(Quotes from Ed in Red)

Ed Says

according to this paradox, if you change from bet red to black, you will end making money?

How can I apply this theory to a 2 losings systems that have an expectation of −X% ?

and if you have 2 wining system with an expectation of +X% periodic alternation also work ?

Thank you very much for your help

You might consider that the optimal bet size for your system might be 0.0%

Dear Sir,

I have read your interview in the Market Wizard and I really believe what you said "Market gives me what I want".

I am going through your FAQ in your website  and I am not able to understand by what you have said "The Holy Grail turns out to be a stopwatch".

Can you explain me what do you really mean by that Sir?

Eagerly waiting for your reply.

I wonder if you can identify the item by date and title.

Hi Ed,

I see from the FAQ that there is an interest in extending the TSP. I would love to be involved in a collaborative effort extending the TSP. I have completed the exercises some time ago and have submitted results and questions to the TSP when it was active.

The optimizations I arrived at used static parameters for the EMA crossover system (80 day slow and 40 day fast) and a bet fraction of 0.005. The system would choose stocks with the fastest moving 40 day EMA (highest derivative). The system works well for me. I would like to extend the system to allow for EMA crossovers and a bet fraction that are specific to an instrument. I have run optimizations that took a few months to complete running 24/7. After burning up seven servers I have discovered that water cooling works well.

The static parameter system I use works well, thus I have issues with motivating me to seek out improvements.

I work well in a team environment but left on my own I tend to grow interests in other distractions.

I am struggling with finding people to collaborate on extending the TSP. One issue is in validating results. Finding logic errors in ones own work are very difficult (system work until they don't).

I have attended three Tribes in the southern USA and have currently started a Tribe in my locale. Another challenge I face is in finding members that are technically sophisticated to be able to understand simple trend-following.

The TSP project is a great spring board I would enjoy in extending the project. I do require feed back for motivation -- a project manager or a tail twister. Any suggestions?

I wonder if you are willing to send me an outline of a chapter you might like to prepare.

I attend a tribe meeting in Austin. One member, a business owner, wants to increase income. A suggestion to raise prices is discussed, he resists the suggestion, citing the wish to provide good value, and not overcharge. We discuss that clients should decide what they will pay, according their perception of value. I see a larger issue here for me around self worth and valuing one's own work.

Another member brings up an issue around resistance to taking risk. As the tribe works through this, an issue of father acceptance is found. We role play through a vivid child hood example, and discuss new ways to handle perceived rejection. And Ed discusses that moderating risk taking is likely appropriate at this time for the applicable market.

You might consider taking your feelings about <sharing your feelings> to Tribe.

Thanks again for lunch and the demonstration of radial momentum and the theory that goes with it. I find the computer simulation you show to be extremely valuable and thought provoking. I appreciate the power that comes with viewing situations in terms of systems and their dynamics rather than simple cause and effect vectors.

Thank you for your encouragement.

Hi Ed

I want to share what I believe is a moment of success in strive to intimacy.

My eldest son and my daughter were arguing with each other. I stop them. I ask them what is going on.

My daughter says that my son has hit her.
My son shouts "That's because you hit me"!

I realize that we need to share feelings. I ask my daughter how she is feeling? She doesn't say anything. I try again, I ask her if she feels happy or sad. She says "sad"

I ask my son how he is feeling. He says "I feel sad" I say "I feel sad that both the children I love are fighting." I ask, "How do you think we can all feel better?"

My daughter says "Say sorry?" I say "Yes, lets try it." My son says "Sorry Alyssa" My daughter says "Sorry Tristan" This seems to resolve the situation.

I feel amazed, I realize how really powerful sharing our feelings is in creating intimacy and understanding.

A7pamfUfIvw/s400/sad.png

Looking back It seems I have engineered a situation where my wife's role is to not receive and my role an attempt to control her in order to send.

