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March
28 - 31
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Previous
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Questions
(Quotes
from Ed in Red)
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Answers
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Thu, 31 Mar 2005
I Would Like to
Join
What do I need to do?
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See
Tribe Directory, above. |
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Thu, 31 Mar 2005
Truth
See: Uncomfortable
Ed,
hope all is well. I have a question regarding the posting
"Uncomfortable" on March 24th 2005. You say: In TTP, telling the
truth sets you free.
The way I understand this, not telling the truth is a way to ignore
feelings. Once I state the truth, I can see what feelings arise and take
these feelings into my tribe meeting and therefore resolve this issue. Do I
understand this concept correctly?
Thank you
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The
truth we seek is the knowledge of how to apply ourselves toward right
livelihood.
K-nots,
protect us from truth and keep our lives in drama.
To
untie k-nots, fully experience whatever appears in the moment.
A
Tribe provides an environment in which to experience forms and untie k-nots.
Accessing
truth is difficult by yourself, since k-nots self-protect.
You
Can Twist and Turn
your
k-nots
by
acting them out
as
dramas.
You
can untie them altogether
by
experiencing them.
Clip: http://www.mit.edu/~kardar/
research/seminars/knots/Introduction.html
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Wed, 30 Mar 2005
Book
Ed:
A wise man stated that his book would be out "the end of March."
Tomorrow is that day. Please let hungry minds know how to order ... the
book, that is.
Do not let them
treat you like Socrates. Remember that quote from Jonathan Swift's Thoughts
on Various Subjects, Moral and Diverting:
When true genius appears in the world, you may know him by this sign,
that the dunces are all in confederacy against him.
Thanks for your work. |
You
may order the book on March 31.
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Wed, 30 Mar 2005
Wants Trading
Resources
I am not a trader. I was recently introduced to the idea by a friend whom
attended a class of some ...
He was charging $
6,000 to teach 3 - one day courses in trading. I almost believed that he was
legitimate except he told so many white lies as to who he trained under and
the extent of his experience.
I was able to
dissect to some degree that they were untruths. So, I did a Google search,
found ... the Michael Covel book, learned about Ed Seykota ... hence your
email addresses. I would like to to learn how to trade.
I need a resource.
Perhaps you can recommend a school, books, or other resources.
Sincerely,
|
FAQ
does not endorse people or commercial products. See Ground Rules.
You
can find a wealth of information about trading, all for free at www.turtletrader.com
You
seem to be asking what to do.
A
substantial part of trading is knowing what to do.
You
might consider taking the feeling of wanting to know what to do to a
Tribe meeting as an entry point.
A
Wise Man Knows His Teacher
may
be a fraction
of
his own age.
Clip:
http://www.math.uiowa.edu/
~ilcho/advisor.jpg
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Wed, 30 Mar 2005
Secret Issue
Dear Ed,
[ .....
.....
..... .....
.....
]
Have you ever been
in this situation? Probably not. Ed, I just don't know what to do.
Thanks for listening.
I understand all emails sent to you are yours to publish, but I would
appreciate it if you didn't include this on your site. |
You
might consider intentionally going for a whole day without communicating
anything to anyone.
You
Have The Right
To
Remain Silent
http://www.10-7.com/humor/
photopages/you%20have%20
right%20to%20remain%20silent.jpg
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Wed, 30 Mar 2005
New Tribe
Hi Ed,
I want to let you know that we have a tribe in [Place].
I have a request as far how to post this contact. I do not want to put my
name on the Internet, so please post the email address only.
I also want to invite you here. We may benefit greatly from your presence
and guidance.
And also thanks for doing all this. Those meeting are the most meaningful
thing I have ever done. They give me hope. I figured state of hope is
thinking about the future and seeing it the way I want.
In other words it
is aligning the intentions with ... hmm.... with what ? I had a thought, but
it escaped.
Hope is the state
of liking my intentions. I like it.
Thanks again.
|
To
appear in the Tribe Directory, follow the instructions at the link above. |
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Wed, 30 Mar 2005
Functions
Hello,
I was wondering if you will be having any trading tribe functions this year?
Sincerely,
|
See
FAQ Index page for information on the May 6-7-8 Workshop.
I
occasionally host special events for Workshop graduates. |
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Wed, 30 Mar 2005
Typoglycemia
Hi Ed
Given (a) your interest in the correct use of English and (b) your comments
on spelling in March 17 - 27, I thought you would like to see this piece on
Typoglycemia.
I cdnuolt blveiee taht I cluod aulaclty uesdnatnrd waht I was rdanieg The
phaonmneal pweor of the hmuan mnid Aoccdrnig to rscheearch taem at Cmabrigde
Uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the
olny iprmoatnt tihng is taht the frist and lsat ltteer be in the rghit pclae.
