanced in between seems to be calculated risk. I wonder about the parallels in trading.

In this journey of self growth in life and trading, I am realizing the utmost importance of one’s relationship to risk and felt inspired to write in and seek mentorship in the form of feedback from you, because to have accomplished what you have done shows you have a great relationship with risk.

Is there any insight you can shed about improving ones relationship to risk and how to grow in becoming more comfortable with the unknown and uncomfortable? This is more of a life question, but the answer will also undoubtedly pertain to trading.

Thank you, I always appreciate your answers and insight and take them to heart.
Thank you for raising this issue.

You might consider identifying your feelings about risk and then accepting them and making friends with them.  They might have quite a lot of valuable insights to share with you.






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