Ed, as usual I would appreciate your thoughts and point out were I am going wrong in my journey down the road to intimacy.

screaming-thumb.jpg

Dear Mr. Seykota,

I hope you are well with you today.

I am a post-graduate Structural Engineering student at the University of ..., and I have a few questions regarding the applications the principle of conservation of Radial Momentum.

First of all, I would like say congratulations on developing your theory and model to your satisfaction. Your website and papers have been a joy to read over the years, and with my Engineering background I have sympathized with your illuminating numerical modeling, and your insistence of such model as counter-thesis. So, again: Bravo.

My questions are as follows:

1. In your website you provide the basic maths for and expanding cube and expanding sphere, and the detailed mode for the Levitator Disk, and hence the expanding ring model. I am interested in the details of an expanding cone model: do you have any papers or information regarding radial expansion in a cone which has not been published on your website yet; and, if so, how may I be able to obtain access to them?

2. How would you predict the radial expansion effects on a cone that is immersed in a fluid, say water, and rotated about the axis normal to its circular base and coincident with its apex? You may first assume no motivated axial flow - just rotation of the cone about its axis. Then you may consider a motivated axial flow in addition to the cone's rotation. How do would you describe the radial expansion effects in these two cases?

I would be grateful to read your responses to these queries.

If you have computational facilities, skill in modeling and would like to verify / disprove my results, I am happy to provide details on my formulations.

The joy is overwhelming. I have never been so thrilled in my life to play soldiers. I think I enjoy it more than my two boys. My soldiers are courageous and creative, but very silly. My sons laugh and laugh at my silly soldiers. I feel in the present. I treasure the roughly 45 minutes we spend creating strategies and ambushes and alliances. I feel grateful for the connection with my children. I feel extremely relaxed with the boys over the past several days. I constantly try to focus on connection instead of control. As a parent I have felt many days of frustration and a feeling of trying my best but falling short. I have felt nothing like that since our last tribe meeting.

I feel like I am exactly where I need to be. I play soldiers.

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Even now when writing this I feel confusion, I don’t like it, but I commit to feeling this. My mind swims with questions. I wonder where this comes from. I wonder whether it is possible for me to learn to be an excellent trader. I have been emotional and I have been steeled and I traded poorly both times.

Thank you for sharing your process.

I start to role play with my dad and talk to him on an intimate basis. I desire to understand him and have him understand me. The choice of a different outcome in dealing with past experiences and circumstances creates a lighter feeling as I start to feel a release and peace. I feel I am starting to cycle thru a grieving process.

The intention to fully participate emotionally in the TTP process, the power of role playing, choice, and the supportive process of the tribe contributed to opening the faucet between my feelings and conscious mind.
Many thanks to Ed and my fellow tribe members for their support and validation.

Thank you for sharing your process.

Having just read market wizards book, and with a desire to learn more.. I found your website. But I get distracted easily. I went there for trading knowledge and found the articles on levitation to be most captivating. I never questioned the Bernoulli idea before but i lost a little sleep over this theory last night. My first thought was that the decrease of air density behind the foil creates a relative vacuum on top of the wing and thus the lifting pressure from below. But the more i think about it the more confused i am. I plan to experiment a little. But i want to thank you for turning some gears in my head that haven't turned for awhile.

Let me know if you can find any errors in my theory.

Some day I look forward to renewing our friendship, and explaining how I came to step on a landmine ten years ago. Meantime, I am comparing the various chart software offerings.

The one I showed you years ago still exists. You may remember that I introduced you to Proview and its owner Richard Cook of Sydney , with a suggestion that you join forces. We then met with your people (in Florida ?) but lost track after that.

CQG looks promising, and CSI ... also, and FutureSource has some facilities.

Just wondering if you can steer me to any others that I should add to the comparison.

I will be happy to give you my conclusions in any case, as to what works best. Looking at all the world’s liquid markets requires eliminating the ones that trade too little so that has to be easy. There are so many liquid ETFs that trade like futures that you want to include them clearly, along with large-cap stocks if they are trending. Then you want to pick out new highs, get them into a slide show etc.

