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Ed
Seykota's FAQ
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| Home | Send Mail to FAQ | Resources | Ground Rules | FAQ Index |
TT_Chartbook
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| FAQ September, 2017 <-- back | down | forward --> |
| Contributors Say | Ed Says | |||
| Sep 30, 2017 London Workshop Dear Ed I stumbled upon your website as someone mentioned the Lake ratio in an on line course of mine (World Quant University, which is non-profit). As I flipped through the FAQ section and especially for September, I noticed that you are going to have events / workshops in Europe. I live in London (UK) and would like to know more about the upcoming events and also what it takes to be a member of the tribe. Thanks, |
Thank you for asking about a Workshop in Europe. I generally host Workshops in response to my perception of demand. |
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| Sep
29, 2017 Value of Indicators Hello Ed, I hope that you are well and thank you for taking the time to provide a blog and answer questions. This may be a stupid question, but I feel like I'm missing something. Folks are always asking about indicators to determine the direction of a trend. Can't you just look at a chart and see if it is trending or not? Why would you need an indicator to determine a trend? Also, what are your thoughts on pyramiding into a position? Have you generally utilized this process in your trading? Thanks in advance. Cheers, |
Thank
you for raising this issue. You can take a chart with one-day bars, stick it on the wall, step back a few feet, determine the trend and enter orders accordingly. You might consider you still have to deal with risk control issues such as position sizing and stop loss levels. People like to come up with fancy indicators and then convince their clients these indicators have "magic powers." The "magic" generally resides less in the exact formula you use and more in the ability to follow your formula when you don't feel like it. Pyramiding, as with most trading methods, works better when you observe risk-control principles.
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| Sep
26, 2017 Ata Pepper Ed, Sometimes we just needs some good ol support Sending you an 'ata pepper' Ed! Hope all us well. |
Thank
you for sending me your ata pepper. Bacatcha. |
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| Sep
26, 2017 Trying to Raise Funds During a Drawdown Dear Sir, Good evening. I have missed out the section on the LinkedIn messaging and a thousand apologies on it. I am very sorry. I have been in trading for 4 years now. After a lot of trials & tribulations, grit, making mistakes, learning, standing back up countlessly and continuously honing, I finally managed to establish my trading at the beginning of the 4th year. Apart from managing my limited funds, I have only a handful of clients. I am resolute to bring my trading career to the next level now. I have submitted a lot of applications for trading positions. Mostly returned no news and a few unsuccessful applications. I am under-going a drawdown period now and perhaps this could be a factor. As cross referenced with respectable trend trading firms’ records, drawdown period is similarly taking place as well. I understand, respect and accept that the current performance will yield negative impression. However, if I am currently enjoying a substantial profit run for a prolonged time, it will mean that drawdown period is just around the corner. The probability of a break even or small losses year will be higher. This will also cause a negative impression after being accepted as a trader by any firm. I am currently on the flip side, whereby the profitable time is around the corner, hence the probability in making profits is higher. Despite so, there is a drawdown in the current performance that may be impeding my chances to be considered by firms. I am unwilling to be a circumstantial victim to this drawdown period. In fact, I see it as a great opportunity to establish myself because the current prolonged drawdown paves my way to chalking a stellar performance in the upcoming initial years of my career. However, I will need a chance or platform to grow on, which is currently absent. I am extremely determined to traverse this career path. I humbly plead for your advice / guidance / assistance. Although I will continue to persevere, take proper and massive actions to achieve my objective, I truly need help. Sincerely from the bottom of my heart. Yours faithfully, |
Thank
you for raising this issue. You might consider re-thinking your theory that a string of losses infers a high probability of winning. You can test this with a string of coin tosses - by using the results of past flips to predict the next result. Trend following generally benefits from a deep understanding of the process by both the manager and the client. You might consider focusing your sales presentations less on short-term results and more on on the mechanics of catching trends and cutting losses - and on your long-term theoretical track record. |
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| Sep
25, 2017 FAQ in Portuguese Thanks Ed! I am reading the FAQ archives and translating selections to Brazilian Portuguese. Would you mind if I published them on a public trading website? I promise to work diligently on the translation and to keep the SVO-p syntax. I also plan to link every translation item to its original entry on the FAQ. Best regards, |
Obrigado
por abordar esta questão. Eu apoio seu pedido para traduzir o site para o português e para vincular cada item à página original no meu site. Por sinal, falo minha primeira palavra no Brasil, em português: nariz.
