from Ed in Red)
Wed, 20 Aug
Wishing you a wonderful year and many many more to come. You are doing a
great job with TTP; thank you for all the insightful wisdom.
Sincere regards & best wishes to you and your family.
Wed, 20 Aug 2003
I'm considering intraday trading as a profession. I'm wondering if
this is a wise move.
considering things is generally wise.
tend to roll off at higher trading frequencies.
of Systems Roll Off
as Angle Sensors (above)
Wed, 20 Aug 2003
trends (degree of magnitude)
Dear Mr. Seykota:
A few years back I paid a man US $50K to teach me to trade. His “offer”
came in with a course and some two software programs.
Without going into much detail, none of the “courses” included ONE
SINGLE LINE on MONEY MANAGEMENT.
I went to him because he was associated with a previous editor of the “best”
magazine in the industry and because he was included in the “wizards”
book. The impression I got from him was that he “knew” how markets “work”
and as such I could “benefit”.
however, failed to “follow” the market to my advantage and, without
money management (at the time I hadn’t even heard the expression) I lost
big time: the frequency of losers was higher than the frequency of winners
and the amplitude of the first … I asked for my money back and received.
Latter I begun to understand that one doesn’t need to “understand” “how”
markets “work” but instead one should design a plan which follows the
market and a plan to follow that following. So I read some 40 books on NLP,
psychology (I reached college level biopsychology – neurology) and
attended a seminar on money management.
I would like to ask you this: (1) I know for a fact that what goes
on during the day in any market doesn’t have any bearing on the trend
(unless price action is sufficiently strong to produce a signal).
You follow trends.
I don’t know the degree of magnitude of the trends that you follow.
Perhaps you follow the monthly trend, or the weekly trend and act
accordingly. Perhaps you trade soybeans twice a year, perhaps not.
(2) If someone told you that he or she found a couple of markets which
have as many as 8 trends a year and the market is liquid enough to allow you
to trade would you consider this to be trend following?
This would mean
that the trader in question is actually trading (3) what people call “intermediate”
and “short-term” trends lasting anywhere from 1 to 3 months.
Perhaps I simply don’t understand what “trend following is”. Perhaps I
do and perhaps the way I trade is actually “trend following”. I’m not
that concerned with names. (4) I just would like to know from you if you
would consider trading this degree of magnitude.
Finally: (5) do you not think that 99% of all books published on trading
… you have to be careful in the rules and way you
establish [them]. If it is too strict you will fail, if it is too loose, the
rules will not work. Our way should be strict enough to have authority, and
authority everyone should obey. The rules should be possible to observe ...
We cannot force anything. But once the rules have been decided, we should
obey them completely until they are changed. It is not a matter of good or
bad, convenient or inconvenient. You just do it without question. That way
your mind is free. -- Shunryu Suzuki (founder, San Francisco Zen
Ask your Zen Master about the value of knowing facts.
People telling me their opinions of the markets does not constitute trend
You seem to place a lot of value on the opinions of others.
I trade markets, not degrees of magnitude.
100% of the books on trading are books on trading. What you get out of them
is up to you.
you read them.
Tue, 19 Aug 2003
I have a fairly large SUV and if you need me to do anything (i.e. pick up
food from the store, people from the airport, or whatever) in preparation
for the workshop, it would be my privilege. You have a resource available if
you need it. Thanks again for all your support, you're a mensch.
Tue, 19 Aug 2003
Last week I was watching a golf game on TV and I saw Tiger Woods taking an
iron shot. As he addressed the ball, his facial expression was one of
He then swung and
hit the ball high towards the green. The camera zoomed in on his face and I
couldn't help but notice his facial expressions from the time he connected
with the ball to when it landed on the green fairly close to the pin. In
that short space of time his emotions seemed to change very rapidly and
ranged from anticipation, despair, puzzlement, anxiety, hope and finally
satisfaction. Of course, these are just my personal opinions and Tiger
might explain things differently, but it struck me there and then that he
allowed his emotions to flow quickly from one to another in line with what
with what I think TTP aims at.
