from Ed in Red)
Sat, 08 Nov 2003
Hi ... I would like to forward you my resume. I am interested in any trading
opportunities you may have have available. Currently, I trade for the trend
following fund [xxx], but would like to get back to the good life of the
west. I have attached my resume in Word format.
pretty much a one-man operation ... although I am renovating the office in
anticipation of growth ... thinking of getting some management.
it and they will come.
Sat, 8 Nov 2003
Hello, its me again. I am trying to access both sites but I constantly get
the message that the sites are down.
thing is that I've tried from 4 different computers using different IP´s.
Can I help you in any way? Please, let me know....
I want you to know that the Tribe site is very important for me. I wish you
all the best.
you are tuning in to a unique frequency that no one else gets ... some
pretty good traders seem to have that knack.
In on Channel 1
headgear may help intuition ...
may practicing TTP.
Fri, 7 Nov 2003
I was doing my period internet/trading surfing and came across your web site
... Perhaps someday I’ll jump in one of your courses.
I hope you are well.
All the best,
things in the future is putting them where they cannot happen.
something perhaps someday is equivalent to not doing it
in the Future
do people who want to put things off.
Fri, 7 Nov 2003
I'd appreciate your thoughts on this subject. It's near and dear to me.
I'm following a dream I've had for a long time, and I choose not to tell my
parents the details of this dream.
Both of my parents are PhD's in economics and finance, they are very bright
people and have successful 'non trading' careers. Both however, have traded,
whether at a bank or managing their own money. Their trading results were
fair, maybe even good, depending on one's view ... both have claimed to be
excellent traders, and how they're brilliant economists. I don't see their
P&L's reflecting excellence.
I on the other hand, fell into commodities ... I'd go home at night as a
young 20-something and describe my technical trading style to my parents and
I felt ridiculed by their questions and comments.
"You don't actually believe in that voodoo, do you?", "That's
just plain ridiculous.", or "We don't believe in that stuff in
fixed income". I know it affected me to some degree. I never had their
acceptance. I felt they looked down on commodities traders, and technical
trading (and me) ...
I found myself
becoming more distant from my parents during this trading period, and I
think it was due to the fact that when I was around them, the topic of work
would always come up and I felt uncomfortable discussing what I did. So I
After a couple of
years of tinkering with computerized systems, I have a system that fits my
style. It's completely technical. No fundamentals ... at all. PhD's in
economics and finance are not allowed in my office.
Now, I'm leaving the corporate world to pursue a dream of managing money,
more specifically, managing a COMMODITY pool, and I commit to this dream.
Last night I was on the hot seat and I experienced the feelings of 'not
telling my parents my dream'.
I had a few
judgmental feelings (guilt) to experience before I ultimately felt a sadness
(need for acceptance?). Which I described as a sadness in my heart, my heart
felt large and heavy, deep blood red, beating slowly, and there was a deeper
blood red wax melting slowly over the top, not suffocating it but,
restricting its movement, my breathing was heavy, and I was sad.
The feeling seemed
to sink, as I began to slouch, my wonderful tribe members encouraged me to
feel it more and I did, I sank as much as I could, pulsating like a big sad
heart, and the feeling passed. I felt sudden relief, tingles on my chest,
hair on my neck stood up, and I smiled a big smile.
My aha was that
I was looking for acceptance from my parents to do what I want in life.
Permission to do what I am attracted too. This was going on for a long while
... I then asked myself, do I need their acceptance to realize my dream? No,
I don't. The sad feelings were replaced with an excited, energized, focused
feeling. I find myself focusing on my wife, my son, and my dreams.
I commit to realizing my full potential.
I appreciate any observations, guidance, or ideas you might offer.
might consider being a receiver for your parents. You don't have to
sell them on TTP or even mention it.
by listening to their feelings, you might find judgment (on both sides)
transforming into acceptance.
you might continue taking your feelings about judges into your tribe
Have Different Views
on how they judge them.
judgments (unwanted feelings) "stack-up" to protect each other.
You can use TTP to navigate the stack, locate the "happy judge"
and set them all free.
Fri, 7 Nov 2003
Dear Mr. Seykota,
I have had a high regard for your methodologies ever since reading Market
Wizards and though not stated, possibly through the works of Dr. Van Tharp’s
Peak Performance Course. I apologize for the intrusion should this not be
the appropriate forum to contact you.
I am writing an
article for Stock Futures and Options magazine on the importance of traders
balancing their trading plan with their personal financial plan. This is my
first article and I would appreciate the opportunity to discuss your
I have found your teaching methods to be holistic which is why I felt your
experience would be of great value. Your observation of Jesse Livermore
pulling “safe money” to trade in Market Wizards was one of the inspiring
ideas for the article.
