© Ed Seykota, 2003 - 2005 ... Write for permission to reprint.

Ed Seykota's

Frequently Asked Questions

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Questions

(Quotes from Ed in Red)

Wed, 31 Aug 2005

Trading a $5,000 Account

Hello Ed,

You recall my last email when I tell you my equity is $5,000 and I trade 0.1 lot of EUR/USD with every stop-loss set to $100 = 2% of equity?

Every stop-loss cost me $100, therefore when ever I get a stop loss I would pay it directly from my salary, so by adding $1,000 each month from salary; it would allow me to cover the losses of 0.2 lot more, may be 0.1 Crude oil and 0.1 Share CFD (Contract for Deference) so I would total to a big 0.3 lot.

We have a market maker here that allows trading Crude Oil and Shares on margin with small contact sizes, this market marker might not be very trustable in case I make a big killing, yet like Jesse Livermore says “The beauty of doing business with a crook is that he always forgives you for catching him, so long as you don’t stop doing business with him” and I know that my system has a statistical edge on the upside because I tested it a lot, it is very simple and it was always profitable in trending markets that come after sideway markets, it lost in long term sideway markets just like any other system but now I am diversified to 3 markets which suppose to decrease the effects of long term sideways when it happens.

The point is that markets can be traded even if you don’t have a the equity for it, one may pay the stop loss from his salary or from a business like a restaurant for example, if I make some money I would leave the market, start a business and bring its profits back to the market and so on, this would allow more stability and diversification.

If you can add $1,000 / month from your salary to your $5,000 trading account, you get a 20% increase in your account the first month and a 240% increase for the year - all with no drawdown.

Unless your trading compares favorably with a savings plan, you might consider postponing trading until your account can handle normal volatility.

Furthermore, a small account has implicit requirements to keep equity swings small and this can conflict with riding out normal ups and downs.

You might consider taking your feelings of impatience and to your Tribe as entry points.

Tree Farm Strategy

Feed the small ones

and harvest the big ones

Clip: http://showcase.netins.net/

web/morgan/

Tue, 30 Aug 2005

EA Trading System


Dear Ed,

Thank you for the Trading System Project.

I was able to duplicate your results using Excel down to the third decimal. From the fourth decimal my results are slightly different probably due to rounding.

I also optimized for Bliss. My optimal solution for Heat = 0.15 is Bliss = 0.255, at Slow EA = 800 and Fast EA = 25. However, CAGR is only 0.097. Also, this result is an outlier.

A better result may be Slow EA = 950 and Fast EA = 45 which gives Bliss = 0.2322. Please see the attached file for a 3D model of the results. I averaged the results from adjacent data points to come up with a more meaningful solution.

Nice job.  For more about EA Trading Systems, including reader contributions, see the link to TSP, above.

Mon, 29 Aug 2005

Verification

See link to TSP, above.

Mon, 29 Aug 2005

Reading Futures / Trading Cash

Hi Ed,

I’ve been popping into the TSP area occasionally and have noticed either an oversight or an issue that, up to now has not gotten addressed.

See TSP, above for information on this and other questions.

Sat, 27 Aug 2005

Easy to Read

OK.

Fri, 26 Aug 2005

IV Tribe Meeting of August 18

Ed,

Here is the report for FAQ. I enjoy writing it. My last hotseat is a tremendous experience for me with all that came up. I find the Incline Tribe such an amazing group of people and place for personal growth.

I found a new attorney after interviewing more. I keep my eye on the prize and let the drama arise and keep going all while fully feeling any resistance that arises. Now, I have an excellent attorney with a top firm in SF that specializes in hedge funds. My attorney specializes in executive compensation and taxation within hedge funds. I speak with him about the current version of my compensation agreement on Tuesday before I head to NY to negotiate further. I prep well with him before I go in. I don't sign anything in NY. I consult with him again. This is a really productive/protective path.

Below is what I write for FAQ. I update it as my process unfolds.

-----

Incline Hot Seat


I arrive at our tribe meeting without hotseat issues after a six week break from TTP after an intense breath work 42 days prior. In our pre-TTP meeting where we work on snapshots, important hotseat entry points arise as I review my progress with the “Board of Directors.”