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| Sep
25, 2017 Hugs, Fruits and Karma Dear Ed, While having fruits, I realize the benefits of having them. I remember the benefits we many receive from your guidance. You may consider having more fruits in case you do not eat them regularly. If Karma theory is true, then you are accumulating lots of good karma by helping and guiding so many people since last so many years. Thanks for many replies through FAQ. Hugs, |
Thank
you for acknowledging me and the work - and for your advice on fruits. |
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| Sep
24, 2017 Weather or Not Dear Ed: In reading FAQ, as I figured, your area in Texas was not affected to the extent as Huston. Was wondering how your acquaintances and friends you made in Puerto Rico are fairing? Hard to fathom the situation they are in. One can do all they can on an individual level but when the whole infrastructure is demolished and the government is broke and has no resources to call on for repairs, what a hell of a mess. |
The
winds in Puerto Rico destroy a lot of the surface and reveal enormous
problems below. |
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| Sep
24, 2017 Wants a Mentor Mr. Seykota, Would you mentor me in exchange for any help I can give? |
Thank
you for raising this issue. I mentor through this site. I also conduct private sessions - see Ground Rules, above. I do not know to what type of help you refer. |
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| Sep
24, 2017 Conscious Parenting Hi Ed, Conscious parenting is going well, although I think I am the one that is doing all the learning. Thought you might like to read this -- as I've been working on this ... Best ----- Hello, and welcome to Week 4 of Peaceful Parent, Happy Kids on line course ... ... phenomenal parent -- until you get triggered! ... our own emotions ... prevent us from being the parent we want to be. ... three important components. - regulating our own emotions - staying connected with our child - coaching our child instead of trying to control them. ... One of the most important kinds of coaching we do is emotion coaching, because children are designed to follow our lead. |
Thank
you for sharing your process and your excerpt (with further editing by
me). You seem to frame some emotions as bad critters that you need to corral and keep away from the rest of the herd. In the Intimacy-Centric model, we establish rapport and share all feelings, without reservation of judgment. In the Control-Centric model, we regulate our feelings, hide our emotions and try to manipulate the other person. In either case, children tend to follow our leads. |
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| Sep
24, 2017 Two Lovers Dear Ed, Hope you are well. Life sometimes stops acting like a smooth trending security and volatility sets in. Case in point: I've been (happily) with someone for 10 years. We met young, grew into young adults together and developed the intimacy and profound knowledge about each other that comes with a long term relationship. By all accounts the definition of soul mates... Or so would think anyone looking at it from the outside. A year and a half ago, life would have me collide with someone new, by whom I felt something very strong the very second I saw her. The feeling was mutual. We spent countless hours together (work context) and the feeling only grew stronger. However, I am stuck. Paralyzed by choice. On one hand, there is something very strong pulling me towards this new other person. On the other hand, there is nothing driving me away from my current relationship: there is trust, love, care, attention, attraction. I wonder if what I feel for the new person is but a twisted side effect of an endorphin flooded brain. Maybe it is the novelty factor, maybe it is love. Letting your profits run is one of the Laws, and my current relationship is, most certainly, a profitable "investment". The question is: should you sell near what could be the top (judging by the volatility felt) and move on to the next trade, or should you stick with it until your stop loss is hit? This, incidentally, exposes another problem: I do not know where my stop loss is. I've been with this trend for so long, a wider stop may all but cause it do destroy a portion of our most cherished profits... Looking forward to your refreshing, "wide-lens" perspective. Best, |
Thank
you for raising this issue. You might consider you already have what you want, namely: an exciting ongoing dilemma involving compromising ethics, keeping secrets and living in fear of discovery. This may indicate you have a dopamine addiction. You might explore this hypothesis by noticing if you engage in other exciting high-risk behaviors or have a fascination with switching views between multiple pornography images. You cannot resolve the situation by picking either the faithful long-standing wife or the sporty young playmate. That path only leads to decompression, endless second guessing and, ultimately, the reestablishment of another triangle. If you wish to give up on dopamine and go for seratonin instead, you can commit to one or the other, likely the former and settle down in peaceful comfort and deep satisfaction. One way from here to there involves having all three of you sit down together and tell your deepest feelings to each other. This can help everyone find right livelihood. Perhaps your wife also has a secret lover and wants a way to leave the marriage. Perhaps you wind up in a three-way deal. You might notice your feelings as you consider these alternatives. You might consider taking these feelings to Tribe as an entry point.