Am doing this for myself ... and glad to include you.

I am happy to hear about your continuing researches into data providers.

When I lose I lose 1% of my account or less (because I move my stop loss) and when I win I win 1.5%

I win 55% of the time

I'm in the trade between 1 and 20 days, and I don't have profit taking, I just move my stop loss (usually under the 3 days low, or above 3 days high), to protect my profits, until the market take me out...

I used these set of rules for the last 2 years, but I didn't make a back-testing, because I use different rules for different cases.

I would like to ask you, what advise can you give me to improve my results

Thanks

You might consider back-testing some systems that stay in the market a little longer.

Hi Ed!

Life is more funny that when I started to write to you a couple of years ago. I am grateful for the journey you have helped me to do! Today I use my feelings as a great input instead of an enemy. I have the analogy with a gps in a car. A gps is never angry, it always give you the best effort to guide you from where you currently are. The same with your feelings. They make the best effort to guide you from your current situation!

I wish I could build a system like you. The last years I have found hints (to your system) along the way and I believe I could build a good system, but currently I have a hard time creating some action! I know the best way is to start, so I think I will do that now :-)

One of my best transformations is that I constantly congratulate myself for good things I have done. Earlier I did just the opposite. I only count good things. When you said "what you measure tends to improve" it became evident that it is not good to measure something you don't want to improve.

Still I am doing stupid things that I have a judge against, but now I let myself "fall" and give me time to be human and enjoy it. I am not a machine and when I build my rules with that in mind, I have a smaller tendency to be strict to the level of stupidity.

We still meet 2-5 people in our tribe every month. I am happy about these meetings and as long as I have someone to interact with it is enough. It was a long time a new member joined the group but as long we are at least two persons, I am satisfied.

Yesterday I received my mother when she was upset about unthankful children. I came to understand that I was actually "pushing" her to feel without permission (I did not ask). She became more upset and said she did not want to talk about this. I said it might be good to bring it up instead of push away the feelings. The same evening she said it felt better. Still, I did it because I thought she needed it, not because she said she needed it. I guess I might do better if I initially ask for willingness.

Best regards and have a nice summer!

Thank you for sharing your process and your insights about testing for willingness.

There was one hot seat which started out, in my mind, completely unrelated to the Intimacy-Centric model. However, under Ed’s skillful process leadership and with a role playing exercise, before the hot seat was over I could see that the issue was not really about the excessive fear of risk (as the person on the hot seat and I as an observer originally assumed it was) but instead it was about the Control-Centric model. The solution was the application of the Intimacy-Centric model. In fact that it was so powerful that it even made it impossible for the role player to continue in his aggressive, Control-Centric role.

From another hot seat, I learned a lesson on pricing, free markets and capitalism. And I also learned that trading issues are usually the manifestation of underlying psychological issues. Trying to fix only the trading issue will not work if we do not address the underlying psychological issues.

Once again, thank you very much Ed for the valuable insights and thanks also to my fellow tribe members.

Thank you for sharing your process and insights.

I also practice dealing with their feelings and quit trying to justify why I charge the amount I do. I find this works very well. I tell them how much it cost, they think about it and then say OK. I also notice I am not attached to them taking the offer and it feels different to not be attached to them saying yes or them saying no. I like this.

Thank you for sharing your process and your success.

The comic book tends to minimize the definition of inflation as an increase in the quantity of money - and emphasize the definition as a general advance in price levels.

Dear Support Team,

I do not feel like I make significant progress on my commitment over the past month and am not sure about what to report on. I do n]ot feel any closer to determining if I want to marry my girlfriend (I feel it's too early in the relationship to discuss marriage) and I am not dating any other women to find potential mates.

I think that our relationship improves over the last month as measured by the decreasing number of dramas. We only have one major drama that occurs four weeks ago. She gets upset at me twice over the last weekend but these are minor, quickly resolved, and don't bother me.