Please feel free to call me at your convenience.
Once again Mr.
Seykota, thank you for your time and I look forward to speaking with you.
may discuss ideas and insights you find on these pages in your article if
you attribute them to FAQ.
you wish to meet me in person, you might like to attend a Workshop, likely
in 2004. See FAQ on Mentoring,
the meanwhile, you might consider joining a tribe, or starting one, in your
Telescope Helps You
tribe helps you see yourself.
Fri, 7 Nov 2003
You should put a warning on the hardball process.
Warning: The hardball process is a powerful tool and is to be used with
great care. When used properly, it can change your life.
Since my return from the workshop, I accomplished all the goals that lead to
my dream of "wake up". I originally thought these goals would take
me a few months to accomplish. To my surprise and excitement, they only took
a few weeks.
The hardball session conducted at the Reno Workshop cleared away
everything that was between me and my dream. My feelings of self doubt,
uncertainty, insecurity and other feelings that held me back, VANISHED, once
I committed to feeling them.
Now, I accept the
good intentions behind all feelings, i.e. self doubt feeling = do your
homework, and uncertainty feeling = manage market risk.
Once the path became clear, I realized it was obtainable, and as you pointed
out, it's now an item on the menu, instead of some fuzzy fantasy; and once
it's on the menu, I can decide if I really want it or not.
Needless to say, I ordered immediately.
I've worked a smooth, relaxed exit strategy with my current employer.
They asked me to stick around until the holidays are over and I am so jazzed
about realizing my dream, I said 'Sure!, whatever helps you.'. They were so
pleased with my flexibility and willingness to help that they threw in a
severance package to boot!
which a few visionaries get together
create a new nation.
Fri, 7 Nov 2003
Communication between Fred and CM
I would like to
call you and get your help to overcome my obstacles to make my Fred
communicate with CM again.
I would be pleased
if you can give me a number so that I can call you or if you like to call
me, you can reach me under [xxxx-xx-xxxxxxxx]
Thanks a lot in advance,
might consider joining / starting a Tribe in your area. See FAQ on Mentoring,
Fri, 7 Nov 2003
Results from TTP seem to indicate intentions to send and receive.
As I develop as a receiver, I find myself engaged in TTP throughout the
course of the day. We're all people, and we all have feelings.
It seems that right livelihood can bring about a change in perspective in
which the entire world becomes ones intentional community.
if We All
Fri, 7 Nov 2003
I didn't see you
today in Madison Wi. on the north shore of lake Wingra. It must have been
someone who looks like you right?
Is there anyone in
Madison Wi. currently in TT? I plan to start trading futures soon and need
all the support and information I'm willing to listen to.
I have a system
that works on paper and hopefully in the real world also. Never had any
exposer to a computer except on this old web tv for the last 4 months.
You must have many
e-mails daily how can you possibly answer them all?
might check the Tribe Directory for a Local Tribe. If you don't see
one near you, you might start one.
answer mail that I feel might be of interest to readers.
Speed is Way Up
quality is, however,
(1694-1778) at his desk,
an engraving by Baquoy (ca. 1795).
Fri, 7 Nov 2003
Mentoring / Private
Dear Mr. Seykota,
I understand from various articles and websites (such as Innerworth) that
you sometimes mentor and /or provide private training for appropriate
traders and this type opportunity would be of very serious interest to me.
I am presently (in my opinion) about 75% there in my personal development
journey, but still need to make some further changes and refinements.
accomplish the next steps, I need the assistance of a true professional, who
can make clear and objective observations (based on actual experience in
markets) and relate them back to me as guidance. They say; “when the
student is ready /the teacher will appear...”
would like to spend a few days discussing trading in detail with you
personally (at your convenience and for a fee of course) in the near future,
if this would be possible.
I will look forward to your reply and many thanks in advance for your time.
most cost-effective move might be to join a Local Tribe or to start
you want to hang out with me, you might stay tuned to this site for
notice of another Trading Tribe Workshop in 2004.
you want one-on-one time with me, submit a clear one-page written
description of what you want to accomplish.
Thu, 6 Nov 2003
NY Intensive TTP
From contact with
members of other tribes, reports in FAQ, and discussions with some of those
who attended the Reno Workshop, the New York groups have started to map our
understanding of hardball and the related preparation to do it.
