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January
11 - 20, 2005
<==
Previous
| Next ==>
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Questions
(Quotes
from Ed in Red)
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Answers
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Wed, 19 Jan 2005
Trying to Reach
Ed
Ed,
I don't want to bore you with my life story in an e-mail, but the long and
short is I've been looking for the "right" thing to do with my
money since I was literally 17 years old (when I was a student I threw my
entire student loan money into the market and promptly lost it all ! ).
Needless to say,
when I read about you - I decided you were the one place I knew I wanted to
put my money....
From all I can gather you don't take new clients - but I only have about
100K CND so it wouldn't impact your trading size much ... |
Thank
you for your inquiry - see Investment
- Jan 4, 2005 for rules of thumb about futures trading.
Congratulations
for accumulating 100K - after wiping out.
What
you are dong now seems to be working for you.
You
might consider continuing to do more of the the same.

Everyone
Wipes Out
from
time to time
Masters
keep getting back on the board.
Clip: http://www.mavsurfer.com/photos/
image_photo/mavericks_12_17_03_fq/
images/unident_wipe_out.jpg |
|
Wed, 19 Jan 2005
Consulting
Hi Ed,
You probably get asked something similar to this 1000 times a day but I’ve
always professed when asking a question where you want the answer to be “yes”
that the worst that can happen is that the answer is “no”.
I of course know
about you from trading lore ala market wizards, etc. Long story short, I’m
a trader (and family man, my first love) who has been through the first
couple of learning phases I believe as I now have tight money management, am
more focused on exit than entry, can take losses without a tear, etc.
I also know in my
heart and soul that I am a trend follower. Nothing else makes sense to me.
If prices are rising they’re rising, if they’re not, they’re not. But
what I can’t nail down right now is which markets to trade and how best to
go about determining for myself how to trade them. I don’t necessarily
want a canned system because it’d be like buying someone else’s shoes.
The chances of fitting me are slim.
I’ve been doing
a lot of meditation, preferring Zazen, and what has become clear to me is
that I need a point in the right direction.
Like any endeavor,
be it a sport or other, learning in a mentor / protégé relationship is far
more beneficial than going it alone. If I could get Michael Jordan to teach
me about b-ball I’d learn more faster than if I went it alone.
To that end, I
wanted to ask if you do private tutoring or take on people in any capacity
to help foster their trading development? |
See
the Ground Rules page, at the bottom, for information on private consulting. |
|
Wed, 19 Jan 2005
Pumping Up
Thought that you
may want to see this [news item].
"... unique software -- day-trading on steroids -- pumps
up profits ..."
Is this what is
needed in the new stock market world? |
The
ad might prove that it's easier to get a news-o-mercial into the paper than
to make money by day trading.
The
choice of language indicates targeting a body-building audience.

30
bid for 400 SPUs
Clip: http://www.globalhealthandfitness.com/
sherry---ottawa.gif |
|
Wed, 19 Jan 2005
Right
Livelihood
Dear Sir,
I was watching TV when it showed a clip of Anna Kournikova, the tennis
player who hasn't won a tournament but had huge endorsement contracts
because of her look.
The show I was
watching, as well as the general opinion about her, is that no one has
much respect for her, that she's a joke in tennis, that she sucks, and the
only thing that keeps people interested is that she's cute.
Admittedly to a certain degree I hold those same opinion about her. But that
day, all of a sudden, I thought, wait a minute, what's wrong with that?
Maybe she isn't meant to be a tennis player - maybe that her interest,
desire, and right livelihood is in modeling? So the way she gets into
modeling is through tennis. So what's wrong with that?
Why is it that she
becomes the laughing stock? Why am I not happy for her, even when I always
feel finding the right livelihood or one's unique talent is the most
beautiful blessing of all?
By the same token, I remember you've said that someone may find that his
right livelihood is not in trading. But I always feel that it is
unacceptable for me - I cannot imagine myself quitting as a trader. Even if
I move on to something else, it'll still be a thorn inside that I fail as a
trader.
I then realize I am holding the same prejudice as many others - if you don't
succeed at first in your chosen field, you're like a loser. And in this
society we have little respect for losers, even when they move on to new
path which may better suit their talent. It's like, once a loser, always a
loser, and whatever they do next, we just remember how they failed.
It is shocking
for me to realize how I am holding judgment about people's past (my own
included), and not focusing on what they are NOW.
I appreciate your thoughts on choosing right livelihood. Thanks.
|
Right
Livelihood is not your job - it's what you bring to your job.
You
might take your questions about right livelihood, respect and losing to your
Tribe.