I notice that as I am thinking of what I want to write that I keep coming up with "negatives" about the relationship or things that are lacking between me and achieving my commitment. I feel the urge to report on the "positives" of the relationship (as I do in my last update) but I decide that this is not necessary.

I have concerns about my girlfriend being reliable. I think about how she seems to have a volatile personality at times and can turn from happy to upset very quickly. I have an Aha as I consider that this could be analogous to not wanting high volatility or big drawdowns in a trading account.

I view dating as the back-test for marriage. I feel like I gradually get closer to being able to make a decision about marriage as the duration of dating extends.

Initially I feel embarrassed about having a perceived lack of progress. I do not want to submit my update because I don't want to send out "bad news". I stick to the commitment of sending the update and feel much better at the completion of this e-mail. I think that I can only have progress by being willing to work on these issues. I am happy to have support from such a great group of individuals who express enthusiasm about helping me with my commitment.

Thanks for your support

excellence-perfection-vs-efficiency/504/

We assessed the same areas three and ten days later. The tests showed a reduction of about 50% in the scores of most areas that we assessed. In other words, three and ten days after the hotseat participants were better in balance, half as depressed, half as stressed, and had 50% less physical complaints and emotional tension than before. If you are interested, I can send you a more complete report. We plan to write a paper about it and present it for publication in a medical journal.

Lo and behold, TTP works…

I wonder if you can send comparable metrics for alternative methods such as talk-therapy, pharmacology and getting some straight talk from an authority figure.

I realize what is important and experience this Now. She asks if I am going to church. I say yes and with that see the intimacy-model as an opportunity to learn how to share and unify with family.

Thanks to Ed and my support group. I am growing in more ways than I can count.

Thank you for sharing your process and your progress with connecting with family and friends.

Controlling the Wife

Dear Ed,

Your answer to my posting from Monday, June 14, 2010 (Relating to Children) is You might consider taking your feelings about <wanting your wife to behave according to your model> to Tribe.

I recall thinking a lot before I send my comment on the attitude of my ex-wife, since I know that judgment of others or of their actions suggest that we have own issues on the matter. And, in fact, I reckon that I don't like the feelings associated with “my ex-wife does not accept to relate in an intimate way”. I plan to take this issue to the hot seat.

Thank you for pointing at it.

Thank you for sharing your process.

Dear Ed,

A year ago on 17th June 2009 I come to Incline with my wife to assist you on your book, conduct research and pursue my passion and right livelihood of setting up my own fund.

We have an amazing experience in the US. The experience improves our relationship and completely shifts our view of life, the world and everything around us.

A year later, on 17th June 2010 I start trading my system live. My fund is no longer a wild dream but a reality. My wife and I are expecting our first child in three weeks and our relationship is better than ever.

A few years ago I think that right livelihood is a concept rather than a reality. I recall your quote during a workshop in 2006 "all it takes is willingness". A quote so simple and yet so powerful. These words stick with since then and replay in my mind almost on a daily basis as I face different challenges in pursuit of my right livelihood.

Right now I look forward to developing my business one step at a time, becoming a father and embracing each and every challenge as a learning experience and opportunity for growth.

Thank you Ed for your support, guidance and the gift of clarity that you give me as I continue my journey towards my right livelihood.

Thank you for sharing your process and your accomplishments.

FAQ does not recommend commercial products or services. See Ground Rules, above.

To a 2 trading systems?

Thank you very much.

It's OK with me.

Dear Tribe,

At the Austin Tribe meeting I take the hot seat and feel the feelings associated with my parents and sister, particularly my father. With Ed’s help and the support of the tribe, I begin to see my role in the family system. Ed states that I’m the designated hitter. This is an AHA for me. I see my role in provoking my father so that he goes after me instead of my sister or my mother. I don’t cry when he beats me because if I cry then he’ll stop hitting me, and he’ll still have enough rage to go after my sister. So I don’t cry and he acts out all his frustration on me. My sister and mom go in the other room and cry, and are safe. I don’t cry. I’m good at being a victim. I’m good at my self-imposed role in the family system.