We feel keen to
implement these evolving processes at our Saturday intensive on 15 Nov. Our
understanding of TTP and Hardball
continues to evolve rapidly driven by some combination of what you and
others have undertaken and the deepening collective wisdom of our local
[ Reno Workshop
attendees -- If any of you have insights, observations, or feelings about
the process and a willingness to share them please contact either of the NY
groups. It could help us a lot. Thanks. ]
Since your posting of the Saturday session announcement on FAQ we've
received inquiries about attending from up and down the east cost. I put
together an email to give interested parties a sense of what we think they
need to prepare and expect and conveying our current understanding of the
To people asking about the Intensive:
Thanks for your interest. Your willingness to travel to NY attests to your
commitment. Given this I'll speak directly to what we have in mind. We
intend the Saturday session to move fast and deep. We have serious people
involved with a relentless commitment to do serious work. We have already
begun work within our regular meetings to prepare. You'll need to do a lot
on your own (and maybe within your own community if possible) to get up to
We intend for
everyone attending to come prepared with:
* Strong TTP feeling based sending and receiving skills;
* A "Dream" - A named, concise and vivid feeling based description
(expressed in SVO-p) of you projected to the year 2023. Develop this as a
"snapshot" in time;
* Clearly defined process oriented intermediate goals that you need to
achieve to get you to the dream. (I will forward a template for goal
development that you may find useful via separate email). Good to
"snapshot" the goals too.
As we have engaged this process we see these as essential prerequisites to
do Hardball. A review of recent FAQ's, the TTP process description, and the
agenda of Ed's workshop should help you understand what we expect.
We have begun to develop this stuff within our TTP sessions. Everyone in the
group needs to signoff on each participant's dream and goals. You'll be a
bit behind on this so you may want to try and get feedback from other TTP
members closer to home as you develop these. Send me any preliminary ideas
and to whatever degree my schedule permits I'll supply whatever feedback I
Submit your final dream and goals by email prior to Wednesday 12 Nov so we
can distribute them to our Wed night meeting participants. This will help
make you more of a known quantity in the group and help us all move as
efficiently as possible on Saturday.
Also, please forward:
* Understanding of TTP and
* Your general views on trading.
I appreciate that this looks like a lot of preparation. We sincerely believe
its the only way for us all to get the most out of the limited time we have
on Saturday to dive into hardball.
We see hardball as an interactive process between a pair of TTP'ers working
in turn (sending/receiving, receiving/sending) to dissolve the feeling
barriers between them and their goal(s). In full disclosure, we're making
this up as we go. On the other hand, we have witnessed some extraordinary
things over the past months.
Please advise your willingness to commit to this process. If you can, I feel
certain the experience won't disappoint you.
Wishes for your Intensive ! Keep me posted on how it goes.
the link to the notice of meeting, at the top of this page.
to Group Leaders
you are going "intensive" with the process you might like to be
especially aware of some of the "unintended consequences" of
trying to "fix" people.
Trading Tribe does not intend to fix or change anyone. It intends to receive
people just the way they are and the way they are not.
Trading Tribe intends to validate feelings and promote experiencing
them. Drama may disappear as an incidental result.
example, TTP might incidentally help someone dissolve a drama that Fred sets
up to experience a feeling.
you "bust" the sender on a drama without first encouraging him to
fully experience the underlying feelings, he may abandon the drama - and
suppress the feeling even more.
this condition, Fred may set up a replacement drama in unfamiliar territory,
in which the sender has little risk control.
you discuss dramas, you might like to do so in a validating way - encourage
the sender to continue the drama until it just melts away in the process of
experiencing the feelings.
Just Melts Away
a warm environment.
Thu, 6 Nov 2003
Site Down !
I use the www.seykota.com to
access the www.tradingtribe.com
site, but it is down. I access your site on a daily basis for more than a
year I guess, and I really miss it! Thank you very much for your concern.
of site off-line seem to correlate pretty well with sunspots. By
fundamental analysis, then, the inaccessibility of FAQ causes sunspots.
we Know the Cause.
Thu, 06 Nov
true FAQ Master!
Hi Fr. Ed
I happened to have
read most of the pages on your site and tried, in my pompous
fundamentalist manner, to figure out why you simultaneously mention
1) Trend following (TTP)
2) Radial Momentum
Though I don’t get the radial momentum thing (just can’t get a lift) I
somehow feel that trend following and fractals have a lot in common. Not
just because a weekly chart looks similar to 5-min one. What are the
markets? Well, just about n people trading their emotions at the same time,
where n >= 2.
A TTP meeting resembles a market. Just about n people sharing their
emotions, where n>= 2. The hot seat is the “market”, the receiver/s
are the trend follower’s. They join.