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| Sept
24, 2017 Sharing the Love Hi Ed. How are you holding up in Puerto Rico after Hurricane Maria rolls through? I'd like to thank you for all you teach me on FAQ, in your articles and interviews. Even though we haven't met, I still think of you as a mentor. You teach me how to think and write clearly; how to observe my feelings and learn about myself. I recall meeting my now wife around the time I attend my first Tribe meeting in NYC in 2010. I notice my habit of throwing tantrums when I feel frustration goes away over time; how I do not shut down when I feel annoyed or angry. Today, I feel much calmer, confident and warm with love. Your message of "Share the Love" at the end of Govopoly makes more and more sense each passing day. My relationship with my wife and others improve dramatically since 2010. I feel OK about being silly, weird and vulnerable with people. I try to let myself come out without over thinking or worrying about how I appear. I create my first business-related snapshot in spring 2010: "I manage a fund". I launch in January 2011. More recently, I expand on that snapshot and draw up a second one: "I manage $30 million for like-minded people". A month ago, a well-known trend following manager invests $2 million into my fund. It brings my AUM to $5 million. First, we become friends and then the investment occurs. The process takes ~18 months. We spend time building rapport and sharing ideas and feelings about trading. We discover we're like-minded. I understand managing $30 million doesn't happen overnight, but this represents a stepping stone to realizing my snapshot. My other snapshots include: Body: I weigh 190lbs at 12% body fat. (Currently, I weigh 185lbs at 15% body fat) Relationships: I share my feelings and experiences and do not give advice. (Currently, I sometimes tell people what they "should" do even if I don't use the word "should") Fun: I own New York Rangers season tickets in section 108. (Currently, I do not own any season tickets) Thanks again for your help for all of these years. |
Thank
you for sharing your process and for acknowledging me and the work. The recent storms in Puerto Rico wind up improving my view, as they remove a number of windows overlooking the ocean. |
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| Sept
19, 2017 Sanity Hi Ed, I was highly influenced over 20 years ago by the interview that was done by you or possibly your dad in Jack Schwager's very first Market Wizards book. Your devotion to systems development and trading has brought a huge amount of sanity to my life over the past 10 plus years!!!.. thanks |
Thank
you for acknowledging me and the work. |
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| Sep
18, 2017 Women and Men Traders Ed, Are women better traders than men? |
Thank
you for raising this issue. Better traders may rely on both masculine and feminine aspects of their personalities. You might consider taking your felling about <men and women> to Tribe as an entry point.