The rset can be a
taotl mses and you can sitll raed it wouthit a porbelm. Tihs is bcuseae
the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe.
Such a cdonition is arppoiately cllaed Typoglycemia -
Amzanig huh? Yaeh and yuo awlyas thought slpeling was ipmorantt."
|
I
wonder which of the various permutations of
rdanieg
you
might recognize, out of context of the rest of the sentence. |
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Wed, 30 Mar 2005
Phillip
Larkin
Hi Ed,
I am really interested in this line from the great English poet Phillip
Larkin.
An only life can take so long
to
climb clear of its wrong beginnings,
and
may never.
-- Phillip Larkin, Aubade (1977)
Do you agree with the climbing analogy?
Should we take an "ah well" approach to the "may never"?
I would appreciate your thoughts.
|
The
climate clear of FAQ
ne'er
declares what's best for you.
We
judge thee k-not, sir, nor do we
should
upon thy poet-tree.
To
To Climb a Poet-Tree
it
helps if your own limbs
are
Longfellows
Clip: http://book_bg.home.att.net/
Poet/
PP023.html |
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Tue, 29 Mar 2005
S&P
Exponential MA
see Stock Market
Programming
March 25, 2005
Dear Ed,
For some unknown reason, this morning as I was on the train to work, I had a
sudden urge to do the EMA exercise you posted on 3/24.
And so I just did
it. I am amazed at how efficient I am, and before I know it, I get it done.
I haven't had this sense of motivation for a long time. I mean it isn't a
complicated exercise, but it means a lot to me.
I feel like a
basketball player who has somewhat lost interest in the game, and then
somehow from playing a game of HORSE he regains some of the enthusiasm he
used to have with the sport.
It just shows me
how much I can accomplish when I have a definitive goal in mind, and when I
am fully committed without a bit of doubt!!!
So here I am to ask if you have another project? Thanks!
-----
Regarding the SP-EA backtest, I have made three subjective interpretations:
1. The S&P cash index has open always equal to previous close.
Therefore, I use SPY (the ETF) instead.
2. Because the value of 1 share of SPY changes over the last 11 years, I
use an $1000 investment every time I have a signal. (I have it in the code
where I can easily change to 1 share per entry)
3. I am not clear on your definition of compounding return.
Is the former
log(P1/P0)/n-1 where P1 is the Portfolio Value at the end of the run, P0 is
the initial value and n the number of years? And with the drawdown percent,
what will be the denominator (since it is a percent)?
So what I have
done instead is use the final P&L (how much money made) divided by the
largest drawdown. Since the trade size remains constant throughout the
period, I hope the result is similar enough.
I go from 3/28/94 -> 3/25/05, and a dual MA from 5 to 300 (increment of
5).
The top three
combinations are 150-210, 105-275 and 110-265. (Please see the enclosed
spreadsheet) I've plotted it on a 3D-chart. It seems there's a region (bold
area in the Excel sheet) of relatively high bliss.
Ooooops, I just re-read the project requirement and I notice you are
actually asking for single moving average. OK, let me redo it here:
For single MA, the top three combinations are 260, 265 and 250. (Also in the
enclosed worksheet)
|
Consider
an annual return of 25%. We have:
|
Year
|
Equity
($)
|
|
0
|
1000.00
|
|
1
|
1250.00
|
|
2
|
1562.50
|
|
3
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1953.13
|
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4
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2441.41
|
|
5
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3051.76
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Total
return:
$2,051.76
over five years
Total
Percent Return:
205.18%
per five years
Average
Annual Return:
41.04%
per year
Compounding
Annual Return:
25%
per year
If
your largest percent drawdown is 50%, then your frequency is 25% per year
over 50% = .5 per year.
That
is, you earn back your largest drawdown .5 times per year.
-----
See
the Resources link, above, for more exercises.
|
|
Tue, 29 Mar 2005
Richard Dennis
Interview
Hello Ed,
The reader who reported on the recent Richard Dennis interview and his
apparent conversion to a fundamentalist approach left out a revealing
statement Mr. Dennis made in the same interview:
I've done my share of talking myself out of systems that would have
worked for years.
Seems he's up to it again, and half knows that he is. |
I
suppose Richard could join a tribe and work on his k-nots, with the rest of
us.
K-nots,
There's Lots.
The
Trading Tribe:
another
system that works.
Clip: http://www.mspong.org/
cyclopedia/images/knots.jpg |
|
Mon, 28 Mar 2005
Penny Stock
Hello Ed,
#1 Have you any
experience in trading stock below $1.00, or know of anyone who trades it
consistently ?