If
Anna is a Joke
guess
who is laughing
all
the way to the bank.
Clip: http://www.zejack.com/perso/
women/img/anna_kournikova_05.jpg
|
|
Tue, 18 Jan 2005
Report from the
Interior
Hey, Chief, get a load of this(!):
I jump on the hot-seat. Geez, I feel nervous! How am I supposed to do this
anyway? "Hey ... why don't you take that feeling and see if you can
feel it a little more ... Yeah, turn it up ... And while you're at it, keep
rubbing your chin! Yeah, do more of that!" Sure, I trust you, and
I'll do just that, yeah more of that. And then, ya know, I really close my
eyes and breathe in and out and see the squiggles in my head and all of a
sudden POOF! Fred arrives and boy he's got some important stuff he's getting
off his chest and I can just barely hear my teammates pulling for me, my
tribe rooting for me:
"CRANK THAT
UP! BOY, YOU SURE HAVE BEEN WANTING TO FEEL THAT FOR A LOOOOOOOOOONG
TIME!"
They're right, of
course you know that. So I sit and feel and surf, and god knows it is just
the craziest thing I have ever done and I sure do like it.
Wouldn't it be neat to hang out with Fred in between tribe meetings if
that's what Fred wants to do every now and then? I think so. So, yeah, I'm
gonna do that, I'm gonna figure that out.
Okay, come visit soon. There's lots to see.
Seriously. In fact, there's a good chance we'll be levitating by then.
Thanks and take care!
|
OK.
Figuring
it out between Tribe Meetings sounds like a variation of the DIM (Do It
Myself) process.
|
|
Tue, 18 Jan 2005
New Horizons
Ed:
I have made a good use of your FAQ and TTP throughout these years. Yet I
have always felt that limiting its application to trading issues is a waste
of resources and genius.
I have found that
TTP is particularly important for people 'addicted' to dysfunctional
relationships and as such I have been using my experience of writing to
FAQ to answer questions ... [for other people].
Now, back to trading, I have a question about Margin / Equity ratio as
reported in hedge funds like [Name of Fund]: What does it mean and how does
it relate to optimal bet fraction? Perhaps you might clarify it to me?
Thanks. |
TTP
seems to be working its way into various other communities.
You
might ask your fund manager what margin / equity ratio means - how he
computes it and how he uses it in his trading algorithms.

Addictions
are
dramas surrounding k-nots
To
unwind an addiction,
experience
all the feelings
validate
all the judgments
and
integrate all the forms.
http://calvaryslc.org/ministries/
addiction/images/have-a-nice-day.jpg
|
|
Tue, 18 Jan 2005
Incline Village
Trading Tribe.
Ed,
I will attend the trading tribe in the Incline Village once per month for
the next six months and then once every two weeks. I conduct research on
systems almost every day (my own). :) I'm willing to take the hot seat every
meeting (I want to).
What is the address/times of the next meeting? Please keep in mind I'm
coming from Utah and don't get to Nevada except once per every few years.
Please give good directions.
|
Thank
you for your interest.
Here
are your directions:
Go
to the Directory Page, and follow all the instructions.
|
|
Tue, 18 Jan 2005
Radial Momentum
Cone Lift
I ran across your website while looking for information on venturi pumps. I
was searching for venturi pump theory in an attempt to determine some
parameters related to orifice size in a short (3.2meter) solar chimney. I
have seen chimney draft inducers which are an inverted cone shape and was
wanting to apply same at the base of a short solar chimney. A Bernoulli
obstruction flow meter in reducing the area would yield a pressure drop (1/2
diameter location from textbooks), but this is not necessarily the largest
that could be obtained. if an inverted cone were placed at the base of the
chimney and the pressure tap were at the center, the velocity being
increased due to a reduction in area and diverted outward from the cone
shape- would the pressure drop be significantly increased from a comparable
simple orifice due to induced lift from the radial velocity (momentum?). If
so, given a chimney diameter what diameter inverted cone (45degree?) would
yield the highest pressure drop (this is very slow laminar flow (1.2m/s for
3.2m height for a given diameter chimney at approx 16degC temp rise)? It has
been a long time since I have been involved heavily with higher level math
and would be difficult for me to work thru some differential equations. I
also would wonder if there were some critical maximum diameter for a given
velocity in the chimney at which the radial momentum induced lift would not
reach to the center tap (laminar flow momentum much like stream functions).
any words or direction you could provide would be much appreciated. the
solar chimney-inverted cone device would function similar to a venturi pump
- swapping volume flow for pressure.