Indeed, the members find and confront me on inconsistencies between what I say and what I do. This delta arises from the feelings I am unwilling to feel in my process to realize my snapshot. Members act as steel traps for BS as they help me find my hotseat issues. This process is fantastic.

Issues I take to the hotseat:

Difficulty saying “No!” forcefully

Difficulty asking for what I want

Blockage/Drama actually going to get what I really want

Question of “deserving/self worth”

TTP:

We have a smaller group than usual at our meeting. I have a very light dinner knowing I have a lot of work to do. It is nice that only one other person has an issue live for the evening.

I begin to talk about my issue for about ten seconds before I unconsciously begin shaking my hands.

Tribe members encourage me to get into the form and I do. A number of other forms begin to appear.

I really get into all of them as well with relentless validation from the tribe. When members begin to tease out feelings, they find one that centers around me begin able to say “No!” forcefully.

They encourage me to find the judgment around not liking it. I find it, feel it, and it passes. I get into the feeling of a forceful “No.” I begin saying it and tribe members encourage me to get louder and more forceful.

I fully commit until I am screaming it. One member notices that I only say “no” forcefully to the floor at the right and left side of my feet. I notice that I have real resistance to saying No at eye level or higher towards anyone in the room.

Tribe members help me locate the resistance, experience the negative judgment, and then feel the underlying resistance until it passes. In a little while I scream “No” towards everyone in the room at the top of my lungs and enjoy it.

I notice butterflies in my solar plexus area as I get closer to dealing with the issue of going for and getting something I really want. I get into this feeling and get to the point of feeling OK with the feeling.

I reach down and take a sip of water from my bottle on the floor. The project manager quickly notices this and ingeniously uses the bottle as a broader symbol or prop of me really getting what I want.

He suggests that I use the bottle and getting a drink of water as a symbol of me going for it with something I really want.

The bottle becomes the really great outcome which I go and get. Tribe members help tease out an outcome a number of levels higher than I choose that stirs more feelings. They set the bar higher which really activates my forms.

Someone places the bottle on the floor away from me and the PM suggests I fully experience the forms that arise when I walk over to get the bottle and return to my seat (as a surrogate for going out and getting something I really want and have deep emotional investment to obtain.)

Many forms arise as I go through this exercise. Feelings and forms arise before I can get off the seat, while I walk to the bottle and when I return to my seat.

The project manager has me put these forms together. I end up on the floor with my body knotted up, muscles contracting and grunting. I hear the PM suggest this is a classic and common yes/no double bind form.

While I experience the very strenuous physical form, I still notice that I have a blockage to just going and getting the bottle.

I experience frustration.

At first I don’t want to feel it. I feel the judgment and then get to the frustration. I let it come and intensify it. After a bit it passes and the thought of deserving to get the bottle pops into my head. I go back and forth just with the thought of deserving to have it or not without much feeling.

My body still remains bound and tense on the floor. Then everything melts away in one instant as an “aha” pops into my head, “Deserving or not deserving is completely subjective and whatever I make of it.” There is no truth in it other than what truth I give it.

This is an enormous insight.

The phrase “keep your eye on the prize” pops into my head. The resistance fades immediately. I fix my eye on the bottle. I purposefully get up walk to the bottle, pick it up, and walk back to my seat. I feel at peace, calm and at my zero point. The tribe goes through checkout. I marvel at my process and thank all my tribesmen for their relentless validation and support.

Things I notice take place after my Hot Seat:

I notice that I like the feeing of riding the edge or feeling the suspense before making an important, emotionally invested step that has the feeling of self worth involved. It is a cool feeling that I like. Now, I understand the reason it comes up a lot.

I notice that I notice the above drama. This is cool as before I didn’t have this level of detachment to observe.

I go along with this feeling but keep my eye on the prize and move forward toward the prize.

I notice less resistance to getting what I want and getting things done to get what I want.

I notice that moving through resistance is easier when I let the resistance come up and get into feeling it at the time it arises. Suppressing or avoiding the resistance blocks me, whereas going with it allows it to pass and gives me space to keep my eye on the prize and move forward.

I notice issues of self worth and deserving arise from time to time. I notice myself notice. This detachment is nice. It helps me side-step the drama. I just go with the feelings and notice them, sometimes even encouraging them myself. I remember that its drama instead of getting wrapped up in it.