#2 How is one to
get hold of your book ?
#3 Will your trusty
word processor be leaving now that the book's done?
#4 Are you a very
emotional person compared to others you know?
#5 Systems do not
take the emotions out of trading? |
1
- Penny stocks can be expensive
2
- Watch for information on Mar 31.
3
- TWP can help with research.
4
- Everyone I know is emotional.
5
- Trading has no emotions. Systems have no emotions. Traders have emotions. |
|
Mon, 28 Mar 2005
Update on
[City] Tribe
Hi Ed,
I notice that our intentional community is "Gray" in your
directory indicating Verification before December 2004.
We now have 3 members. Please update the directory at your convenience.
Membership:
2, 4, 5, 6, 4, 3, 2, 3
Up,
Up, Up, Up, Down, Down, Down, Up ...t he shakeouts in our membership is
volatile, but our Intentional Community is willing to have it go up and
down.
-----
Ed says: I am planning to bring up a chart service
about mid-year.
If you do not mind, can you please elaborate on this plan. As this seems to
contradict the Ground Rules.
FAQ
does not ... offer instrument-specific trading advice, or recommend specific
trading system parameters
Is
this charting service in a separate website exclusive of FAQ?
Thanks! |
You
are back in the black.
The
chart service intends to be educational, not recommend-ational.
If
You Want My Advice
get
rid of all your advisors
including
me.
Clip: http://www.aperfectworld.org/
4003.htm
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Mon, 28 Mar 2005
Trend Following
Course
Is there a course that is available that teaches your method of trading? |
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Mon, 28 Mar 2005
Tip for
Authors: Get a Platform
Hi Ed,
from today's WSJ. This might apply to your forthcoming book.
-----
Get a Platform
By JEFFREY TRACHTENBERG
Staff Reporter of
THE
WALL STREET JOURNAL
March 28, 2005; Page B1
Every writer wants his or her name on the bestseller list, but these days it
helps to have a proven following. T. Harv Eker, who hosts
"success" seminars, recently pushed his first book --
"Secrets of the Millionaire Mind" -- to the No. 1 spot on this
paper's business-book list just two weeks after it was published.
"Secrets" shot to the top without the help of Oprah or a major
marketing campaign. Instead, Mr. Eker has succeeded thanks largely to a
"platform" -- industry lingo for a regular column, frequent TV
appearances or recurring speaking gigs that allow an author to pitch to a
ready-made audience.
In an industry that rarely spends big money to promote the titles it
publishes, authors who have their own following are in huge demand.
And indeed, an increasing percentage of nonfiction books sold these days has
a platform attached, says Lorraine Shanley, a principal at the consulting
firm Market Partners International Inc. Such writers are more attractive to
publishers because they can generate media exposure and free publicity.
"It helps if you have a built-in audience," she says.
Mr. Eker, for example, has made good use of the 100,000 e-mail addresses
that he has collected since 2001 from his various seminars. Prior to the
publication of "Secrets," he sent out an e-mail blast explaining
that the book was on the way. He then followed with a second e-mail
announcing that "Secrets" was available for sale online and in
bookstores.
He also promoted
the book to those attending his seminars, and then parlayed interest in his
talks by printing an offer of two free tickets to an intensive weekend
"Millionaire Mind" seminar on the front of the book's dust jacket.
Those who want to take advantage of the offer have to show proof of purchase
of the book.
The authors of these popular books promote the titles at regular public
appearances.
"I have a following of supportive and loyal people who are looking to
succeed in their life, and they tend to resonate with the message that I
provide," says Mr. Eker, who estimates his seminars have attracted
about 250,000 people. Barnes & Noble Inc., the nation's largest book
retailer, recently set up shop at one of Mr. Eker's seminars in Seattle. The
retailer sold 900 copies that night alone. The book now ranks seventh on The
Wall Street Journal's business list1.
Mr. Eker's agent, Bonnie Solow, president of Solow Literary Enterprises Inc.
in Santa Monica, Calif., says such results underline how the nonfiction
publishing business has changed. "Today I need to know your
credentials, your speaking calendar, your media contacts, and whether you
have an active Web site," she says. "If you want a serious
book deal, those matters have to be answered in the affirmative."
At a time when U.S. book sales are basically flat, the focus on platforms is
a byproduct of strained publicity budgets. Unlike the Hollywood studios,
which put trailers in theaters months in advance for upcoming releases,
publishers don't do much to tout their own titles in advance. Readers rarely
know about a new book until they read a review or see an author on TV.