Perhaps this partly explains his extraordinary success. Previously I had the
idea that mastery in sports may be due to rigid emotional control, but after
this aha I have revised my thinking.
Thank you once again for your insights.
With kindest regards,
Dear Friend Ed,
anticipation of the TT Event late in October, I wanted to summarize the
benefits of my work with you and the Incline Village Trading Tribe for the
benefit of others who may be considering attending. You may cut and paste
any of this as you see fit. You may use my name if you wish. This is how I
am a professional trader—it is how I earn my living. I earn Management
fees as well as Incentive Fees. My system is profitable and the results
suggest positive mathematical expectation.]
word Commitment for me is a
capital “C” word. I am Committed to being a great trader. I have been
since we first met. I travel from Los Angeles every two weeks to Incline and
to this date I have not missed one meeting.
TTP works for me because I have been Committed
to the process from the beginning without judgment. I do not need reasons
(fundamentals) “why” or “how” the TTP works.
trusted that in experiencing my feelings in a safe and supportive
environment, I would begin to better understand why I feel the way I do,
what impact my feelings have on me as a person, and how these feelings and
emotions manifest themselves in my trading. My feelings ultimately have an
impact on my trading whether I am conscious of them or not. Prior to joining
the IV-TT, I figured that as long as they are affecting my trading, I might
as well know about them. If not, they most likely would be a liability.
believe that being in touch with my feelings, the positive ones and the
uncomfortable ones, makes me a superior trader. Because of our work, I am
free to feel my feelings, good and bad. I have power and I am powerful. I
embrace all of my feelings, especially the uncomfortable ones as a sentient
our work in Incline Village, I now have made “friends” with these
feelings. I am no longer intimidated by them. Nor am I mute in expressing
them due to my own fear, inhibition, or how I believe I will be perceived by
others. I am not “out of control” having my emotions so adversely affect
my judgment. Thus, these negative feelings are not so negative anymore. They
are, in fact, my newest allies.
provocative as this may seem, it is why I feel so powerful. I feel I am
I begin to doubt this, and I do have doubts from time to time, I call you,
qand other Tribe Members. I am typically reminded that my feelings are what
make me so uniquely me and that my feelings are not “facts.” Thus, the
process repeats itself. Kind of nice, huh? Sort of like a trading system.
see, I believe that the point of my journey was not necessarily to arrive.
Up to this point, it has been to feel the feelings during the journey. Now,
as a result, when Fred and CM do their dance, I am comfortable feeling and
being present—and being in the now.
I love most about the IV-TT is the special bond among us. The support
network is formidable. As you know, I speak to and email you and most other
members of our tribe frequently. I know that when I’m feeling a strong
feeling I have a very special and unique resource in The Tribe and its
members. This is evidences by the amount of contact I receive from them as
you know Ed, I have been fortunate to meet many world class traders. Many
have intimated technical aspects of our business and trading to me. I am
truly grateful for that. However, none has had the impact on me as a trader,
and more importantly, as a man and as a father, like you have.
know you to be a great student of the world markets and of the human
condition. I feel that you care for all of us within the IV-TT with a
special type of paternalism, perhaps because we are traders.
is evidenced by the fact that meetings are held at your home, the
refrigerator is always open, that meetings do not have a firm ending time,
and your frequent telephone calls reminding me of how I nailed the Cocoa
trade, as well as how many times I’ve been stopped in Beans. (Gotta’
love those beans!)
humble note to anyone reading:
you are wondering if you will get your money’s worth: I cannot tell you
how to feel about this — but I would encourage you to feel whatever you
are feeling even more, in fact “make it bigger.” If you have strong
feelings and issues around trust, chances are your CM and Fred are doing the
Cha-Cha right about now. Why not? Isn’t this the perfect set up? A weekend
with a world-renown trader who you’ve always wanted to meet!
you are feeling somewhat congruent to this, the good news is that you have
material to work on when you get to Incline.
though, knowing what I know and what I have experienced through the IV-TT, I
would err to the side of attending as long as it is affordable. The most
revealing insights and “aha’s” I have gotten from consistently
attending the IV-TT have been unexpected.
thank you for being your inimitable self. Thank you for having the guts to
openly feel exactly how you feel and for pioneering this priceless work.
