|
July
15-20, 2004
|
Questions
(Quotes
from Ed in Red)
|
Answers
|
|
Tue, 20 Jul
2004
Applying to
IV-TT
My Trading
Rationale
Attached is a
copy of my trading rationale. It sounds cheesy, maybe even spacey. It's
the only way I know how to describe it.
*BTW, I read that you don't care for "why" questions. Isn't
requesting a trading rationale about the same as asking "why"
a person trades or "why" an individual chooses trading as a
profession?
-----
Do you enjoy listening to rock? I love rock. I’ve listened to it all my
life. Give me a Zepp tribute concert over a musical any day. I enjoy
listening to other types of music but I can’t seem to get enough of rock
music. I learn as much as I can about the different types of rock genres,
musicians, & their styles. It drives me crazy when I hear a song I
like but I don’t know the name of the artist. I’ll spend many days
searching for the title and the artist. There are times when I can tell
what song came from which era just by listening to the song or which
musician is playing by the sound of his/her voice. Sometimes I get it
wrong. ’ll listen to the Black Crowes and think it’s a classic rock
band.
That is how I feel about trading. That’s my trading rationale. I do it
because I feel alive. I can’t rationalize it. It’s just there. I’m
learning as much as I possibly can but my knowledge is limited. Ask me
what a Bollinger Band is and I think it’s a glorified slinky. If you had
asked me long time ago what an ATR is I would have thought it was a type
of all-terrain vehicle.
I see a 3-mo., 6-mo., or a 1-10 year chart and think it belongs to a
certain company but it does not. It’s just another familiar pattern with
variations. It’s the same with rock artists. Many of them are influenced
by past musicians but they come out with a technique of their own.
I’ll think that a particular industry group is headed in a downward
trend and spend many days/weeks researching and watching this group. The
signal is familiar. When I first heard a song by the Black Crowes the
music style sounded familiar so I researched the group and listened to
their songs. Yes, there’s some heavy Stones influence.
I read very little about trend following but it reminds me of the
teachings of Jesse Livermore. Life is a series of cycles. I suppose
successful music and/or successful trading are the products of trend
following. They are whatever is “popular” at the time.
|
OK.
Your
pre-admission assignments are:
1. Define
Bollinger band and prepare a study showing the theoretical results of
using Bollinger Band as a trading method.
2. Prepare a
1-page score of a song, with lyrics, for a group with the name, The
Bollinger Band.

John
Tells Me
audiences
can sit for hours
and
listen to him describe
his
famous, and simple, equation.
They
cannot, however, stand to listen
to
advice about risk management
or
sticking with a system.
Clip: http://user.tninet.se/~cpz942y/
images/john_bollinger.jpg
|
|
20 Jul 2004
Ponies
At one time in my life, I played the horse tracks professionally,
North and
South. It required enormous concentration and hours and hours of study
of
race track past performances. I also developed my own system on how to
bet
football and basketball games during the season.
I came to the conclusion that only a human mind can react successfully
and continuously to the changing patterns of stock market trading. The
trader has to possess specific psychological characteristics, such as
quick judgment, ability to make detached, non-emotional decisions and
have the endurance of waiting for hours and hours for the right
situation without getting bored ...
My psychology background also allowed me to watch for human mass
psychological motivation that often governs intraday trading. I also
use advanced psychological concentration techniques that help me to stay
focused for long periods of time.
As for indicators, I use odds, probabilities, trace speed, volume and
chart patterns, but not the ones that are in all the text books, but my
own pattern recognition, that I don't bother to define since they are
rather complex and I am not in the teaching business.
|
FAQ
does not endorse traders. See ground rules.
You
might consider using some of your psychological concentration techniques
to define and code some of the patterns you do not "bother to
define since they are rather complex."

Some
Pony Players
do
not bother
to
post an audited track record.
Clip: http://www.actden.com/
grap_den/clipart/race.htm
|
|
Tue, 20 Jul
2004
Getting a
Round Tuit
I will write another [email] soon, same substance, different words etc.
Friday night now, better go party, or else Fred will be upset.
|
People
tend to put things off until they get a round tuit. Here's yours.
Fred
does not get upset. Fred's mission is to get you to experience
your forms, including upset.

