May 11 - 20, 2009
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Note: The appearance of a chart on FAQ does not imply
any kind of indication or recommendation to buy, sell, hold or stay out
of any
positions. |
Contributors Say
(Previous from Ed in Red) |
Ed Says |
Wednesday, May 20, 2009
Money
Matters
Chief,
I did not have $3900 for the Workshop and was ashamed. |
Thank you for sharing your feelings.

One Way out of Shame
is to be willing
to experience shame.
Clip:
http://www.thousandtyone.com/blog/content/binary/
AngelDevilOnProgrammersShoulders.gif |
Wednesday, May
20, 2009
Right Here,
Right Now - Population Trends
The new Speed of Expansion - a Must Watch video.
Clip:
http://www.youtube.com/watch?v=cL9Wu2kWwSY |
Thank you for the clip. |
Wednesday, May 20, 2009
Tribe, Come
In Tribe
Ed,
I was trying to contact Tribe in [State] using the email address from
your website.
The email address appears to no longer be valid.
The IP address does appear to be up and active, the mail server rejected
the address.
Is the Trading Tribe still active here? If so how do I contract them? |
If the Tribe is active it is easy to contact them, if not, you can
start your own Tribe.
Clip:
http://www.seykota.com/tribe/
Directory/index.htm
|
Wednesday, May
20, 2009
I Hope This Helps
Dear Ed,
I am very grateful for the workshop experience.
I am not very good with the system dynamics, and not much of a help with
your book.
One thing I think about is your other goal of getting into good physical
shape, and losing weight.
I speak to this lady from the local Hospital.
She is a certified dietician/nutritionist. She has a hospital based
experience from the University of [State] with dietary management of
complex medical problems, such as diabetes and gout.
She can manage, and monitor your diet plan (an easily to follow one). Proper nutrition for physical exercise, for a sustainable weight loss in
a proper healthy rate, and all this without you developing a gout attack
again.
I hope you like the idea. As a doctor, I think it is a good one. |
Thank you for your support. |
Wednesday, May
20, 2009 9:24 AM
The Science of Voodoo: When Mind Attacks Body
Ed,
Hope all is well. Thought you might enjoy this article.
http://www.newscientist.com/article/mg20227081.100-the-science-of-voodoo-when-mind-attacks-body.html?full=true
|
Thank you for the clip.

Our Metaphors
can help steer our realities.
Clip:
http://media.photobucket.com/image/voodoo/
angellasim/voodoo.jpg |
Wednesday, May
20, 2009
Overcomming
Fear of Programming
Ed,
Thank you for
supporting me in my Big Wave. I continue to learn from you. I attach a
spread sheet of my measurements. I acknowledge others contribution for
the spread sheet idea. Thank you both. Not in the spread sheet, I
complete Road Maps 3 and it is very exciting. I am doing the road maps
with my daughter and we commit to complete the study before she goes to
college this fall. I keep track of tasks that I accomplish in my
personal journal.
I overcome my fear of learning programming. I have a friend in my city
who commits to looking over my programming and answer my questions
weekly. Others offer additional support. These give me enough confidence
to start learning C#.
I obtain a license for trading blox and as I begin to know what I am
doing, I commit to learn to build systems using the blox also.
I start to test the systems that is in trading blox and I am figuring
things out.
I start an Essential Tribe activity calendar before July 2008 TT Workshop
and that forms the foundation for the Essential Tribe part of my report.
It continues to expand as members' interests continue to evolve. There
is no lack of activity to do together and everyone is open to learn new
things.
Thank you for your support |
OK. |
Tuesday, May
19, 2009
Completion
Hi Ed,
I notice that I do much work, but don't finish projects through to the
end. This behavior really annoys me, as results are often part of
project completion. This especially annoys me when I notice some of my
initial design ideas are good, but not complete. :) Recently, I do not
break commitments.
I "partially" complete TSP years ago, but never send to you. I use
Trading Blox.
EAC:
We optimize at the same value.
S&R
I double your Icagr, but have more heat.
The heat values on charts are adjustable. However, you may have to scale
to legend to see everything. |
Thank you for sharing your process.

Completion
frees resources for other projects.
Clip:
http://images.inmagine.com/img/
corbis/crb724/crb724011.jpg |
Tuesday, May
19, 2009
K-nots for a
Tribe
I just finished the Trading Tribe book, which I originally began reading
to become a better trader. However, the book struck a deeper nerve in
that I realize that I have many k-nots to untie. My point is that I am
interested in joining a Tribe and taking part in TTP, but I notice that
there are no Tribes in my area. In this case, what is next recommended
step?
|
You might consider starting a Tribe
and / or attending a workshop.
Here is information from my site
about Tribes.
Clip:
http://www.seykota.com/tribe/Directory/
index.htm |
Tuesday, May
19, 2009
Stella
The journey with system dynamics is going strong. I only put in 16 hours
last week, but made great strides. This May 28, 29 I am going to a two
day one one training for Stella. |
OK. |
Tuesday, May
19, 2009
Self-Witnessing a Stroke
Dear Teacher,
I find this link very fascinating. I feel you may too.
http://www.ted.com/index.php/talks/
jill_bolte_taylor_s_powerful_stroke_of_insight.html
I am reading your book. I feel another thanks is in order. |
Thank you for this link. |
Tuesday, May
19, 2009
Intense Moments
Dear Ed,
I am living exciting and intense moments, thanks all of you for being
part of my Support Team.
I feel I am making substantial progress on my Big Wave:
*) I have completed at least 75% of the research on Portfolio Heat,
which I feel being one of the most consuming area of the 5 below:
Dynamic portfolio rules, Dynamic sizing rules, Portfolio “Heat” control
rules, Single-System vs Multi-System Portfolios, Single-Time frame vs
Dual-Time frames.
Currently, I manage to work more then the 10 hours per week as scheduled.
I feel I am budgeting correctly the hours allocated.
*) I have some business opportunities shaping up. I feel this technology
works really fast! I keep you posted.
*) I have completed 20% of the available material in System Dynamics; I
get some insights by reading and working on that.
*) I have collected most of the track records of the major HFs I
consider "my peers".
*) I am having sound, happy and supportive conversations with my
girlfriend.
*) I have called an old friend and scheduled a meeting in two weeks
time. He is part of my Sales Network Support Team.
*) I am having great time in my local Tribe. It “Rocks”!
*) I am learning a lot in being a Receiver and a member of many Support
Teams.
Grazie Mille! (Thousand Thanks, TT)
|
Thank you for sharing your process. |
Tuesday, May
19, 2009
The True Feeling of
Support
Ed,
Thank you all for being part of my support team.
At the IV TTP meeting I’m feeling some issues with my father. My
memory becomes clearer and clearer. I feel a lot of pain. I take those
feelings to Tribe and go through the rocks process.
Ed lists some books on his TTP website. I purchase all the books. I
begin to read Toxic Parents: Overcoming Their Hurtful Legacy and
Reclaiming Your Life. I notice my hands shake when I turn the pages.
I am half way through the book and call my dad and confront him about
the physical abuse that I experienced as a child. He completely denies
anything happened. He tells me that I am making it up. He goes into a
diatribe of personal attacks and attempts to deflect responsibility and
change the subject. I notice that he is in control. I think about
another members great example at the IV TTP meeting of someone who is
in complete control, and I am thankful for the example. I notice that my
dad is still trying to control me.
I call my sister. I tell her that our dad does not remember ever raising
a hand to us. She is extremely angry and says that she remembers the
beatings very well. She says that we have shared memories. I tell her
about the book I’m reading and she expresses her desire to read it and
to talk with me more. It is the first time we speak of the abuses. I am
relieved that I can now talk about it. I feel many different emotions
and sometimes cry, and sometimes laugh. I allow myself to cry and to
laugh when the feeling comes. It is nice to feel. I don’t try to control
the feelings. I just go with them.
I read the entire book and complete all the exercises. The last exercise
is to confront my parents. The book says not to have the confrontation
on the phone, but do it in person if possible and by letter if that is
not possible. I complete my rough draft of what I say to my parents and
am practicing delivering it with my wife. I have an agreement with her
to set a date to meet with my parents this week. The confrontation is
for me to tell my parents the truth and face up to them and decide how
to move forward in my relationship with them. I am open to an
intimacy-based relationship. I am not open to a control-based
relationship. I am considering taking a 30-day vacation from my parents
and mine relationship, so that I can keep healing.
I notice that the feelings I have about how my parent’s abuse (my mother
was highly critical, and verbally and emotionally abusive and enabled my
father’s physical abuse) has negatively impacted just about every area
of my life, including my trading. I never hit my father. I just take the
beatings. I go through the rocks process and no longer allow him to beat
me. I put new resources in my new rock and now he can’t hurt me.
I add a new category to my spreadsheet: Reclaiming Life. I realize this
process is important, and know that all other aspects of my life benefit
from this process.
My wife reads the Trading Tribe book and decides to join the Tribe. She
is now reading Toxic Parents. We practice sending and receiving to one
another. It is a really good experience. We practice receiving each
other every day. We now use TTP to communicate to one another. It is
nice.
I notice that I am now able to execute my trades without hesitation and
can stick to my trading plan. I notice that I am much happier. My
trading plan is not yet a trading system because it is not completely
automated. I still make judgment calls. Judgment calls that are not
supported by computerized back testing. I start to build back testing
strategies that I can optimize. I have no goals on when I complete my
trading system. I measure my progress on my trading system by how long I
spent working on it. I know how I want it to work when I’m done, but I
don’t know how to do it, so I’m just measuring the time I spend working
on it.
I clean up my office and throw out all old educational trading material
from other companies. I begin reviewing the FAQ on Ed’s webpage
and use the search function to find all the information regarding
trading. I make an agreement with myself to complete all the tutorials
listed on the FAQ site.
Thank you all for your willingness to support me. It means a great deal
to me. I am very emotional as I write this. I start to cry. I think how
wonderful it is to have support.
|
Thank you for sharing your process.

