Ed's FAQ MAY 01-31, 2023

Contributors Say

Ed Says

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May 29, 2023

Austin Tribe Meeting Schedule

Hi Ed

What days are the meetings in Austin as I couldn’t find a current calendar on your website.

Thanks

Thank you for asking about the Austin Tribe, that I plan to host as a series of ten 5-hour, Thursday-evening meetings, over a period of about 6 months.

I can announce a more definite schedule when I receive commitments from about 8 people.

May 29, 2023

Entry Points

Hello Ed,

Skills I may contribute: Over the past 10 years as a credit analyst, I have developed a solid awareness of the challenges associated with assessing the financial stability of organizations.

My goal for the association are: I don't have any specific trading expertise or experience. Sincerely, I want to make long-term wealth for myself. Even though I have already started working on myself, I am confident that your extensive experience and accomplishments will be extremely helpful in directing my comprehension and aiding in my development as a trader. I believe trading is the only profession that allows you to work for yourself while still receiving fulfilment.

I might think about using Tribe as an entry point to express your feelings: I've tried doing that a few times, but the messages are typically not answered. The most recent message was sent in January-23, and it was also not returned. Although I appreciate your idea, I believe communication should be collaborative rather than namesake.

Sincerely,

Thank you for letting me know my suggestion to "Take Feelings to Tribe as an Entry Point" lacks clarity.

The Tribe, in this context, means your local Tribe - with which you meet in person and trade turns working on issues - and access these issues through an "entry point."

You may send reports about Tribe Meetings to FAQ (this website). You may also raise other issues here, as well as simply check in from now and again.

For more information on the Basics of The Trading Tribe, see the link, above.

May 27, 2023

Wisdom

Dear Chief Ed -

Thank you for sharing your wisdom with us all ...

Trust you & your family are well.

Sincerely

Thank you for sending me your well wishes.

I think of wisdom as something that passes through me as part of my intention to serve you.

May 27, 2023

A Young Fan of TTP

Thanks for the book Ed! I love the teaser and can’t wait to read the whole thing! Happy Saturday!

Thank you for checking in and for sending me the photo.

May 27, 2023

Disappointment

You won’t be disappointed Ed, I can assure you that.

To your letter of February 17, 2023 asking me to mentor you, I reply:

Thank you for asking about an apprenticeship.

I wonder if you can tell me what particular skills you might bring with you - and what intention you might have for the association.

Meanwhile, you might consider taking your feelings about <taking responsibility> to Tribe as an entry point.

You might consider taking your feelings about <listening carefully and responding directly> and <managing other peoples' feelings> to Tribe as entry points.

May 26, 2023

No Sign In

Ed,

Thank you for your response.

I still am unable to sign in.

I have my original sign in data but does not seem to work.

? Fix

Thanks

Thank you for letting me know about your issue.

I wonder if you can send me a screen shot from the page on which you encounter your issue - and the keystrokes you apply to that page.

May 26, 2023

Writing a Novel Featuring the Trading Tribe

Hi Ed

Thanks for your email. I would absolutely love to attend some Tribe meetings so I can be as accurate and authentic as possible.(And, also, explore my own feelings and emotions as you say) I wouldn't want to put out anything that didn't have your approval.

The only issue is that I live in the UK and have two small children, Do you have meetings throughout the summer? You're in Austin now, right? Let me see what I can do.

Thank you

Thank you for sharing your process.

May 26, 2023

No Conncection

Hi Ted,

it seems that I can not contact this group in Baku/Azerbaijan.

Thank you for letting me know.

You might consider starting your own group.

May 25, 2023

Govopoly

Ed,

I read Govopoly slowly and with an open mind. Along the way, I experience many aha moments. I let go of sensations that seem to relate to hope for a knight in shining armor. I see economies in a different light, and understand the cycles on a deep and intuitive level.

I feel my commitment to my trading increase as I see the value of this skill with greater clarity. I begin a higher level of commitment to improving my skills. As a result, I spend more time observing my inner world and delight in the feelings that I experience from moment to moment. I see that the sensations In my body direct my attention and that my beliefs are inextricably linked to the outcomes I experience. My trading results improve.

I carry a knowledge of the ways in which I control the reality I live in. I understand that I create reality here and now. The world changes in an instant if it is what I desire. In the non existent past, there is a "just out of reach me" that grapples with self limitations. I have these experiences, and I become the unlimited version of myself now, and I am confident that I keep feeling this way.

Thank you Ed.

Thank you for sharing your experience of reading Govopoly.

May 24, 2023

Jacksonville Beach Tribe Meeting

Thank you and hope all is well, by responding now to this email you are reminding me of some good memories from 2022 -TY

Btw I have tried to locate a Tribe in Miami area but so far no success so if you do know of anyone in South Florida please connect me, would love to try a field of acknowledgment since so far I am in DIM.

Thank you for checking in.

I now know of a few Floridians wishing to attend a Tribe meeting. I plan to host one in the Jacksonville Beach area.

Let me know if you'd like to attend and what issues you might like to bring to the Hotseat.