When
you get a round tuit
you
might really get in tuit
Clip: http://www.myrtlewoodgallery.com/
get_a_round_tuit.htm |
|
Tue, 20 Jul
2004
More Names
for Tribal Yoga
The Yoke's on You
the English
word 'yoke' derives from the Sanskrit 'yoga'. The allusion here is to
awareness (chariot) and the modifications of mind and emotion (five
horses).
The horses
seem mad, driven by others, in opposite directions, while awareness is
dragged along, trampled, left alone, injured, bruised, despondent that
his horses are lost, and feeling powerless since others are controlling
the horses.
One or two may
be locked in a corral and he doesn't know how to open the gate. Can't
even find some of them. He discovers a neighbor using one horse without
permission to plough his own field. Unaccountably, another is performing
in a rodeo. Awareness longs to go home, but the journey is too far to
walk, when he tries, he gets trampled by horses again. Various methods
to free up one's horses, break them to harness, team up, and directly
yoke them with awareness, so that awareness now has a powerful team able
and willing to take him on the long journey home.
Groupa Yoga
anahatha yoga 'anahatha' means 'unstuck, fresh, clean, unhurt' and
denotes opening to the state of non-judgment, an acceptance of what is.
Notice this word contains the words 'aha' and 'hatha'. So, come to think
of it, we could just call it:
Ahatha Yoga
or
Seykota yoga
Form Process
Meta Form Tantra the intrinsic meaning of 'tantra' is simply 'method'
Inner Yoga
there is the yoga of being, the yoga of doing. TTP is the yoga of
'undoing'.
Muscle Memory Release Yoga
Spontaneous Yoga
Serendip Yoga
Form Resolutions |
Half-a-Yoga
is an extension of the polarity process. In this extension we repatriate
disenfranchised forms (Half-a-Yoga's) and then synthesize them into one
resultant form.
Upon
achieving the balance point, the subject reports deep peacefulness,
resolution of his concerns and disinterest / inability in conjuring the
original forms.
The
associating Fred-ian theory is that when we combine the forms, we also
re-connect historically judgment-isolated parts of our nervous systems.
When
we repatirate sequestered parts of our body to our central network they
can once again operate as a team.
Forms
that can communicate in the now, do not have to send each other messages
through time and drama.

Society
Teaches Us
to
Judge Our Feelings
and
to store them in separate regions
Half-a-Yoga
helps us
repatriate
these regions
and
re-connect these essential nodes
of
our neural networks.
After
a Half-a-Yoga session
the
subject reports deep peacefulness,
resolution
of concerns
and
inability to experience
the
forms separately.
Clip:
http://www.girlgoth.com/
gggalleryillusions-doll.html |
|
Tue, 20 Jul
2004
My Own
Childbirth
Dear Ed,
Can you please elaborate on your response to my 6/10 FAQ? It seems so
shocking and something that could be very important to me.
Ed Says:
"You might check with your family about your own childbirth.
Complications can assume the form of oppressive restraint, even
drowning.
Complications During Formative Struggles may leave a complex of feelings
to
experience later."
It really stuns me because I don't recall mentioning about childbirth in
that email, and definitely never about the fact that my birth was not
natural but through Caesarean operation because my head won't turn the
"right" way. Is that what you mean by
"complication?" Do you mean that the experience of the
"struggle" at my birth (that I have absolutely no conscious
recollection of) may be leading to feelings I have today, such as
rebellion against authority, or to stick to a commitment / order? And to
truly "resolve" that is by going through TTP, even though I
cannot recreate the feelings I have back at my birth?
Thank you so much for your insights. You can tell that I am obviously in
astonishment and would really like to know more about it, such as what
leads you to that conclusion and what are some further implications,
because it seems a very intimate issue for me personally. THANKS!!!
|
Occasionally,
I make a lucky guess.
You
can take your feelings about your own childbirth to your Tribe and
follow them wherever they lead

Childbirth
can
be an early opportunity
to
confront pressure,
create
a breakthrough
and
win freedom.
The
pressure on the cranium
during
its appearance
may
release formative internal chemistry.
Doctors
may prefer Caesarian delivery
for
its speed, cost effectiveness
and
lower risk of litigation.
Natural
childbirth children
may
have higher proclivity
to
stick to things, and win
than
Caesarian children.
Clip: http://www.nlm.nih.gov/
medlineplus/ency/images/ency/
fullsize/17002.jpg |
|
Tue, 20 Jul
2004
Pollinator
Article
Wow. I
appreciate the 6/21 Discovery article, a great
contribution to the pollinator section.
It supports
and moves my own work and experiences forward. Two week ago, I too did
polarity process at our TT. Wow. Since then, I've identified 10 other
polarity issues in my life. And I used the process on new issues in DIM
until I get opportunity to work on them in TT. Even using DIM polarity
brought shifts that encourage me to do with others as come up. |
OK. |
|
Tue, 20 Jul
2004
All Men Are
Created Equal
Dear Sir,
... I am reviewing my own "Declaration of
Commitment" that I wrote for myself. Then suddenly I hear an inner
voice saying the Declaration of Independence, "We hold these truths
to be self-evident, that all men are created equal ..."
It is at this point that I wonder - would Ed Seykota accept that
statement to be self-evident? In fact, I'd think the opposite - life is
inherently unfair or men are not created equal - resonates more. May I
ask for your opinion? Thanks.
|
People
chose to create themselves uniquely and differently. If life were
fair or equal you would look exactly like me.
The
"Equal / Fairness" doctrine is useful in justifying receiving
a fee for forcing the transfer of assets from the rich to the
poor. The "Greed" doctrine provides additional support.