Thank you for sharing your process. 

Your email illustrates some important and subtle aspects of TTP.

Congratulations on excellent work.

When you keep your eye on the prize and are willing to experience all the feelings that arise, the prize soon becomes yours.

Nobel Booby Prize

Clip: http://www.physics.brocku.ca/

~edik/dr.fun/nobel-prize.jpeg

Fri, 26 Aug 2005

OK.

Fri, 26 Aug 2005

Emotions Discovered in Finance


Chief!


I recently found this book. The importance of emotions is being 'discovered' by many researchers.

Emotions in Finance: Distrust and Uncertainty in Global Markets
by Jocelyn Pixley, Cambridge University Press, 2004


"Fear and greed are terms that make light of the uncertainty in the finance world. Huge global institutions rely on emotional relations of trust and distrust to suppress the uncertainties. Many financial firms develop policies towards risk, rather than accepting the reality of an uncertain future." - from the book jacket

"In finance uncertainty is masked (disguised as 'risk', not losses). It cannot be spoken, for it is the un-sayable. Since uncertainty about claims is always extreme, decisions rely on future-oriented emotions.

Competitive financial firms live and die upon predicting future outcomes which are unknowable, no matter how rational their calculations of past information.

Therefore, firms must project emotions and conventions about the unknowable future, and through strategies of a pseudo-rational kind, bring these conjectures back to the present in order to act.

OK.

Wall Street

Many heads, thinking alike,

and all cut off from their body feelings.

Clip: http://www.natashatynes.com/

photos/uncategorized/barbie_head_1.jpg

Fri, 26 Aug 2005

Gracias Don Eduardo


Hi Mr. Seykota:

I am a 23 year old guy from Dominican Republic; I have a degree in business, I love trading and I love to learn. Perhaps my English is not the best one so please be patient.

I was born in a family where most of the members are pretty good at doing business, we have been a very united family, we have traveled almost the whole world together (26 members).

However, by reading TOXIC PARENTS I immediately realized that the price of being so attached to my family was costing me A LOT. As I kept reading I started to feel wounded, specially when I read the chapters: Verbal Abusers, Physical Abusers and Controllers. I did exactly what the book suggests me, I wrote a letter to my parents and my relationship has improved a little bit but the family system is still there intact. I am not saying that I am willing to change that but it hurts me a lot.

A year ago I started working for my uncle in a real estate business; it was a great opportunity for me to increase my capital as well as to do a good job. But my uncle is a very difficult person to work with; he not only made me feel ridicule with personal attacks and many other techniques, he even kept telling me advices like that the only way to have money is not to get married and it makes me interpret that it is a good idea to get rid of my 5 year old relationship with my girlfriend.

By the way she is an architect and she still working for my uncle and she going crazy.

The thing that really broke me inside was that when I decided to quit working for my uncle (by a psychologist suggestion), almost my entire family gave him all the support.

Thank you for sharing your process.  You en-courage others to take yet another step along the path.

Thu, 25 Aug 2005

Hawaii Freaks Out

Freakonomics, a best-selling book by Levitt and Dubner, has exposed a public fascination with economic explanations for real world events. We share this fascination. After all, that's why we became economists.

Yesterday, the state of Hawaii set off on a real time Freakonomics experiment.

The state has decided to cap wholesale gasoline prices for regular unleaded at $2.15 per gallon. As far as we can tell, there is no limit on what retailers (who add taxes and a markup to the price) may charge.

People create a lot of drama around their k-nots.

If people have an aversion to experiencing guilt, they tend to work dramas that involve hurting others.

People who are fully in touch with the positive intention of guilt generally want nothing to do with welfare or other governmental schemes for asset transfer such as price controls.

Gas Lines

Coming soon to an island near you.

Clip: http://www.sptimes.com/2004/

09/11/images/xlarge/

Thu, 25 Aug 2005

Receiving


Dear Ed,

After the last TT meeting I start thinking about the following. The hot seat starts talking, the receiver is looking for feelings and physical display (forms), says show me more of <specific form., the rest of us creates a field of acknowledgement.

Everything is going well and after the first round, the sender seems not complete. Now there are different philosophies how to proceed.