Thank you for your genius and your generosity. And most importantly, thanks
for being my friend.
Tue, 19 Aug 2003
Hi Ed and fellow tribe members ~
I came across the Native American prayer below and wanted to pass it along.
It made me wonder: Are we really our own greatest enemy? And if so, is it a
battle between good (Fred) and bad (CM)? Or is it even right to use the
terms 'good' and 'bad'? Aren't Fred and CM just trying to do their jobs? I
look forward to anyone's thoughts on this.
"O Great Spirit whose voice I hear in the winds,
I come to you as one of your many children. I need your strength and your
wisdom. Make me strong not to be superior to my brother, but to be able to
fight my greatest enemy: myself." -- by
Chief Dan George (1899 - 1981).
and CM are allies ... and they like to communicate ... otherwise Fred
generates drama in order to get messages across to CM.
can take your feelings about fighting yourself (ourselves) into the TTP
Ponders Fighting Ourselves
Tue, 19 Aug 2003
Whilst eating my
dinner, I suddenly thought of the next logical step, for my system.
My system sets
a profit target that when reached, means that no more trades are added
and volatility is used to move stops up.
The next logical
step is to trade the same instrument in parallel once the first trade
is at breakeven. E.g. Say you have 20 instruments to trade. Split your money
into 5% for each instrument. On the first signal, for the first instrument,
you put on 1%. When this system is at breakeven, you put your next 1% onto the
shadow system. Repeat until you have 5 systems shadowing each other.
This would allow you to profit from a good trend, whilst keeping control of
Looking at my system, it would work for instruments that either explode,
and are symmetrical or that trend for long term. I believe that it is
best applied to stock indices, because they trend well and a lot of the "dangerous"
volatility that individual stocks suffer from, is filtered out,
currencies and macro instruments, where trends are long, and commodities
that have 1000 day breakouts.
might consider keeping your position size small, at least until you finish
your testing ... and resolve some issues:
to a position when it is at breakeven is ambiguous. For example, a
position might dither around ... it might win. lose and break even many
do not define explode or symmetrical.
term trend trading is generally incompatible with profit targeting.
Trader Studies Symmetry
Tue, 19 Aug 2003
Reading about the TTP, I remembered the movie Analyze That with De Niro and
Billy Crystal. If you haven't seen the movie, Crystal is the psychiatrist
who has just lost his father and is called to help De Niro (the Mafia boss).
Crystal's character deals with that loss by repeating the phrase "I'm
grieving; its a process" . That would be a form of accepting the
feelings, if it wasn't for the despair he goes through in the end of the
movie when he cries together with De Niro (which is very funny) because of
both of their losses (De Niro suffers from denying his feelings from his
There are some psychological aspects to analyze here:
1) Although Crystal's character kept saying "I'm grieving; it's a
process", he was not TRULY accepting his feelings, which is a common
attitude among traders. They think they are accepting only because they
are saying that they are accepting. Crystall will only accept his father's
loss, when he gets inside him and really meets the pain that was disturbing
him - which also happens to De Niro's character, who was running away from
that feeling for 30 years.
2) Crystal was unable to solve his problem alone. Crystal only accepts
his pain when he works his Fred together with De Niro (TTP) and they solve
their individual issues.
There are people that prefer leading with losses alone. Most of the times,
they fail to do that and they will achieve to deal with Fred when only they
connect to other Freds in a very deep emotional analytical state of mind
that will drive them to explore their drama, but this can take 30 years!
How can we call
these people attention to this problem? I mean, if you tell them, the first
reaction will always be repulse.
So, is it better
to Let them suffer (even though we like them) because this is the only way
they will learn or try to talk them out of that denial?