|
1. A solar chimney
intends to convert air flow energy into electric energy.
2. A draft
inducer does the opposite.
3. Putting a
draft inducer in a solar chimney merely places two very inefficient process
against each other.
4. Radial Momentum
effects appear in a small active area, just past the start of the expansion
zone. Your sketch shows a large low pressure zone over the cone. You might
more likely find the effect in a very thin ring right above the
circumference of the cone.
5. Radial Momentum
effects appear for high velocity flow (say, 50+ m/s and up) - that you can
get with pressure drops of, say, 10 + psi.
6. Your Solar
Chimney operates at about 1 m/s with very small pressure drop, so you might
have trouble finding the effect.
You
might consider taking your desire to get something for nothing into TTP as
an entry point.

The
Dipping Bird
appears
to run forever, for free
if
you don't count the heat
that
evaporates the water
on
the bird's beak.
Clip: http://www.exploratorium.edu/
snacks/dippingbird/
|
|
Tue, 18 Jan 2005
Composing a
Song
Hi Ed!
I'm having difficulties with an assignment on composing a one-page musical
score. I don't know where to begin or how to end it.
Once I have a
beat going I lose it. I think a lot of it has to do with my fear of
commitment. It's a pattern I see in many areas of my life. I start something
then stop when I start to get better at it. I'm having a hard time
understanding the reason I do this. I know you don't give advice but I am
asking for some insight into it.
Thanks again.
|
You
might take your feelings of "losing it" into TTP as an entry
point.
Alternatively,
you might try converting your feelings about being stuck into a score.

Music
is
just another form
of
experiencing feelings
Clip: http://www.artlebedev.ru/studio/
posters/music/music-800x600.jpg
|
|
Tue, 18 Jan 2005
Visit
Dear Ed,
Please accept an invitation to visit the [City] Tribe at your convenience.
We meet every two weeks and have just added a new member to give us seven.
Since we began over a year ago, the Tribe has been a catalyst for positive
changes in our trading and in our lives. Nonetheless, we still have a lot to
learn about TTP. In 2005, we intend to take our trading -- and the Tribe --
up to the next level. Your personal input would be greatly appreciated.
|
Thank
you.
|
|
Tue, 18 Jan 2005
Breathwork
Reflection
Hi Ed,
On reflection of the Breathwork weekend I had so many experiences. Some I
wanted, some I didn’t know that I wanted and others that I am still unsure
about. But I wanted to share one AHA with you and FAQ.
After hugging and saying good bye to you on Sunday, I walked to my car with
luggage in hand a little sad that the weekend was over and that I was
leaving for home.
But I threw my bag
into the car, waved, beeped the horn and drove off. Upon driving back to
Reno airport I look out the car windshield and I say “boy is this
windshield ever clear”. As a matter of fact it is so clear that I actually
touch it twice with my finger on two separate occasions just to confirm
there is a windshield in the car.
As I drive further
down the winding road it hits me, it isn’t the windshield that is clear,
but it is me that is clear. AHA, AHA, AHA!!! Words do not do justice to what
I experienced that weekend, Thank you.
|
OK.
|
|
Tue, 18 Jan 2005
One Less Whys
Guy
I know with myself I ask fewer and fewer questions of why. For me before TTP
I asked why so many times I couldn’t count them.
Not now, I just go
with the positive intentions of my feelings. The answers are always looking
at me in the mirror.
|
OK.
|
|
Tue, 18 Jan 2005
Tribe Report
Hi Ed,
I trust this finds you well.
At our first
meeting ... all 3 members are present.
As it was our first meeting, I believe it important that we spend some
time getting to know each other, getting to know the subject we were
going to be working with, and laying down the Ground Rules for future
meetings. (One of those Ground Rules - that there is no stipulated end-time
for our meetings - was relaxed for the first meeting, since that rule had
not been communicated earlier, and one of us had to leave by 9 pm.)
I was keen to not "push the pace" in this initial meeting, and had
decided that it was OK if we did not have any one on the Hot Seat on Day 1.
We started with a check-in, and then spent the next 4 hours talking about
ourselves, "getting to know" each other, and sharing experiences -
trading and otherwise - with each other.
I had prepared summaries of your webpage: "TTP - The Trading Tribe
Process" and your pollinator article "How to run a Tribe
meeting", and used these as references to guide the evening's
"discussion". (As an aside, I want you to know that I consider the
"How to run a Tribe meeting" an exceptional piece of work, and a
fabulous resource for a leader of a new Tribe. Thank you for it.)
Even though there was no TTP (read: "Hot Seat") at our meeting,
the discussion was very "feelings-intensive". At the end of it -
during check-out - each of us said he is keenly looking forward to a Hot
Seat session at the next meeting.
We have now decided to meet every alternate Wednesday at 5 pm. Our next
meeting is on Wednesday, January 19 2005.
I look forward to that meeting, and shall report to you on the experience.
Thank you, Ed.
|
OK.
|
|
Mon, 17 Jan 2005
Trend Following
Hi Ed,
Been reading your website and the Turtle Trader website and am considering
applying myself and learning the method.
I am an aspiring
trader and so not
very long on cash at the moment. I am hoping you might be kind enough to
provide me with some quick advice.
I cannot afford
the Turtle Training course for $1,900. I am wondering how much the Trend
Following book resembles the course??
Is it
the same principles but just all the important details left out? I am just
seeking your counsel on how to get started. I
appreciate your time and consideration.
-----
p.s. Some quick background on me is that I am currently trading methods
learned from Dr. Elder's, Larry Connors and Dave Landry's books.
|
FAQ
does not tell people what to do.
You
might consider what advice you might give someone who ...
 |
is
short on cash,
|
 |
can't
afford to pay for a course and
|
 |
trades
three methods
|
Following
a trading system may require living through substantial drawdowns.
You
might consider taking your feelings about being frugal into TTP as an entry
point.