Even
The Bruss Triplets Know
life
is not fair
only
one can be in the middle.
Clip: http://www.twinsworld.com/quads/
images/Bruss-Triplets.jpg |
|
Tue, 20 Jul
2004
Harmony
and Mirrors
Life
is becoming more harmonious for me, I am realizing much of my pains in
the past were self-produced, caused by lack of self-confidence / love /
respect /
worth / esteem … and so forth. I heard about the “mirror business”
(projection) 20 years ago and I am just now starting to comprehend how
much there is to it. For example I am already in most cases able to
welcome challenges, which in the past caused me agitation and pain,
as a learning chance. I do not take it personally when there are
different viewpoints about the same matter. I welcome it, I realize if I
can not stand certain behavior from somebody it has to do with my lack.
It could be that it is a habit I have myself or I wish to have it and I
am unable to do so for one reason or the other. I welcome those
situation as a growing process.
I
am pleased to see how active you are. I saw you give another workshop in
Reno in May. I wish your good students and a merry time with them. I
enjoy to visit your homepage sometimes.
I
think of you in my prayers and wish you wellbeing.
Warm
greetings
|
OK.

What
You See
is
what you see
Clip: http://www.whimsyload.com/
artoday.images/mirror.jpg
|
|
Tue, 20 Jul 2004
Trading Tribe
and Mentoring
Mr. Seykota,
My name is
[Name], which I'm sure you have already noticed. I live in [City], and I'm
24 years old. If this is beginning to sound like a personal ad I
apologize.
I first came
across your name in the "Market Wizards" like most of the people
who contact you I'm sure. I became interested in trading by a stroke of
luck, and have developed a deep passion for it.
I have been
reading everything I can find about trading for about 1 and 1/2 years now
and watching the stock market. I am writing you because I was reading
"Trend Following" by Michael Covel, and came across your quote,
"Until you master the basic literature and spend some time with
successful traders, you might consider confining your trading to the
supermarket".
I would like to
spend time with you and learn from you. I want you to be my Jademaster. If
this is not possible I understand, and would still love to talk to you
(either in person or on the phone) even if you have no interest in
accepting new students. If you are not interested but know of someone who
is also a great trader and is accepting students I appreciate you giving
them my contact information, or giving me the information to contact them.
I am also interested in having a tribe here in [City] and would like any
information about people who may have contacted you about starting one
here. If you are interested in speaking with me my phone number is
[digits] and my mailing address is ... If you are not able to call I
appreciate your email reply.
Thank you
very much for your time. |
To
join a tribe, or to start one, see the Directory, above. For private
consulting see the FAQ home page, at the bottom.
I
don't think time exists, so I am reluctant to accept acknowledgment for
giving you some of mine.
I
assume your phrase is your way of acknowledging me for publishing
FAQ, or of proffering gratitude in anticipation of furthering your chances
of a response.
You
might have a look at your feelings about identifying your real feelings
and communicating them.

No
Matter When You Look
at
a Clock
It's
Still Now
Clip: http://www.perseus.tufts.edu/
GreekScience/Students/Jesse/CLOCK1A.html |
|
Mon, 19 Jul 2004
Donchian
Hi Ed,
I have been reading the complete FAQ. I have come to the conclusion that I
want to write a trading system. My intention is to use Donchian's 5/20
trading system as basis and start working from that.
Now I need to find the rules. I have Googled but have not been able to
find the exact rules. The only thing that came up is that it is basically
a moving average cross-over system. Buy when short term ma crosses the
long term ma to the upside and sell when the short ma crosses the long ma
to the downside. However some sources mention also an elaborate set of
filters. I have not been able to find more info on these filters, even
with the sources that mention these.
Since you studied Donchian's teachings according to Market Wizards I
wondered if you could tell me if Donchian in fact used these filters in
his 5/20 system and if so what these filters are.
Or are the filters in effect the Technical Guides as stated on the
Donchian page of your site?
By the way: great site! I have already learned a lot and really appreciate
your sense of humour and wisdom. Since the Dutch Tribe does not seem to
get beyond start-up, I have started a tribe with my wife and have been
trying to apply the principles in my daily life.
Kind regards, |
In
the early 1980's I collaborate with Donchian and code his 5-20 day moving
average system. I conclude it seems to make money for the client and also
trades often enough to make a good living for the broker.
I
then attempt to code his trading guides. I find (1) insufficient
guides to define a full system and (2) internal conflicts between some of
the guides, so there is really no system to test.
Donchian
calls them guides, not rules and seems content to trade with
ambiguity. An ambiguous set of guides can justify whatever you feel
like doing.
See
the Resources Link above, for more on Donchian.

