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Ed
Seykota's FAQ
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| FAQ Mar 01-31 2021 <== back | down | forward ==> |
| Contributors Say | Ed Says | |||
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Mar 28, 2021 Wants a Mentor Hello sir Seykota Am a big fan of you . You are simply a great man / trend trader and I want to learn from you the process of when a trend starts where do I even start to find these trends Am reading as much I can on the subject and want to get from the indefinite now to the trending now . I am a very low key kind of person and want to trade as you do.. Can you teach me how to trade . I am reading books on it but just need some guidance. And mentorship from the best . Hope I hear from you soon.. Best regards |
Thank you for raising this issue. For starters, you might consider getting some historical price charts and then come up with some ways to spot the trends. You can enter imaginary trades and keep track of the results you get from different ways of spotting trends. |
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Mar 24, 2021
K-nots and Breathing Hi Ed, I wonder if there might be a link between breathing freely and k-nots. I notice my breath tends to stop when I encounter a feeling I am unwilling to experience. I wonder how Holotropic Breathwork works. |
Thank you for raising this issue I occasionally host a Breathwork Weekend, for TTP advance-class practitioners. You can find lots of information about Holotropic Breathwork on the Web. |
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Mar 16, 2021 Fake Site Hello Mr Seykota, Last week, on LinkedIn, i connect with someone that seems to be you ( https://www.linkedin.com/in/ed-seykota-6212931ab ). i chose my World carefully because, I then look up on your website and i find few comments about Fake profil that prétends to be you. IS that the case about this LinkedIn profil? Is also the email adress eseykota@aol.com not you? Thank you |
Thank you for letting me know about this impostor. I do not have any connection with the website or the email address. You can reach me to verify possible impostors via this FAQ. |
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Mar 15, 2021 Early Programmable Automaton Link Best Regards, |
Thank you for sending me the link. |
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Mar 14, 2021 Model Statistics Dear Ed, I am a computing engineer with a passion for financial markets and for the last 10 years I have dedicated myself to studying them and developing quantitative trading models. I have developed a swing trading model with a very promising results. I have used 11 years of In Sample Data from 01.01.2007 until 31.12.2017 data and 2 years and 8 months of Out Of Sample data from 01.01.2018 until 31.08.2020. I was wondering if you could please take a look at the attached presentation with the model statistics, Monte Carlo simulations and walk forward simulations and evaluate if it could be of your interest. Kind regards, |
Thank you for sending me your statistics. I wonder if you have any statistics showing the performance of your system in actual practice, including your ability to stick to it. |
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| Mar 13, 2021 Wants the Essentials Hi, Ed: thank you for giving time and energy to interacting on your site. The philosophies you share through the content/FAQ make good sense. The inside-ourselves part of TT system is intuitive to me and I have always been oriented that way, but I am struggling with the technical side (mathematics? tech? not sure how to phrase this...the mechanical foundation). I know these are inextricably linked but... Things like "backtesting," coding, softwares, etc. come up over and again when someone asks the real, brick-laying questions about developing their own mechanical system. Something like this: "you might consider back-testing many combinations of parameter values over various portfolios of many instruments and look for profitable combinations that show relative insensitivity to nominal variations." I do not know how to do that!! At all!! I am having trouble even fully grasping exponential averages. Working on the milk exercise right now, getting the hang of pour rates... :) 1) When rubber meets the road, is the above level of knowledge/skill requisite to building my own truly mechanical system? 2) What subjects are fundamental? (e.g. coding, math area xyz...) 3) Is there a source you recommend for #2? Very willing to put in the time to build a solid foundation. |
Thank you for raising this issue. I do not recall hearing that Livermore or Morgan or Rockefeller or Buffet or Neiderhoffer or Musk rely on mechanical systems or intense backtesting. You might consider following your own path. Who knows ... you might come up with a trading method that does not rely so heavily on math-turbation. Meanwhile, you might also consider ordering the Essentials Card, via The Trading Tribe Store at Resources, above. |
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Mar 13, 2021 Thanks Ed: I feel a sense of pride that I am a student of ideas you have been exploring and expressing here. I feel a deep sense of gratitude towards the work you do here and the broader community that has created a support system. When I have finished reading Govopoly book few months ago, I have had absolutely no idea that how useful that perspective would be for me keep sanity in my life sane in Winter of 2021. Thank you for everything! |
Thank you for acknowlegding me and Govopoly and the work. |