One receiver asks the sender to tell again about the issue and slowly get from there to reporting feelings. Slowly because he first addresses the conscious mind and encourages story telling.

On the other hand, as a receiver, I feel that asking about a feeling (that the sender just had expressed before) right away works better.

Example: Before you told me about that burning in your stomach. Can you still feel it?

The sender closes his eyes and starts slightly to move his upper body forward as he tries to sense if the feeling is still there. Rocking back and forth is a form that was strong before.

Immediately I sense that something must be still there, otherwise the body would not start with that motion even before the conscious mind makes up his mind.

So I ask him to show me more (show me more of that rocking?) and we are in the middle of a great physical display.

A first time participant felt that just encouraging a form without connecting it to an issue by talking about it, feels like "making it up" or "pretending" for him.

Once a sender goes into form, I generally keep communications with him on the level of encouraging forms.

I encourage the sender to dis-associate the form from the drama and deal with the form and the feelings.

Re-connecting the sender with the drama is likely to pull him back into his conscious mind.

You might suggest to the first time participant that he consider taking his feelings about pretending into the process as an entry point.

Pretending

is sometimes a good way

for us to find out

who we are.

Clip: http://www.gailnoglephoto.com/

images/play-doctor_239x195.jpg

Thu, 25 Aug 2005

Observation

Ed,


I notice after the May workshop and the July breath work how my feelings, especially the ones I don’t like, drive the decisions I make on a daily basis.

Looking back I see how this has controlled my life and career decisions to this point. I commit to experiencing all my feelings and attend all local TTP meetings.

Instead of resisting things and doing them my way I go with the flow. I do wonder though, if my perception of the flow is correct or is it what I perceive to be the flow really just the alternative option to feelings I am unwilling to experience or feelings I judge as bad.

When your uncomfortable feeling is in a k-not it attracts drama.

When it is it not, it attracts right livelihood.

If you have a question about it, take it to your Tribe as an entry point.

To some, a k-not is

something to untie.

To those who view it

as something useful,

it simply disappears.

Clip: http://www.polocrosse.net/

aus/qld/images/knot.jpg

Thu, 25 Aug 2005

Physical Fitness Plan

OK.

Wed, 24 Aug 2005

Richmond Virginia Tribe

Hi Ed,

I am starting a tribe in Richmond, Va.

Welcome

Richmond

Virginia

Wed, 24 Aug 2005

Another Growing Tribe


Ed,

Please can you update the details of [our] Tribe. We have 4 members and meet every fortnight (2 weeks). I also noticed that the number of world wide trading tribe members is approaching 150.

Wed, 24 Aug 2005

System Testing

Before you engage in testing, you might like to have some kind of objective function or, as I like to call it, a Bliss Function, so you can optimize your system.

Tue, 23 Aug 2005

Most Important Words

These words are mostly important for winning friends and influencing people.

Tue, 23 Aug 2005

Critical Thinking

Hello Ed,

Critical Thinking is what I meant when I told you about reprogramming our preferences by continuously thinking and understanding why things happen so we form a logical reaction instead of being driven by the fluency of our instinct which maybe corrupted during our life time, this kind of thinking leaves no place for bias and applies a wider understanding; because when thinking before acting we are able to cover more probabilities that we couldn’t when we just reacted by instinct.


Read more on Critical Thinking on: http://www.criticalthinking.org/

You might consider using critical thinking to analyze the feeling of wanting to think critically.

Thinking

about thinking

about thinking

about thinking

...

Clip: http://www.itrc.ucf.edu/conferences/

fetc2004/images/thinking.jpg

Sat, 20 Aug 2005

Bruce Kovner -

George Soros's Right-Wing Twin

http://newyorkmetro.com/nymetro/

news/people/features/12353/index1.html

They don't seem like twins to me.

Bruce Kovner

George Soros

Clip: http://www.philanthropy

roundtable.org/images/am2004biopics/

Bruce%20Kovner.jpg

Clip: http://www.mindfully.org/WTO/

2003/George-Soros-Statesman2jun03.htm

Tue, 23 Aug 2005

The Joy of Losing

Hello Ed,

Greetings!

I trust you are well.