Being
Frugal
sometimes
snaps over
into
its opposite.
Clip: http://www.notsosketchy.com/
frugal.jpg
|
|
Sun, 16 Jan 2005
Expectations
Hi,
I’m much more disciplined at following my trading signals when my system
performs within my expectations. Trading the system feels almost automatic,
like driving a car. I create this discipline for myself by back-testing my
system over hundreds of trades and basing my expectations on the back-tested
results. However, I’m trying to develop plan of action for when my
system performs unexpectedly.
For example,
historically, I’ve seen a Max. drawdown of 11% from paper trading, but don’t
know what to do if I experience a larger drawdown in real trading. Do I stop
trading the system, figure out if anything fundamental has changed, further
reduce position sizes, all the above?
I’m not asking
what I should do, but was more interested in what your thought process or
feelings are when something unexpected happens to you.
Do you try to
figure out if anything has changed, simply change your expectations going
forward, or do you simply have the mindset that anything can happen and
therefore have no expectations.
|
Your
back-test model does not seem to have any code to account for your
expectations.
In
your your actual trading, however, you do seem to take your expectations
into account.
Likely,
you are not actually following your back-test system.
If
you have strong feelings about what do about "surprising" events,
like drawdowns - you might consider taking them to your Tribe as entry
points for TTP.

Surprises
tend
to support existing trends.
Clip:
http://www.jameswjohnson.com/
vault2/96/96images/surprise.html |
|
Sun, 16 Jan 2005
More From the
Plunger
I just realized the being younger than me connection last night. I am never
jealous of rich people older than me. My mother was 13 years younger than my
father, hence the connection. This morning I purposely watched the show
Cribs on television. Cribs shows all of these young rich stars showing their
mansions. I am still cautious but since I figured out the young part of
being jealous of rich and young, I think the feeling has dissolved? Is that
possible? I had no feeling viewing the program. Maybe you guys can prod me a
bit to see what happens.
|
Watching
TV by yourself sounds like the DIM process. You might ask your tribe
to hot seat you about it.
Thinking
about jealousy is no substitute for experiencing it - and discovering its
positive intention.