This is a very
sensitive issue and I really like to hear your thoughts about this
Thank you very much.
who try to force ideas on others are generally in drama.
a Hug Heals Better
Tue, 19 Aug 2003
I am nothing; yet
I am everything.
I see nothing; yet I see everything.
I win with what is inside me;
I lose with what is inside me.
I am the market; I always win.
am a bucket, collecting this and that experience, becoming heavy.
am a tube, passing experiences through me, like a jet engine passes
air and fuel.
open at both ends
Tue, 19 Aug 2003
Cutting Losses and Feeling foolish
I repeated the same mistake again. I over bought xyz (a stock) last week.
The stock started a weak move up and I bought and bought and bought (10,000
shares). The stock immediately moved back and the volume dried up Friday
I was down around
$3,500 within hours and then the market closed. I thought "The stock
would kill me if I sold all 10,000 shares on Monday!".
I thought about my
past mistakes and would usually hold the shares and hope my stock came
back. This usually caused me to lose more money.
The weekend then
came. I then went to the casino Sunday night with my friend. I usually never
bet more than $20 or $40 there. Sometimes I just walk around and enjoy a
nice dinner. This time was different I must have wanted to experience riding
I bet $60 on slots
and went wild betting $280 on Blackjack! I lost a total of $340 within 2
hours! It was strange but I actually felt good after because I learned
It was very
strange to feel good after losing. I did not feel good I lost money however.
I felt good because it would help me with this trade the next day.
I was not going to
hold this stock even with a big loss Monday! Man I just could not win
anything at the casino! The worst Blackjack table I ever played! At least I
had a nice dinner of clam chowder and twin lobsters and a good time with my
friend. He won about $400! I have never been so wild! I could have used
that money for something good.
Today Monday I sold all 10,000 shares at about a $7400 loss. I was
not happy "I could have bought some private coaching with Ed for this
I then found 3
stocks trending up strong and bought them 1000 shares of xxx, 5000 shares of
yyy and 3000 shares of zzz. Even though I bought them extended I am back
up $8000 in one day so far. I feel back on track now.
I started to drift to an old habit but I do not want that drama of losing a
lot of money. I took action to correct the problem immediately and it is
working so far!
I think I sometimes try to force a stock to work for me (make me money) by
buying. I have to differentiate buying many shares on power from trying to
force a trade. I just have to let loose sometimes and realize that the
market is not a car that I am steering or in control of. The market is more
like a large boat or train. I can ride along with it, walk off the edge and
fall, or try to stop it and get crushed.
I don't have
enough money to be a captain and steer yet! A few days before this whole
stupid buy of xyz I do remember feeling a little guilty for spending the
money on the workshop.
Things came in my
head like "Am I too old to go?, Does Ed think I am an ignorant trader
or a pushy person for asking too many questions?, Should I have used the
money for something else?".
I don't feel this way anymore. I cannot wait for the workshop! I am going to
fly in a day or 2 early and enjoy and explore the area and get well rested
for the workshop after the long flight.
I am not afraid to feel foolish when I make a mistake anymore. This is a big
time for me right now! Thanks for listening.
people gamble and lose to cover up some other feelings they wish to avoid
experiencing ... guilt, for example.
you are willing to feel all your feelings, Fred does not have to engineer
dramas that put your assets at risk.
might check your feelings of self-worth ... see if you are willing to award
yourself nice things, like good trades in the markets..
Me and I'm Worth it
I'm on some good moves.
Tue, 19 Aug 2003
Ed Seykota wrote in Market Wizards: "If I am
bullish, I neither buy on reaction, nor wait for strength; I am already in.
I turn bullish at the instant my buy stop is hit, and stay bullish until my
sell stop is hit. Being bullish and not being long is illogical."
Sometimes I see good opportunities, but I miss them as I can't take the risk
for my account. And so I feel frustrated.
might take your feelings of frustration into the Process.
might notice you can control risk by stop placement and position
the Aha Point
different from acting out drama
Tue, 19 Aug 2003
Fear of commitment
Ed Said: I wonder if wishful thinking feels the same
as thoughtful wishing. Watch What You Wish For. You might get it.