I am driving home from the meeting, and I start seeing connections about me setting myself up to be the victim, and not just with my family, but in many other aspects of my life. I start seeing how I provoke my father. I start seeing how I have a pattern of being the victim, of being the designated hitter. I see my role in the system. I no longer assign blame to my other family members. I see my role in the family system and have an AHA as I realize that I don’t have to be the victim, I don’t have to be the designated hitter. I can simply decide that I am no longer a victim and this changes the entire system. I feel an enormous weight off my shoulders. My neck is no longer tight. I didn’t realize how tight my neck is. I am exhausted. I can’t drive any farther, so I pull off the road and get a room for the night.

I wake up early and have so much energy and feel light. I realize how much energy I spend blaming others, and how much effort it takes to try to get people to change. I notice it is really much easier to change myself. I realize that that is the only thing that I can change.

I start driving home from the hotel where I’ve spent the night. I decide not to go straight home but instead I decide to go see my father who lives in a different town. I notice that I’m no longer angry at him. I feel sorrow. I notice that I’m OK with that feeling. I arrive at my parent’s house and my mother opens the door. She is excited to see me and invites me in. My dad gets up from his chair to greet me. He seems very happy to see me. Then I get hit by a barrage of factoids. Did I notice their new shoes that have a special kind of arch support? Did I read some article in the paper about such and such? My dad tells me about some new vitamins. I start to laugh. I recall a tribe member that takes a hot seat and discusses his father talking about facts. I am thankful he shares his process with me and the other tribe members. I realize my parents have limited experience communicating their feelings. I ask my dad if he wants to go to the deck outside and just talk. He does. We go outside. We talk. I ask him about his feelings and he talks, and talks, and talks. It’s weird. He starts telling me things that he’s never told me. I notice that I feel OK being around him. I don’t know how much time goes by. We go back up to the house, and I think I’m about to leave. I think it is nice to see him and my mom, and then my dad asks me if I’d like to have lunch with him. I say “yes”. We go and have lunch and he continues to talk. I share my feelings with him about various things with my son and he opens up more. It’s weird.

Three days after the Austin Tribe meeting, I go to the local tribe meeting and we discuss the control-centric model and the intimacy-centric model. My wife takes the hot seat and we go through about 12 different role-playing scenarios. We take turns playing the role of my wife. That’s new for us. My wife gets to see how other people use various resources in the scenario. One tribe member is playing the role of my mother-in-law in every scenario. He has never met my mother-in-law, and he is spot on in playing her in the scenario. At checkout we agree that he can win an Oscar for his performance. Now here’s the weird part: we all notice that as each of us took turns playing the role of my wife and trying different resources, the tribe member playing the role of my mother-in-law reacted in completely different ways. We all have an AHA that he is merely reacting to us, that he is giving each of us the response that we are soliciting. We notice how the control-centric model failed miserably in getting any positive results; and we notice how using the intimacy-centric model, establishing rapport and sharing feelings, receive positive results. I have an AHA, my family members are all just giving me what I want.

A few days pass, and it is now Monday night. Me and my wife, son, sister, niece, mom, and dad are all sitting at a table in a restaurant. It is our first time to be together in over a year. We are all laughing and having a good time. There is a brief moment of silence, and my son, who is four and is sitting between my wife and my father, looks up at my father and says, “It’s been a really long time since I’ve seen you.” My father responds, “Yes.” My son then pushes his math workbook in the direction of my father and they start solving some math problems.

I am thankful for the support from Ed and all the Tribe members.

Dear Ed:

I day-trade because there is too much noise in swing trading and investing.