Here’s the fun part:
Imagine a real market, say, T.BOND sitting in the TTP hot seat saying: “Well,
ya know….After years of making a killing I kinda got depressed ‘cause
everyone wanted me to be happy and just couldn’t forget all of the traders
trying to rip me of the last time… felt kinda blue… so I slumped... BUT
HEY! Now that you guys know how I feel, I feel much better. Thanks, I can
now see I no longer have enemies but friends and I feel soooo great I guess
I’ll just sky rocket
and you can join me if you wish! “
Imagine a very sexy pair of STOCKings sitting at a bar surrounded by many,
trader boys. They try being cool but they look greedy, sweaty and in overall
nervous and pathetic, eventually some throw their hands around frantically
and leave the bar, murmuring bad names under their nose. Now there’s more
room around the stockings, just a few leftovers drowning their resentment in
a jug of beer and BAM! Here comes in the PRO! Looks at stockings, instantly
comes up to her and says with sheer confidence: “I understand you’re
having a hard time sitting here and rejecting all ‘them losers, but I also
noticed that all stockings have only one hole and like to walk in pairs.
Hey, is that a smile I just saw? I just love to watch you laugh… excuse us
gentlemen, we’re kinda busy…”
(Ed. Tell me I’m funny, pleeeeeease, PRETTY PLEASE WITH SUGAR ON TOP. I
feel I just couldn’t make anybody laugh in my family when I was a young
boy. OH WHY OH
Final digression and I’m gone: Unfortunately, the markets don’t speak
directly (ever tried using prices on a music tablature and listening to the
sounds it makes?) Probably would sound like a pissed-off cat or something…
We will be in
touch (Me and I too)
might take the feelings of wanting to win approval - by using humor,
trading, pleasing people - into the process.
Comedians Stand Up
express their feelings
to avoid expressing them.
Thu, 6 Nov 2003
Have you ever used [open interest] as a tool? Why or why not?
What happened to questions and answers for this week? I read them less than
5 hours ago and cannot find them now.
You answered my
question on stops but what I found more interesting and frustrating was the
100,000 recommended account size.
I've made numerous
trades on paper with 10-20,000 . I use a current price chart, oi and some
Are there any
other sites similar to this one where questions can be answered without some
one after a commission?
sometimes use volume and open interest to determine liquidity.
get intermittent reports about ability to locate this site.
last sentence seems a bit ambiguous; you might try re-writing it in SVO-p
(S-ubject, V-erb, O-bject P-resent Tense).
on the trail of a client.
Wed, 05 Nov 2003
Old eMail from
2 Months Ago
and a Fresh
returned to the site to check your response, if any, because that is how you
manage your communication on the site.
I don't really
care and would actually rather not see my previous email again, that was
sent and meant at the time. First of all, I am not very good at this whole
"public forum" thing. Not my natural first choice for
I am used to just
talking with someone one on one. Now that I am I am writing , I need to
apologize for dumping on you back then. Sorry, not necessary. I do respect
what you stand for and your obvious efforts to help others.
some more of the FAQ I got a better sense of what you are up to. (I also saw
that I would not be the first person and will not be the last to take issue
with some of your quirks of response-style.)
Yes I was a bit
cranky about both your responses, and also my inability to frame the words
properly during my first questions to you. When it comes to that sort of
math, I have no outside exposure or available help. Just my own cobbled -
Yes, I think you
seem to have a functional self-work process which seeks to address many
common problems. If a method (or a certain way of describing their process
verbally) works for a person, that is OK by me. It doesn't , however, mean
that it is the only useful way there is to describe or approach things.
As the old
saying goes, there is more than one way to skin a cat. Lots of people don't
like what they see as pigeon-holing systems.
That is definitely
an issue for me that this email still finds me firmly on one side of. (I
know, hard to miss.) I do think we all need to remain open-minded. I will
keep working on this.
Yes I was definitely asking for help with that first question. Again, I
should have read the ground rules and some of the previous FAQ's first. I
would not have needed to pose that question directly. I have since come
to some helpful conclusions.
Some of the
material posted on your site was helpful for comparison. As is probably
obvious, I have no clue about how to program a computer test sequence for
any part of my system, and have had to do it manually, with only charts and
spreadsheet functions, and (from an emotional perspective) in real time and
with real wins and losses.
It has been a big
and engrossing job for me and still is. I believe in what I am doing and
would like to continue to get better at it, and yes, be a better human being
I don't think
it is all that useful to think that either of us knows much about the other
from a couple of emails from a distance. But maybe we could try a fresh
start, if you would like. Looking back, the previous rant may have been a
bit more than was needed.
