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Contributors Say Ed Says
Mar 22, 1023

Misses Seeing FAQ

Ed,

Checking on you!

Hope all is well and that you’re picking the days away!

Miss seeing the FAQ.

Cheers


Thank you for checking on me.


The Secret

to warp-speed picking.

Image Credit

Mar 13, 2023

Teach Me

Hello Ed Seykota Sir,

I am from India.

Decent living,taking care of my parents and farming.

These are the things I dream about.

Can you please teach me how to trade the market?

I Will be waiting for your reply sir.
Thank you for asking me to teach.

Perhaps I can support you in learning.

You might consider starting by reading Reminiscences of a Stock Operator.

Then, you might consider sending another contribution to FAQ summarizing how Livingston (the main character) trades.
Mar 11, 2023

Still Active

Hello Ed!

Recently I listened to Michael Covel's interview of you on The Trend Following podcast.

Your thoughts were interesting and relevant to me so I visited The Trading Tribe website.

Is The Trading Tribe still active, as I'd like to learn more about it.

Thank you!
Thank you for asking about The Trading Tribe.

The level of activity depends on how actively you wish to practice the principles.

You can learn more about The Trading Tribe by reading through the FAQ pages; reading The Trading Tribe; joining or starting a Tribe; attending a Workshop.
Mar 10, 2023

Dear Mr Ed Seykota,

I am writing this letter to express my deep admiration for your remarkable achievements in the trading industry. As a passionate novice trader, I have always followed your work and have been fascinated by the tremendous success you have achieved in your career.

Your ability to navigate the complexities of the financial markets with such skill and precision is truly awe-inspiring. I have read about your strategies, bold investment decisions, and remarkable foresight that have earned you a reputation as one of the greatest traders of our time.

It is inspiring to see how you have consistently outperformed the markets, often in the face of immense challenges and uncertainty. Your ability to remain calm and focused in the most difficult of times is a testament to your resilience and mental toughness. I start my trading day with your “Whipsaw Song”, I love it!

Your achievements serve as a beacon of hope for aspiring traders like myself, and your insights have been invaluable in shaping my own investment philosophy. Your dedication to your craft and your willingness to share your knowledge and expertise with others is deeply appreciated.

I would like to thank you for your contributions to the trading community and for your unwavering commitment to excellence. Your achievements are truly remarkable, and I have no doubt that you will continue to inspire and shape the trading industry for many years to come.

I have read on the Wikipedia that as a young man you attended high school near The Hague, Netherlands and also lived in Voorburg.

I was born in Poland but I moved for the job to the Netherlands. For the last 6 years I have been working in the Hague and living in Voorburg.

If you could and wish to let me know where did you live in Voorburg in the past I can visit the place, take a picture of your old house and sent it to you.

😊


Sincerely,

Bedankt dat je contact met me hebt opgenomen.

Ik herinner me dat ik rond 1963-64 in de Lindelaan 27 woonde.
Mar 8, 2023

PTSD

Dear Ed,

This is my first time messaging you yet your works have had a profound impact on my life, and allowed me to develop my passion for markets and research. In some ways, I’m not supposed to be here. I grew up with an extremely abusive father who tormented my mother and myself in all possible ways.

We are safe now, but the impacts of such a childhood remains, and I’m unable to move past it. I have had the privilege of trading at a few large hedge funds, but never successfully. The same paranoid fears for survival that I had as a child re-emerge profoundly whenever I’m in a drawdown, especially at a place with a tight loss limit (and losing my job means leaving the country in 3 days due to a visa). Especially around male authority figures.

I am now focused on researching and trading my own personal account, and launching a data product while I reflect on becoming better… I was recently diagnosed with chronic PTSD. It clearly affects all aspects of my life, including trading.

But trading has been my passion and outlet for expression for more than a decade since I first read your Market Wizards interview. Speaking candidly, if you have any advice on processing and moving forward from trauma, I would be tremendously grateful, once again.

Thanks,


Thank you for reaching out to me, for sharing your process and for identifying how your feelings impact your trading.

I agree that you cannot move past the non-existing past.

You can, however, locate, within your body, the residual  rock (survival algorithm that guides your response to a specific stress) .  

You can then forgive that rock to the rock donor and then replace it with a different rock, typically the Heart Rock,

You can read more about this in my pamphlet, TTP Extensions that lays out the dynamics of the Zero-Point Process and The Rocks Process.

You might consider taking your issue to a Tribe that has a PM (Process Manager) with experience in conducting the Rocks Process.

The difference between reading about The Rocks Process and doing it parallels the difference between reading about riding a bicycle and actually riding a bicycle.
Mar 5, 2023

Workshop / Tribe in Spain

Hi,

I would like to know if you are going to organize any workshops in the near future?

Also, is there ins Trading Tribe in Spain that I can join?

Thanks and Best regards,


Thank you for asking about a Tribe in Spain and Workshop.

You can reach out to others on the TT Reach-Out page.

I plan to announce another Workshop later this year.
Mar 2, 2023

Chart Prediction

Hi,

I’m not sure if you’re reading this messages or not, but I just wanted to share a couple of things I am learning.