OK. I examine and experience my feelings about trending and review many
aspects of my life and trading. I have many insights and change many things,
but one change is missing: celebration and self abandonment to the feeling
of trending. Perhaps, fear of commitment?
tracking your feelings and in tracking the markets, take whatever comes up
and go with it.
to force a feeling is like trying to force a market.
might find some joy in the process of allowing feelings and markets to come
and go as you experience them.
with the Flow
with the markets
works with feelings
Mon, 18 Aug 2003
Doesn't Hit Home
Your tribe idea is very interesting and the whole thing with the Fred and CM
is interesting as well.
The thing I'm
trying to understand is that a bad feeling doesn't want to be recognized, so
Fred makes drama to get our attention. And if we recognize them, they get
But both good
and bad feelings are pretty much the same. We would definitely rather have
good feelings, but a feeling is a feeling. And if experienced will be
dissolved as well.
If we experience
good feelings to their core and regress, aren't they also dramas being
emotions dramas being triggered by current events? What would happen if we
were to dissolve all of them?
all disappear? Wouldn't we be emotionless creatures? I've read your theory
and it just doesn't seem to hit home with me. The fact that I get very
excited when my home team wins is also a feeling that can probably be
traced, experienced and dissolved, but why bother?
as familiar situations develop, Fred generates automatic, healthy responses.
example, say you get caught in the middle of an intersection when the light
changes. Fred might feel fear and motivate you to seek safety. Or,
when your team wins, Fred might feel pride and joy and motivate you to share
your feelings by jumping up and down and sounding an air horn.
CM is open to Fred, there is, as you point out, little judgment about the
feelings, little concern about good and bad. Most feelings last for a
while and then disappear. That is the nature of feelings.
unfamiliar situations arise and Fred proceeds anyway, best efforts, and then
re-plays the incident later, so CM can look it over and advise Fred.
CM makes judgments about feelings (often learning to do this from parents)
Fred is unable to get messages across, so a couple things happen:
does not learn how to cope with the unfamiliar situation so you might
keep repeating the same drama
might resort to escalating the drama to get your attention
purpose of the TTP (Fred-ian) model is to support the Trading Tribe
Process. I do not attempt to argue or defend the scientific validity
of the model.
Trading Tribe Process, above
Mon, 18 Aug
Trend Following and Stocks
I am researching different stock market trend following systems.
I have yet to find
any that are completely mechanical with simple and easy to understand rules,
for learning purposes.
I wonder if you
could give me an example of a system/strategy that would give me a base to
work off, similar to the Donchian 5/20 MA system that you originally tested
in the commodity future markets.
To date, the only
real trend following example I found is William O'Neil's CANSLIM strategy,
but, it is near impossible to backtest for the simple reason that the system
uses a lot of proprietary fundamental data.
does not recommend specific parameters ... see Ground Rules.
Mon, 18 Aug 2003
Your aptitude for teaching and relaying to others so they might work on
experiencing is unparalleled! FAQ relays your "trademark" keen
replying, and powerful metaphors most conducive to the learning environment
you are promoting.
As always, you
present the material
in a simple, yet very powerful way. You are a mind Ed ... thank you!
PS One can glean and learn almost as much from those who reply defensively
to your answers, as your answers alone.
experiencing their feelings to your replying, and experiencing their
feelings to the way the market is replying ... they can throw two rocks
at one bird, and quit taking both personally;)
Fred tends to use whatever situation is handy to entrain attention-getting
with FAQ and interactions with your friends both tend to mirror interactions
with the markets.
kiss you give
the kiss you get.
Mon, 18 Aug 2003
Borderline (see Fractals, above)
An excellent poem and wonderful insight!
Where have you been hiding this treasure since 1986?
"Guard well within yourself that treasure,
kindness. Know how to give without hesitation, how to lose without regret,
how to acquire without meanness." -- George Sand, French
writer (1804 - 1876)
Mon, 18 Aug 2003
... only if I
do not learn from them
From a previous question: “and don't waste both
parties' time trying to show them how foolish they are and how wise you are.”