No harm intended, bad moment at my end.
refer to a previous send, do so by date and title.
might take your feelings about your previous email into the process to
some of these same feelings also stand between you and developing a computer
you get organized.
Wed, 5 Nov 2003
I share this experience for FAQ visitors, TTP workshop participants, and
yourself as a contribution of service to help.
The Thursday before the workshop, I sold a larger position I owned as
something in me didn't feel right. The next day, the stock, LF, gapped down
when the firm released poor earnings. I sidestepped a blow through intuition
and luck. This felt good. I was appreciative and let the feeling pass.
Two weeks later, I bought the continuation breakout of IMDC with a rather
large position. I felt nervous over the past two days about the position
regarding similar opening gap downs for whatever reason. Strangely (or not
so), the stock gapped down on news (3/2 stock split). Despite feeling these
same types of fears about the position, I chose to hold the position in part
to my commitment to "equity surge" gained at the workshop. This
was a 4.2% loss for the portfolio when I liquidated on the overnight gap
down. My biggest drawdown all year is 5% on a daily basis and 1.3% on a
My first feeling (after seeing the stock offered pre-open 8 points lower
and well through my stop) was of an uncomfortable jolt to my stomach that
zoomed up towards my chest.
I felt something
similar to lightheadedness - a feeling like when I was in grade school and
called upon to answer a question I didn't know ... maybe a feeling of being
suddenly and unexpectedly in the wrong. When I liquidated, tension in my gut
immediately eased, but I still felt an emotional residue from the
Many voices (non-descript) began swirling about the loss as this is large
for me on an immediate basis, though I used a good deal of leverage across
the portfolio when it happened. I began experiencing self doubt as a voice
in the back of my head. "This gets me off track," "How will I
recover" "This puts me way back/distances me from my goal"
even "Am I a good trader?" all of which I listened to and let
pass. I went with the trend and let them all come. Trend following with my
emotions ... Hang ten with fear, self doubt, and self-recrimination to AVOID
further wipeout ... Woo hoo!
In the quiet periods between the aforementioned "chatter," I
experienced moments of clarity. I attribute the clarity specifically to
allowing the thoughts to come and accepting them and avoiding any fight to
repress on a continuing basis.
clarity, I found strength, resilience, and the ability to re frame the
event/loss as a temporary blip in the overall path.
received a positive phrase during this clarity that I wrote for support and
Through Commitment, I forge Strength of Character during Adversity.
This Thursday, I take my feelings into TTP to fully experience it and all
feelings related to the loss at our next tribe meeting. I report back.
As far as trading decisions went after the hit, I applied my common sense. I
pared back risk in other positions to give myself some breathing room and
care for myself emotionally as I heal. I still bought new positions that
morning and added to winners. Whether or not they make money, I know not.
But it did feel good and empowering to see familiar signals and feel good
about taking them.
different than the past.
Learning to celebrate your feelings about trading is a big milestone along
the path to finding right livelihood as a trader.
more Fred and CM can communicate about risk (jolts in stomach, zooming
towards chest) before placing trades, the more likely you are to stick with
more you try to ignore your feelings, the more Fred seems to arrange
occasional trading episodes to assist you to experience them.
Real Trading System
of the feelings
are unwilling to experience.
Wed, 5 Nov 2003
Do you find the phases of the moon useful for trade entry, exit and/or money
Some of the best times to exercise good risk management are new moon, old
moon, half moon, quarter moon and blue moon.
father, Frank Zappa
Wed, 05 Nov 2003
M. Ed Seykota,
Can I ask you what do you think about the website www.turtletrader.com
and the educational course they offer to learn Trend Following?
Turtle Trader web site is a free resource to the trading community that
carries a wealth of factual information about trading - including historical
does not endorse commercial products or specific methods. See Ground Rules.
of Free Information
the Trading Community
Wed, 5 Nov 2003
Ed Says: "There's a time and a place (for
[This is a saying
for] - when someone is behaving in a way which you do not think is suitable
for the situation they are in. -- Cambridge Advanced Learner's Dictionary.
Yes. Actually I do not execute TTP by e-mail. I only use it to share my
issues and receive support. Then I execute TTP in my relationships and
I agree that in the actual stage I am I may start celebrating the very
feeling of being myself. I start feeling free.
I would greatly enjoy the warmth of a physical intentional community, but up
to now all I can do is to practice TTP by promoting the flow of feelings in
my everyday life and relationships, by validating my feelings as well
others'. I am also thinking of implementing real time virtual meetings.