The
Ultimate Guide
to
Reducing Debt
and
Achieving Financial Freedom
It
has only one chapter, entitled,
"Stop
Buying So Much Crap,"
and
the chapter only contains five words.
Clip:
http://www.toothpastefordinner.com/
071303/the-ultimate-guide.gif |
|
Sun, 18 Jul 2004
Who's Whose
Hi Ed,
On this page:
http://www.seykota.com/tribe/
Resources/books/index.htm
When you click the "how to join link", I get a 404 error.
|
Hmmm,
I cannot tell if you get the error when I click the link.

A
Klein Bottle may appear
to
have an inside and an outside
actually,
it has only one surface,
and
no boundaries.
Clip: http://www.kleinbottle.com/
question_mark_klein_bottle.htm |
|
Sun, 18 Jul 2004
Family Tribe
Ed Says: Family - the Essential Tribe
I have a mixed experience with my family tribe meetings. I have
been doing weekly meetings with a member over the past 6 months, and we're
not doing it well. It's been with someone who is highly analytical, and
seemingly emotional distant, who is quite happy to judge, control and
invalidate. Lately, I have come to realize that, perhaps, I am trying
to force the TTP over her and trying to do the same to her. This contrast
became obvious when I could do a meeting with someone else from the family
and everything went fine: no arguments, no advice and just the reporting
of feelings.
Then I realize:
what the heck do I need permission or approval of someone who is so happy
to judge and control to avoid her own feelings? I know this seems quite
humorous but as I realize that our meetings have been quite a failure, I
invite and encourage her to fail on purpose together with me. I say things
like: "OK. Let's reason, talk and argument a bit more. But this time
let's do it on purpose, consciously. Let's avoid the feelings part, on
purpose." :-) In our last "meeting" I just invited her to
watch the "A Beautiful Mind" movie with me, as one of her
sisters has a history of schizophrenia and, perhaps, we might bring up
some of the feelings of having spent almost a whole life taking care of
her. |
When
you are willing to experience your mate just the way she is, she loses her
power to control you and she becomes your ally.
Your
judgment of her judgment empowers it.

Judges
Know Better
than
to go around
judging
each other.
Clip: http://www.co.alameda.ca.us/
law/director.htm |
|
Sun, 18 Jul 2004
Uncle Point
Ed Says: The Uncle Point is the psychological point
at which confidence dissipates.
It may or not the same point as the theoretical maximum drawdown. It might
not be the same point at which the investor and manger agree to abandon
the enterprise.
Yes. I have been doing some tests and the uncle is pointing at me, guiding
me through the process of validating ideas and methods. He tells me that
if, historically, a method cannot do well over a wide range of conditions,
there is no reason it might do it in real time. |
Just
about everything works once in a while.