When Fathers Beat their Kids
they teach them
how to beat kids.
Clip:
http://www.justfocus.org.nz/wp-content/section59_400.jpg |
Tuesday, May
19, 2009
Both and More
Hi Ed
Thank you for letting me read Trader's Window. I am still processing
many "A-ha's", and chuckling about comic-causey pilots and silly-cone
heads.
I am now crystal clear on "know when to break the rules." The
last line of the poem "Either or? Both and more!" moves me deeply.
I offer to cook my herb-crusted pork loin with apples if there are no
dinner volunteers.
I wonder if I may read more of your writing, and compare "bots" this
trip? |
OK. |
Monday, May
18, 2009
Shy
Dear Support Team,
I am happy with my progress on Wave 1, but not on Wave 2. I write an
update below and attach my measurements.
On my first wave, I make progress through the Road Maps and I do
background research on how I can implement a trading system to manage my
money. I look at back testing software, brokers, and I think of how I
can implement a system that does not violate the personal trading rules
of my employer. I am excited at working on this project because I can
see it being successful and I think it is less complicated than I
originally envisioned.
When I work on the Road Maps, I notice that I occasionally loose focus on
the exercises due to thinking about other things and I wonder if
learning about dynamic feedback system models will be useful in
developing my trading system. I find the scheduling aspect of the big
wave process to be very useful as I previously had simply not dedicated
any time to pursuing this goal.
My effort and motivation for pursuing wave 2 has diminished
significantly. In the time that I schedule for this wave, I try various
activities but I am uncertain about the way to best pursue it.
Ultimately, I lose my confidence and vigor for pursuing the wave. I also
notice that I usually envision this wave in the future, instead of the
now. This is in contrast to my other wave, which I experience in the
now.
Prior to attending Workshop, I realize that since Intentions =
Results, clearly my intention is to be single. I just don't know why
this is my intention. In my conscious mind, I tell myself that I would
like to have a mutually supportive, intimate, long-term relationship. I
have the sense that I have some k-nots about long term relationships
that prevent me from pursuing this wave. I am afraid to take my feelings
about this issue to Tribe. I might feel this way because I don't want to
open up about this topic and / or I am afraid of what I might find. I
think that I need to take these feelings to Tribe in order to make
significant progress on this wave because "doing it myself" is not
working.
Thanks for your support. |
Thank you for sharing your process.

One Way out of Shyness
is to be willing
to be shy.
Clip:
http://images.huffingtonpost.com/gen/35979/
thumbs/s-SHYNESS-large.jpg |
Monday, May
18, 2009
Oh Dear Deer!
Hi Ed,
I am dealing
with a equity high problem and position sizing problem that are part of
the trend. It involves stocks that are at a price of $26 and $36. I am a
little bit stuck in the headlights. |
You might consider taking your
feelings about <headlights> to Tribe.

Oh Dear!
Clip:
http://www.hunt101.com/data/500/
deer_in_the_headlights_look.jpg |
Monday, May
18, 2009
Hot News Flash
sold 11,300 China gold mines (CGM.L ) at 21p
The incredible news is that robbers broke into the mine and stole 5
million tons of ore and threatened the staff. They have closed the mine
as a precaution.
Kind of surreal news story, which smacks of an inside job ...
loss= 2% of account. |
I wonder how observing this news
squares with following your system. |
Monday, May
18, 2009
Progress
Report
Ed,
I keep on working in my wave. I receive feedback from workshop
participants and members of my Tribe pointing at different issues. Some
of them are supportive, some of them are critical, both are very
welcomed.
This week I observe how other people manipulate and control their
relationships. I also see these relationships fail after some time.
I get aware of
people manipulating each other and wonder about me using similar
resources in the past.
For some days I think about a problem. I committed to make my marriage
work. But where is the limit? Am I willing to sacrifice my own needs to
make it work?
If my wife ignores me, or if she starts dating
the postman…I do not have an answer to that.
On Friday, I work on the feeling “I lose control” on the hotseat. I
send a report to the FAQ.
On Saturday, I experience a breakthrough. A situation arises in
which I feel loneliness and abandon. The situation is very frequent. I
know that it can be related to my own issues regarding my relationship
to my mother. But anyway, it is unbearable to me. I still
did not work on this issue on the hotseat.
I used to get angry at that.
But since I enjoy the feeling “anger” I cannot use it anymore to cover
the real feeling, “sadness”. On Saturday I tell my wife about my
sadness and my feelings of loneliness.
She is defensive, makes excuses,
explains me why she acts that way. It takes her a
while to understand what I am saying, to receive me. As she finally understands me I experience an outburst of emotion.
This happens two times this week. It seems to me that I am learning to
receive the feelings of other people, but also to express my needs and
feelings in a way that my wife can understand.
I also observe that my daughter tells me frequently about her fears. We
have a long conversation about her fears about death and getting lost.
Still, my answers are not automatic. However, I see a substantial
increase in intimacy with my wife.
I thank you all for your support! |
Thank you for sharing your process. |
Monday, May
18, 2009
When Robots
Talk
Ed,
Here are some additional links on items that we discuss earlier:
Computers are way ahead of us in clear communication: See below the
parallels on human-to-human send-receive pattern.
If computer programs operate at the "level of agreement" that people
operate from, no computer work ever gets done.
We humans can learn a lot about communicating effectively by studying
computer programming Design Patterns like inversion of
control.
WCF in particular has many useful lessons on requirements for effective
send-receive human-to-human protocols.
As an aside, you might find WCF very useful for your work on networked
trading-program systems. I am studying it heavily now.
Inversion of
Control pattern
http://en.wikipedia.org/wiki/
Inversion_of_control
Dependency Injection:
We humans can
take a lesson from the explicitness of this pattern:
http://en.wikipedia.org/wiki/
Dependency_injection
WCF/Windows Communication Foundation:
Agreement on
Send/Receive via
"Service Contracts", "Operations Contracts", "Data
Contracts" ....interesting stuff Ed, where each of the 2 modules communicating
understand the role/tasks/boundaries and authority of the other
as a basis for communicating:
http://en.wikipedia.org/wiki/
Windows_Communication_Foundation
A WCF Service
is composed of three parts —
a /Service/
class that implements the service to be provided, a /host
environment/ to host the service, and one or more
/endpoints/ to which clients will connect. All communications with the WCF
service will happen via the endpoints. The endpoints specify a
/Contract/ that defines which methods of the Service class will be
accessible via the endpoint; each endpoint may expose a
different set of methods. The endpoints also define a
/binding/ that specifies how a client will communicate with the
service and the address where the endpoint is hosted.
WCF details
http://msdn.microsoft.com/en-us/
netframework/wcf-getting-started.aspx |
Thank you for the links.