Thanks Ed for your generosity of heart in sharing your experience with us,
which I think is kind of revolutionary, esp. with regard to closing the gap
between the linear causality (CM - logic) and holistic evolution (Fred -
I acknowledge that
the interruption of flow of experience between them is a source of big
dramas. And what's best is that we don't even need to know anything to do
TTP. This is great!
is an exercise in giving and receiving support. You do not need an
official group to practice receiving - you can practice just in the process
of life itself.
intentional community, even an e-community, can provide intentional support
in mastering both sending and receiving.
the extent you might dislike feeling judgment and/or invalidation in close
situations, you might be hesitant to join or start a physical group.
the extent you acknowledge, share and celebrate your feelings about
closeness, you may be able to convert them from adversaries to allies.
can also help you stay alive
Tue, 4 Nov 2003
I have never traded except on paper for about 3 years. I'm concerned about
floor traders taking out stops. I've been told electronic trading runs after
hours in most markets. Could this be a safer way to trade as far as being
stopped out is part of trend trading.
the feelings of getting stopped out and converting them from adversaries to
allies is part of TTP.
waiting around to get your stops.
better as an ally
as an adversary.
Tue, 4 Nov 2003
Ed Says: “Wanting to entice others into TTP might be
part of the setup for more rejection drama.”
OK. That makes sense. Thoughts like “will I ever be able to start a tribe”,
“will it be successful”, “who can I approach that might be interested
in it”, all accompany feelings that there is an impending sense of failure
surrounding it all.
I fear starting
and failing, hmmm….sort of like how I feel when I think about getting down
to the business of developing a trading system. I keep putting it off. A
part of me insists that it is futile to even start until I clear myself of
unresolved issues and drama. So … if I do have issues surrounding fear of
failure, rejection, embarrassment etc, would any attempt at starting a tribe
be a setup for failure?
How do I
experience my feelings without the tribe I think is necessary to do so, and
knowing that any attempt to start one will end up replaying a Fred-ian
drama? I know I’m not supposed to ask fundamental questions like how and
why but I keep having these pervasive thoughts.
Ed Says: “You might notice you don't have to sell
TTP or entice people into it. All you have to do is be a good receiver and
all kinds of people show up.”
I have no experience with receiving in a tribe setting. I do however try to
be aware of how others are feeling. I ask them: “How do you feel about
that?” I also try to pick up on non-verbal clues as to how they really
feel about whatever it is that evokes the emotion they are experiencing. I
don’t think I’m very good at it, or perhaps I’m doing it wrong or
missing something, but despite my best efforts to receive, so far no one is
knocking down my door to share their feelings. I know this sort of stuff
takes time but I feel stuck and I don’t know how to experience the feeling
of being stuck so as to get unstuck. J
Ed Says: “You might take your feelings about
wanting to entice others into TTP, into TTP for resolution.”
I have no idea where to start looking for this feeling or if it accompanies
feelings at all.
I trust your wisdom and will concentrate my efforts in the direction you
point but it is difficult going it alone. The best approach for me might be
to just jump in with both feet and stumble through it until it becomes
I live in Gander, Newfoundland, Canada. I intend to start a tribe. If there
is any other information you need to have me listed on your directory page
please contact me.
are now on the
can practice TTP wherever you are, simply by being a good receiver - and by
celebrating people just the way they are and just the way they aren't - not
trying to change them.
the best way to attract people is to celebrate their desire to stay away.
Tue, 4 Nov 2003
NY TTP Saturday Intensive
15 November 2003
The New York TTP Groups will hold a
TTP Saturday Intensive Session
15 November 2003
10:00 AM - 6:00 PM
Check-in 10:00 AM (We will start promptly so come a bit early to get
TTP 10:30 AM - 1:00 PM
Lunch 1:00 PM - 2:00 PM
Hardball 2:00 PM - 6:00 PM
(we can extend if
the participants so desire)
RSVP - We welcome participants from other groups and will take as many as we
can fit in the space. e-mail contact listed in Tribe "Manhattan, NY
(separate group)" for location.
Ed - All reports on your Workshop suggest a great success. We'd love to
incorporate any lessons learned from that experience into this Saturday
intensive - anything you think can help much appreciated.
Good luck! Let me know how it goes.
Date: Tue, 4 Nov
Thank you and Charles for a most informative weekend and unique life
experience during the workshop. I am proud to say I am fulfilling my
commitment and goal that I presented to the workshop group. The concept
of visualizing a goal as a photo snapshot is a very useful goal setting
technique. I have shared this with many friends who also find it very
During the presentation of our goals, I debated with myself on which goal to
present to the group.