This promotion
void makes authors with their own drumbeat, especially in such nonfiction
arenas as spirituality, how-to, and finance, more desirable.
"Only a small percentage of books published get any advertising,"
says Carol Fitzgerald, president of the Book Report Inc., a closely held
company that operates book-publishing-related Web sites. "The sales
expectations of many books don't warrant any, given the costs
involved." Ditto for author tours. This explains, she adds, why so many
TV personalities have book deals: Publishers want to know where an author is
going to promote his book and to whom.
One of publishing's hottest stars today is evangelical minister Rick Warren,
who has used his network of admiring pastors and like-minded churches to
sell more than 21 million copies of the spiritual guide "The
Purpose-Driven Life" since it was published in October 2002.
Joel Osteen, senior pastor of the Lakewood Church in Houston, has used his
pulpit and TV exposure to turn "Your Best Life Now," published in
October, into a national bestseller with 2.5 million copies in print. The
book is listed prominently on his Web site, joelosteen.com2, as well as a
schedule of upcoming book signings and speaking events. The television
evangelist says he has 28,000 people in the pews each week, as well as a TV
audience in more than 100 countries.
Others generating significant book sales include Jeffrey Gitomer, author of
"The Little Red Book of Selling: 12.5 Principles of Sales
Greatness," which now boasts an estimated 235,000 copies in print after
being published Sept. 6. The book has so far hit the business list at the
Journal 20 times and owes much of its rise to the author's platform, which
includes marketing seminars, a syndicated business column and a free weekly
e-newsletter that reaches an estimated 82,000 people.
Ray Bard, publisher of Austin-based Bard Press, which published the title,
says that one of the things he looks for is the ability of a new author to
generate public interest. "If you have an e-zine or a seminar business
it helps get the book kicked off right," he says.
Some experienced authors say they're filling a vacuum created by mainstream
publishers who refuse to invest time or effort in ensuring that the books
they publish gain traction with readers. "They print your book, they
get it into a bookstore and they sit back and wait and look at their
computers and ask, did he sell any books today?" says Mr. Gitomer, who
has written three other titles. Bard Press, he adds, has been an exception
because it succeeded in getting books into the stores in a timely manner.
"I learned a lot of lessons thinking other publishers would help
me," says Mr. Gitomer. "The only thing funnier than that was Woody
Allen live in the 1970s."
Write to Jeffrey Trachtenberg at jeffrey.trachtenberg@wsj.com |
Also
important, in the long-term, is to say something worthwhile between the
pages.
Relying
Solely on a Platform
to
advertise your wears
can
lead to sore toes
and
a backache.
Clip: http://www.ineedshoes.com/images/
652-BAMBI.JPG
|
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Mon, 28 Mar 2005
Testimonial
I like to pass psychological kidney stones. Thank you p-k-s for the AHA!
Sincerely, |
The
formation mechanisms for Calcium phosphate and calcium oxalate in the
kidneys may be, at least partially, under Fred's control.
Along
with other conventional remedies, you might try taking your feelings about
the stones to your Tribe as an entry point.
Well
Mr. Osborne,
it
may not be kidney stones
after
all.
Clip: avconline.avc.edu/faculty/
slangjahr/tidbits.html |
|
Mon, 28 Mar 2005
Re:
Uncomfortable (FAQ 3/24)
Dear Ed,
I take your suggestion and start trying to say the new sign, "I do not
like feeling uncomfortable. When I feel uncomfortable I like to blame it on
others."
I say it and I notice my feeling. I feel funny. It sounds hilarious. I
smile. I laugh.
I don't know why (well, knowing is optional) - I thought I'd feel
"uncomfortable" about those words about myself. After all, my 2005
proclamation is to take responsibility, and that's like a slap in the face.
But I actually feel OK saying those words. The way you phrase it, it just
feels so funny to me, and I notice that's actually what I've been doing.
At first I wonder if it means I am born to blame others, and that it will go
on forever. As I keep saying it, an aha pops up - the corollary seems to
be if I feel comfortable, I don't need to blame others. And so just like
the statement itself, when I feel comfortable about saying it (actually
laugh with it), I don't blame anyone but just appreciate learning about my
true self.
Thank you Ed!!!! I am here to make a commitment to keep saying it daily for
two more weeks, and notice what else comes up. This is great stuff!!
I still have a grin on my face. Thanks.
|
Whatever
you experience disappears.
Disappearance
Count
the men and watch
as
one disappears
and
then reappears.
When
you fully experience
this
puzzle,
it,
too, disappears
as
a puzzle.
Clip: www.crazy-jokes.com/
Tricks/disappearing.shtml |
|