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| Sep
18, 2017 Wants to Prove Himself Dear Sir, I am a systematic, trend-trader, money manager to only a handful of clients. I am determined and resolute to bring my trading career to greater heights. I have been seeking for opportunities but have been totally unsuccessful. I humbly plead for a chance to prove myself to you. Please. |
Thank
you for sharing your process. Thank you for offering to prove yourself. I can accept your claim, without proof, that you have a system and that you consider it unsuccessful. |
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| Sep
17, 2017 Trending Up Dear Ed, greetings from Brazil! I am a concert pianist seeking joy in the markets, which to me means making money so I can share my time more significantly with others, playing and teaching the piano. After a bad start, my account is now trending up for quite a while after I fixed some problems in my trading with the help of bright and generous traders I met mostly over the Internet. I am writing to thank you very sincerely for sharing so much knowledge, I have been studying and replicating some of your models, as well as building some of my own. Recently I have found the EcoNowMics page and the feedback models helped me to understand a lot better aspects of bull and bear markets, people are baffled by crypto yet those moves seems consistent with the feedback models. My best wishes to you and your family and keep following the trends and inspiring others, |
Thank
you for sharing your process and for acknowledging me and the work. |
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| Sep
17, 2017 Essential Tribe Meeting Dear Chief, Today I teach my sons ages 3 and 5 about the basics of a Tribe meeting - drumming, check-in, sending and receiving. I begin by asking my wife how she feels about me inviting our sons to have a Tribe meeting with me. She likes the idea. I invite our sons to have Tribe meeting with me. They accept. We head into my home office and close the door. It feels important. We arrange our seats in a triangle that I refer to as a circle as I explain that is how we sit in a meeting. I explain the PM/Chief role. I explain drumming, Check-in and sharing feelings, sending/receiving/acknowledging and check out. We drum. It is like any other Tribe drumming - We eventually find connection and then it winds down. We check in. My sons share feelings of calm and floaty and happy. I feel happy, calm and lifting feelings and thank them for joining me. They thank each other and thank me as we conclude check in. I explain that if they would like to learn more we can have more meetings. We check out. I close the meeting. The whole process takes 25-30min. After the meeting they play together and I decide to update FAQ. I feel a cool tingle of amazement in the middle of my head as I think of the ageless expressions on their faces and the feeling that they know how to participate in the now. Although we share feelings regularly this is the first formal implementation of TTP I have shared with any of my children. I would like to learn of other Tribe members that have had meetings that included children and other immediate family and to learn of their experiences. As my family grows ( I have 4 young children and am expecting a fifth) I intend to continue using Heart Rock and also like the idea of implementing other TTP with my family. Thank you. |
Thank
you for sharing your process. |
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| Sep
16, 2017 How the Tribe Goes Hello, How is the tribe doing these days? I attended one of Ed's first Holotropic Breath workshops. Thanks |
Thank
you for raising this issue. The Tribe goes along in one moment of now. |
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| Sep
15, 2017 New Album Dear Ed, Thanks for starting the Trading Tribe community. We have now been live and active since 2005 in Sweden. I want to share that today I am releasing my album on Spotify. Best regards, |
Thank
you for sharing your process. I rarely post links to commercial sites on FAQ. |
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| Sep
15, 2017 Falling Behind Hi Ed, I hope you are well... I'm worried about falling behind and I would appreciate your help. Regards, |
Thank
you for sharing your process. You might consider taking your feelings about <falling behind> to Tribe. |
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13, 2017 Family Matters Dear Ed: I visited your home for tribe meetings in Lake Tahoe in the Fall of 2003. We last spoke when I tried to change my attendance schedule to once per month which was not the agreed Trading Tribe schedule. After fourteen years, I am ready to take the hot seat. I ask for permission to attend an Austin Tribe meeting. I will take the hot seat right away after check-in so that I may learn to emotionally heal myself, practice TTP in my life consistently as I continue to fall back on control and criticism of My Wife while only showing love and acceptance to my Children. My Wife has left, and only through this pain have I been able to understand the role I have played. I am ready and willing to take the hot seat after check-in over as many visits as necessary to open myself up to the Tribe before attending as a receiver. I can excuse myself after my hot seat if the Tribe prefer I earn the right to listen and receive the members unless they are comfortable with my attendance. I do not want to hinder the growth of any other member, and would be pleased to have any opportunity to visit. Yours Truly, |