When Robots Talk
the topic is likely to come around
to what's between them.
Clip:
http://download.lavadomefive.com/members/
ottsel/comiccon/Aktrez2R.jpg |
Monday, May
18, 2009
Book Progress
Hi Ed,
I am curious about progress with your book.
|
I am developing software for it.
See here.
|
Monday, May
18, 2009
Beneath
Sadness
Hi support group,
Wave (1):
Live in the Now
(Honesty, sharing of emotions with wife)
Measurement: Wife
a) Weekly index of how relationship feels to me
I notice that sharing Now emotions, has really cut the nonsense out my
marriage. However I also notice that I still have much sadness to share.
I notice that my wife is no longer sharing fear, but is moving to anger.
I somehow like this better. I suspect someone else's sadness (read
mother / wife) is something I have been medicating for awhile.
b) I’m staying in the emotional Now when sharing feelings I tell my wife
many times she is perfect as she is.
I notice that she appreciates this.
c) Schedule
Consistency Commitment (%).
I notice that much of my anger with my father and others is disappearing
as I accept myself as perfect and others as perfect. I have fear that
perhaps this method is building weak boundaries (accepting people as
perfect as they are).
However I notice that I share feelings with boss about some boundary
violations which
improves workplace for me. (e.g. I don't want to debate politics with
boss)-so perhaps not.
Wave (2) :
Live in the
Now
(sharing of feelings when possible, no drama,
no judgment)
Measurement:
I also notice that I am enjoying others much more in the workplace
without this judgment.
Schedule: 30
min / week (as communication permits)
This is very significant to me. I am removing this control method
(judging others / self) as much as possible.
Accepting myself as perfect, while working on stuff seems to have muted
much drama. Medicating "Imperfect self" feelings seems to be a big black hole for
muting my life I enjoy the relationship for exactly what it is. I feel
in the Now.
The
consistency is not where I want it, but I believe not placing time
limits on achievements is a big change.
I also notice that I have done much work, but have avoided some
commitments (e.g. I have completed TSP nearly 4 times on 4 different systems, mainly
in for back testing system verification-including my own back testing
system-but have never put together the final work).
Wave (3):
Build a great trading system.
The main point is "NEARLY". I am now focusing on finishing all
commitments.
Schedule:
Roughly 20 hours / week cycle.
I do not want to break any commitments as I feel this the root of my
frustration.
Measurement:
I put in much hard work, but am skipping some feeling. "SMALL" commitment
provides performance of model mediocrity-which makes me very angry
with myself and the process. |
Thank you for sharing your process.

Beneath the Sadness ...

You Might Find Anger.
Clips:
http://www.ed2010.com/files/images/sad%20baby.thumbnail.jpg
http://cdn3.sbnation.com/imported_assets/121144/
angry_baby_head_medium.jpg |
Sunday, May
17, 2009
Pendulum
Model
Ed,
Here's my Vensim PLE pendulum model.
My results match the graphs that appear on
the Dynamic
Feedback System Models page.
I find the exercise of building the pendulum
model a great
learning experience.
I recognize system dynamics and computer
simulations
are excellent tools to analyze complex,
dynamic,
counterintuitive system behaviors that are
otherwise
impossible to comprehend.
Thank you for sharing this exercise.
PS - I notice in "The classic solution for the period..." section, the
solution uses a length of 10,
while The Equations use Length = 15 |
OK. |
Sunday, May 17, 2009
New Tribe
Hi Ed ,
I am interested in taking over the Cape Town South Africa Trading Tribe
since no one is answering the current email address .
Please find my info attached. |

Welcome
Cape Town! |
Sunday, May
17, 2009
Rock Process.
Ed,
I have a problem with opening up, and even after several meetings I am
still holding back. I feel more and more desperation, that I am
wasting time, and I am not able to get the benefits of
the process. I feel I need to get on the hot seat today
We have a new member, someone I have never
seen before. I
am beginning to feel comfortable with
the old
members, but the new one really throws me off, now I cannot
get on the hot seat again, because I feel embarrassed to
open up in front of a stranger.
Then the new member takes the hot seat: turns out I relate with
everything he struggles with. It surprises me: now I do not
have an excuse.
The Chief doubts that I am willing, he asks me repeatedly: he does not
want to proceed and get into a game where I am resisting,
we do not get anywhere. The most I can assure, is that I am willing to go ahead of the
process. I do not believe that it works for me, but I want to try
it, because I want changes in my life desperately.
We get into it, and I settle on an old memory: as a 6 year old, crying at
night scared in my dark room, and being ignored by my parents,
refusing to comfort me.
We create the role play: my mother fighting my father for being drunk,
and my father getting angry and storming out from home
into the rest of the night.
It is not perfect, but very close, and brings back the feelings of feeling
scared and lonely to my surprise. These feelings I
still have today. I deal with them by withdrawing, shutting down,
getting depressed.
Now I am provided with new skills pressed into the new stone:
Communicate feelings; Ask for feelings.
We try them in the role play: I will get into the middle of my parents'
argument, and say that I am scared. I have to say it
repeatedly, because they are so much involved in the
argument, but eventually they stop screaming at each other,
and they look confused, and thinking about what I
say. They paying attention to me know, I feel like I
am not invisible anymore. I ask them how they feel, and
they talk about how upset they are, and immediately
calm down.
I feel very tired after the process.
The next day driving back to the airport from the hotel, I feel
unusually peaceful: it is a beautiful day, and my senses are
sharp: I am in the present, there is no haunting thoughts
heavily bearing down on my mind.
Two days later at work: there is this guy, I am terrified of, because he is
always angry, and he is influential, he can get me into
trouble if he wants to. Generally he is malicious; Not many
people like him.
I always feel a knot in my stomach, and a shiver in my spine whenever I see
him. Sometimes he does not even return my hello, that
makes me feel more afraid.
He is sitting at the desk this morning visibly angry, b****ing about
something to some colleague.
I just walk up to him, and say: "Hi, you seem really pissed off,
what is going on?" He looks at me surprised, this was the most I
have said to him the last 4 years. He starts:
"You know, these idiots..., they do not know how to make the schedule,
it happens again and again, and it really pisses me off", then
he gets uncomfortable, now being aware of his drama, and
starts whining funny in a high pitched voice:..."Yes they piss
me off all the time, I am so pissed..." then he starts
laughing, and say to me :"Please do not make me make fun of myself"
now we are both laughing, I say: "At least you can joke about it, looks
like you feel better."
So a connection is made with this b------ the first time in my life,
and I feel relaxed immediately. I still know that he is no good,
but it does not bother me now. I am not afraid.
Just because me asking about his feelings. Maybe I lose the judgment
too at one point about him. Is he a b------ after all, or
just a confused human being, like any of us, using anger
coping with whatever issue he has?
I am looking forward to experiencing life with my
new rock
making wonders.
I am so grateful to all of you in the IVTT! |
Thank you for sharing your process.

Lions and Lambs can Cooperate
if both are willing.
clip:
http://media.photobucket.com/image/lion%20and%20a%20lamb/cristianajoy/Inspiration/lion-and-the-lamb.jpg |
Sunday, May
17, 2009
New Book
Chief Ed,
I wonder how your new book is doing. |
I am developing software for it. |
Sunday, May
17, 2009
Filing the
Waves
Dear Support Group:
I create a file with all the Big Waves.
I commit to
support. Also create 2 lists, one for my
support team
and another one for the people I support. I now have an
easy way to track progress for my group. |
OK. |
Sunday, May
17, 2009
Following
Up
Dear support team,
I have lots of excuses for not following up with
my Big Wave.
My BW is to contribute, to be a
"Man for
Others". As part of that BW, I commit at the
Reno Workshop
to really follow up with those I support. My
unwillingness disappears, I re-commit to following up.
Thank you for your support. |
Thank you for following up. |
Sunday, May
17, 2009
Some Call
it Magic..
Dear Ed,
I sit at my computer keyboard for almost 2 days
debugging a
trading system. My efforts do not result in success. An
inscrutable bug prevents the system from executing
trades on indicator signals.
You call. We talk. I hang up. I go back to debugging
and make one
more little change.
The system works! Beautifully! This is magic.
Thank you Ed. |
Thank you for sharing your process.

Any Technology That You Do Not Understand
may appear to be magic.
Clip:
http://www.richardnunemaker.com/images/
Dick%20the%20Magician.jpg |
Saturday, May
16, 2009
Thank You
Kind thanks Ed, you have taught me a lot and you don't even know me.
That must be fulfillment. |
You're welcome. |
Friday, May
15, 2009
What is Self?
Dear Ed,
Thank you for
the message. I just received the book a few days ago. I look forward to
reading it once the right time comes. Now is not the right time because
I have much to learn and think about before introducing myself to your
approach.
Before I can develop a trading system that reflects my self, I need to
clarify what that self is. The more obstacles I peel away, the stronger
the conviction that it involves developing a trading system, but I have
a bit more work to do. I imagine that I will turn to The Trading Tribe
either as a guide if I get stuck along the way, or, once I have found
the right mindset, as an encouraging example of the mindset achieved by
a proven trader. I cannot say which of the two will happen - and this is
why I have more work to do first! |
Thank you for sharing your process.
You might consider taking your feelings about <having to do something
else first> to Tribe.