I attend the Austin Tribe meeting. A member brings up his relationship issue with his mother- in-law. His is aware that his resentment, in part, is due to gift expectations, which are communicated to his wife. His usual pattern is to argue the financial issues with his wife, then give up when his wife won't agree. As we role play, it become clear that the real conflict is with his wife. Similar feelings are recalled when, as a boy, he was not granted a gift he deeply wanted. As the process develops, we see that the gifts are really tokens of deep feelings. For the boy, the feelings were about receiving affection in the form a gift. In the man, his feelings are invalidated when the wife won't cooperate. We see that both situations are about achieving intimacy, not the surface conversations.

Another role play is undertaken to process the resentment of being bullied in another tribe member. Memories surface around an incident with a close relative. We role play and powerful feelings are experienced by the tribe member. We work through new responses/resources that can be used in dealing with this relationship and similar situations.

We talk talk through the issues, without role play, for a member that received physical abuse as a child, and mental abuse as a teenager. His attempts to resolve relationship issues with his family have met with little or no progress. In talking through the players and their agendas, the motives and possible responses are clarified. He sees the possibility of new attitudes and options in dealing with players.

Thank you for sharing your observations.

Hello Ed,

Thank you and my fellow Tribesman for another great meeting.

One of the members of the tribe expressed his dissatisfaction with being presented an extravagant Christmas gift list from his wife's family that he is expected to pay for each year. He explains to his wife that they go way over their Christmas budget each year but she spends the money anyway. He is uncomfortable with this arrangement. He relates a similar story, as a child, he wanted a red fire truck for Christmas but his mother refused to buy it for him because it wasn't within the family budget. He role played with two tribe members, one played his wife while another played his mother. This role playing allowed him and everyone else in the tribe to to learn new interpersonal skills. We learned to express our feelings to someone and to listen and encourage the other person to express their feelings as well. This communication allows a deeper understanding of the actual issues that are driving the dramas in our lives. We also learned to negotiate by expressing our feelings in order to drive home a point about something we feel strongly about.

I took the "hot seat" and related an incident involving my brother that I had strong feelings about. We were both visiting our parent's home and I had mentioned that I was taking a martial arts class at college. My brother, who is much larger than I am, started to throw punches close to my head to show his martial arts prowess. This action irritated me and I nudged him away with my arm. He then grabbed me by the arm and threw me to the ground. He laid on top of me and pinned my arms underneath me. I struggled to get up but, couldn't. I asked him what was wrong but, he said nothing and just continued to pounce and hold me down. Finally, I shouted for help but, then my brother put his hand over my mouth and rubbed my lips against the braces I had on my teeth at the time. Then our mother came in to break up the incident and she told me to stay away from my brother. My brother explained the reason why he was angry was because he and his wife were having difficulties. This struggle was re-enacted in the tribe meeting with one tribesman playing my brother and another playing my mother. I learned that if someone approaches me in an aggressive manner to show respect for their emotions by asking how they are feeling. Maybe, if I had asked how he was feeling and allowed him to express himself about his marriage problems, the entire fight could have been avoided. I could have also shown more respect for the martial arts techniques he had learned as well. I would have also opened up a more intimate dialog by communicating with him in this manner.

I spoke to my brother a couple of days after the tribe meeting and asked him how he was feeling. He said he was hot and was sweating. I asked him if had anymore feelings and he said the heat made him feel sad. Then I said I felt bad about the heat as well and then made a mistake. I told him I was going to my car to turn on the a/c full blast to get over the hot feeling. I guess the old control centric model dies hard. Then I asked him how business was and he felt bad because it was such a dog-eat-dog world. I injected humor by saying I get bit in the tail myself sometimes and he laughed. When the conversation ended he said he was glad I had called him.

I look forward to seeing everyone at the next Tribe meeting.