Betting
Everything You Have
on
the Six
works
sometimes
Clip: http://budgetstockphoto.com/
samples/pics/dice.jpg |
|
Sat, 17 Jul 2004
What I like
about Trading
Chief Tahoe,
Greetings.
I am sorry, I did not notice in my application last night that I need to
turn in a description of my trading rationale. Please find it attached.
I hope that I understand it correctly. Rationale means the "why"
or the "fundamental reason" of trading.
Right? If you intend to get something else, such as my trading system,
please let me know. I will be happy to provide that.
BTW, isn't this request for "rationale" a shift from our
principle of not asking for whys an for fundamental explanations?
Thank you,
Just writing these essays to you has been informative.
My Trading Rationale
I trade because I am fascinated with the markets and I want to be an
active part of the great capitalist system. Trading is the crème of
capitalism, the ultimate.
I trade because trading adds value. I like to be one of the
millions who provide liquidity and risk transfer services to the
huge commercial concerns. I think it’s a very-high-value-added service
and if I learn to do it right, to trend-follow with limited risk, I should
be very well compensated, in addition to being highly useful. It’s a big
“IF,” but I believe it is well worth my while.
I trade because trading is the ultimate meritocracy. There are no
alibis and no excuses in trading. No corporate politics and no hidden
agendas. There is no favoritism. There is no waiting and no guessing as to
what the schizophrenic or the insecure boss wants. There is no room for
misinterpretation of for things to get lost in the translation. You put on
the trade, and you immediately get to know whether you are right or wrong.
Zero-point feedback. You don’t have to worry who’s going to get the
credit for your toil and whether enough of it will be passed down to you.
In trading, it is all reflected in your P&L, on a daily basis, the
good and the bad of it. Trading is immediate.
I trade because trading is a highly intellectual pursuit. The quest
for that ever elusive edge, that sound method, is so much fun, so
engaging, so gratifying. Not a minute is dull when you are analyzing the
markets, updating and reviewing your trading diary, sharpening your
signals, studying the masters, collecting their metaphors, and guessing
what their trading systems are and how they would act under this
circumstance or that.
I trade because trading is a journey of self-discovery, a journey
toward self-mastery. Trading teaches me the necessity of discipline, the
virtue of patience, and the elegance of independence. Trading brings me
closer to my primal emotions and to TTP.
I trade because the goddess of the markets has me wrapped around her
finger. She has me seduced. I am in this perpetual dance with her and
I can’t stop. She is the beauty and I am the beast. She is sexy, swift,
sophisticated, elegant. She is loving and caring when things go her way,
but also moody, spontaneous, unreliable, and mean when she is ticked –
like all women who are certain of their attractiveness and influence.
I am slow,
awkward, self-absorbed, and all I want is for her to kiss me and turn me
into a prince. She makes the moves and I follow and try to figure her out,
but that is no easy task. She smiles at me sporadically and the
intermittent nature of her kindness gets me even more hooked. Her name is
“Trend.” I can never guess how far she will go. I better march to her
drummer or I am toast. The faster she moves, the higher my emotions and
anticipation… and nothing moves her Like money. Just because something
is absurdly expensive does not mean she isn’t going to buy it. She hates
the flee market and she loves Madison Avenue. The only thing more suicidal
than asking her “why,” is taking a public position against her. Her
favorite slogan is “Never say Never.” As long as she’s down, I am
pessimistic, and as long as she’s up, I am optimistic. The further I
step away from her, the clearer her intentions become to me. No force can
cool her until she has released her pent-up emotion. Her volatility is a
good indication of her next move and she can turn on a dime. The only way
I can avoid her taking a pound of meat out of me every now and then is to
stop dancing.
That’s my love affair with the market. My goddess aside, trading sets me
free. |
You
might like to take your feelings about oppressive bureaucracy into the
process.
You
might like to re-view your market metaphor about the finger wrapping
goddess.
You
might consider: intertwine fingers, support each other, communicate
deeply and co-create right livelihood.

Right
livelihood feels like
you
are standing on top of the world,
no
matter where you are.
Clip: http://www.carolprice.com/
holding%20hands.gif |
|
Sat, 17 Jul 2004
Application
to London Tribe
Ed,
my main ambition in life is to be a top of the line commodities and
currency trader. I am as of yet only a novice in this field, but am quite
determined to reach great levels of success in this field.
At present I am trying to set up an online trading account, and I am also
considering taking an online course in technical analysis, and in trading
systems. I am also hunting for start up capital to add to my account. This
is my main life ambition at present and it takes priority over lots of
other things, I may consider doing, but I am resolved to its undertaking.
I am seeking an application into the London Trading Tribe. I see the Tribe
Process as an elementary yet brilliant means to personal realization. What
lies between us and our dreams, or our becoming another Aha!? I think it
is some accumulated emotions which when expressed in a supportive and
mutually reinforcing group process, leads them to pass on, and so we
become at peace with our instincts. The group is essential as it provides
a base for mutual support and commitment, and so nurtured human beings
result.
Within our hearts lie the seeds of a fantastic life, in the form of
instinct and dreams, this can become realized in the form of living
intuition in the form of a mutual group process, with others committed to
the same result. To avail of that connection with others on the same path
is a great gift. The results as you have outlined are the privileges of
emotional release, creativity, humour, connectivity and lightness.
I look forward very much to being a part of this. If you would prefer me
to have my trading operation up and running, and recording gains, or if
you would prefer me to solicit directly with London, let me know. |
To
apply to join an Intentional Community, see the Directory page and email
the local Contacts for specific procedures. |
|
Sat, 17 Jul 2004
Abandonment,
Integrity, and Commitment Aha Part 2
Hi Ed!
Now, I see the polarity with abandonment: one end is experience being like
left out, and the other end is experience like love, joy, life with
abandon. The choice is mine. I intend to make my abandonment feelings side
a great friend. And I intend to trade with abandon passion within my
self-imposed limits: risk.
Last night, I experience a wider range of my abandonment friend at art
reception. Yes, first off I spotted this lady I wanted to get to know.
Yet, she rejected me. I felt it. Over the remaining 2 hours of event, I
experienced 3 fantasying Ladies wanting to talk with me in passionate
conversations.
One I ran into this morning at my coffee hang out. She repeated,
"Loved our conversation. I look forward to again soon, I'm off to
hike with a girlfriend." Another I am set to have coffee with next
week. She is a VP for Trust & Investments. And she didn't run when I
answered her question, "What do you do?" I reply, "I'm
learning to trade futures, the best business for me. ..."
I love this feeling system. The more I use it, the richer my experience.
Thank you again. Best to you in all your endeavors.
|
Abandonment
can transform
to
a band of girl friends
to
a wedding band

