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Ed
Seykota's FAQ
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June 29, 2018
Wild Swings
Hi Ed,
I am not aware of any UK tribes after an internet search, but this is something that I'm pretty new to.
I spent a year learning what was, in effect, day trading with a Forex education company.
Trend following, though, really speaks to me. Except I wasn't ready for the wild swings in equity. One
day I've made more money than I've ever seen in my account. The next I
am watching it disappear - all still within my risk management rules of
course.
This is hard!
Psychologically are there any good ideas for getting through these wild swings in equity?
Thank you.
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Thank you for raising this issue.
You can modify the parameters in your system to increase and decrease the magnitude of its equity swings.
You
may also come to align your personal risk tolerance with your trading
system by taking your feelings about <wild swings> to Tribe as
entry points.
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June 26, 2018
Getting Stuck on Forms
Dear Ed,
The London Tribe continues to hold regular meetings, typically every three weeks.
We notice that many of us get stuck on forms. We keep coming back to them meeting after meeting.
We
all agree that the Rocks Process is something that we need to utilize.
However, I have my concerns about practicing this without seeing it
being done by someone with considerable experience first.
I worry that doing the Rocks Process wrong could cause more harm than good to the person on the hot seat.
I wonder if you have planned a workshop yet, as I feel learning directly from you would be the best route to take.
Thanks
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Thank you for raising this issue.
Tribes
that use the Zero-Point Process and the Forms-Re-Integration Process
may drift into using them medicinally rather than pro-actively.
The Rocks Process addresses this issue and facilitates moving through the currently active issues and forms.
Watch this site for announcements about upcoming Workshops.
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June 23, 2018
Tribe Meeting Report
Dear Sir,
With 4 members present, we begin the meeting with drumming & proceed to check in.
Check In
TM1
: TM1 mentions how his Girlfriends parents meet his parents, how the
meeting goes smoothly barring some hiccups. He also mentions how he
travels back to Mumbai with his girlfriend & how good it feels
spending time with her. He also mentions feeling lonely for some time
when there are no Tribe meetings & many of his friends are also not
in the city. He feels hot but does not take the hotseat as his shoulder
is recovering from surgery.
TM2(I): I bring issues of
disappointing my father & missing my friend to the Tribe. I share
that I am able to accept the feelings that come along from time to time
instead of pushing them away, though there is more to be done.
TM3: He brings issues he has with his sons performance in the 9th grade. He feels scared for his sons future.
TM4:
He mentions that he has shared his romantic feelings with a friend.
Though the feelings are not reciprocated, he feels nice with sharing
these feelings. He also mentions how another friend of his also shares
her romantic feelings for TM4. TM4 unsure though. He also notes how
traction is picking up on dating apps for him
Hotseat 1
I
take the hotseat first & describe my problem. I mention how
while I accept my feelings, I mention ways I medicate my feelings by
say going to Social Media websites like reddit whilst getting into my
forms of scratching my hips, rubbing my hands.
PM freezes
me and I recollect a memory of staying back in school for athletics
& missing out on the Long Jump team because I did not lean forward.
I feel stupid for missing out because of something so simple. At one
point in the process I feel like quitting the process. TM1 informs me
that he feels angst in me. I am somewhat scared & also feel like I am disappointing my Tribe members.
I get hot again & get into a form of hammering both my fists into
the air and jumping in my seat. I feel exhausted & elect to end the
process. We do the forms reintegration & the process ends.
Checkout During
checkout, TM1 mentions he felt really hot & angry during the
process. He feels like "Why are you giving up on the hotseat and not
taking it to the logical conclusion when you have a grasp of the
concepts somewhat intuitively?" He also mentions that he felt somewhat
scared after he informed me of my angst during the hotseat. He was
afraid that I might physically harm him. Process Manager tells me that
while in the beginning I tried to control my own process, I let go soon
after. I notice how the "not finishing things well" is a common theme
in my life & feel like it needs more work. TM3 also notes how
PM(TM4) was an amazing manager & managed the process flawlessly.
Hotseat 2
TM3
takes the Hotseat & describes his anxiety for his son in the 9th
grade. He (TM) feels like he has not paid his son enough attention. He
gets into his forms of rubbing his right ring finger & proceeds to
rub his hands. He recalls a memory of his childhood when he would sit
on one corner of the bed with his mother and 2 siblings occupying the
other corners & his mother would help the children with their
studies. He also feels some pain in the upper back. He develops another
form of shrugging his shoulders & banging his head with a sad
expression. After some time, he elects to end the process &
performs the forms reintegration process.