In your Market Wizards interview, Jack Schwager asks you: "Is the joy of winning as intense as the pain of losing?". And you reply: "The joy of winning and the pain of losing are right up there with the pain of winning and the joy of losing."

At the time of reading that interview - and for many years thereafter - I do not understand what you mean. However, that has now changed ...

During the last couple of months, my system gives me several signals - all of which I take. Many of those signals result in losses, and hence depletion of my Trading Capital (and that of my clients).

However, I have been true to my system. And I wish to share with you that for me LOSING MONEY NEVER FELT THIS GOOD!

It has taken me a long time, but I finally understand and experience THE JOY OF LOSING.

Thanks for another valuable lesson.

On another note - our Tribe continues to meet regularly, once every 2 weeks. We now have a 4th member. I request you to please update the Tribe Directory Page to reflect that information.

Ed - you continue to  be a huge source of inspiration to me and the others in the our Tribe. Thanks for sharing your fabulous work with all of us!

For some of my own joy-of-losing experience, see: Body-In-Shape

Tue, 23 Aug 2005

Wants to Test System

Hi Ed,

I would like you to back-test my trading system.  I am willing to fly to IV. 

Please also advise the costs

Tue, 23 Aug 2005

Tribe in Kolkata India


hi Ed,

Welcome

Kolkata,

India

Mon, 22 Aug 2005

Feedback from First IV TT Meeting

Thank you for sharing your experience with others. 

Your en-courage others to experience their own feelings.

Mon, 22 Aug 2005

Personality Types

See Typo Type

Sorry for the link error. I must be a Type 0 personality.

This works better:

http://www.wordspy.com/words/

typeTpersonality.asp

OK.

Mon, 22 Aug 2005

Waiting for the opportunity to arise sounds like more of the stall.

Waiting Around

is just something else to do.

Clip: http://www.clifford.at/

funpic/waiting.jpg

Mon, 22 Aug 2005

Typo Personality Type

Hi Ed !

Here is a new development of personality type labeling.

i especially like Type O = those prone to make spelling errors.

http://www.wordspy.com/

Hmmm ... the URL does not seem to work.

Mon, 22 Aug 2005

Wants Guidance


Hello,

There is me and there is him.
I come from Moldova, country situated between Rumania and Ukraine, former USSR.

He comes from the US, owner of a Bar, where I go regularly.

Both now are on Cozumel Island, Mexico. Both in unison with the rest of the world want to succeed and make a living.

I cry or laugh as life goes.

He has been working on trade following for past 4 years. He tells me about it.

I read "Trade Following" by Michael Covel. Runs into the name Ed Seykota. Opens his web-site like opening a totally different world. Unknown but perceptible.

You can help your guides by telling them where you want to go.

Taxi Driver

She moves

when you tell her what to do.

Clip: http://www.4halloweencostumes.com/

default.asp?group=1&Cat=A

Sun, 21 Aug 2005

Scarrry

Without a trading plan I feel: scared.

Credit: Software by http://www.apophysis.org/ 

Cool Fractal !

Sun, 21 Aug 2005

Go Figure

Ed,

I have not been able to figure this out and it is bugging me. You are the smartest guy I know of ...

The top figure is 32.5 square units in area, the bottom one is 31.5 square units. I have printed the diagram and used scissors to cut out the shapes to no avail ...

OK, let's take some measurements.

So something does not add up.

Notice that the triangle on the top is slightly concave on the top while the triangle on the bottom is slightly convex.  The top lines are slightly crooked.

On the top triangle, if you draw a true straight line from the tip of the red triangle to the tip of the blue one, the straight line lies above the crooked convex line. 

The area above the crooked lines and below the true line is a long thin triangle with area = 1/2 square.

The bottom triangle is 1/2 square short of the true triangle.

Fri, 19 Aug 2005

Flying to the Moon

Hi Ed,

Have you ever thought about going to the moon?

http://biz.yahoo.com/

I have less interest in flying to the moon than in riding markets that do.

Bull Market in Cows

Clip: http://www.lewrockwell.com/

rogers/diddle.jpg

Fri, 19 Aug 2005

Pascal & Mysticism


Blaise Pascal was a French mathematician, physicist, and religious philosopher. Pascal's earliest work was in the natural and applied sciences. His important contributions to these fields include the construction of mechanical calculators, the study of fluids, and clarification of concepts such as pressure and vacuum by expanding the work of Evangelista Torricelli.