A
defining property of a band
is
a center of nothing
Clip: http://www.jackmasters.net/
mtmdc/oct0t2.jpg
|
|
Sat, 17 Jul 2004
IV TT
Application and Questions
Chief Tahoe,
Since I walked into the Trading Tribe site a week ago I can’t trade.
Suddenly I realize that I’ve been pushing the envelope too far and that
I need to resolve a lot of feelings and knots before I can trade in a safe
and disciplined way. Yesterday I applied to the San Jose tribe and I am
now waiting for their response. May I also apply to the IV Tribe? Is
it agreeable that a person be part of two tribes. I commit to attend and
be an effective participant in both. I am not employed and have plenty of
bandwidth [I have already read the whole 18-month FAQ]. I understand
that you have a waiting list. I’d appreciate it if you would add me to
it [BTW, How many are on the list already?]. Attached please find my essay
on my understanding of TTP and my resume, in a Word doc ...
In the meantime, I have a few questions:
1 - Are programming skills a necessity or a great advantage in trading?
I understand that programming your signals makes them clearer and crispier
in your head, but that’s if you are a programmer and you speak that
language. How about an artist, can’t he get that clarity through other
means, such as putting his signals in colors? Does the trading system
itself have to be automated? Does the PC have to do the buying and the
selling? Livermore did not have a PC, neither did Baruch, Loeb, or Gann.
Yet, they were all formidable money managers and traders and they rode
fantastic trends. Niederhoffer is a math nut, he has parameters on
everything, even on changing a baby’s diaper, yet he busted twice in 4
years. Am I resorting to rationalization in order not to deal with my fear
of computer languages?
2 - I don’t get the message of the Jademaster's story in Jack
Schwager’s Market Wizards 2 book. How does the student finally
figure out that the stone in his hand is not jade? I understand that the
experience taught him patience and self-control, to deal with his feelings
and emotions, and to go with the flow. But how does becoming a self-master
help him know that the stone is not jade. If he and the master only talked
about frogs, how did he learn the properties of jade? If he did not have a
basic understanding of jade to begin with, how did he figure it out?
3- That book (MW-2) is 12 years old. Does this mean that you have been
working on your book for over 12 years? If that is the case, then it’s
going to be a major rock of jade indeed - over 2500 hours of master
thought! Talk about a patient, long-term
trend-follower.
4- Is it safe to believe that TTP is your real trading system? The
holy-trinity rules [follow the trend, cut losers & ride winners,
manage risk] are only possible with the self-mastery and knot dissolution
that come from TTP, thus TTP got to be the thing. Choosing parameters for
timeframes, heat, entries, and exits are of secondary nature to the above
three. Right?
Thanks so much for the invaluable treasures that you are making available
to us. We are truly, truly blessed.
My
Understanding of TTP
“I sometimes think that speculation must be an unnatural sort of
business, because I find that the average speculator has arrayed against
him his own nature…” “The speculators’ chief enemies are always
boring from within.” --- Jesse Livermore
These quotes from Edwin LeFevre's Reminiscences of a Stock Operator, also
appear in Victor Niederhoffer’s Education of a Speculator, where Mr.
Niederhoffer is somewhat critical of Mr. Livermore because he’s a
plunger and he dies broke. Mr. Niederhoffer then promptly proceeds to have
two blow-ups himself (in 1997, and in 2001).
Even super-traders have difficulty practicing what they know. This
proclivity for drama, this predilection to self-destruct is part of our
human nature, and is as old as Adam and Eve.
The basic tenet of TTP is that the feelings we judge and try to avoid run
our lives. Feelings are the bridge, the common language, between Fred and
CM. By experiencing feelings we can set ourselves free from their drama
and its negative consequences. TTP is a bridge builder, a promoter of the
free flow of feelings from Fred to CM, so that Fred does not have to
resort to tricks and to drama in order to get our attention. This free
flow is best achieved through the creation and engagement of a supportive
intentional community that is competent in sending and receiving,
openness, sharing feelings, mirroring, pacing, and encouraging each other
to be exactly the way we are. The Three Musketeer (TTM) slogan is a good
one for TTP: One for all, all for one!
All feelings are good. All feelings are friendly. All have positive
intentions, no matter how painful they are: Hunger and thirst cause us to
eat and drink so we won’t starve. Guilt causes us to do the rightful
things and to give back to our community. Fear causes us to cut risk and
to work harder. Confusion causes us to ask and to learn. Pain causes us to
move out of harm’s way. Yet, we have tied up a lot of those feelings in
knots over the course of our lives in the mistaken belief that they are
bad for us. Our feelings do not sabotage our lives, our relationships, our
trading. It is our unwillingness to feel our feelings that forces Fred to
set up destructive dramas so it can get our attention. TTP is a process of
exploring our feelings rather than suppressing them and hiding them,
because all feelings have positive intentions.
TTP is a continuous improvement process. As such it requires real
commitment and continuous involvement. It happens in the ever-present
moment of now, it accepts no excuses, no rationalizations, no
explanations, and no procrastinations.
TTP does not attempt to erase the past. Not even God can erase the past.
TTP allows us to accept and acknowledge our feelings about the past, to
fully experience them. In doing so they dissipate, they are no longer
important in the ‘here and now,’ and they are no longer holding our
actions hostages. TTP does not obsess over the future and does not attempt
to control it. It recognizes that the future is a series of ‘nows’ on
the way here and it deals with them when they arrive. It realizes full
well that they might evolve into different dimensions during their journey
to the present.
TTP is neutral. It does not take sides. It does not judge. It does not
label feelings. It does not think positively or negatively about them. It
allows us to follow our feelings wherever they take us, as a master
trend-follower effortlessly follows the trend in a celebratory,
happy-go-lucky style. As long as it goes, he rides it and when it
reverses, he reverses with it. TTP yields like water and gently fills any
form made available to receive it.
TTP is about liberating Fred from the tyranny of CM - the tyranny of the
should's and the why's. TTP recognizes that, in life, we become what we
resist. Man is possessed by what he fears and what he craves. TTP ensures
we control our feelings, lest they control us. But ‘control’ in TTP
does not mean suppressing our feelings. It means reaching for them,
feeling them, exploring them, embracing them, celebrating them, allowing
them a let-out. TTP means control through resolution, not through
conflict. It entails free-flow, not bottling, of feelings.
TTP is creative decision making, trend-following style: Lots of upside
with limited downside. By intensely observing our feelings with the
intention to fully experience them, we accomplish two things: (1) Fred is
acknowledged and he no longer has the need to set up dramas to bring those
suppressed feelings to the attention of CM, thus the limited downside. (2)
An ‘Aha’ experience (insight, solution) is eventually achieved as
things suddenly make sense and the development of wisdom in the troubling
area starts - we will automatically know what we want to do and how - thus
the upside.
TTP is about the right livelihood, not just about making money. Too much
emphasis on money and material possessions, at the expense of intellect,
spirit, family, and community is not a good thing. Soon our possessions
begin to own us and the dollar sign becomes our self-identity and our
master.
TTP is a philosophy, a mindset, a way of life, to be practiced day in-day
out, not just theory and concepts to be entertained sporadically.
Resume
Jan. 2003 – Present: Trader - for own account.
2001-2002: Director / Controller, [Name] Corporation.
1999-2000: Controller, [Name] Corporation.
1995-1998: Financial Analyst and Finance Manager, [Name] Corporation.
1990-1995: Financial Analyst, [Name] Company.
1985-1990: Lending Specialist, [Bank]
Education:
1985: MBA, [University]
1983: BS in Arts and Sciences, [University]
|
You
may attend as many Tribe meetings as you can sit.
1.
No
2.
Experience not getting it.
3.
On and off - mostly off - lately on.
4.
My Real Trading System = set of feelings I am unwilling to experience.
Very
nice description of TTP.

