The Trading Tribe

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

Epidemic Lab

Contributors Say Ed Says
April 29, 2023

Trading Tribe Open


I have not written in years.

I have missed the time that we spent together in Tribe meetings and sharing meals.

Is Trading Tribe closed now?

I hope you are well. Thank you for all that you have done.
Thank you for checking in.

Trading Tribe generally opens as much as you want it to open.
April 25, 2023

Puerto Rico

Dear Ed Seykota,

I hope and trust that you are doing well. Do you ever come back to  Puerto Rico?

I have been here a couple of years now.

Take care.

With gratitude,

Thank you for checking in.

I visit Puerto Rico from now and again.

I mostly live in Austin.
Apr 25, 2023

Risk Management

Hi Ed,

I know you have spoken before about the amount that one should use to speculate (ie 10% of liquid net worth and risk only one 1% of that 10%).  I think that is a very sound rule.

However, if you are a portfolio manager at a hedge fund or similar institution, how would you apply those rules?  When managing other people's money is there a comfortable amount or is the emotional involvement taken out of the equation as it is not "your own" money as it were?

Or would you count the amount you are allocated by the company (say 100m) as your "liquid net worth" and risk only 10%(10m) of that at a time with a 1%(100k) of that 10%(10m) bet size.

Very interested to hear your thoughts.

Many thanks

I rarely tell people what they "should" do.

You might consider setting your risk per trade and your total portfolio risk at levels you can handle; somewhere between too boring and too scary.

You can run back tests to estimate the volatility that associates with different values for risk.

Your Mathematically Optimal Risk

may differ from the risk
you can actually handle.

Image Credit

Apr 19, 2023

Thanks and Disappointment


Rest well my friend ... we don't live forever!

You have given us so much and so thankful for all that you have shared.

I remember leaving a blind voicemail on your Incline phone somewhere back in 1990 or something and you actually called me back.

I am forever in debt for the wisdom you have shared with all of us over all these years ... im very disappointed i never joined a tribe or attended a workshop but even then you have given me so much.


Thank you for checking in and for sharing your process.
Apr 18, 2023

Wants to Attend Tribe Meeting / Workshop

Hi Ed:

I hope you are doing well. Are you planning to conduct Workshops and/or Tribe meetings in Austin in 2023?

Thank you for asking about Tribe meetings and Workshops in 2023.

I plan to conduct both.
Apr 8. 2023

A Few Questions

Hi Ed,

It's funny that my email to you bounced and yet now I receive an email from you.

I have a few questions such as:

1) how successful is the TTP process at making permanent change?

2) is there a Tribe meeting near me, Vancouver BC.

3) is the underfred network the collective unconscious?

4) is there a book on how to create a robust system or can you suggest one?

5) I think I know too much about trading and investing and overcomplicate things. I also have bad habits as a result. How do I develop new habits and forget what I know?

Thank you for asking a lot of questions.

You might consider taking you feelings about <asking questions without revealing your feelings> to Tribe as an entry point.
Apr 5, 2023

Likes Lakhs

I don't have a house, I don't have a good job due to lack of education, I need a lot of 20 lakhs, plz help me, you will be greatly obliged.

Don't know what you thought about the mail but it is really very much needed God keep you very happy.

Thank you for telling me you need a lot of 20 lakhs, about $200,000.00.

You appear to have enough education to navigate the internet.

You might consider taking your feelings about <ways to get 20 lakhs> to Tribe as an entry point.
To Top of Page