Checkout During
checkout, I share how I drift in and out of TM3's process & wonder
if my parents also feel anxiety around me growing up. PM(TM1) shares
that this was one of TM3s newest forms. PM also mentions how bringing
issues we are not sure of bringing to the Tribe help us become better
receivers & senders while uncovering more issues to work on.
Regards,
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Thank you for sharing your process and for documenting your Tribe Meeting.
You might consider implementing the Rocks Process as an alternative to Forms Re-Integration.
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June 18, 2018
Blue Line
Hi, I am from Korea.
Thank you for your providing on the web site.
I would like to know what is used on the volume window of the chart. It's a blue line on green volume bars.
I looked up the websites and few FAQs but hard to find.
Cheers.
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The lines express volume and open interest.
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June 17, 2018
Fellow Austinite
Dear Ed,
I
am from Austin since 1990, retired military from a 21 year career in
the Army Special Forces and also as an orthopedic surgery
consultant. I was forced to medically retire as a Major in 2008
with spine injuries incurred from 55 combat equipment parachuting jumps
in the Army.
I was fortunate to begin buying Austin real estate near South Congress, and also a corner on Rainey Street in the early 2000’s.
Unfortunately
after retiring, I still had chronic pain from my spine injuries.
So after taking morphine for 3 years, being made a zombie, I opted for
a spinal cord stimulator implant in April 2011. I awoke from
surgery paralyzed as a quadriplegic, and spent 3 months in the hospital
learning to walk again.
To recover, I used Transcendental meditation, visualization techniques, contemplative prayer, and a positive mindset.
To
keep my mind positive, I read from my hospital bed at Health
South/Brackenridge (Austin) “Reminisces of a Stock Operator”, and then
every bio in existence on Jessie Livermore. This kept my mind
focused on something positive. I even found and purchased a copy
of Livermore’s first edition 1940 book. I studied Wykoff, Gann,
and Daria’s a little as well.
When I left the hospital in July 2011, I focused on my physical recovery for a year.
I
then began an amazing “led and blesssed” journey with God/the
Universe. My ex wife divorced me because I chose at 45 years of
age to apply to MBA schools to jump start my life again as I cannot
physically do orthopedic surgery anymore. We are amicable, as my
two amazing children live in Austin.
When life gives one adversity, there is opportunity. I
meditated and decided I wanted to build a real estate private equity
fund to help pension funds meet their liabilities. I ended up doing an
executive MBA at University of Chicago Booth.
Unbeknownst
to me, I had to study a week in London and Hong Kong. Along my
journey, I met an amazing global network of people in my MBA, including
my new wife, an Italian born lawyer here in London. We just
celebrated our one year anniversary last week in Santorini, Greece last
week.
I am now focused on my real estate to build up a war
chest of capital to do some greater good. Medical devices are
capital intensive. And may help a lot of people, yet not make
money for years due to FDA bureaucracy.
I formed (Firm) in
Austin last Summer. I received my SEC Registration in February as
a Registered Investment Advisor. I have access to off market real
estate deals in London, Madrid, and Lisbon for great returns in city
centers in European Capital cities with growth projections like
Austin. Life is good as they say.
I’ve now resumed my
personal study on trading. For my own portfolio. This
morning, I found myself led to you. As they say, law of
attraction. When you are ready, a teacher or partner appears.
I
would love to meet you and make an acquaintance, and if we have great
energy, friendship. I perused your Govopoly book and felt like I
conn
I leave on Monday ... to Austin to visit my two kids
... I’ve recently have began re reading various investment books
as an inner urging and yearning has made me realize this is also a keen
passion.
Please let me know if you have the time to meet up,
I’m happy to come to Bastrop or meet up for a meal in Austin. I
feel a kindred spirit to your life’s work,
With kindest regards,
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Thank you for reaching out to me.
You might like to consider Livermore's propensity for high risk and high drama.
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June 13, 2018
Wants to Join
Please I want join your group or forum so I can grow and learn more as a forex trader.
How do I join?
Thanks
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Thank you for asking how to join.
You join by reading FAQ - and also by contributing questions and comments (such as the one on the left) to FAQ,
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June 12, 2018
System Design
Hello Seykota,
Good Day, How are you.
I
am the son of a farmer grew up in a village in India and recently
migrated to Australia. I always had some burning desire inside to do
really well in life.
But I realised I am very introvert
and not able to perform well in a corporate work environment and was
searching for something which will give me a chance to achieve a level
of success which will make me feel good.
I recently come
to know about stocks, futures and commodities and started searching and
reading books and I found trading will help me because markets don’t
care about introvert nature but will help me to succeed if I work hard.
I
really appreciate you spending all this time to read my email and
excuse for any errors in language or mannerism may be due to the
difference in our background cultures. Could I please ask you,
1.