One of my goals
was to spread joy to loved ones and my snapshot featured a very emotional
moment for me. Just picturing the snapshot would cause tears to form hence I
was hesitant on presenting such an emotional goal for fear of ridicule by
decided to present the goal with an agreement with 'myself’ to hold back
my emotions so that I would not cry. When my turn came, I experienced the
intense emotion that I was trying to deny myself. I cried but was able to
express my goal in a succinct manner. The group provided rapid acceptance
and enrollment of my goal, and I know of one other group member who also
shed some tears with me.
I subsequently worked through the feelings standing between me and my goal
in the hardball process. However, I believe a major step toward realizing my
goal was achieved by being able to express it to the group and experiencing
the tearful emotions.
continued to feel tearful after that experience, it was not so much from
sadness, but joy. The feeling was actually enjoyable for the first time.
That feeling has become my ally.
My wife and son are displaying the joy that I am now better able to send.
Thank you again for all your effort and contribution.
a better trader and becoming a better person seem to go together.
Most Direct Communications
require only a good receiver.
Mon, 3 Nov 2003
The US SEC
I’m a former senior trial attorney for the Enforcement Division of the US
Securities & Exchange Commission. I was at your web site, and I thought
you might enjoy one I run.
The present state of the US capital markets made me realize how little
people know about the SEC and its law enforcement work.
Towards that end, I created a web site to educate people in the industry and
investors. It’s had over 350,000 hits.
I invite you and your professional colleagues to please take a look. The URL
and CM can operate differently depending on how freely feelings flow:
operation - free flow of feelings - you sense risk in
advance and act appropriately.
operation - restricted flow of feelings - you struggle with
emergencies as they develop.
assists Fred and CM to communicate feelings ... this tends to move the
operation from B to A.
seem to be trying to move the operation of the SEC from B to A.
wonder if and how you are promoting communication of feelings about
investing within the agency and within the investment community.
Mon, 3 Nov 2003
Another good day [since the workshop]. I'd like to participate in your
tribe meetings. If acceptable please let me know so I can be there on
is no charge to attend, other than commitment to participate fully and
make sure you are able to commit to attend the next dozen meetings.
Mon, 3 Nov 200
I have not been able to contact the person in charge of the Los Angeles
tribe. When I send an email to the contact email address I get the following
message "The following addresses had permanent fatal errors".
Do you have any
other contact information for the Los Angeles tribe besides the email
address? Any help would be appreciated.
Thank you for your website.
too, get no reply from that email address. So, as of now, it no longer
appears in the directory.
you wish to form a Tribe in LA, send me your contact information.
the man who isn't there.
Mon, 3 Nov 2003
I just found out about your seminar a week too late. Do you have any others
planned in the near future? Thank you.
Documenting the Last One
Mon, 3 Nov 2003
Thank You for
I am so glad I invested my money and time, to come to Reno. You have
assembled a phenomenal group of individuals that will owe a great part of
their success to you and your teachings.
Just being plugged
into your utility for 2 days was extremely powerful. You definitely lit me
so much easier, clearer. Your book will be able to help anyone and everyone.
I hope for everybody’s sake you write it soon. I am even more excited
(going with the flow) to bring the TTP into my life even more.
I have wanted to
email (actually call, but I respect your privacy) sooner but I have had
soooo many things happen and not happen that I can’t catalogue all of
change for me is I have been home a week and I haven’t raised my voice
once or gotten angry. This is highly unusual for me.
I can’t help but
feel that you have really inspired a small group of individuals that are
going to make their impact felt on this world even more since plugging into
your utility, myself included.
I am inspired by a
number of your actions and teachings but the two most compelling for me is
your ability to be completely non judgmental and your sensitivity to what
others are experiencing and feeling. I feel with practice I am improving
upon both of these traits for the betterment of myself and everyone around
On a money
management note your lockout clause is a classic that actually inspires me
to manage other people’s money again. I originally thought after managing
$80 million of client’s money and having some of the same issues I heard
you speak about I thought I would only manage my own money. But with the
lockout clause it puts a totally different perspective on the situation. I
have now written the words THINK 180 DEGREE’S on my cork board to remind
me that some of the best ideas are in the opposite direction.
May good health always be with you.
Sun, 2 Nov 2003
When I saw my "Chat Room" reply on FAQ, I screamed and laughed out
aloud in my office!
I had immediate
feelings of paranoia, and of being watched. I brought this up as one of the
issues I wanted to resolve during the Reno Workshop.