May 24, 2023

Wants Help

I am still waiting for an email from you but so far nothing has happened. Is it no longer possible to help me?

Yours sincerely,

Thank you for reaching out to me.

The Trading Tribe promotes personal and spiritual growth through intentional community in which people treat each other with love, respect and kindness.

Your request for tuition to a school that does not exist does not qualify as an act of love, respect and kindness.

You might consider the notion that prosperity naturally flows to those who follow the principles.

May 24, 2023

Intergating Investing with Living

Hi Ed,

Thanks again for chatting a week ago. I had a lot to think about as it totally changed my trading approach. {My wife] and I had to re-calibrate our next steps to start thinking about how to invest without pulling winners to pay for our other expenses (living expenses, mortgage & saving for children in the future).

Trading Follow-up:

    Compounding interest: I created a spreadsheet that factored in a portfolio growth of 7% and saw that if invested, you make an additional ~3% for inflation. This triggered me to re-evaluate pulling profits for living expenses.
    % of income to save for investing: We agreed on saving 20% of our income.
    A question I am continuing to think about: How do you know when to hold or continue riding a wave? Is it new resistance levels, volume, and fundamental company analysis?
    I started looking at 13F filling to find when large companies are purchasing 5% or more than a share, before it comes out in the news cycles.

My future plans:

    {My previous employer] severance ends August 30th, then I will have paid unemployment through the end of January, 2024.
    With the Company stock + 401k transfer to IRA + crypto, we will have around $100,000 total portfolio to start with. This doesn't account for other assets we have such as the house and the property in Mexico. Also, we are completely debt free (equity of house outweighs remaining loan).
    Instead of going back to work immediately, I will hold through the unemployment period to spend time in our property in Mexico, relaxing, and to continue learning. The goal is to set ourselves up to investment with real money starting in 2024+
    Companies have already been reaching out, so I think finding work in 2024 will come easily, just need to determine what industries and role I will be aiming for

Next steps:

    This week, we all go camping through Friday (5/26) so I will not be trading.
    Week of 6/5 - I will begin paper trading again, and sending the same updates, with price charts, risk assessments along with V1 of the new strategy.

Sincerely,

Thank you for checking in.

May 22, 2023

Podcast

Hi Ed,

I trust this email finds you well! Keep me posted if you decide to do a podcast, I would enjoy speaking with you for the pod about HFT.

Thank you for reaching and for motivating me to getting a Round Tuit.

May 22, 2023

Greetings from Ancient Ephesus

Dear Ed,

I've recently ordered your book from Trading Tribe website and it was delivered safe and sound to the small town of Selcuk where I've been living with my family for the last 5 years. It is located in Izmir province on the beautiful Aegean Coast of Turkey, right beside the ancient city of Ephesus and remnants of Artemis Temple, one of the Seven Wonders of the World.

I browsed through it and read the introduction and have to say, it is indeed very different from any other books regarding markets or anything for that matter, hence it requires a very focused reading so its contents will have the most profound impact on the reader. Or so I think.

I first came across your philosophy in Market Wizards book and Michael Covel's audio podcast and subsequent reading of his Trend Following book. Then I listened to one-of-a-kind Whipsaw Song on youtube. The points you've made in all these are simple and straightforward and I doubt they can be stated using better language or more vivid metaphors/allegories.

We do seem to get what we want from everything and everybody in this life. It is all about what we want exactly. Zig Ziglar's metaphor describing goals as targets which you can't hit if you don't see or don't have them resonates well with your idea that whenever one finds its calling or true burning desire, Nature seems to cooperate on helping this person to achieve it, i.e. succeed.

I wish we could meet in person, either in the USA or Turkey. If you ever decide to visit the area where I live (if you haven't in the past), please let me know. I believe you are living near Lake Tahoe. I've been there once and loved it to bits. Maybe if I get myself together and use my athletic potential to the fullest, I will be able to come in 2024 to race Western States Endurance Run and visit it again.

Thank you for your guidance and relentless energy to experience and enjoy life as well as share your observations with others,

Best Regards,

Thank you for checking in and for commenting on The Trading Tribe.

I currently reside in Austin, TX.

May 21, 2023

Clearness Committee

Hi Ed,

It was good chatting with you today. Below is an excerpt from the book I was talking about. What you described this morning sounded a lot like this Quaker tradition to me. The book is called "Let Your Life Speak: Listening for the Voice of Vocation” by Parker Palmer.

Here’s the excerpt:

    I was offered the opportunity to become the president of a small educational institution. So as is the custom in the Quaker community, I called on half a dozen trusted friends to help me discern my vocation by means of a “clearness committee,” a process in which the group refrains from giving you advice but spends three hours asking you honest, open questions to help you discover your own inner truth.