Jealousy
supports
vigilance
in
guarding your mate
and
your money.
Clip: http://www.thejokefactory.org/
JF_pictures/Pictures_by_date/
2001/11_nov_01/jealous.jpg |
|
Sat, 15 Jan 2005
The Plunger
Hello,
The 10% commitment saved me in stock LPHI. The stock had bad earnings and
got crushed Friday. I actually have been only trading less than 8% just for
good measure. Most of my trades since my failure that I wrote about have
been at about 5% risk.
The plunge feeling came to me again and I want to buy many PNRA shares.
I did not know why again. I stopped and thought "I will not plunge
because I committed." and so I tried to figure out why I felt like
buying.
I was at the gym (Not in front of my computer screen Yeeehaaaa !) At the gym
there was the Worlds Strongest Man Contest playing on television. The 2 time
champion ... was on. Then he was on a commercial for MetRx a fitness drink.
Later I figured
out that I was jealous of [him] making all this money working out and
advertising a protein drink. Believe me the protein drinks did not make him
that big and strong, steroids did!
Anyway, my
jealousy is not just with traders but maybe rich people, especially when
they are younger than me.
At least I can think and find why I feel like plunging now. Also I call it
plunging like a bad thing now! Thanks for saving me some dough guys! |
You
might consider taking your feelings of jealousy into TTP as an entry point.

Plungers
There's
always another one,
younger
and richer,
pulling
up
Clip: http://www.factsfacts.com/
MyHomeRepair/images/toilet_plunger.gif
|
|
Sat, 15 Jan 2005
Radial Momentum
Ed,
I am sure the sailing community would be interested in your work in radial
momentum, especially sail makers ... Keep up the inspiring work.
|
Advances
in basic physics seems to take about 25-50 years to work their way into the
Church of Science.
Radial
Momentum Theory is barely 10 years old. It seems to be getting through
the denial and distain phase.
I
am receiving some serious inquiries and design questions from engineers.
For
more, see www.radialmomentum.com |
|
Fri, 14 Jan 2005
Reprint Risk
Management Article
Hi, the risk management article at your site amazes me further with each
read. Right now I have a link pointing to it at my site, but would like to
format the article for the sites structure and save it in the news /
articles section. Please let me know if this would be ok.
|
Any
sites may link to the materials on this site.
Commercial
sites may not copy or reprint or re-format the information on this site or
in any way imply any endorsement of their business by Ed Seykota or by The
Trading Tribe.
Note:
Businesses
that re-format these materials or imply endorsement by Ed Seykota or the
Trading Tribe - do so without permission. |
|
Date: Fri, 14 Jan
2005
Investing
Dear Mr. Ed Seykota,
... My question for you is whether you would be willing to accept me as a
new client of yours. Now I am fully aware that you have only had a small
number of select clients in the past (so I do realize you are likely to not
accept another one), but I would be so grateful if you would allow me the
opportunity to at least invest some money with you. Regardless of your
decision I do appreciate your time in reviewing this email.
|
Thank
you for your inquiry. You might have a look at FAQ for Jan
4, 2005, on Investment, for some rules of thumb. |
|
Fri, 14 Jan 2005
Finding the
Feeling
Here's a question I haven't seen on FAQ : Is there some "judo" way
to find a feeling that is influencing my trades?
Background - I do well for a while, then somehow find myself giving winnings
back. It isn't because I am dumb, it isn't because I don't work very
dedicatedly to research trading vehicles and trends, it isn't because I
don't have a working, profitable, follow-able system. But after I do well
for 2 days to 2 weeks, I inexplicably (to me) mess up and "give
back" money.
It is as though I
don't feel that I deserve it. This takes many forms, from bad trades outside
my system to typos when entering orders to physically losing cash by
dropping it on the ground. Such behavior has followed me in some form all my
life, in a hundred different ways. My conclusion that "I don't feel
that I deserve it" isn't from psychotherapy, just from objectively
looking at the bottom line of my spreadsheet. The results are plain fact,
and I can no longer attribute it to "bad luck".
Now, my problem today - I cannot find any physical feeling associated
with this to take to my TT session. I didn't have intentionally toxic
parents, I cannot recall anyone ever telling me I don't deserve to win. In
the rest of life, I have a reasonably strong self-esteem. I feel pleased
when a trade works as I intended, I don't seem to have anxiety over the
profits ... But in the next few days, for no apparent reason, I
"disappear" the winnings.
I am annoyed,
depressed, and angry after those specific losses although other losses
from the normal course of trading don't bother me a bit. If I acted
according to my plan and got whipsawed this time, that's just part of the
game.
Back to my question : Any clues on how to find this Fred feeling that causes
me to do stupid things after I get ahead?
Thanks,
|
You
might try taking your annoyance, depression and anger into TTP as
entry points.