Thank
you for volunteering to attend the Austin Tribe. You might consider watching these pages for news on the formation of another session of the Austin Tribe. |
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12, 2017 Wants to Connect Hi Ed, I am currently re-reading market wizards and found your interview extremely interesting, not only because of my interest in trading, but also in psychology and what drives people. Your statement that everyone gets what they want from the market particularly struck me. It goes with my belief in the law of attraction and how our subconscious creates our reality. I wanted to reach out because as a young man, I just feel like we could have a really interesting conversation about life, and I could learn a lot from you as I forge my path. Would love to connect if you have a bit of time. All the best and have a wonderful evening. |
Thank
you for reaching out to me. We can connect here, through FAQ. |
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| Sep
11, 2017 Newbury Tribe Update Ed, good morning and I hope my email finds you well following the recent inclement weather. I attach a long overdue Tribe update for the Newbury Tribe. Simply, the Newbury Tribe continues to meet as members request. I also continue to attend the Hertford and London Tribes as my process dictates. All Newbury Tribe members experience challenging circumstances in recent months and I feel momentum building within the Newbury Tribe. I look forward to posting more on FAQ. Finally, I wonder if you are willing to share your thoughts and experiences of vajrayana buddhism? Take care and thank you for continuing the FAQ and supporting me in my ever evolving process. |
Thank
you for posting the TTID, Trading Tribe Information Document, for your
Tribe. Vajrayana Buddhism may include secrecy as one of its organizing principles. |
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11, 2017 Govopoly Question Dear Ed Seykota, I just finished reading your book, Govopoly in 39th day, and have a question. Can the recent surge of tech companies be some sort of counter for the Govopoly? Uber, Amazon, and etc seem competing against incumbent Govopoly-benefited entities. Regards, |
Thank
you for raising this issue. You may notice Uber running against the Taxi Govopoly - at tremendous expense. You may also notice Tesla, in alignment with the Govopoly agenda, - receiving substantial subsidies. You may also notice Facebook's Zukerberg preparing to run for office. |
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| Sep 3,
2017 Wants to Know What to Trade I am from Australia and new to trend trading. What do you think is the best instruments/systems to trend trade. I am trading CFD's to start with but know that some trade futures, forex etc. What do you suggest, the instrument should I use to trend trade? Kind Regards, |
Thank
you for raising this issue. You might consider trading a portfolio of trending markets. |
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| Sep 2,
2017 Radial Momentum Hi Ed, I invented radial momentum and the experiments you have devised is the same as what I devised at university. I am interested in how you acquired my assignment. This is not the first time my work has been used. I also designed the Britannia roundabout upgrade in Adelaide. Thanks, |
Thank
you for asking how I could come up with your idea - and then publish it
before you do. Simple. I use a time machine - the one that you likely also claim inventing. |
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| Sep 1,
2017 Wants to Send Gift to Mentor Mr. Seykota, First and foremost I appreciate you taking the time to read this email. I'll make sure to keep this very brief. I'm a 28 year old man who's spent majority of my life in financial shambles and I'm searching for ways to get out. I would appreciate you being my mentor. I would also love to send you a gift to show you my appreciation so please email me your mailing address with your response. I look forward to hearing from you. Sincerely, |
Thank
you for sharing your process. For now, I can mentor you through FAQ. Task #1: You might like to consider telling me more about the gift you propose to send me. |
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| Sep 1,
2017 Wants Guidance Dear Mr. Seykota, I am a patent attorney who has followed you for years. One of my goals is to trade full-time however despite extensive reading, research and trial-and-error over a period of years, I can't seem to find the ability to do that. If you ever have some extra time, I would truly value your guidance regarding my situation. By chance might you be available to chat at some point? Or if you would let me buy you dinner sometime in Texas, Puerto Rico, Tahoe, Or the Bay area, it would truly be an honor. If not, no worries as I expect you are quite busy! Cheers, |
Thank
you for sharing your process. I can offer you guidance, for free, in response to your email to me at FAQ. I also offer private consulting, per the terms at Ground Rules, above. |
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