    Halfway into the process, someone asked, “What would you like most about being a president?” The simplicity of that question loosed me from my head and lowered me into my heart. “Well, I would not like having to give up my writing and my teaching…. I would not like the politics of the presidency…. I would not like….” Gently but firmly, the person who had posed the question interrupted me: “May I remind you that I asked what you would most like?” I resumed my sullen but honest litany, “I would not like having to give up my summer vacations…. I would not like….” Once again the questioner called me back to the original question. But this time I felt compelled to give the only honest answer I possessed. “Well,” said I, in the smallest voice I possess, “I guess what I’d like most is getting my picture in the paper with the word president under it.”

    I was sitting with seasoned Quakers who knew that though my answer was laughable, my mortal soul was clearly at stake! They did not laugh at all but went into a long and serious silence— a silence in which I could only sweat and inwardly groan. Finally my questioner broke the silence with a question that cracked all of us up— and cracked me open:

“Parker ,” he said, “can you think of an easier way to get your picture in the paper?” I called the school and withdrew my name.

Thank you for following up on our conversation and for sending me the excerpt from the "Clearness Committee."

May 18, 2023

Trend Following

Ed,

Sending you and hope/prayers that you are doing ok.

Trend following and breakouts are way of life as you taught me!

Thank you for checking in.

May 17, 2023

Twitter Suspends The Trading Tribe Account
And Then Reinstates It

May 16, 2023

Hello,

We received your request to have your account reinstated.

Please respond to this email with the reason you believe your account suspension was in error and/or the reason you are requesting an appeal.

Once we receive your response, we will review and provide a follow up response with the outcome of our review. If this request is for an account reinstatement under our new criteria, please allow 3-5 days for us to review and respond. In some instances, it may take us longer to get back to you.

Thanks,

Twitter

May 17, 2023

Hello,

We’re writing to let you know that your account is now unlocked. We’re sorry for the inconvenience.

A little background: We have systems that find and remove automated spam Twitter accounts, and it looks like yours was flagged as spam by mistake. This can happen if an account exhibits automated behavior in violation of our rules.

We apologize for the mixup, and hope to see back on Twitter soon.

If you need to get in touch with us again, please file a report through your Twitter app or our forms page, as this account isn’t monitored for replies.

Thanks,

Twitter

May 16, 2023

I do not know a reason for the suspension.

If you tell me the reason, and how I can fix it,
happy to comply.

Thank you.

May 13, 2023

Wants a Job

Dear Mr. Seykota,

I hope you are doing well and enjoying PR if you are still there!

I am wondering if you know of anyone who is looking to hire a quant trader or similar position.

I transitioned into a more passive investment strategy over the past year due to lack of smallcap intraday activity and wanting to focus on some creative projects. I am currently working in blockchain cyber-forensics, but am interested in returning to trading in an institutional environment if the opportunity arises. I now have my SIE and have been intermittently studying for Series 65.

Best,

Thank you for reaching out to me.

I now live in Austin.

I can let you know if I hear of someone who might wish to hire you.

May 11, 2023

Wants to Join

Hi,

I wonder how can I know if there is a Tribe in Israel and how can I join it?

Thank you for asking about how to Join a Tribe.

See the Link above: Trading Tribe Basics.

May 10, 2023

Funnymentals

Dear Mr Seykota,

Sorry to bother you again. You won't remember me but I sent you the above email 2 years ago (See Jan 10, 2021). I am now 21 and remain fascinated by financial markets. I am emailing you as I would love to get a snippet of your wisdom.

Over the past few months, I have been unable to shake the view that commodity and energy markets are wildly mispriced. As someone who built a career trading these markets, I would love to know if you share this opinion.

Here are my thoughts.

Oil seems to be completely disconnected from fundamentals. The market is so busy pricing in a recession and seems tone-deaf to a decade of underinvestment, huge inventory drawdowns and OPEC's discontent with current prices. This doesn't seem sustainable to me.

If any of the goals from the Paris Agreement are to come to light, Copper, Lithium and Graphite supply chains need to be strenghened on a monumental scale. Even if this is possible, global supply seems fundamentally too low to match projected demand.

In my opinion, Nuclear and Geothermal will have a far higher share of the global energy mix than currently anticipated. If that is right, investment in uranium and the many minerals required for large-scale geothermal needs to rise.

From where I am standing current prices are not sustainable in the long run. Sure, it makes sense in a recession but at some point we are going to have to start investing in energy security.

When compounded with geopolitical tensions and green energy transitions, there already seems to be a growing incentive to invest in these industries. We are seeing this from reshoring in the US and growing appetite for friendshoring (ie Apple moving to India). Is this not a multiyear trend that will feed through to commodities and energy?

As someone who knows a lot about this space, I would love to know your thoughts on this. Are you as concerned about global supply chains and low commodity prices as I am? What am I not seeing?

Completely understand if you are too busy to get back to me on this.

All the best,

Thank you for sharing your analytics for the petroleum markets.

You might consider if you prefer analyzing the markets or making money.

You might consider taking your feelings about <having to analyze> to Tribe as an entry point.

If You Would Analyze

Analyze Yourself.

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May 1, 2023

Wants to Attend a Workshop

Hello,

Will you be holding any workshops in the near future?

Thanks,

Thank you for raising this issue.

I plan to host a Workshop and the Austin Tribe later this year.

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