Pascal also lent his pen to the defense of the scientific method. In mathematics, Pascal did groundwork in projective geometry, writing a significant treatise on the subject at the age of sixteen.

Following a mystical experience in late 1654, he fell away from mathematics and physics and devoted himself to reflection and writing about philosophy and theology. This period was characterized by the composition of his two most famous works, the Lettres provinciales and the Pensées.

---

Mysticism, from the Greek (mueo, "to conceal"), is the pursuit of achieving
communion with, or conscious awareness of ultimate reality, the divine, spiritual truth, or God through direct, personal experience (intuition or insight) rather than discursive thought; the belief in the existence of realities beyond perceptual or intellectual apprehension that are central to being and directly accessible through personal experience; or the belief that such experience is a genuine and important source of knowledge. In the Hellenistic world, 'mystical' referred to "secret" religious rituals.

Mysticism is to experience intuitive knowledge of transcendent dimensions,
beyond the phenomenal or material concrete objects of ordinary perception.

The mystic sees things that are not part of ordinary experience. William James used the words "ineffable" (which means that something cannot or should not be spoken) and "noetic" (from the Greek nous: "relating to consciousness or intuition'), to describe the mystical experience.

P.S. I work on my own game reflection forms NOW i.e. meditation, observation, opinion, imagination, speculation, study, thought, view ...

You might consider taking your longings for spiritual connection to your Tribe as an entry point.

Sometimes the Search

for something outside

ends by finding it

inside

Clip: http://www.monkeyview.net/id/

1092/default/struggle.vhtml

Fri, 19 Aug 2005

Thwarting Spammers


Hi Ed,

I would just like to point out that there are ways to eliminate the issue of spam via the trading tribe email contacts.

You can ask your webmaster to use images in place of text for the email addresses.

Just take a screen capture shot and save as an image file. Its very very easy and saves about 10000 junk mails a month to every contact on the page.

I am placing the addresses in a MS-Word Document File.  If that doesn't work, I can go to text image files.

Clip:  http://vafer.org/blog/tcurdt/

archives/20040331-no-spam.gif

Thu, 18 Aug 2005

Deadlines


Dear Ed,

What do you think of having some deadline dates set for the Trading System Project?

Deadlines are part of the goal setting process.  They are a function of non-existing time.  Clear visions are a part of the snapshot process.

The Trading System Project is following my vision of creating a complete trading system from scratch.

Yu might consider taking your feelings of impatience to your Tribe as an entry point.

I do not recall Thomas Edison setting a deadline for coming up with the vote counting machine, the phonograph, the light bulb ....

Edison with Phonograph

Inventors find a positive intention

for their feelings of impatience.

Clip: http://www.hfmgv.org/exhibits/

Wed, 17 Aug 2005

Email Address Theft


I need to tell you that someone stole my email address ... which I'm going to change shortly.

I've come to the site and usually keep up to what is written. I don't trust many people so if you were sore at me with my former email it was not me.

Yeah, right!  I bet it's not really you  sending me this email.

Boo

It might be you in there

and it might not.

Clip: http://msgboard.snopes.com/

message/images/spook.gif

Wed, 17 Aug 2005

Crowds


Hi Ed,

I don't like being in a crowd. I find myself plenty of times in a group of people and I am very uncomfortable (almost miserable) while everyone else seems to have a good time.

Somehow it strikes me today that a lot of my discomfort comes from the k-not I have about how people see me.

I'm sensitive to what others think of me, especially when I cannot deny the many weaknesses that I have. I have relatively low self esteem and I'm trying to avoid appearing foolish but in so doing make me just that.

:-(

You might consider taking your feelings of wanting to avoid people to your Tribe as an entry point.

No Matter How Hard

you try to run away

you're always

still there.

Clip: http://www.cs.uoregon.edu/

~thornley/pics/running/mac50k.jpg

Wed, 17 Aug 2005

Stuck on Developing Forms

Ed:


We have three members in our Tribe. Our meetings are by-weekly.