I am an active reader of FAQ’s and always learn plenty from reading “stupid
inquiries.” In fact, it’s not a waste of time at all as it saves me from
asking the same stupid questions (thank you posters!).
From my observation of each FAQ’s question multiple times, no repetition
of stupid questions seem redundant. I think the lesson that you convey on
each posting is simple, unique, elegant, and thought provoking.
Keep up the great work for fostering community.
people seem to deal with challenging, thought-provoking questions by simply
deciding they are too stupid to answer.
Mon, 18 Aug 2003
Finished the core of the system now. Just got to go thru with a fine tooth
comb to test everything. After that, I'll run out versions for commodities
and currencies etc. Your site has been very influential to opening my mind
to trading and other issues and many thanks for that.
Mon, 18 Aug 2003
RE: FAQ 11.
August - Visual Entries
Dear Mr, Seykota,
With "visual entries / exits" I have meant using visual analysis (
chart-patterns ... ) to confirm trend-following system signals. Do you use
of visual inspection to confirm system signals, might both signal and
confirm that you are having some troubles following a definite system.
for Secondary Signs
Mon, 18 Aug 2003
How do you recognize, respond to and eliminate effectively?
might consider treating fear as a friend and ally.
can relate to friends through more than just recognizing, responding and
always the best way
manage a relationship.
Mon, 18 Aug 2003
I accidentally stumbled upon your web site tonight and was fascinated from
the very beginning. I have spent most of the evening looking over your
comments to other web viewers. From the beginning, it is easy to can see
that you Mr. Seykota, are a no-nonsense type of guy that has had tremendous
success in the game of money management. The last comment I read from
today's post shocked me, but your response did not. Many people lack the
capacity or the ability to learn from others. They're called stubborn and
I am a 21-year-old college senior that will be graduating in December. I
have begun a career with a multi-billion dollar global organization that
will ultimately lead to a full-time position upon graduation. I have my life
pretty much planned out and I like what I see for the future. However, I
believe in following your instincts and taking chances. My passion, my
interest, and my motivation to succeed in corporate America, stems from my
love of the "game" (money management).
Everyday I rush home to check the status of my portfolio and desperately
search the web for the next best stock. I get caught up in the thrill of
the hunt and the satisfaction I feel when I pick a winner. I have no
mentors, teachers, etc. to look to or call upon for advice which makes it
that much more gratifying when I do succeed.
I won't pretend to understand even half of what I've read on your site but I
will tell you, the desire and the dedication is there. I want to become a
regular to the site and be able to engage in conversation with you and your
viewers. For all I know, I could have read a post or a comment tonight that
could have turned me into a millionaire. Problem is, I didn't catch it!
That's what I would like to change.
I would be grateful if you could pass along any advice in which you may
have for someone in my situation. The desire is there. The knowledge
isn't! Thanks for a great web site and even more, your time.
people who get their kicks from winning, tend to take their profits right
away and let their losses run.
Trading requires an ability to ride winners and cut losers.
Your Kicks on Route 66
66 is a winning ride. It is fairly straight-line, with hardly any set backs
between LA and Chicago ... and you know how far it goes, in advance.
Sun, 17 Aug 2003
In response to my question about a portfolio consisting exclusively of
stocks you wrote, "Yes, you might wind up with
all your stocks trending your way, or the other way, at the same time."
I am still uncertain on the subject.
Hopefully, here is a clearer question: While my portfolio of stocks might
wind up all simultaneously trending my way or might all simultaneously enter
a period of whipsaws, based on historical testing, has a portfolio
exclusively made of stocks been able to produce a non-correlation level
formidable to a portfolio made up of other various markets that are weakly
correlated with each other (where such simultaneous movements, or lack
thereof, in the same direction at the same time are minimized)?
Or...another way of phrasing the question is: In your "Risk
Management" article, are the ideas / lessons under
"Diversification" better able to be realized with a portfolio
broader than mere stocks or can stocks alone have the same probability,
based on past historical testing, of providing a "Smoother short-term
portfolio volatility" as a portfolio of multi market instruments?