A Semaphore
can give you something else to do.
clip:
http://tinypic.com/view.php?pic=2eckjfr&s=5 |
Friday, May
15, 2009
Control and
Anger
Ed,
Today my Tribe meets for the first time since the workshop. I do not know
which effect the experiences in Reno will have on my interactions with my
Tribe. Today we are only two members, (A) and me.
(A) takes the hot seat
first. I am tired, I drunk too much tea and am excited, and I am fast
in a light trance. As I start managing the process, I
feel uneasy. I behave differently: I talk with a soft voice, I smile and laugh, I encourage
(A) to show his forms and do
not push him
at all. I just enjoy the process and (A)
being the way he is. It is weird: I do not control the
process at
all, I just experience it, and I do not
even decide to
give up control! I feel as
if something changed and I am acting automatically in a different
way.
“A” works on “I want to be a charismatic person”.
He develops
several forms,
and I smile and enjoy him and encourage him to show some
more. No drums, no
shouting, no applauding, nothing, just, me receiving and accepting
him.
He mentions that people do not esteem him. He
avoids attracting people, because they make him
angry. I encourage him to show anger, and he gets
really angry at the furniture and at the floor.
I suggest him to get mad at me while he looks at me in my eyes, and he experiences real wrath. I never saw
this calm young man acting in this way before.
After several outbursts of wrath he experiences deep sadness.
His process reminds me of my own hot seat in Reno.
He remembers an episode in his childhood where he experiences wrath, and
his
reaction leads people to look at him without esteem. I encourage him to
experience wrath several more times, and at the end he is in a state of
bliss.
By the check out I mention that I lead this process
in a different
way: I do not lead it at all, the process
leads itself.
But I also do not feel the feelings of
(A) in my own
body, the tension and the release of tension, as
usual. I mention that I am not certain about the results of the new
approach. (A) says that it was one of his most intense hot seats, and that he
can enjoy wrath now. Well, it seems to work!
I take the next hot seat and (A) manages. My issue is “I do
not set a stop and had a huge loss”. The issue is
complex and consists of several forms: I
check the markets and feel very uneasy (rubbing my eyes), I enter a
position and place a stop (covering my eyes and crying).
Placing stops
feels terrible. (A) prompts me to increase the form, and I start
repeating “I do not deserve it!”. We repeat the cycle some times,
until I enjoy the forms. I see my mother slapping me at
my face (very like the rock process during the
Reno workshop). I think “I do not deserve it!” and start crying.
(A) keeps
encouraging me, but somehow his voice irritates me. I need some
silence. I show him the palm of my open hand, signaling that
I want to cry alone. He
does not talk anymore and I feel despair: the feeling is “my
mother does not love me”. I fall to the floor and cry in deep sadness.
I realize that
my mother loves me, of course she does! And that she
was terribly stressed, she only did not know how to act, she learnt to
hit from her mother. I can enjoy the feeling and smile.
It takes me some minutes to recover. By the check out (A) is very,
very angry. He mentions that he is experiencing wrath (a new
resource). He read the FAQ with my postings after Reno; he
feels that I try to control my own process: I show him my
palm three times, but I remember doing it only once.
He continues that everything that I do to explain is just a
rationalization
of my unwillingness to give up control: after he stops encouraging me, I
carry out the last stages of the hot seat as a DIM process.
He mentions
that he is willing to manage my processes, but that the
next time that I try to stop him, he will just ignore me and
carry on.
I listen to him with attention. I don't know if he is right, but I
acknowledge his wrath. I feel that the process has just begun, and that we
both are in the middle of it. I don't want to stop here! I propose him
to take a short break and to manage my issue
“I cannot give
up control”. He agrees.
We re-start. I re-start rubbing my eyes. He prompts
me to give up
control, and I do. It feels horrible.
It feels like
being physically abused. I start
crying. He suggests that I can stop him, if I will, or not stop
him, but anyway he will carry on. I feel despair: I can do
anything that I will, and he will carry on! And then I see
my father hitting me with his belt. He did
it maybe once or twice in my life. He was definitely not abusive. But I can do
anything that I want and he will hit me anyway! It is
horrible. I break down.
(A) keeps encouraging me. He encourages me to cry more and to feel
more sadness / despair. That is something that I as process
manager do not do: when people start crying after a form,
I let them cry and do not suggest them to
increase the crying. I just let the feeling pour out. But he has just
another style. I keep on crying until I realize that my father
cannot hit me
anymore (he passed by 10 years ago). I love my father, and
he loved me. I feel released and can smile while feeling
sadness. I show him my hand, my
other hand, my feet and shout at him “Stop, stop at once!”. We both laugh.
Now, not controlling the situation is laughable.
I am still worried about me managing processes. I am not certain about
the results of a process, if I do not control what is
happening. But then I realize: Processes happen, nobody needs
to control them. If the sender and the manager are committed
and willing and agree to have a result, well, then
results are unavoidable.
By the final check out (A) mentions his admiration
for my
willingness of working ad hoc on the issue
“I give
up control” as he mentions it. He is also surprised that his new
resource “wrath” appears and helps him to show
me the right path. He also mentions that this time managing a process was
much easier for him, he feels free to do it and not
“controlled” by me.
During all this time I wanted to control the processes,
not knowing if
my fellow Tribesmen and women are able to do it without
my support. Now, I realize that (A) is a very capable and
skilled, very strong process manager who just does thing a
little bit different than I do. I have, as always, to
sleep a couple of times until the feelings seed. |
Thank you for sharing your
process.

Control-centric people ...

... and anger-centric people
may find themselves
to be a perfect chemical match.
Clips:
http://www.tampabay.com/multimedia/archive/
00028/b4s_genhood062108_28075d.jpg
http://www.diamondtraining.org.uk/images/
angryman.gif |
Friday, May
15, 2009
The River of Gold
Dear Ed;
I had a picture, which I am using to work towards a Rocks / Hotseat
process. I'm taking notes on feelings useful trigger
words to help me with the process.
Here is a bit of the picture:
As I was returning from
[State]
from the hospital, crossing over the State line,
glad to be getting home, I had a strong vision of
being near a lake of gold. Then I saw myself, sitting on a
rock in the middle of a mountain stream, a torrent of
gold. So my hot seat issue would be- why the h--- can't
I get off that comfortable rock and into the
current of gold , which is all around me? Why am I sitting on a big rock in the middle of a stream of
gold, and not splashing my way downstream to the
lake?
That's my thought. With your permission I would like
to attend the
final three tribe meeting. I am really
sorry to have
missed so much.
Also, I just added you to my Report List.
Thank you for your work. |
Thank you for sharing your vision.
You might consider noticing the date
of your vision on the gold chart.

Sometimes Gold Flows Down River
and sometimes up.
Clip:
http://farm4.static.flickr.com/3268/
2909227090_3c45ef2b1e.jpg |
Friday, May
15, 2009
Worry
Dear Chief,
Are you OK? I worry about you. |
Thank you for worrying.

The Positive Intention of Worry
is to get it right.
clip:
http://www.eharmony.com/labs/blog/wp-content/uploads/2007/07/520023_78972496-from-stock-xchng-downloaded-free-7-5-07.jpg |
Friday, May
15, 2009
Portfolio
Re-balancing
Thanks Ed.
I intend to work on this and report back when I have some results.
****
This is to follow up on your Portfolio
Re-balancing
Project.
Your approach seems sound.
*****
I recall calling you early March regarding your suggestion for a new
research project, namely Portfolio Rebalancing.
My notes show you making the following point: contrary to popular
belief Portfolio Rebalancing may actually damage
portfolio performance as it reduces winning positions and
increases losing ones.
You suggest simulating portfolio rebalancing by randomly selecting 100
stocks, allocating starting equity evenly to each one,
rebalancing every 3 months to maintain equal equity amounts
in each stock, and comparing the results to the same
portfolio without rebalancing.
You suggest running a simple trend following system
on the stocks,
I suggest, instead, simply buying the
randomly
selected stocks as it removes one variable
from the test
(the system). You are happy with this.
I am creating a plan for this project:
I intend to use a $10,000,000 starting account size,
dividing this
into 100 lots of $100,000 each. To measure the portfolio
performance I intend to look at the compound annual return,
maximum drawdown, and some measures of bliss,
possibly Sharpe and your Lake Ratio.
I suspect the results may vary between tests, due to
the following
factors:
1. Different stock selections.
2. Different market conditions.
3. Different rebalancing intervals.
I intend to take a number of trials and examine the
average values
of the results to reduce the randomness associated
with different stocks in each trial.
I intend to look at results over different time periods to see what
effect different market conditions have.
I intend to look at different rebalancing intervals only
after
completing the above tests using the 3 month interval.
Do you have any comments or suggestions? |
Thank you for sharing your project.

