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Ed
Seykota's FAQ
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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
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Thank
you for checking on me.
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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.
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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.
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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!
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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.
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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,
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Bedankt
dat je contact met me hebt opgenomen.
Ik herinner me dat ik rond 1963-64 in de Lindelaan 27 woonde.
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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,
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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.
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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,
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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.
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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.
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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.
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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
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Image
Credit |
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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,
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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.
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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
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Thank
you for sending your gems for (re)-publication to FAQ.
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