You also wrote, "You might examine your feelings about losing.."
I have examined my feelings ... I don't like to lose. Thus, I'm making
the effort to write in again so that I can achieve a better understanding of
correlation and hopefully avoid as many money management mistakes as
possible. I do believe I remember once reading that much of the battle
is won before it is even fought.
Have A Great Night Ed.
you can crate a portfolio of non-correlating stocks ... and you can
constrain portfolio volatility to an arbitrarily low level.
your goal is to get volatility all the way to zero (since you don't like the
feeling of losing) you can simply not even trade.
might ask yourself exactly how much volatility and drawdown you (and your
clients) can actually stand ... and then gear your system design and testing
to that amount.
term, correlation, as you use it, is a rather generic, loose term. To
tighten it up, you might consider:
to define it numerically
to define it for a dynamic portfolio in which instruments come and go.
much return you are willing to sacrifice for a 1% decrease in
might be off looking for the Holy Grail of Correlations, instead of doing
the real gut work dealing with the feelings of volatility.
Underneath The Rails
no Way to Duck the Volatility.
you don't like volatility
ride roller coasters
trade big-move markets.
Sun, 17 Aug 2003
Congratulations on an excellent website. I've gained quite a lot of useful
insights. I've always admired your perception 'everybody gets what they
want' since reading Market Wizards.
[I am reading a book on kinesiological testing ... getting some incredible
insights along the lines of interconnectedness of human consciousness.
recall running a verification test on kinesiology.
I tell the kinesiologist that his results pass tests for randomness, he says
he knows that ... and he tells me he uses the procedure as a ritual that his
clients accept, while he dispenses common sense advice, like avoiding
tobacco, exercising and watching weight.
for muscle resistance,
encouraging her to
it easy on the jelly beans.
Sun, 17 Aug 2003
Trading Tribe Process
Thank you for sharing this information. I have found it very helpful.
Sun, 17 Aug 2003
You might want to examine your own need to slavishly trot out your own
minute view of pop psychology and visit it on the masses, some of whom may
actually have what they feel are pertinent questions for you. If not, why
not just either ignore the offending emails, and don't waste both
parties' time trying to show them how foolish they are and how wise you are?
A true master is also the best student and listener, Ed. They don't spout.
You may be an amazing trader, but you lack either the good manners or a
basic filter to eliminate the bullshit from your own correspondence life.
Don't bother publicly taking to task the poor guy the other day who can
quite obviously hardly understand English. If I get all flustered and I
ask a stupidly worded question about risk calculation mathematics, and then
babble a bit more, just send me a few-word message telling me I am off base
for this forum, and please, Ed don't send me back a bunch of gibberish about
how my Fred/CM relationship is all screwed up. It is quite simply rude.
We are all honestly working on it. We all try to ask succinct questions when
we either dare or bother to ask at all, and when someone we approach who we
initially think can be respected responds the way I see you respond to
various people, I have to ask, "is this guy really worth talking
to?" Life is short and there is less time for bullshit than that. Leave
And yes, Ed I know I am in serious denial about your whole
collective-unconscious world view, but did you ever stop to think that you
might just be looking at a tiny corner of a much bigger tapestry? What you
are trying to approach is much bigger than your pat descriptions and
prescriptions allow you to see. I think we all know that at gut level. Your
approach is a bit evangelistic and dogmatic for me.
So I will take you off my link list and wish you well, and keep working on
my own thing in my own way here. Learning how to learn, be and DO fluidly is
indeed what it is all about.
All the best, and I mean that,
Don't bother posting this unless you feel a need to. This was from me to
might take a look at the relationship you have with your teachers ... ones
from school, close relationships and, oh yes, the markets.
+ 2 = 4 is pretty obvious
you see it
Teachers give Gold
markets are like that, sometimes.
PS. In case you
are wondering how come you are back checking if your email is on line ... it
has to do with the way you structure your learning, including asking for