Price action in which time frame will be an indication of long term
trend for a currency in your definition and also like to know for
commodities and stocks but I know you have limited time.
2.
In a price action break though; what is the stop loss strategy which
will have a higher chances of success.
3.
In a breakthrough do you always wait for retracement or get in to trade
in a break through or is that all based on level of risk.
If
I have broken any of the ground rules, I am really sorry and ignore
those questions because I understand how valuable your time is.
I
would really appreciate any reply or feedback or a spark of knowledge
for me to go and explore more to help me achieve my desire.
Thanks and Regards,
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You can answer all your questions and optimize your system to your own desires by back testing.
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June
11, 2018
235 to 220 in Two Months
Hi Mr. Seykota!
It's been another 30 days of being in The Zone - so I have forwarded my weight loss chart.
An
area I need to improve upon (and have already implemented) is the
quality of my carbs. Weight loss has slowed a bit and after
review, I determined that I might have been eating too much fruit
(higher in sugar) and not enough "green stuff". So I'm getting more
creative with asparagus, brussel sprouts and spinach. Creamed spinach
is unfortunately a bit high in the fat arena....
I still find the plan extremely easy to follow. I never feel deprived, hungry or unsatisfied. I just do it.
All the best - and thanks for your continued interest.
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Thank you for sharing your process.
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June
11, 2018
Inner
Resolution
Dear Ed,
Things got worse before things got better.
No more Rationalism. No more Skepticism.
A thing is - what it is.
“Nature, to be commanded must be obeyed.”
“Nature, to be apprehended, must be obeyed.”
I feel inner resolution writing these words.
I thank you from my heart and mind.
I wish you all the best wherever you are.
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Thank
you for sharing your process.
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June
9, 2018
TT Chartbook
Page
(Your Chartbook) is working again!
Ed you are seriously the best!
I have acquired an entire library of books on trading of which about 12
seem to really matter, & your website is the gold mine that
allows me to determine what matters the most. I can't tell
you how many times I've pondered & reflected upon your stock
picks.
Thank You!
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Thank
you for sharing your process and for reporting when the site goes down.
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June
8, 2018
Five Kilos
Good evening Mr. Seykota.and good trading.i read and totally understand
your answer to question from (Sat, 1 Nov 2003 System and
Discretionary Trading) about choppy markets.it was hard . i am from
south ossetia and wrote recently in my instagram account after my
surname this sentence(super-trader).i dont it but dont want to delete
it.i have no questions but reading FAQ i feel i am progressing.my
grandmother was wise woman,she used to say she wants to buy the mind
else=about 5kilos.
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Thank
you for sharing you process.
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June
5, 2018
Govopoly
Ed,
It is a pleasure meeting you by e-mail.
Govopoly is a valuable work. Thank you for the effort.
In addition to the superb work, the illustrations add clarity to the
book and your font choice is excellent.
I learned of Ed Seykota in Market Wizards.
As the years go by, your interview continues to make sense. Good
traders are people who find a way to be successful in all of their
endeavors. And it took me many years to become consistently
profitable. I'm getting what I want from the market.
Thank you, Ed.
Sincerely Yours,
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Thank
you for acknowledging me and the work.
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June
3, 2018
Wants a Job
Hey Ed,
I am 28 years old and have been studying your trading style for years.
I would love to learn more from you.
Is there anything that you are working on that I can help you with? I’d
love to help in any way I can.
Thanks!
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Thank
you for reaching out to me.
I can use help with programming graphics applications in C#, JS and PHP.
You may send me a resume.
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June
3, 2018
Battle
Dear TT, Mr. Seykota, Ed,
Our battling story is here below on our website.
We are totally devoted to the trading and once our story is starting to
be heard in the Bahamas, we were asked by some people about the guides,
unions.
But our approach to doing is absolutely non-profit, was not something
local community agreed.
Now, finding you, if I understand well, we can start to advertise
through our website your website and call this new community Trading
Tribe of Nassau Bahamas, by Ed Seykota or something similar?
Please, advise.
People here saying that with our lives and the battle we help them
believe that trading is real, which is big satisfaction for us. Some
very horrible stories about brokers abuses on genuine novices here
happniing often and we can obviously help and sustain them, just by
meeting from time to time, yes?
Have a very nice all and thank you one more time for organizing the
Trading Tribe
- hope to be a good part of it and make it grow,
Yours sincerely,
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Thank
you for informing me about your battle.
In this connection you may not use "Trading Tribe" or the (TT) logo or
my name in any way that implies endorsement for or against any cause or
any party to any conflict.
The Trading Tribe registers as an educational service - and does not
take sides in conflicts.
You might consider taking your feelings about your case to Tribe as an
entry point.
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