Anger
is a Feeling
Violence
is a form of drama
that
associates with
unwillingness
to experience anger.
Clip: www.pp.okstate.edu/
ehs/KOPYKIT/ANGER.HTM
|
|
Thu, 13 Jan 2005
Trading Tribe
First Meeting
I prepare by reviewing the TTP philosophy and structure. The meeting
place is readied and invitations are confirmed. I feel excitement and
anticipation at the embarkation of a new adventure. The candidates arrive
and check in begins.
Seven of us
discuss our concerns, interests and backgrounds. Feelings and Ideas appear. Clarities
are attained. Group welcomes first volunteer for the hot seat. Sending
and receiving appears.
Everyone
participates and gathers experience. Three candidates notify group of issues
that require permission to leave. Session is broken for departure and
regroup. Feelings settle and refreshments are enjoyed.
We resume hot seat
session. Forms are amplified, demonstrated and clarified. Feelings are
explored in depth. Forms are polarized and integrated. Skill and empathy
is practiced in both sending and receiving.
I feel gratitude
and appreciation. Sender experiences a greater peace and shares how the
physical sensation clearly indicates an emotional trigger. AHA is shared.
Informal
discussion of commitment and calendar is shared. Four candidates
commit to further trading tribe meetings and philosophy. We all pledge to
our turn in the hot seat. Trading tribe appears. Four members. Two
Americans, two Canadians. Three male, one female. All welcome and honored.
Meeting ends. I continue my study and work to enrich the meetings, group and
myself. I contribute. Regards.
|
You
might try re-writing one of your paragraphs in SVO-p. The subject
seems to disappear every time it's you.
You
might consider taking your feelings about being a leader into the process.

Leaders
Have to Be Willing
to
butt heads
once
in a while.
Clip: http://www.hmz.stuph.org/
ranimg/leader.jpg
|
|
Thu, 13 Jan 2005
Trend Trading
Consultation
Dear Chief: Ed Seykota,
Do you do money management for others?
I am fascinated by what I perceive as an ability to make fantastic returns
by following strictly certain learned rules.
According to what
I am reading, you ... have achieved over a 30 year period returns of
[percent] net of fees. That's awesome.
I would like to have you manage some money of mine.
What is your minimum amount that you require from investors?
I have a very urgent need to get your expertise. I have metastatic cancer,
and according to statistics [which I don't believe] I have less than 24
months to live.
I need to invest money to take care of my family.
Your track record gives me great comfort as to your returns and integrity.
I am a former teacher [more than 40 years ago] and would love to learn the
trend following method.
I am a perennial learner. There isn't enough time in the day to be
aware of all the fabulous occurrences that are happening.
Life is magical. I still get a thrill from each sunrise and sunset.
|
If
you are clear you are mortal you might consider focusing on how to enjoy
what you have, while you can still enjoy it.
For
example, you might think of your three favorite things to do and see if you
can do them every day.
You
might consider other dimensions of taking care of your family, like
connecting with them and sharing a little love, now.
That
can provide another form of inheritance that you may pass along to them,
right now, while you can enjoy the giving.
A
long-term plan to increase wealth, particularly one with high short-term
volatility, might not fit well with your current situation.

You
Only Get to Die Once
So
you might as well
make
the most of it.
Clip: kenny.smoovenet.com/
originaldrawings.shtml |
|
Thu, 13 Jan 2005
Receiving at
First Tribe Meeting
Hi Ed,
... I attended the first gathering of the [City] trading tribe. We had seven
people in attendance. Three of the seven were unclear about the TTP process
and thus we spent a couple of hours on check-in discussing the intent and
mechanics of TTP. After this discussion the group agreed to get started with
someone on the hot seat, and the sender began.
The sender was
interrupted in the middle of his process when the three tentative attendees
had to leave, and I am curious about whether this was reminiscent of
some theme related to the sender's entry point. I didn't think to ask
that question then, but will do so.
I felt very privileged to be with this group of people. I am thrilled to witness
myself participating in the gathering of people who are actively
practicing taking responsibility for their feelings and actions.
I know this is
what I want more of in my daily life, so manifesting 4 committed members and
a place to meet within practical driving distance tells me I am getting
clear in my intentions. The member who took the hot seat has a
near-photographic memory, also, and is great at mentally pulling out
information related to questions that arose in check-in regarding
process.
He inspired me by
risking taking the hot seat despite our having some attendees who were
unclear as to whether they wanted to be present or not. I intended to be
the best receiver possible to help open the space for him to maximize his
experience. I became aware of a fuzziness in my understanding of how
to be an optimal receiver once we started intensifying the form that his
moves were creating.
This lack of
clarity within myself as I was acting as a receiver informs me
that popular themes for me are "not being good enough", "not
knowing enough" and "not being sure of myself". I wanted to
be totally present for him and kept bouncing back into analysis of
whether I was doing a good job of being there for him. I want to do it
better. I want to learn more. I want to keep going with this process. I will
take all of this to the hot seat when we meet next, near the end of the
month.
As I sit and review our first meeting to summarize its results, what comes
to me is simply that I am very grateful. We began our group. That is good.
So many under-Fred nudges have occurred to guide me to this moment in my
life. I will keep stepping forward to confront (join with) this process
since it clearly encourages me to "stay awake", in the largest
sense of that concept I can imagine.
Thank you for birthing this "hobby" of yours into something beyond
borders. I join with you in the intention that some day we will experience
it as a passing AHA.
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New
Tribes typically spend a few sessions exchanging thoughts and opinions and
information.
As
you progress, your Tribe may become more facile with experiencing feelings.