Dear Ed,

During the week after the Austin Tribe meeting, I review the Control / Intimacy Models and draft a post to FAQ. In an attempt to express the concepts and after a challenge to not hold back emotionally, I further discuss Control issues with my wife. I acknowledge how I attempt to control in many ways and that many behavioral issues spring from past family experiences. She challenges and encourages me to become more transparent and vulnerable. As I dialogue and express my feelings, she points out that I always decide what to do based upon what I should do rather than what I would like to do, more like not treating myself well, because I don't deserve to be treated well. She reminds me that I am a perfectionist. I start to get a knot in my neck as I realize there are many control issues and acknowledging them creates more tightness up my neck.

Thru the first Austin Tribe meeting, as several members take the Hot Seat I experience, I share in the experiences as similar events in my life become vivid. I see how TTP processes can reframe and apply different resources to impact choices. In thinking about my family history and the Control Model in our home versus the Intimacy Model., my 'aha moment' is that I attempt to manage and control outcomes in my personal and investing life.

In starting the TTP journey my intent is to be in the Intimacy Model, wherein I acknowledge, trust and accept my feelings, and to commit to work on my control issue.

Thank you for sharing your process.

It is hard to believe it has only been a couple of months since the April Workshop in Reno.

I complete the Pardo EOTS 2nd Ed. This week. I am exhausted and grumpy. I allow myself to enjoy that feeling and consider its intention. I stick with my system of systematic study of Pardo and prepare for next action steps. Emotionally, I feel distanced.

I notice it has been over two months since I sent in TTP application above. I experience mixture of ambivalence and mild resentment. I recognize that feeling as anxiety and it starts to shrink and disappear.

I am grateful to know and inspired by other Workshop attendees from the Reno conference. Their comments, especially [from Name] remind me I need to review Ed’s book, and I quote it to him to help him solve his k-not.

I sit in my office contemplating an exhausting interview I have with prestigious investment firm last night. I have mixed emotions. I let them flow. I am aware of many opportunities before me, and I consider how I sabotage them, squeeze them like I would a bully (recalling my hot seat, my wrestling days).

I am more than ready to start a Trading Tribe! The sooner the better because my recollection of my experience of the Workshop is not getting any stronger as time passes. I feel let down that the tribe application has not been acknowledged, and over two months have passed since I sent it in. This feeling has a good intension. I consider that intension as a desire to see some action, and with that I respectfully close.

Thank you for sharing your process.

I would like to know when is the next course!?

Tks

I currently have no specific date for a Workshop in Austin. I generally schedule Workshops in response to demand.

Dear Ed,

Do you exit on stop-loss or do you have a profit taking when you place a trade?

Thank you very much

loss taking = loss limiting.

I would love to read your view on the listed subjects. Is this information available anywhere and/or do you plan to update the website with exercises and information in "trading system project" section in the future?

You might consider writing something on optimization and other topics to link to the index.

Mr. Seykota,

I find that the second Austin Tribe Meeting greatly enhances my understanding of intimacy and what it means to send my feelings and receive feelings from others, without judging or suggesting a course of action. I am beginning to understand that giving advice and saying, "You should do XYZ" is a way to control someone. During the second meeting, three other tribe members take the hot seat. And each one of them brings a revelation to me. I appreciate the work that each of my fellow tribe members goes through. Their struggles and their forms are captivating, they are intense, and they enrich my understanding of the power of intimacy.

I am excited to follow up with each of them to hear how their new resources of sending and receiving feelings have benefited their relationships over the last week.

In the five days since our last meeting, I am very much at ease, very willing to accept what is happening right now, without trying to judge how I feel. I am doing a better job of letting my feelings happen and turning toward my thoughts of confusion, and embracing them, instead of turning away.

Since our last meeting, I share my feelings with my mother about trading and the importance to me of this Tribe. I share my feelings with my wife about our annual family trip to [City], which is always a source of friction between us. I share my feelings with my 6-year-old about using a magic marker to color the carpet. And I ask him if he will share with me how he feels about coloring the carpet. He does share and he does communicate his feelings and it all feels so right and so honest and pure.

My patience is increasing. My appreciation of today is increasing. I am excited to continue the journey.

Thank you for sharing your process.

Thanks Ed for hosting this Tribe series!