When I had these
feelings before, I always second-guessed myself and other people, and I
looked at things "from a different angle." I used to be annoyed
when someone was getting into my private business and watching what I do,
and I always wanted to do things by myself and be left alone.
Before, I was paranoid and "pair-annoyed".
But this time, I felt a warm-sparkling low "buzzing" feeling over
my whole body, and I realized that you were supporting me,
"looking-out" for me, and helping me to stay on purpose!
Now that I have shared my dream with my friends, they are actively
helping me with ideas about systems trading and finding new clients. They
never helped me before, because I never told them what my dream was! I feel
so much better resolving the feelings of wanting to do everything on my own.
Everything is so clear.
Thank you again and everyone at the workshop!
Sun, 2 Nov 2003
Just to keep you updated with my automatic trading system development. I
have taken my Futures system and have added Option buying so that profits
can be locked in and the option can also act as a stop loss. I enclose a
copy of the system and look forward to any comments you may have.
does not offer specific trading advice, or recommend specific trading system
parameters. See Ground Rules.
you wish purchase an evaluation of your particular trading system, or
receive personal coaching, email me details of what you want.
a free economy
can find almost anything
Sat, 1 Nov 2003
Capital - Does Size matter
First off I want to thank you for all your contributions to the world of
trading. It's great to know that traders can still be very successful
through trend following.
I will be getting into the market in the near future. I was wondering if $3k
is enough to start trading with and if it is would you recommend futures or
stocks to start off with?
Thank you in advance,
with many things, it's not the size of your account, it's how you manage
futures, a typical risk for trend trading (with skid and other transaction
costs) might easily be in excess of $1,000 per contract. Setting risk
equal to, say 1% of equity, indicates a minimum starting equity of about
stocks, you could buy a $30 stock about 100 times with your $3,000. If
you wish to diversify, say into 10 stocks, you could buy 10 shares of each.
Ten share transactions may be subject to relatively high transaction costs.
might consider investing in a fund, or in a pool, or just paper trading,
until such time as you can manage the risk and take advantage of lower
you might consider managing a larger amount; for those who follow the
principles of good trading, lots of money just seems to show up.
Sat, 1 Nov 2003
Hello from Taiwan
Do you believe everybody gets what they want out of life as well?
You might be interested in knowing that Chinese, the official language we
use here in Taiwan, has present tense only. In case we need to point out
the timeframe (the past or the future), we simply add tomorrow, last year,
etc. in the sentence.
I ran into your website on March and have been following FAQ since. It took
me quite a while to absorb FAQ as well as your other works on risk
management, TTP, etc. I thank you for your generosity.
Now, I would like to start a tribe here in my home country, Taiwan.
To facilitate the tribe process, translation of TTP page into Chinese might
be a good idea.
I volunteer for
doing this under your consent / supervision. You can change anything if you
like and of course you keep all the legal rights. I will be using the
translation in the tribe, and in the tribe only.
are now on the
on the translation. The TTP page is a work in progress. You might send a
link to your translation so I can post it as a resource.
Sat, 1 Nov 2003
I noticed in FAQ (March 9-15 2003) that you mention: "...
sitting tight on winning positions ... and sitting out choppy markets."
Is there an element of discretion involved when trading in this manner?
If one is to take all signals generated by a system, then wouldn't that
invalidate the second part of your statement?
The only way I could see this happening mechanically is by using the
For long trades.
IF S&P > 40 DAY MA, THEN TAKE ALL LONG (system) SIGNALS
Or does the second portion of your statement actually mean to play smaller
with every losing trade (choppy markets produce a lot of whipsaws) until the
risk capital is reduced to something meaningless?
BASELINE RISK = 2%
MAX RISK = 3%
MIN RISK = 0.2%
IF TRADE = LOSS THEN RISK - 0.2%
After a series of losses the system will be trading pretty small.
And finally, do the above mentioned rules have any merit in a trend
Thank you for your great FAQ !
borderline between system trading and discretionary trading may be delicate,
illusory, and basically incomprehensible.
traders must decide which markets to trade, how many markets to trade, how
to roll from one delivery to another when the trends differ, how to deal
with equity deposits and withdrawals, etc. All these decisions may
greatly affect performance.
traders do the same things over and over, according to some or another plan,
whether or not they are consciously aware of it.
the limit, good traders find a method, based on core principles that they
deeply embrace, and that feels good, and they follow it systematically.
tight on winners and sitting out choppers requires some way to tell them
apart, and also requires some way to handle feelings that arise in the
Fractals, above for more on borderlines.
Borderline May Be Beyond Comprehension