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Mar 13, 2021 The Best You Can Hope For Hi, I have been doing some internet surfing and checked out The Trading Tribe. I would like to suggest a related song to the Whipsaw song. If anyone masters what these lyrics state, they will be successful traders. Of course mastering these is the tricky hard part. So here the important lyrics from The Gambler by Kenney Rogers. He said, "If You're gonna play the game, boy You gotta learn to play it right" You got to know When to hold 'em Know when to fold 'em Know when to walk away Know when to run You never count your money When you're sittin' at the table There'll be time enough for countin' When the dealin's done Every gambler knows The secret to survivin' Is knowin' what to throw away And knowin' what to keep 'Cause every hand's a winner And every hand's a loser And the best that you can hope for Is to die in your sleep" I'm still trying to master these, but I like to think I am getting close. Best Regards, |
Thank you for sending me the lyrics. I wonder how you know this system leads to successful trading. As I read it, the best you can hope for doesn't seem like a very impressive back test. |
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Mar 12, 2021 Wants to Learn Trading Dear Mr Seykota, I have never traded before and am a big follower of your process. I want to learn trading from you .. you're the best I see at it. Would be great to pass on your knowledge to the next generation. I won't give up untill I hear from you. I am a very strong believer in value investing and buy and hold for the long term. But I need the best to help me manage and grow my money and learn to trade. Am from the uk and am very patient . Please consider me for help and advice . > Looking forward to hearing from you.. Best regards |
Thank you for raising this issue. You might consider taking your feelings about [holding on to things] to Tribe as an entry point. |
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Mar 12, 2021 Wants to Share Gifts Hi Ed, I hope you are doing great. From a starting point of view, but beyond the causal model. To be honest, my real trading motivation is to use the gifts life has given me, and for whatever reason trading calls me. Recently (and pretty much ever), I am lacking others' understanding; I feel trapped in a standstill without options, while I feel confident about my potential. While I usually I feel inner confidence, I feel outerly shunned. And that inner confidence is lately being challenged by that lack of outer support. For example, you say that systems don't need to be changed. While many others, using complex jargon, claim that they profit from the mistakes (i.e., overfitting) of those who believe the market is statically stationary - when it is non stationary. Are they trying to prove something? Their own intelligence? How do I reconcile these doubts about the market (concrete inner lack of confidence) with the dissonance between general inner confidence and outerly being shunned? Inner/outer are of course perceptions. What am I trying to prove? I am not worthy of love and recognition? I feel trapped and without choices. Any suggestion? I have very clear what I want: that my gifts are used by God and others (not wasted). Thank you, |
Thank you for raising this issue. You might consider taking your feelings about [in a trap] and [need to reconcile inner and outer] and [confidence] to Tribe as entry points. |
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Mar 11, 2021 Wants to Learn How to Day Trade Hello, Am interested to learn day trading from Mr Seykota. I love the way he mastered his craft . Is there a way to get direct lessons from him. Best regards |
Thank you for raising the issue of day trading. You might start out by mastering the Elliot Wave.
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Mar 10, 2021 Banjoists Beware Hi Ed, Yet another sign of Govopoly 39th day ... then they came for the banjos... Link best regards, |
Thank you for the heads up. | |||
| Mar 10, 2021 Wants to Attend a Workshop Ed, Thank you so much for your generosity sharing so much of your trading system online. I have been following you since a year ago. I have been trying to figure out your entry and exit rules for the charts you share online and after studying your crossover MA and SR systems, I can’t still figure out them... Can you please explain the exit & entry rules/strategy for your chart groups, “ long only “ and “ buy the dip” ? When are you planning resuming your presential courses ? I’m from Europe. Thanks a lot, Ed. Yours, |
Thank you for raising these issues. I post the charts on line as examples of trend trading. I do not publish specific parameters or make any claim about the profitability of the methods. See ground rules, above. I plan to offer another Workshop when local ordinances permit. |
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| Mar 7, 2021 Feverish Brain Storm Hello Mr Ed Am based in the uk.. Fine artist .. working odd jobs to pay the bills. Feverishly interested in trading and investing. Been brain storming a bit about it for a while now. But haven't tried Tired or working for anyone ..Want time to master my Art .. trading and investing I admire your humble way of doing things. Your are a very private man.. I see myself same way .. I wonder if you can invest some of my money on your trades to help me build up some funds to invest in stocks. .. Looking forward to hearing from you |
Thank you for sharing your process. You might consider taking your feelings about <communicating in incomplete sentences> to Tribe as an entry point. |