When the Teeter-Totter
is in perfect balance,
it stops moving.
Clip:
http://www.hendricksmn.com/hendricks_mn/
teeter_totter_1b.jpg |
Friday, May
15, 2009
Support Tree
Hello All,
To report my process tree for creating additional
support in my
big wave:
Process: Create additional support for mastering
right
livelihood. Build and participate in Tribe process.
Commitment: I commit 30 minutes per day until
additional non
DIM support is in place.
Support: My TTP support group and my trading
group.
Measurement:
Time log.
Competed additions of support as a line items in
my big wave
I have two initial items that members of this group
might be able
to provide direct help.
1) locate/create a local TTP tribe. There are two
[City] tribes
listed in the directory, but I have
been unable to
contact either of them. I'm wondering
if anyone has
any information about them, or if
anyone is
interesting is helping me set up a new local tribe.
2) I wonder if professional services might include
meeting with
my current trading group to assist us
in adding
structure to our process.
Thank you All for your support. |
You might consider re-writing your
contribution - and getting help / feedback from some of your friends who
are proficient with English.

Strunk and White
Clip:
http://ecx.images-amazon.com/images/I/514B109M2PL.jpg |
Friday, May 15, 2009
Wants to
Purchase from Chile
Hello,
I am the Trading Tribe Leader in
[City].
I would like to buy Ed's book , but I only have American Express card.
Is there any way to do it? Perhaps via wire transfer, or Western Union,
or Money Gram. |
I accept PayPal or you can mail a
money order. See the website for more information.
http://www.seykota.com/tribe/
Book/Order/index.htm
|
Friday, May
15, 2009
Family
Dear TTP Supporters.
Thank you for supporting me in my Big Wave.
Thank ED very much to be a role model and e
true
Chief.
I'm sending one picture with my
daughter
(Brown eyes) and my niece (blue eyes)
.

Thank you for helping me attain right livelihood.
THANK YOU!!!! |
Thank You for sharing your process,
and the picture of your Essential Tribe. |
Friday, May
15, 2009
Book
Arrival
I thank you for mailing TT book pronto, I get it today. I read some
parts of it, I feel and learn. I also feel surprised you
don't autograph it. I hope there is no deep meaning
to not signing the book. I am afraid of depth ;-).
It seems I have to travel to there from here to get you to sign the
book.
I am doing that. |
Thank you for your note.

Travel is a Good Way
to get from now to now.
Clip:
http://regmedia.co.uk/2008/07/01/flying_c5.jpg |
Thursday, May
14, 2009
My Tsunami is going another way...
Hello All. Thank you for your support.
I delayed my first newsletter while clarifying my
big wave. You
committed to supporting me in "Continued
exponential growth in my trading
group." Upon returning from Reno I've been
experiencing a bifurcation or major "AHA". My
trading group is succeeding and I'm grateful
to have partners that are committed to a Grow-Grow
partnership. We have a well defined process in
place with strong support and
measurement
tools. I wonder if changing my process to be
more specific to my personal growth
contains more volume. Therefore, I broadened the
scope of my big wave.
To master genuine/right/authentic livelihood.
Commitment:
Direct commitment = 3 hours per day participating,
creating,
studying TTP and TTP type process that
promote Right
Livelihood.
Indirect commitment = Conscientious awareness throughout the
entire day of my behaviors.
Support:
My current trading partners. My TTP workshop support group.
I Commit to a process tree for creating additional support.
Measurement:
Build a time management log to plot time commitments
for this as well as other processes.
Create a "google calendar" to share with each support group to
display and monitor commitments / progress.
I Commit to a process tree for additional measurement tools.
Anyone who signed on to support me due to the trading nature of my
original wave that is no longer willing to support
this wave, thank you for your original support. For those who
are stilling willing to support me in mastering
Right Livelihood, Thank you for your support. |
Thank you for sharing your
process. |
Thursday, May
14, 2009
Demanding Bosses
See Previous
Thank you for reading and answering.
Actually they demanded that I cover my
entire
position. I decide to lighten up half the position. Now the relationship is much better. Probably because my new
Big Wave. And now they are trading based in a system do make
day-trade.
Thank you.
|
Thank you for sharing your process.

You Usually have Options
about how to respond
to a demand.
Clip:
http://bakersfield.mybrighthouse.com/uploadedImages/
Divisions/Bak_Content/you%20on%20demand%20button%20copy.gif |
Thursday, May
14, 2009
New Bugs Found...
Ed,
Wikipedia provides a list of some unusual
software bugs:
http://en.wikipedia.org/wiki/
Unusual_software_bug
I recall experiencing these scenarios during my software
development career
and having no "handles" or names for them.
I get a few good chuckles and laughs out of reading this.
I'm adding a few new bug-words to my vocabulary. |
Thank you for the link.

If you Like a Bug
it becomes a feature.
clip:
http://www.transbuddha.com/images/uploads/
2008/01/spiny-assassin.jpg |
Thursday, May
14, 2009
I prepare to attend the IVTT tribe for the first time.
I feel very
anxious and worried about the “HOT SEAT”. I spend the afternoon prior to the tribe meeting
reviewing some
notes from the 2007 workshop and contemplating
what I feel.
I review self-sabotaging actions in my trading
and life. In summary, before the tribe meeting, I
note that I feel afraid and over-confident all at the
same time, there seems to be something inside that seems to
want to defy the trend rather than going with the flow,
there is a cycle of getting rid of profits or simply not
being able to hold positive trades to their fruition which equals
2nd guessing.
I make a note that I remember feeling that
making money and “money” in general was more important
than me growing up and my father was mostly absent.
I note I resent the over-control of my parents
growing up and them giving something then not allowing me to
have ownership. In my mind I relate it closely to a
“computer virus” that keeps running at certain trigger points
in my life whether it is trading related or life in general. I
remember and note a quote from FAQ’s from Yoda … do or do
not, do not try - which is an encouragement to move into
the process of facing these issues.
Regardless of trading I
have a desire to change these patterns which will
benefit myself and my relationships with my family and friends.
I arrive at the tribe meeting and meet everyone
which is very
enjoyable.
We begin the tribe meeting with check-in and
each person shares how they feel and a little about
what is going on in their life currently. It is encouraging to
hear that so many of the issues each of us face are very
similar. It is my turn and I feel very anxious about sharing.
I share that I feel basically worthless. I seem to give back
profits in trading and perhaps feel I must
not deserve
anything positive. I am questioned about my “commitment
level” and various tribe members comment about my
willingness leve - a tribe member comments that it sounds
forced and I respond that I feel that it is coming from
within forced because my anxiety level is so high.
I am
terrified of public speaking and heights. They seem to invoke
the same reaction. Ed questions my willingness to tackle
these issues and my commitment that if we embark on a
Hot Seat that I will complete the process even though it can
be excruciating at times. I assure Ed that I am
committed. In
my mind I hear the words ringing out
Do or Do Not,
Do not try and I am committed to jumping into the abyss
and I can’t see the bottom of the cliff. I also recall a song
that is encouraging I’m Yours by Jason Mraz and the lyrics
says "I’ll be giving it my best now, Nothing’s going to stop
me but divine intervention, I reckon it’s again my turn
to win some or learn some, I won’t hesitate no more, no, more It cannot wait, I’m Yours"
Clip:
http://www.youtube.com/watch?v=LYhrYHmUPn0 .
I respond to Ed motioning with my right hand about these
feelings and
Ed asks me to begin doing that more…moving my hand back
and forth and repeating “I feel worthless” which is what
basically came out at the end of my sharing my feelings. I
begin moving my hand and arm back and worth and
others pick up on other forms…moving my other hand back and
forth no my leg, moving my head side to side, and
my facial expression that was stressed. I feel myself
moving towards constant motion and I hear other
encouragement to keep going and crank it up…I keep
going…I soon find myself almost in a complete
spasm and the
experience feels very intense. I keep going.
I hear voices
all around encouraging me to go for it and crank it
up…and then I hear Ed say crank it up more and tighten it
up…I feel every fiber of my being giving every ounce of
emotion and fight to increase the intensity…at the peak of
intensity and at utter exhaustion I hear Ed say now freeze it
there.
I feel at some point my usual “control” left my mind
disconnected…perhaps like treading water until
there is no physical stamina left to stay above
water and I stopped
struggling.
After Ed said freeze it there it was as if I had
given up while swimming and now I was breathing underwater…I
was present but not in the same state. Ed asks me to
recall an incident from my childhood…any incident. I pause…my
mind seems blank for a moment…the next thought.
I recall when
I was 14 years old or so and at that moment my father is on
top of me…we have just gone through lots of
furniture, things breaking and his hands are around my neck and
then he is swinging at me. It is as I am in the
very room again and I can see the situation play out. I
had made a smart comment to my father and his
response was immediate and forceful.
I verbalize
what is going on and Ed asks who else is there and what
are they doing. In the middle of recalling this incident
my mind goes further back to 1975 and my father
and I are watching Ali vs. Frazier, the thrilla in Manilla…I am 9 years old. We watch
the fight and
after the fight we put on the Everlast Boxing gloves.
I am in the
room and remember who was there and the surroundings. We begin
boxing with the gloves and I got a little too rough for
my father…he responds by laying me out and then I am
on the ground hurt and beaten.
My mother
comes in hysterical and is berating my
father because he can never leave it at that and
“someone always has to get hurt” and I remember
that this
seems to be a recurring event. I describe
the others in
the room and how my mother reacts
in the
situation…how my sister reacts. I stay in this
state…remaining in this room from my past while I listen to my surroundings. I describe how my mother
responds to my
father about the incident and how
she has always
resented his fighting and his conflicts
with others. I
recall that this has been ongoing much
before me being 9 years old.
Ed asks about my relationship
with my father, my mother, my sister and is this
pattern repeated…I describe from as far back as I remember that my mother had talked to me
about problems
with my father and there was always a deep resentment that he was abusive and was involved with “fighting”. I am not sure how it
comes out that the
rock I am carrying is to fight for my mother…in the
process I have an “aha” experience of seeing how
this rock has affected all of my relationships and I see clearly the tendency to “fight” in some
fashion the
prevailing authority or the market. I come out of the
past and we recreate this scenario and I have an opportunity
to see how the rock is passed and ultimately
when the scenario is recreated I refuse the rock from my
family of origin. The pattern of behavior that presented
in my life was to
1. Tease or pick a fight with the
authority (in the current market environment I asked if anyone did not notice the “bull horns
sticking out my back)
2. After getting smacked by the authority the
process
was to shut
down or go unconscious in some respect
3. If
overwhelmed to simply stay down. The tribal process was able to implement a new rock…a new process, new script of relating when faced with these
dynamics…the
new rock gave me several much more
constructive
options
1. Don’t tease or fight with your Dad
2. Ask my
mother how she feels and listen to her feelings without
engaging in the offer to “fight dad for her”
3. Tell my
father how I feel…share my feelings with
all involved
4. a 5% solution to be used is to stay down if overwhelmed
or to simply “get out of the way or run if in danger”
or play dead…
5. Be purposefully patient, which is to
stay fully focused, awake and alert and to wait for the
right opportunity to pursue a course of action
6. Be open
minded…be ever alert to new creative ideas.
We rehearsed
the responses and implemented the
new rock and I
received it.
It was a very supportive process and I felt so much
support from
my tribe members. I return home and
face a
difficult situation immediately. I am able to receive the feelings
of family members and others and stay “purposely patient” during the process that is
still unfolding. I notice I
feel different the next day after the process. I notice that as I slow down and live in the now
that the new rock
releases its contents. I want to thank all of my tribe members
for so much love and support. |
Thank you for sharing your
process.