If
Your Sender Starts Analyzing
his
own thinking
encourage
him to do it even more.
Clip:
http://www.rhs62.org/Misc%
20Pics%20and%20Jokes/
Kids%20Thoughts%2005.jpg
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Wed, 12 Jan 2005
What Should I
do ?
Mr. Seykota,
... I am currently a Marketing Analyst at an Internet company in New York .
Less then 2 years ago I graduated from the [University] with a degree in
economics. After graduating I still was unsure of what career path I was
interested in. I knew I liked numbers and business, so I decided to work for
this Internet company. Currently, I am doing marketing analysis and I do
like it. I love that the company is new and there is a huge potential for
growth. It is just not my passion.
If you haven't stopped reading by now you are probably thinking, "Why
do i care?" or "What does this kid want from me?" Two
thoughts that I probably would be thinking as reading this.
I have recently
been teaching myself about all types of markets. I have been reading various
books on how to invest and how to trade. I have especially been interested
in ForEx trading. I read "Trend Following" by Michael Covel and
was very interested in your biography. I always say, I can read all the
books I want but if I do not apply it to real life it all means nothing.
I am a 23 year old, with the desire to learn how to trade. I do not have the
money to enroll in classes and I have a minimum amount of money to invest
myself. I have the desire and the capability to become a great trader but
currently do not have the correct direction. The resources that I have are a
few books and the ability to ask a professional. Where do i start? If you
were in my shoes, what would you do?
I understand that this is a broad question and there are probably many young
people with the same questions. The only thing I can do right now is ask the
people who have been where I am and now are very successful like yourself.
Thanks for taking the time to read this. If you could give me any advice
please e-mail me back at [address]
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FAQ
does not tell people what they should do.
If
I were in your shoes, I would likely notice they don't fit, take them off
and return them to you.
You
might consider joining or forming a Tribe in your area. See the link
above.

Hmmm
...
What
Shoe'd I Do Now?
I
don't know, I'm following you.
Clip: homepage.ntlworld.com/
matthew.overment/holland/
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Wed, 12 Jan 2005
Frustration
Ed
I find myself very frustrated with the sales industry that I work in.
The industry has developed a situation where the customer is best served by
being totally self centered at the expense of any loyalty he may have to a
previous sales associate.
At the same time
the sales associates are best served by totally taking care of themselves
and putting the needs of the customer second. Serving themselves and not the
customers, which is contrary to what is right.
This is nothing new, I have been in the business for a long time. And it has
always been my beef. I have wanted to bring in up in the tribe, but I always
seem to find clarity before the meetings and realize that there is nothing
wrong with everyone looking out for their best interests.
The rules of the
game are the rules of the game. As I type this to you I think I may have
answered my own question, I may be struggling with a right livelihood issue.
Which is my issue not the industry.
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You
might take your feeling of frustration into TTP as an entry point.
You
might find frustration has something to do with knowing what is right and
wrong for others to do.