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| Mar 7, 2021 Bypass Dear Ed, I hope this email finds you and your's safe and well in these unprecedented times. I hope you don't mind me reaching out to you directly but I am extremely interested in connecting as I am in the early stages of my trading journey. I have read extensively on the subject and all my reading & energy keeps directing me back to yourself because of your focus on risk management. I am humbled by what you have achieved and understand you are very down to earth with a straight-talking approach to the subject. I have a genuine desire to connect, build a relationship and learn from you if you would afford me the opportunity. This note comes from a place of complete sincerity and I understand that a peak performance trader/investor is committed to being the best and doing whatever it takes to be the best. He feels responsible for whatever happens and thus can learn from mistakes and more importantly save decades from learning from others. I am very keen to understand your approach to trading in greater detail. I always want to focus on risk instead of emotion. I understand your approach is to always to act on what the market is doing, not what the market should be doing. I understand that risk management looks straightforward, but in reality, it’s hard to stay disciplined. To increase our chances of choosing the most profitable outcome, we must bypass our emotions by overriding several innate biases and I would love to better understand how I can learn from your approach and experience. My intention will be to focus more time on analysis and on those trades with the greatest risk/reward profile only and only trade in those scenarios. In so many ways, my passion is the information and analysis. I believe the profits come in response to this. If you would be open to an initial conversation that would wonderful. I look forward to hearing from you. Warmest regards |
Thank you for reaching out to me. In TTP we hold our feelings as positive assets; we learn to accept them, experience them, extract wisdom from them and enjoy them. We do not promote attempts to ignore our feelings (by focusing on risk instead) or to engineer a "bypass." |
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| Mar 7, 2021 Tribe Meeting Report Dear Sir, Please find the Mumbai Tribe Meeting Report of the Mumbai Tribe Meeting of 25 February 2021 below: We have a Tribe Meeting after over a year. We start with reading the Testimonial by a FAQ Contributor on Wednesday 21 September, 2005. I feel it reminds us of the importance and the magic of TTP in our lives. We then begin with drumming and proceed to check in. Check Ins: TM2(I): I begin with frustration at moving forward. I feel betrayed by an IT Partner with whom we have been developing a website and feel let down by him. I find my communication with my Father improving. I feel dejected by romantic rejection. I was concerned about a surgery during lockdown but now it has settled. I am happy at losing weight and being able to follow a good diet for the duration of the lockdown. I also feel grateful for a home and surviving the lockdown without it affecting my finances. I also feel I am not contributing to my family financially. I want to take to the hotseat my dejected feeling and no progress on the romantic front. As I share all this with the Tribe, I feel my jaw stiffen and a pressure on my forehead. TM3: He shares his worries about some medical expenses which he pays by Credit Card. He also feels he is bad at maintaining accounts. He feels he is not aggressive when it comes to him selling the courses. He also feels he is not contributing trading strategies at his firm. He is worried about his kids. He feels his son is not putting in efforts to secure an admission at a good Engineering College. He also feels his Daughter does not pay enough attention to online classes and switches between YouTube and the online lectures. He mentions that the friction between his wife and mother also comes to a head during the lockdown. He informs the Tribe he is excited about his new venture with other partners also being vipassana meditators. He mentions that the year 2020-21 has been good for his personal trading / Investing. TM4 (Tribe Leader): He mentions his happiness as he approaches one year of his marriage. He feels that his Father is not working at all but wants a comfortable and easy life. He feels his Mother puts herself in precarious situations by accepting voluntary pay cuts. He is happy to have a good relationship with his Mother In Law. He shares happiness at being able to quickly move his company data to the cloud. He shares he is enjoying Working From Home as he now has a proper study in his new home and WFH allowed him to go for 2 months to his Mother In Law’s and back to his own home town for 2 months, something he did after 10 years. He agrees with Intentions = Results, where he remembers incidents during the furnishing of his new home, he does not pay adequate attention to the contractors work and then regrets the way the work is done. His wife has started developing her own new project, an Application for journaling and recording how one feels, he shares he was excited by the prospect of being a partner in that project and immediately tried to assert control especially while having the knowledge from TTP, he also wants his wife to succeed here, his wife became uncomfortable and shared with him the feeling, TM4 shares that he realized how he tried to exert his control on someone else’s project and decided to take a step back and acknowledges that it’s a learning process to let people deal with their own responsibilities and actions. Hotseat 1 I (TM2) take the Hotseat with TM4 as the Process Manager. I start with telling how I ask a friend of mine to set me up with a friend of hers. This is the first time I have done something like this. I feel dejected at being rejected. A few months later, I message another girl who I feel leaves things open ended. She mentions she wants to know me better before we go out. I feel confused by it and also feel maybe she isn’t interested. I message her again to which I get no response. I feel confusion and frustration at this. I message her a few weeks later mentioning I feel confused by the “getting to know someone” bit and also mention that messaging and small talk put together feel like Kryptonite for me. PM asks me to feel “kryptonite” and I feel