All three members have read the Trading Tribe book. I loved the book and I think that’s great. I learned a lot. I think without the book or participating in a workshop it would be very difficult to start a tribe.

We do the exercises in the Trading Tribe Workbook (“what you are thinking now”, “what are you feeling now” with relative success), but we are struggling with developing forms.

It is very difficult. We are unsure how to create the field of acknowledgement and validation, and how to encourage the senders to feel their feeling, and show and develop forms. If you have any suggestions or guidance that would be helpful, we would be grateful.

Our Tribe is receiving the support of the Chief of [another] Tribe. I hope to go to participate in one meeting, or that he will be able to visit our Tribe soon.

In spite of our Tribe having difficulties in developing the forms, I want to share some improvements in my life since we started the Tribe, and since I’ve been reading the FAQ’s in the web page.

The first is Intentions = results. It’s amazing. I’ve been working in a brokerage house for one year and a half. After one year I asked my boss for a raise in my salary. He got really upset, nervous and angry. He started to complain about how I could ask for a raise. He asked me if I thought the others members also deserved a raise.

After our meeting, I received an invitation to join another brokerage house in less than two weeks. I did not accept and talked with my boss. He was very happy and he now wanted to raise my salary. And he really did raise it. Intentions = results.

Ed I would like to thank you for your guidance and help and I hope that our tribe keeps improving and development the whole process.

You might consider taking the feeling of struggling with forms into the process as a starting point.

Your receivers can cheer you on and encourage you to amplify your physical movements and mannerisms while you develop your form.

Developing the Form of Frustration

helps untie its k-not.

Clip: http://www.sccarlisle.com/

images/struggle/struggle-fist.jpg

Wed, 17 Aug 2005

Multiple Goals

Dear Ed,

I have a couple of questions on the Goals Process aka the Snapshot/Hardball process.

I infer (from the Website - FAQ's) that workshop participants have ONLY ONE snapshot operable or "open" at a time and do hardball on only that one snapshot or dream or goal.

From your book, I infer that perhaps multiple Goals could be "open" or in progress at the same time.

Our tribe is ramping up to do this process and I have a list of several items that I am writing up in proper "snapshot form" (describing different areas of life).

I would like to start executing the Goals / Hardball process on several items - one at a time, of course, when we are ready as a tribe. Some of them are long term goals.

What is your opinion on having more than one Goal or snapshot "executed or open", before any of them manifest?

Thanks for any thoughts on this,

You might consider getting one snapshot very clear before beginning the next.

Clarifying snapshots is typically hard work.

Starting a new snapshot might be a way to avoid the hard work of finishing the first one.

Sharing One Clear Vision

is more powerful

than trying to sell

a thousand murky ones.

Cli[: http://www.hlb.dk/mb/mbp/

Wed, 17 Aug 2005

Jesse Livermore

Fundamentalist or Trend Trader ?

Hi Ed,

Some quotes from the book "Reminiscences of a stock operator".

The moment I ceased to be satisfied with merely studying the tape I ceased to concern myself exclusively with the daily fluctuations in specific stocks, and when that happened I simply had to study the game from a different angle. I worked back from the quotation to first principles; from price fluctuations to basic conditions.

...The analysis of the week that had passed was less important to me than the forecast of the weeks that were to come.

Without faith in his own judgment no man can go very far in this game.

That is about all I have learned - to study general conditions, to take a position and stick to it...

Based on these quotes do you think Larry Livingston ( assumed to be Jesse
Livermore ) was a trend trader whose trading philosophy was to wait until the trend confirmed his appraisal of "fundamentals"?

In other words was he a technical or a fundamental trader ?

Did he try to forecast what would happen in future days/weeks in the market ?

What do you think he meant by "general conditions" ?

I have only read the book a couple of times. Maybe I am taking things too literally instead of reading "between the lines".

I would appreciate any insight on these questions.

Jesse Livermore's history shows alternation between various trading styles.

Livermore's legacy includes wild plunging in the markets, intense carousing about town, numerous incidences of gunfire by various family members and, ultimately, Jesse's suicide.

Jesse Livermore

 Trading is sometimes

just one part of a drama

circulating around k-nots

about risk and anxiety.

Clip: jesselivermore.com/ pics/

pics_pg2.html

Wed, 17 Aug 2005