Frustration
depends
on you
thinking
something
"should"
be different
than
it is.
Clip: http://www.working-well.org/
articles/frustration_1.html
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Wed, 12 Jan 2005
Positive
Thinking / Empowering Beliefs
I wonder what you think of positive thinking, such as this from [a famous
positive thinker.]
-----
So now that we know what our beliefs are, how can we go about changing them?
You define new ones. Once you know what you don’t want it is easier to
understand what you do want. The best way to describe the process of
changing a belief is through example. So let’s take a common problem, lack
of money.
· What is the don’t want? - I don’t want to be poor.
· What is the limiting belief? - I have always had to struggle for money. I
am not worthy of success.
· What is the want? - I am financially sound, I have money in the bank and
I buy what ever I want.
· What is the empowering belief? - Making money is easy. I am
successful and I accomplish whatever I want.
It sounds simple, and it is. But we have to go through the deliberate
process of taking our limiting beliefs and redefining them into
empowering beliefs and positive wants.
Once
you go through this process you can move onto the step of implementing your
empowering beliefs into your life.
|
If
holding a thought of success were enough to produce success:
 |
All diets /
exercise programs would work.
|
 |
People would
stop fighting with relatives.
|
 |
We would
attain world peace.
|
Purveying
positive thinking is a fine way for many "opti-mystics" earn
a living.
People
are already getting exactly what they want. Attempts to change
behavior by "positive thinking" go against the grain.
If
you wish to discover right livelihood and move toward it, you might consider
taking the feelings of the judgments that define positive and negative
into TTP as an entry point.

Positive
Thinking
may
lead to drama
that
features pleasant illusions.
Clip: http://volker.dnsalias.net/Jokes/
image/general/positive-thinking.jpeg
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Tue, 11 Jan 2005
Responsibility
Hi Ed,
I had some questions on accepting responsibility. From what I understand the
main point of accepting responsibility of results, versus blaming others, is
to ensure that you are in position to take charge of your life and make the
necessary changes to do so. The opposite of that is to be a victim and blame
others, blame the system, blame your parents, etc.
In a world where it is quite accepted to blame others, are we doing
ourselves a disservice at times?
For example, if
you look at some of these T.V. reality shows like the Apprentice, if you
don't defend yourself and blame others for overall failure you will be seen
as weak and will probably be kicked off the show. In real life, if you end
up in court for some reason, would it not be wise to take arms and start
blaming versus accepting responsibility?
All in all, is it
only good / safe to accept responsibility in private, versus accepting
responsibility in public or if there are financial ramifications to
accepting blame?
In my life, I have adopted this philosophy as to accepting responsibility. I
feel by doing so, I will be inclined to look for any errors I might have
made, decide on the correct action for next time and learn a thing or two
about myself.
During heated
moments with family members, I have noticed that my acceptance in
responsibility usually results in me being the fault bearer as everyone as
deflected all the blame from themselves. (By the way, I am including an
instance where I wasn't even participating with the conversation / argument;
I was just in the room with the opposing parties.)
Thanks for the opportunity to receive a reply.
|
In
the responsibility model, there is no cause, no fault and no blame.
Fault
and blame are notions that derive from the causal model.
The
causal model typically identifies two events that happen around the same
time and around the same location.
The
first event becomes the cause and the second, the effect.
If
someone runs into your car, they cause the accident and it is
their fault.
In
the responsibility model, we consider that, at the moment of impact, the
positions and velocities of the two cars is the "current evolutionary
solution" of a complex network.
This
network includes all the stoplights the two drivers encounter on the way to
the "accident," all the other drivers that interact with them
along the way, all the people and events that have to do with accounting for
the positions and velocities of all the other cars on the road prior to the
"accident," etc.
In
short, the network, and thus the responsibility for the "accident"
includes everything.
The
causal model, even though logically indefensible, is culturally
important.
The
causality model supports the notions of blame and guilt. These, in
turn, support enforcement our basic societal institutions like law and
politics.
The
responsibility model works well in small intentional communities, like the
Trading Tribe.
If
you try to impose Responsibility on the world at large, expect resistance.
Trying
to impose Responsibility on others is just another form of drama.
Proselytizing
TTP is drama.
To
view the causal model from the responsibility model, you might try seeing
the causal model as just some more stuff that evolves along with everything
else.
Then,
you may simply choose to go with the flow or against it.
TTP
is an exercise in celebrating the flow, no matter what's in the flow.
In
the case of your family quarrels, you might acknowledge the role you play in
creating them.
Typically,
people who harvest blame do so in order to justify feelings of guilt.
You
might consider taking your feelings of guilt to a Tribe meeting as an entry
point.
Perhaps
you might discharge some of your motivation to engage in dramas
ranging from trying to change your family all the way to trying to change
the world.

Q:
How many people does it take
to
change a light bulb?
A:
The change, if it occurs,
is
the result of the collective intention
of
everyone on planet.
TTP
practitioners
test
for willingness to change
before
applying encouragement.
Clip: http://www.omnis.net/develop/
resources/faqinfo.html |
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