this pressure over my head and over my face. I sit with the sensation. I feel a tightness in my throat. The Tribe cheers me on and encourages me to feel all my feelings. I share/shriek “Is it too much to ask for a stable relationship?” The Tribe encourages me to keep shrieking and expressing my feelings. The Tribe cheers me on and encourages me to keep feeling. I notice a tightness from my spine as I feel energy flow from the top of my head down to my spine, into my thighs, hips, ankles. I jerk into the seat a few times. I feel restricted. PM encourages me to show where I feel restricted. I tighten my biceps. The Tribe cheers me on. I feel a tightness in my ankles. PM encourages me to feel the tightness. As I progress, I share that I don’t play dirty like some other friends I have and don’t do some antics they do. I sit with all these feelings. I feel determined to feel all these feelings. I also feel conflicted. I feel I have done enough for today. I remember the contributor in the 2005 September send mention taking 15 hotseats at a stretch. I feel conflicted to end the hotseat and also determined to feel these feelings. I develop many forms in the process, including slamming the chair arm rest. I feel worried about breaking the chair armrest. I mention that I do not own the chair and that it is paid for by my father. I feel worried in the arms and a spark in my chest. I feel like I am not contributing anything to my home and I do not own the chair. I also feel worried about breaking the chair. The PM encourages me to feel the worry about breaking the chair. I slam the chair more intensely and I feel a tension in my ankles. I feel my ankles chained up and restricted. I have another Aha! I always want to “finish” things as quickly as possible and things “just have to be done” immediately. I remember my Father having this attitude. I realise that I too act impatient and want an instant response or decision. I share that I often rush through movies, video games or books just to get to the end without enjoying them. The Tribe encourages me to feel all these feelings. I worry about the time of the Tribe I am taking. PM and Tribe encourage me to worry about the time. I also feel worry about the building manager switching off the corridor lights. PM and Tribe encourage me to feel all these worries. I keep feeling the sensation in my head. I tighten and relax my fingers. I feel done with the sensation. I stop with that form. PM encourages me to continue with the form. I try doing it a few times but I feel no need for it. PM checks for willingness. I mention that I am willing to continue the process but no longer feel that particular form. I feel conflicted with the PM. I remember reading that the PM encourages the HS wherever he wishes to go. PM encourages me to feel the conflict. I go thru a few other forms focussing on the tension on the top of my head and over my face. After feeling a few more forms, I realise that I am manipulative in my relationships with women, trying to incite jealousy or trying to appear better than I am. I also notice that earlier, I never mention my attraction to women or and not ask them anything directly. I feel like exhibit traits from Susan Forwards book Men Who Hate Women and The Women Who Love Them. I share instances of me acting manipulative. I feel shame around my chest as I have the Aha! The tribe encourages me to feel the shame in the body. I continue to feel the pain and pressure on the top of my head. My head feels big and small at the same time. I feel disoriented and feel the Tribe members to be far far away. The left side of my head feels very small and the right side of my face feels very big. I feel a tension on the right side of my skull and pressure over my left eye. The Tribe cheers me on. I keep feeling many more feelings and forms including eye squints,foot tapping etc. I feel exhausted. The PM checks for willingness. I feel exhausted and unwilling to continue and elect to end the process. Process And Meeting Checkout TM3: He mentions he enjoys the process of cheering me on. He commends the PM for being aware of catching forms and thoughts and guiding them into feelings. PM (TM4): He mentions he enjoys managing the process. He thanks me for being able to share the things I do. He feels like I do not completely slip into the process and have several judges and feelings and that my CM is aware and steps into preventing me from feeling many feelings. HS (TM2): I enjoy the process. I feel all the shame and notice my manipulation and sense of hurry and frustration when things do not happen immediately. I also concur with the PM that my CM is not letting Fred out completely and is standing as a Gatekeeper. I share that sometimes the process feels like lighting a match in a windy area where the wind blows the match out the instant it is lit. We end the process and the meeting with this. Regards, |
Thank you for sharing your process and for documenting your meeting. Your Process Manager and Tribe seem effective in encouraging you to experess your feelings. I do not see any mention of arresting the process at the "freeze point" and proceeding to the Rocks Process. Absent the freeze, you proceed medicinally, on to the "zero point," where you feel relief. You might expect the re-emergence of these forms at subsequent meetings. |
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| Mar 3, 2021 Bar Dreams Ed: Hope this email finds you well and healthy. I ordered your book today and am looking forward to it. I doubt you will remember my previous email, but for whatever reason I felt compelled to write you again. Just wanted to let you know I cant leave it alone. I am dreaming about bars at night and fascinated by the structure of the markets. I am getting better, much better. Do you still trade? Cordially |
Thank you for sharing your process. |
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