Ali - Frazier
Some fights can leave scars
thousands of miles away.
clip:
http://img.nytstore.com/IMAGES/
NSAPNL5_LARGE.JPG |
Thursday, May
14, 2009
Journey of Self Discovery
Dear Ed,
It was a dream come true when I heard your voice
last night during the Tribe Meet in [Country]. I was the
guest in that meeting. I hold you in very
high esteem for your remarkable service towards
people whom you have never met, yet helping
them mature & develop as better individuals,
both on the personal and professional front. It is
rightly said that distances that are separated by
miles are bound together by thoughts.
There are three types of men,
(a) those who have money but no
heart,
(b) those who have heart but no money, and
lastly, (c) those who have both.
It is the
rarest of rare gift of God to fall in the last category as
that requires compassion, wisdom, enlightenment
& money of course : ) wherein we hold grudge
towards none, and that I can see in you from
the bottom of my heart.
I am not a very active trader though but I am working on my
system that is a trend following one,
wherein no
predictions are permitted & with clear & precise rules. I will
definitely share my development on this with you and
seek your advice and guidance on the same. I remember a
nice saying” Trading is a journey of self-discovery.” It appears to
sound so true.
Thanks again for being a fountainhead of inspiration,
because in
this world that is turning more and more
materialistic
every moment, men like you are a treasure to be
cherished & revered. |
Thank you for your support.

Clip:
http://www.sundancergraphics.com/jpg%20images/NamasteLarge.gif |
Thursday, May
14, 2009
Progress
Hi Ed,
It is only in recent years (particularly through TTP) that I appreciate
the essence of being held accountable and taking
personal responsibility, so I like the emphasis on measuring
progress in Big
Wave.
I have a question: is setback also "progress"?
Progress seems to have an implicit "positive" connotation (by positive I
mean moving towards). From dictionary, its various
definitions are:
a movement toward a goal, advancement in general,
and growth or
development.
So when I am measuring "progress", for example,
say if I use
my PNL curve as an objective measurement on how I am
"progressing" as a trader, then are drawdown also
"progress"?
It seems that, especially if I am trading
strategies with positive skewness, then I likely encounter
plenty of drawdown, and I am unsure if they are
"progress." Presumably I have some snapshot in mind
that I prefer
(e.g. a statement showing exponential growth in my trading
account), and if progress is when we are "moving
towards" that snapshot, then as an objective measurement,
doesn't drawdown move us away? But drawdown seems
to be a natural part of trend-trading, or any trading
in general. The longer we trade, the bigger we can expect
the maximum drawdown for any strategy be
(up toward that uncle point where the trader is
forced to shut down the strategy).
I wonder if I view progress as "movement towards
a goal" (as
the dictionary suggest), and if drawdown
moves me away,
then by having emphasizing on
measuring
progress it may encourage me to avoid
drawdowns,
which seems impossible and may
hinder
performance? Thanks. |
I wonder how you define progress.

When You Stop Measuring Progress
in terms of things
and when you start
measuring progress
in terms of staying in the now,
you are making some
progress.
clip:
http://laelaps.files.wordpress.com/2007/
08/progress4.jpg |
Thursday, May
14, 2009
Blue Buckets
Ed,
I enter a position (stock option). I place a “mental” stop. The market
runs against me and the price hits the stop. But since the
stock is oversold, I decide to wait for a recovery. The stock
falls further and the instrument is knocked out. In short:
instead of the maximal programmed loss of 2%, I
lose almost 6%.
I think about my feelings: I am REALLY FURIOUS!
How did I not
place real stops! It is STUPID! But since
Reno I enjoy
being furious. I am really mad about it,
but I enjoy
the feeling. I laugh while I repeat “I am
furious, I am furious”. I have a vague memory of a little
blue bucket. What does it mean?
I place stops in all other open positions. No “mental stops”.
The next morning I check the market. I wonder if
I have a loss,
and how huge it is. I experience the
usual feelings
of fear and anxiety. However, I remember that I placed
stops the day before. All open positions are in +, and I cannot
have a loss. I realize that I do not have to be afraid
or anxious. I feel an overwhelming sadness. I close the
door of my office, knowing what is going to happen.
The sadness grows. I deliberately think again about this: “I have
placed stops; I am not going to lose money”. I start crying
and cry for minutes. I cannot and will not stop crying. As the
tears recede, I experience joy. I reproduce the cycle some
times: I look at the screen - I have stops in place – I
do not loss money – I am very sad and cry – I enjoy the
feeling.
After some cycles I remember playing with a blue bucket at the
seaside. I am maybe 4 or 5 years old. I let the bucket
go with the waves and hold it again. I thought that I can
control it, but the waves wash it away. I look for it in
despair. It is gone. I cannot find it anymore. Aha.
The last time I look at the screen, it is +14% and all
stops are in
place. |
Thank you for sharing your process.
I wonder how you know when something is oversold.

Losing Your Bucket
is not the same
as letting it go.
clip:
http://image40.webshots.com/41/3/39/55/
2374339550087668768FAGwaH_ph.jpg |
Wednesday, May
13, 2009
Namaste
Respected Guruji,
Namaste. I bow
my head to you and seek your
blessings.
Thank You
Guruji very much for speaking to us yesterday and the
enlightening kind magical words. I am in state of
trance and high.
I ponder over how can I use the TTP in my personal life and
interaction with people. I commit to being a good receiver, to
never judge and label, to not use words like why or should
& test the willingness to interact on a feelings
level. I have confidence that the TTP will make a huge
difference to my personal life just as it does to
my professional life. |
Thank you for sharing your process.