I am re-doing Vans peak performance course, since the first round I did didn’t seem to sync in.

He has this one exercise on chart prediction that I just completed and it kept reminding me of two of your comments in market wizards. 1. “easily identifiable patterns rarely repeat”. 2. “ the old-timers, who talk about maybe there is a chance of so and so, are often right and early”.

I got 30% of predictions correct when my conference ranking was at 89.7%, and I got 60% of them correct one my confidence ranking is 58.8%.

I’m still working on my trading game plan (mostly my psychology and back testing some trading systems now), and I don’t plan to give up on it.
Thank you for telling me about your chart prediction exercise.

In TTP we do not attempt to predict anything - or base trading on ideas about the non-existing and non-accessesible future.

To the extent we can predict something very predictable (like the sunrise; sunset; etc.) so can other people, so we cannot find a market with a profitable discount.


How to Practice
Your Skill at Making Predictions

1. Thoroughly shuffle the blue cards.

2. Insert a red card with a 2-diamonds on the face.

3. Predict the card on the top of the deck.

4. Deal the card face up and note if your prediction works.

5. When you come to the red card, predict 2-diamonds.

6. Keep doing this, over and over.

7.  Notice that no matter how much you practice, you never get any better at it.

8.  Transfer your skills from this card game to the markets.

Notes: This pretty much sizes up how lots of people trade - except in real trading you don't get a red card

Image Credit

Mar 1, 2023

Wants to Assist

Dear Ed,
 
I hope this email finds you well. I also hope that the world will see many more FAQ section entries on your homepage at some point.
 
I recently noticed something: Ed, I am ready to take the next step on the endless ladder.

Thus, I want to ask you whether it would be possible for me to come and visit you at your house, live there, help out with whatever you might need me for and spend the rest of the time backtesting systems, writing code that automates the systems execution, think about trends and markets, meditate to not think about markets, go for runs and listen to the benjo.
 
Whatever your response is - I am happy to hear it and wish you all the best,
Thank you for offering to assist me.

I wonder if you can tell me what skills you possess and what kinds of things you like to do.
Mar 1, 2021

Gems

Dear Chief Ed,

Trust you & your family are well -

Just going through my notes on reading FAQ - and found these gems ..

Want to share with your permission .. ideally on current month FAQ ( missing your Wisdom )

Please advise -

Much Love & affection to you all ..

Yogesh


Most quotes from

https://www.seykota.com/tt/FAQ_Index/


Men go abroad to wonder at the heights of mountains, at the huge waves of the sea, at the long courses of the rivers, at the vast compass of the ocean, at the circular motions of the stars, and they pass by themselves without wondering. 
~St. Augustine
 

When you re-read a classic you do not see in the book more than you did before.  You see more in you than there was before. 
~Clifton Fadiman

 
I may not have gone where I intended to go, but I think I have ended up where I intended to be.
~Douglas Adams
 

Your work is to discover your world and then with all your heart give yourself to it.
 ~Buddha
 

Let your heart guide you.  It whispers, so listen carefully. 
~Littlefoot's mother, Land Before Time
 

If a man happens to find himself, he has a mansion which he can inhabit with dignity all the days of his life. 
~James A. Michener

 
One's own self is well hidden from one's own self; of all mines of treasure, one's own is the last to be dug up. 
~Friedrich Wilhelm Nietzsche
 

No question is so difficult to answer as that to which the answer is obvious. 
~George Bernard Shaw
 

God, why do I storm heaven for answers that are already in my heart?  Every grace I need has already been given me.  Oh, lead me to the Beyond within. 
~Macrina Wieherkehr

 
Camouflage is a game we all like to play, but our secrets are as surely revealed by what we want to seem to be as by what we want to conceal.
~Russell Lynes
 

Few people know so clearly what they want.  Most people can't even think what to hope for when they throw a penny in a fountain.
 ~Barbara Kingsolver, Animal Dreams

 
Man is least himself when he talks in his own person.  Give him a mask, and he will tell you the truth. 
~Oscar Wilde

 
There are joys which long to be ours.  God sends ten thousands truths, which come about us like birds seeking inlet; but we are shut up to them, and so they bring us nothing, but sit and sing awhile upon the roof, and then fly away. 
~Henry Ward Beecher
 

Real birthdays are not annual affairs.  Real birthdays are the days when we have a new birth.
~Ralph Parlette

 

Pain reaches the heart with electrical speed, but truth moves to the heart as slowly as a glacier.
~Barbara Kingsolver, Animal Dreams

 
Man's main task in life is to give birth to himself, to become what he potentially is.  The most important product of his effort is his own personality.
~Erich Fromm

 
The simplest questions are the most profound.  Where were you born?  Where is your home?  Where are you going?  What are you doing?  Think about these once in a while and watch your answers change. 
~Richard Bach
 

Man can starve from a lack of self-realization as much as... from a lack of bread. 
~Richard Wright, Native Son, 1940
Thank you for sending your gems for (re)-publication to FAQ.
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