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Ed Seykota's FAQ
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Contributors Say Ed Says
Feb 25, 2023

Wants to Contribute to TSP

Hi, Mr.Ed,

I have already had a call with [your associate] sorry to hear that you can not understand my English very well...

Well, below is summary of conversation withVincent:

1. He and I and share some basic background information of each other.  Then he asks what is the reason I contact you and what help do I need, I tell him that my final goal is to develop my own trend trading system (futures first, and then stocks) and I see TSP as a great opportunity to support the achievement of my goal.

2. I self-teach Python and read books to gain some knowledge of trading, so now I think now I have the capable programming ability to test some trading ideas and conduct rigorous research.

3. I am very interested in 2 topics in TSP page, dynamic risk modification and dymamic portfolio selection, I want to figure out what they mean and how they contribute to a trading system's performance/how they play their role in a trading system, but despite my efforts, I made little progress on these 2 topic.

In order to achieve my goal and go ahead, so I reach out for help to see if Mr.Ed can provide some research direction or some research idea and I would conduct the study and experiment to find out some helpful conclusion which would enhance my trading system, at the same time, we can also finish TSP also.

Thank you again!


Thank you for reaching out about TSP.  

You might consider reading through the studies on the TSP site and then coming up with a topic to investigate.

 You may send me a draft and I can send you feedback and suggest avenues to explore.
Feb 23, 2023

Wants to Join

I have numerous time attempted to join, sign in and get going with this group.

I can not log in nor ever receive any responses to attempting to sign in or join.

Does someone correspond live with these inquiries?

I see someone listed in Spencer Iowa as a group I think.

Can I contact the Tribe leader as I would be more than willing to drive the 3 hours to get there and participate in a meeting.

I have studied the book and want to do more.

Please advise

Thank you
Thank you for showing interest in joining The Trading Tribe.  

To connect with others, visit the Reach-Out Page.

You can send a message to people in you area.

They may or may not reply.

You may also start your own Tribe.

Also, from now and again, I present a Workshop.
Feb 17, 2023

Wants a Mentor

Hello Ed,

I feel encouraged to write you post reading about you in a lot of publications.

I love to know that you did not wish to pass on the responsibility of your victory or defeat to anyone else.

Last few years I have been feeling the same way but whenever it comes to making a decision, I can't push myself, maybe enough.

There is a conservative mindset behind this, or an unknown fear of not causing any harm to my family because of my deeds.

It has been more than 10 years since I have been working with corporates but the satisfaction, I am looking for is probably far away from me.

For some time, I have been trying to read trading related material to understand what is right and wrong for me.

After some introspection, I come to the conclusion that if I still do not take any decision, then maybe I will not be able to bring back the lost time and opportunities and equity trading is an area which excites me.

I have opened a trading account although a bit late at 39.

While reading about you, gives me some glimpse about your personality.

I was hesitant at first whether to write or not but finally decided to write you a message.

I request you to make me one of your mentees.

I am committed to work hard.

We too have two huge exchanges (BSE and NSE) and I believe that there is a lot of potential here.

If this is possible then I will be indebted to you.

I am not writing anything about me here because I feel that intention cannot be stated in words and other things are probably meaningless.

Thank you for asking about an apprenticeship.

I wonder if you can tell me what particular skills you might bring with you - and what intention you might have for the association.

Meanwhile, you might consider taking your feelings about <taking responsibility> to Tribe as an entry point.
Feb 16, 2023

Chartbook Functions Don't Work

Dear Ed

In TT Chartbook Continuous Interactive, EA W ST functions not working. Please help.


Thank you for noticing these functions do not work.

They may start working again when I start working on them.
Feb 14, 2023

Wants to Trade Freight Futures

Dear Ed,

I am nearing the point where I open my freight brokering business and I want to use the proceeds to invest in freight futures using your Trading Tribe system.

How can I get the process started? I saw that you are in Puerto Rico, and if it is necessary, I am willing and able to meet with you there.

Please contact me so that I can get the system set up.

Thank you for asking about trading Freight Futures.

Trend-following systems generally follow several instrument to incorporate diversification and reduce portfolio volatility.

You might consider taking your feelings about <wanting to trade only one instrument> to Tribe as an entry point.

Feb 13, 2023

Wants to Advertise

Greeting of the day.

I have came across your site

Could you please let me know how much it will cost to publish an article on your site and have a link on it towards a Gambling site

Thank you for asking about advertising on FAQ.

I do not accept or publish ads on FAQ.  

From now and again, I may recommend something or another on FAQ, if I like it, and without charging the purveyor, or even informing him about the recommendation.
Feb 11, 2023

One For FAQ


I have one for FAQ if it qualifies...

Ponder this: The odd thing about thinking is that we believe our own thoughts.

We don't always believe what we read or what another person says (speech as a reflection of thought).

But we believe what we ourselves think.

Thank you for sharing your ponderings.

Along these lines, you might consider reading Don't Believe Everything You Think.

Feb 07, 2023

Completes His Back Testing

Hi Ed,

I came across your FAQ by means of a serendipitous encounter with someone who linked it to me and I wanted to share that reading through it helped me get back on track with my trading system development.

Several months before, I basically went off on a tangent (basic fundamentals) and felt it was necessary before resuming.

Your repeated messages about simplicity gave me the confidence to stick with a simple approach and get back to back testing and coding it.

It will be a while before I can really see how the system’s trades perform, of course, but even still I’m just glad that I finished the back testing and got comfortable with the results.

Warm regards,
Thank you for checking in and for sharing your process.  
Feb 05, 2023

Core-Specific Risk Sizing

Hi Ed,

Happy new year.

I read your book TTP and it was very helpful to on handling my emotions and reiterating the rules of trend following trading.

I still have one more question which is ,

"When trend is reversing from bear to bull, lot of buy signals start to pop up and when I have 10000$ to invest, my position size is huge for first 5 or 10 handful (of course based on ATR and my risk %) of signals since all my money is not invested.

My question is, will this system be able to allow me to place 50+ trades as my equity size reduces as I entered into those 5 or 10 big trades " or How can I afford to all signals that my system may produce with limited equity ?


Thank you for raising this issue.

You might consider using Core-Specific Position Sizing.

For example, say you wish to risk 0.5% of your $10,000  equity on your first trade.  

That comes to $50.

After you place the trade, you deduct your open risk from your equity so you now have a "core" equity of $9,950.

For your next trade, you risk 0.5% of your core or $49.75.

In this way, you can take as many positions as you please, without exceeding your equity.

For more on this, see the TSP page  for Core Position Sizing.
Feb 04, 2023

Reveives the Book

Hello Ed,

I have received your book.

Attached my picture with your book.


Thank you for letting me know about the receipt and also for sending me your photo.
Feb 01, 2023

Wants to Know My Strategy

Hello Dear Sir,

I am from Mumbai, India.

I am a full-time trader for the last 17 years.

I want to know more about your trading strategy.

I have read each and every article about you and really got fascinated by you and your trading

I want to kindly ask you that can you provide me with material explaining your trading strategy.

I will be really thankful to you for the same.

Eagerly waiting for your kind reply.

Thanking you.

Thank you for asking for my trading strategy.

You might consider asking your Guru for materials about his strategy to attain enlightenment.

Study those materials carefully as they can also apply to trading.

If the above does not seem to apply to you, you might consider taking your desire for materials to Tribe as an entry point.
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