Namaste
Clip:
http://k53.pbase.com/u20/mreichel/large/
20553320.Namaste.jpg |
Wednesday, May
13, 2009
Thank you
Dear Chief Ed,
It is indeed a pleasure speaking with you from our tribe leader office.
Your continual guidance is an invaluable resource for each of us - and we
continue to follow the tenets of TTP in our daily lives.
Thank you for the pro-active response of communicating on a feelings
level for attaining intimacy in situations where control and
associated drama are appearing.. I will implement the test for
willingness when similar incidents manifest in all my
relationships.
Just after the phone call - a tribe member and me
role-play a
situation where an argument is developing.
I gently test my colleague for willingness to communicate on a feelings
level, and initially notice some confusion on his face;
gradually he seems to get less engaging and I observe his
facial features tend to soften, indicating his
willingness to communicate on a different plane. The tension
dissipates. |
Thank you for sharing your process.

Intimacy and Effectiveness
rest on mutual willingness.
Clip:
http://www.thephoenixinstitutetransformyourlife.org/
handshake.jpg |
Wednesday, May
13, 2009
Transatlantic Trading
Dear Ed,
Somehow your comment below has provoked me to
send this
"stream of information" to you. But I
suspect some
positive things will emerge from it.
"I wonder if you feel your stock selection method and
your entry,
position sizing and exits are all on back-test automatic"
If you go through the trades I have been sending you, you can see
how effective and profitable my trading is, ( at least 3
of them have made 35%+ in just a few days)
E.g.
CREO.L long at 212 sold at 315p
CWP.L long at 84p sold at 127p
JPR.L short at 32.75 now trading at 19.25p ( One day later )
You can open a CFD (contracts for difference) account
here in UK,
which allows geared trading of stocks long
and short and
appoint me power of attorney to execute these trades
for you.
I suggest a £12,500 experimental account comprised of £10,000 from
you, and £2,500 from me, in the unlikely event that the
value drops to £10,000 or less then we can end the
experiment
and you will get your £10,000 back in full.
(Basically I am giving you a guarantee of zero loss, for the reasons of
showing my good intentions, and proving to you that I am a
competent trader)
I will not charge you any fees on profits I make for you during this
experiment.
This trial can be done until you are convinced that you feel comfortable
with me trading funds for you, up to a maximum
of 1 year.Once a pre-agreed percentage gain has been achieved on the account (
I suggest 100% ) then we can talk again about setting up a
larger pool to trade.
I am only interested in trading funds for you personally.
If you decide you can trust me to trade funds for you after the
experiment, then I can get SFA regulated if required and will
require a 33% performance fee, with no management fee.
If you want me to stop sending my trades, just tell me and I will stop
sending them, but I suggest you monitor them for a while to see
the performance. |
You might consider putting your
track record in standard form, including your MAR, from an actual
account.

Somethings Work Better
when you follow the standard rules.
Clip:
http://www.ohiodentalclinics.com/curricula/operations/
images/3_2_forms.jpg |
Wednesday, May
13, 2009
Moral of the
Story
Two couples were playing poker one evening.
Jim
accidentally dropped some cards on the floor.
When he bent
down under the table to pick them up, he noticed Bob's wife, Sue wasn't wearing any underwear under her dress! Shocked by this, Jim upon trying to sit back up again, hit his head
on the table and emerged red-faced.
Later, Jim went to the kitchen to get some refreshments. Bob's wife
followed and asked, 'Did you see anything that you like under
there?'
Surprised by her boldness, Jim admitted that, well indeed he did. She
said, 'Well, you can have it but it will cost you £500.'
After taking a minute or two to assess the financial and moral costs of this
offer, Jim confirms that he is interested. Sue told him that since
her husband Bob worked Friday afternoons and Jim didn't,
Jim should be at her house around 2 p.m. Friday afternoon.
When Friday rolled around, Jim showed up at Bob's
house at 2
p.m. sharp and after paying Sue the agreed sum of £500 -
they went to the bedroom and
closed their transaction, as agreed. Jim quickly dressed and left. As usual, Bob came home
from work at 6
p.m. And upon arriving, asked his wife: 'Did Jim come
by the house this
afternoon?' With a lump in her throat Sue answered
'Why yes, he
did stop by for a few minutes this afternoon.' Her heart
nearly skipped a beat when her
husband curtly asked, 'And did he give you £500?'
Sue, using her best poker face, replied, 'Well, yes,
in fact he did
give me £500.'
Bob, with a relieved, satisfied look on his face ,
surprised his
wife by saying, 'He came by the
office this
morning and borrowed £500 from me.
He promised he'd stop by our house this afternoon
on his way
home and pay the money back..'
As applied to
the current financial crisis, the
characters in
the above story are represented as follows:
Jim = Goldman Sachs
Bob = AIG
Sue = US taxpayer |
Thank you for the yarn.

Poker
can be an exercise
in risk control.
Clip:
http://www.thedailygreen.com/cm/
thedailygreen/images/PC/strip-poker-lg.jpg |
Tuesday, May
12, 2009
The Final Turn Home
Dear Tribe;
My husband and
I have FINALLY returned home.
What started
out as a two-day check-up turned into four operations,
and two weeks in San Jose.
The doctor
declared him the, "The Most Difficult Case of My Career".
I still can't believe I'm home. I will be plowing
through the
mail and be getting back to you.
I'm much, much
happier- but very, very, tired. |
I wonder how you feel about this. |
Tuesday, May
12, 2009
Watch the Wave
Dear TTP Big Wave Support Team:
This is to report my progress and commitment
to my Big
Wave.
First thank you for volunteering to support my
Big Wave.
- I had a dinner with my wife and daughter last Friday. Wednesday we
have (had) a kid’s party that we went together. This Sunday we
go in my building and we play
together (Me, my wife and my daughter.)
My daughter
was riding bicycle, I was running and
my wife was
playing around with us. It’s amazing.
I don’t
remember once we play together. Thank you.
The
relationship between us is improving every day.
Thank you for
supporting me.
- I had three signals with my system that I followed
without any
hesitation. Thank you.
- I continued suffering pressure from my bosses to cover my profitable
position. They had a very bad week and they can’t
stand a very small position for them being so
profitable. We had a discussion about my position and I
said: “I’m sorry. I can’t reduce my position. I have
committed that I follow my system happen what happen
and with (you) my Big Wave supporters.
Next day I’m
alone with one of my bosses (I have four) and we start
to have a conversation about the discussion that I had
with other two bosses one day before. I start to cry
and say. “I can’t reduce my position. I follow my
system. My system is very good”. He says: “if I
were you I would decrease your
position to
lighten up the climate here”. I cover
half of my
position. I’m sorry supporters. I don’t
need to tell
you that the market is below my price (I’m short).
- I decide to add one item in my big wave.
- I have a wonderful relationship with my bosses.
The good part is one of my bosses is calling me
“Little
Seykota”. I say it’s a honor be called “Little Seykota”.
Thank you for supporting me and improve my Big Wave.
My Big Wave is
- Stick to my system
- I have a wonderful relationship with my wife and daughter
- I accept the others the way they are.
- I have a wonderful relationship with my bosses.
Support:
You (being one of the important person) I'm my support team.
My tribe
My family
Measurement:
- I commit to send a spreadsheet every two weeks
contains the
trades generate by my system and the execution.
- I have a dinner with my family every Wednesday
and we go out
one day on Sunday or Saturday. |
Thank you for sharing your process.

Family: The Essential Tribe
Clip:
http://wwwdelivery.superstock.com/WI/223/1647/
PreviewComp/SuperStock_1647R-19622.jpg
|
Tuesday, May
12, 2009 9:45 AM
Essentially the Essential Card
Hello,
I followed the instructions to get the Trading
tribe
Essential card, I sent the letter last week
and I did not
receive it yet.
I was wondering if there was any problem with the
envelope or
the $1 that I sent in the mail. |
You might consider taking your
feelings about <waiting> to Tribe.

Impatience
is the unwillingness to
experience the feeling of waiting.
clip:
http://www.real-english.com/reo/7/images/impatient.jpg |
Tuesday, May
12, 2009
Is Intention = Goal?
Ed,
In the equation intention = result, is it as well true
that
goal = result?
What is (are) the difference (s) between
"Intention"
and "Goal"?? |
A goal is a value, against which to
measure a level in order to set a rate.
The result is the set of all system
properties over the course of a run.
See the Milk Model.