The
way you know
if
you know something
is
just to know it.
When
you know how to know
you
know if the jade is real.
Clip: http://hoover.archives.gov/exhibits/
China/ancientciv/arts/vases/
jade%20bowls--green.jpg
|
|
Fri, 16
Jul 2004
Names for New
TTP Process
Dear Ed,
How about " Ed's Seyoga " ( as in " Sahaj Yoga " )
Tribe members could then legitimately call themselves- - Ed's Seyogis
p.s. I must admit though, that 'Half-A-Yoga' has me :) |
FAK:
Frequently Asked Koans
K:
What is the sound of one hand clapping ?
A:
Face the questioner and thrust one hand forward.
K:
Does a cow have Buddha nature ?
A:
Face the questioner and in a low, melancholic tone, bellow Mooooo. |
|
Fri, 16 Jul 2004
TTP Spreading
Hi Ed,
[My new Tribe] is going well, growing and getting more effective for
people have less need to talk and more desire to do the work. Yesterday
was my first hot-seat in ... and I'm still feeling it now. I'm closer to
my "first event" or the "root cause" as Dr. S. Grof
calls it but not quite there yet. My tribe got even more inspired by my
trust in them, my willingness to do the hot seat and show them that I'm
just the same as them, human being. I'm very happy to report to you that
your goal of spreading TTP is realizing and my goal of having effective
and functional tribe ... is reality. I miss IV-TT meetings, being with you
... and other members. Looking forward to seeing you soon.
Love, Peace and Happiness
|
Yes.
The
Tribe really spreads when your Tribe members go off and start their own
Tribes.