The Goal is an Element in the Game
It is not the structure (intention).
It is not the behavior (result).
Clip:
http://www.norwichathletics.com/images/
mhockey/Hockey_2006_ECAC.jpg |
Monday, May
11, 2009
Die-et Support
Ed,
After my return from Reno I intentionally stopped my
weekly calls
to support you in your quest for fitness and weight
reduction, since I do not want to control you. However,
yesterday I received an email from an
acquaintance
reminding me of my commitment to
send a weekly
email with my report (it was 2 days too late). I realize how
important his support and his, yes, control are.
Hence, if you consider it good, I can re-start calling you weekly to ask
about your exercise and diet. Just let me know.
I keep on supporting you. |
Thank you for your support.
|
Monday, May
11, 2009
Tribes in Chile
Hi,
A few weeks ago I sent the file for starting the new tribe in Chile.
Now I need to change the e-mail I appointed in there. |

Welcome
Santiago
Chile |
Monday, May
11, 2009
To live without a forecast...
Dear All,
Thank you for your support and feedback.
As a result of comments I intend to omit forecast hours and variance
from my time log. This is goal seeking and involves
negative feedback.
I intend to spend as much of my free time as I can on my Big Wave
each week. I also intend to work on
clarifying my
measurement on growth in relationships.
Thank you for your comments. Health includes going
to the gym
(early in the am) and nutrition –
eating at home
with my wife.
I like your suggestion of doing a weekly activity with my wife and aim
to implement it.
I am fine with you or anyone else modifying the spreadsheet according to
their Big Wave. I am also open to feedback or
thoughts on how to improve this for the benefit of all.
Thank you for the encouragement. |
Thank you for the report. |
Monday, May
11, 2009
WinMerge
Ed,
Here's a great software tool for file comparison,
directory
comparison and
merging changes that you may find useful:
link: http://winmerge.org
It's free, open-source software. |
Thank you for the link. |
Monday, May
11, 2009
Can't Strangers Be Nice Anymore?
Dear Support Team,
Here is my first Big Wave report.
(See the end of this email for a description of my Big Wave)
Schedule & Measurement Report
1) Spend 10 hrs per 2 weeks on meeting & talking to
strangers, or
talking to people I usually only email.
Report: I spend 3hrs 10min actually talking to people, and I
spend another 7hrs 30min on setting myself up to meet people, by
purposefully leaving home instead of staying in.
2) Have 14 occasions per 2 weeks of starting a conversation with
strangers, or with vaguely familiar people, or being brushed off, told
off, or rejected
Report: I actually have 23 such occasions. Eight in my
neighborhood (elevator, street, pool, boardwalk, beach), five while
going out (bars & restaurants) and ten times I call someone I normally
would not call. On one occasion I am told off for exploiting an
bureaucratic error.
Feelings, AHAs & Receiving Report
1. Feeling & AHA
I notice feelings of discomfort and revulsion every morning, because I
plan to make a daily business call to somebody I don’t know. It feels a
bit like being strangled, as if no words can be spoken. Once I am at
work the feeling gets less.
When I actually make the call, the feeling
is gone and I don’t feel much. (Note: as a market maker before 1997, I
worked the phones many hours a day. Since 1997 I am living on my
self-created, uninhabited island.)
I tape-record one call to a fund administrator in the British VI. When I
listen the recording back, I notice something: Whereas I reply to the
other person instantaneously when he stops talking, he waits a few
seconds with his replies to me, as if to think of an answer. I wonder
why I don’t do the same, instead of already thinking of an answer when
the other person still speaks, thereby missing parts of what is being
said… It’s so plain an simple that I wonder why I haven’t noticed this
before. I feel a bit embarrassed to report to you that this is an AHA
for me.
2 . Feeling & AHA
On Friday night I plan to go out on my own and I plan to actually talk
to people. I feel fearful, sad and depressed about this. I don’t want to
go, but my commitment to my Big Wave and to you, support team, makes me
go anyway. At [bar] at 8pm I see three women at the pool bar. The thought of ordering a drink near them scares me and I want to go as far
away as possible, so I walk to the back fence and look over it (there is
nothing to see). I quickly
leave the place, feeling even more depressed.
I go to [another bar], order a beer and watch the live band.
I feel a
small, hard ball in my stomach that I have never felt before. In fact, I
never feel much of anything in my stomach and I wonder what this is (a
result of the Rocks process in Reno ?) Now I really feel sad and I go
with that sad feeling, instead of trying to appear upbeat (as I usually
do). I notice a slow surge in my confidence that keeps surging when the
night progresses.
Later on I notice that by just feeling my sadness, is
what makes me feel confident. HEY, That’s cool! Before I know it I am talking with people; four times on my initiative, twice on the
initiative of someone else. I am not nervous or fearful at all. I do
notice that the conversations are brief and that I have little to say,
other than where are you from, etc. But I also notice people are
unusually friendly to me tonight; smiles all around.
It brings back
memories from 25 years ago, when I wasn’t so stuck socially. I go home
elated. I wonder how come that I forgot how to socialize. The next
couple of days I feel very confident and happy. And I have a big AHA:
Faking how I feel makes me insecure, expressing how I feel (good or bad)
makes me confident.
3. Receiving.
Besides logging the conversations I initiate, I also log whether the
other person and I are willing / able to receive during that conversation.
I notice that on 8 of 23 conversations this is NOT the case, equally
split between myself and the other person. I notice that I tend to be a
poor receiver when engaging in a long phone conversation or in a
conversation at a bar. I tend to have a pre-set idea of how a
conversation should develop. As a result I don’t listen well and people
sometimes walk out on me with an excuse. I also notice that small-talk
with familiar faces in my neighborhood is sometimes not appreciated.
Some people are just not interested and unwilling to receive.
Regarding conversations with my girlfriend: I notice that both of us are
frequently unwilling to receive each other. We seem to dwell on small
arguments. I tend to give free advice and then try to force my view onto
her. She tends to become argumentative about a view she asked me for and
subsequently doesn’t like...
4. General AHA
I notice a big improvement in my effectiveness, thanks to my commitment
of reporting regularly to you, support team. It helps me do the things I
usually avoid. I feel like I am on track again.
Thank you for your support!
Big Wave
The confidence to be spontaneous / myself
Schedule
I commit to spending 5 hours per week on meeting and talking to
strangers, or people I normally only email. I commit to giving you
bi-weekly updates on my progress, starting next Monday.
Support Team
You (Big Wave support team) & my girlfriend
Measurement
Beside the 5 hours of weekly conversation with strangers, I will
also count the individual social interactions that I typically avoid.
My aim is to have 7 such occasions a week. These are:
* Starting a small-talk conversation with vaguely familiar faces (like
the concierge, or a neighbor)
* Start a conversation with a total stranger
* Being brushed off, told off, criticized or rejected |
Thank you for sharing your process.

"Aha's" Always Occur
in the moment of now.
Clip:
http://www.wilsonsalmanac.com/aha/aha1.jpg |
Monday, May
11, 2009
Next
Workshop
Dear Mr. Seykota,
I've gone
through the exercises on the website, and I'm currently working on the
Road Maps booklets. I'm having a little trouble with them but I'm sure
I'll be able to figure it out.
I'm just curious when is the next
workshop? I just want to know how much time I have to complete all the
course work. I'm not sure if you've gotten any of my other emails, but I
hope all is well. |
Keep consulting the site for
information about the next workshop. We generally hold two per
year. |
Monday, May
11, 2009
Intimacy
Center and Intimacy Centered!
Dear All,
I send the weekly report on my Big Wave:
I give my wife and children a
lot of joy and love,
and my relationship is intimacy-centered and not
based on control.
In the first week after my return from the workshop I can recognize problems and
how I use to control / manipulate / steal freedom from my wife and children.
I also observe and report that it is hard work and I have to think a lot
before acting or
saying something. I observe several changes in the way
I relate to my wife and children. My wife mentions it several times and
is very happy about the changes. It is a huge progress.
The week between May 3 and 10 I decide to observe if a more spontaneous
approach works. It does not. I realize that I still have to develop
automatic responses to several situations. Since my Tribe does not carry
out the Rock process, I apply for a visit to IVTT on June 18.
Regarding my metrics:
Control or manipulation means:
You do what I want, you don't do what you
want, I try to make an impression on you, you are the way I want you to
be.
1. I observe that I very seldom try to exert control on
friends
or associates. Furthermore, it is easy to recognize if I am doing it.
2. I observe that, after realizing it, I exert much less
control
on my children. However, it is difficult to differentiate between
legitimate control (“it is time to sleep”) and excessive control. I also
observe an increase in the intimacy with them in the last two weeks.
3. The most difficult area is the relationship with my wife.
Some
contacts are really unsatisfactory, and I see some setbacks. At least I
realize it and plan alternative strategies. However, it is difficult to
find a balance. I mention that it would be very useful for me to receive
a feedback when she is irritated or feels angry / sad about me. I wonder
if I gave her the opportunity to talk about her feelings in the past… |
Thank you for sharing your
process. |
|