It's
not just about
making
waves.

It's
also about
re-creating
yourself
Clips:
http://www.city.toronto.on.ca/water/
media_room/photo/water_images/
ripples.jpg
http://www.math.toronto.edu/
~drorbn/Gallery/Misc/MilkDrops/ |
|
Fri, 16 Jul 2004
DIM
Hi Ed!
You have told me I apply a form of the DIM-process. I first thought it was
another way to approach your feelings, but now discovered you consider it
to be a part of the drama.
Why do you consider it impossible to keep yourself on track when you
apply TTP on yourself? You have the intention to get rid of your stuck
feelings and you know the refinement comes after the pain. It's not so
different from exercising - you push yourself to get in shape. You might
even like the process even though it hurts and makes you tired. Can you
find any other reason why it mustn't work besides that you do everything
to avoid what you are used to avoid.
As I write this I can't avoid thinking that actually I don't do the
DIM-process because I'm writing you all the time. It seems I'm not
embarrass to write down my feelings to you, but yet not ready to start a
tribe.
I have another problem. My trading friend who has taught me a lot in
trading says I mustn't tell anyone how our system works. I consider it
ridiculous because I think I could publish in the paper, and still no one
would use it. It's the same with an exercising program to become a
successful athlete - a lot of people know how it can be done, but still
very few have the guts and strength to do it.
When I bring up the idea of starting a tribe,
indirectly he "kind of" says I'm not allowed to discuss trading.
(Rather, I feel it that way). I recognize this as isolating and this has
happened before since my father used to tell me secrets that was to be
kept. Why then tell me? This is of course another drama I should bring up
to the TT.
At least I have started to take my signals and feel the feelings instead
of continuing my chaotic trading and eating disorders. It feels good to do
the right thing but it's not the first time I have started all over again.
As usual I receive a lot of painful
feelings but this time I know what to do with them - to feel them instead
of avoiding them.
The direction in which you start determines your destination!
Kind Regards,
|
You
might notice how you attract people to play your father's role in your
family drama.
When
you fully experience your feelings around secrets, you may gain a lot of
freedom. PS. Don't tell anyone.

Keeping
Secrets
is
likely just more drama
Clip: http://klabs.org/images/
home_page/secret.jpg
|
|
Fri, 16 Jul 2004
Radial
Momentum FAQ
Question. Could the collapse in the conical tube have anything to do with
a creation of a vortex? Sort of like when your shower curtain pulls in on
you, if that happens to you. It's caused by the water moving the air in a
vortex, and the center of the vortex pulls in, and pulls the curtain with
it. Also, isn't there some proportional difference in the strength of the
conical structure vs. the strength of a small tube? It seems the strength
of these devices would need to be considered. It's much easier to collapse
a cone than a tube, that is balanced in structure with a reinforcing
shape.
Regards, |
You
can build the equipment out of some newspaper and tape. Try it
yourself.
See
www.RadialMomentum.com |
|
Thu, 15 Jul 2004
Abandonment,
Integrity, and Commitment Aha
Dear Ed,
About 15 minutes into the two hour drive home after my local TT meeting, I
noticed strong Feelings popping up. Then, I didn't know why. I just
started experiencing them including screaming.
This morning I realize instead of standing around talking with the members
outside afterwards, I said, "I had to run." Yep, I ran to my car
to avoid the feelings that came up when our leader, laser me with,
"Your Real System is the Feelings you are most unwilling to
experience!" He had to repeat himself like four times before he felt
I heard him. Then, I just barely. The words you use so often.
Yes, I experienced repeated abandonment by my mother, father, siblings,
others, countless times since, including sometimes even by my supportive
TT members. But the person whom abandoned me most often was me. I resisted
my feelings often, until now. The process continues including checking in
with some of my support network. I love freeing emotions.
My real system 3 is repeatedly experiencing Abandonment, including in
Integrity and Commitment to trading, so I can avoid the feelings that
success in trading would bring up, money and freedom to enjoy an awesome
Gentleman's life.
Again, thank you for your work and support.
Sincerely, |
Sometimes
the path includes jumping off the path you think you are on.
Your
Tribe is a place in which you can share the experience of running away.

Sharing
the Experience
of
running away
Clip: http://www.johnhannah.net/
mummyjerrun.jpg
|
|
Thu, 15 Jul 2004
Looking
Forward
Dear Sir, [Website] has an interesting outlook on wisdom, you may enjoy
his viewpoint (His lecture series has been an eye-opener). I have been
monitoring your site for some time and see many interesting parallels.
Helping others is truly the essence of why we are here. I look forward
to joining your group. Thank you for your commitment to others. |
You
might like to notice the essential difference between "looking
forward to joining" and "joining."

Looking
Forward
Clip: http://www.alleganisd.org/
looking%20glass.jpg |
|