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from Ed in Red)
Mon, 11 Apr 2005
I'm wondering if you would be available for an interview regarding your
new book for a leading ... publication ...
I'm a journalist
currently freelancing for national publications and magazines. I am also a
trend trader and a long-time reader of FAQ.
I appreciate your time and look forward to hearing from you soon.
may interview the book when it appears. I am happy for it to speak for
10 Apr 2005
Oldies, FAQ April 8, 2005
The April 8 FAQ entitled Oldies reminded me of a passage from Oscar Wilde.
After playing Chopin, I feel as if I had been weeping over sins that I
had never committed, and mourning over tragedies that were not my own.
always seems to me to produce that effect.
creates for one a past of which one has been ignorant, and fills one with a
sense of sorrows that have been hidden from one's tears.
I can fancy a man who had led a perfectly commonplace life, hearing by
chance some curious piece of music, and suddenly discovering that his soul,
without his being conscious of it, had passed through terrible experiences,
and known fearful joys, or wild romantic loves, or great renunciations.
--Oscar Wilde, Critic As Artist
Thank you for this site and TTP!
some level, we know the feelings of all our brothers and sisters, ultimately
of all life on the planet.
to experience this knowledge is necessary to preserve the illusion of
a piece of music, a chance encounter or a Tribe meeting brings some of this
deep material to the surface.
All Waiting to Surface
we are willing.
Sun, 10 Apr 2005
I found the trading tribe web site and I am reading the FAQ from the
beginning. Friday I found a FAQ regarding your Theory of Radial Momentum
dated July 2003.
When I read the
crux of your theory I immediately thought of atherosclerosis and the
deposition of plaques in arteries. The higher a person's blood
viscosity, then the earlier signs of atherosclerosis?
Momentum Theory indicates the section of artery immediately downstream from
an obstruction experiences lower pressure and reduction in cross section.
secondary effect is largely irrelevant.
effect increases with a fluid's bulk modulus and velocity and decreases with
is not primarily a hydrodynamic effect. It is the buildup of plaque on
the interior walls of arteries.
is the Unwillingness
experience the flow of blood.
Sun, 10 Apr 2005
In an 10/22/03 FAQ (Correction):
says: TTP can work in groups, in pairs and, ultimately, within one person
as Fred and CM communicate.
From your description of DIM (which is much more recent), it seems that your
conclusion is that DIM is fruitless, as it is difficult for the person to
fully experience by himself the very feeling he has been suppressing for a
life time, and so the process tends to break down at the point of
So am I misinterpreting your original statement? Do you still think TTP can
work within a person? If so, can you please share? Or do you change your
mind because of seeing enough evidences against DIM?
Thank you very much. I enjoy reading the old FAQ. The TTP experience I have
now helps me a lot to understand what you wrote then.
you work in your Tribe to untie your k-nots, you rehabilitate your Fred-CM
DIM (Do It Myself) process is largely ineffective in untying k-nots.
can see fireworks easier.
with others, however,
you experience the meaning
usually easier in bright light
Sat, 9 Apr 2005
A Little Levity
I was just reading FAQ and when I read post Wed, 23 Mar 2005, entitled Research
Work and your response to it I had to laugh.
In the words of the great Jeff Spicoli:
If you're here
and I'm here, doesn't that make it our time. -- Fast Times at Ridgemont
things seem far too obvious for most people to grasp, like, say, trading
with the trend.
Jeff's grasp of
the obvious provides inspiration to those of us who overlook it.
Fri, 8 Apr 2005
Occasionally when I’m in my car, I find myself listening to an “oldies”
station that plays classic pop and rock music — the songs I listened to
One moment I’m
driving down the road, thinking about whether it’s spaghetti or burgers
for dinner, and the next moment a song from my past will come on, and I’m
back in junior high school, suddenly transported back to an emotional
landscape from many years ago.
When some of these “oldies” get played, I catch myself quickly punching
the button for another station — in effect making a conscious decision not
to immerse myself in the surprisingly vivid and dissonant feelings that the
song brings on.
As I reflect on
it, I realize that the feelings I don’t want to feel are “nostalgia,”
which my dictionary defines as: “the bittersweet longing for things,
persons, or situations of the past.” The sweet part is the original
feeling — young love and heartbreak, the joyful innocence of being a kid
in a fresh world. The bitter part is the feeling that youth is past, that I’m
getting old and that I’ll never experience anything like the wonder of
those days again.
My reflex when the song pops on is to not go there — to avoid
experiencing the ambivalent set of feelings that are generated by this song.
So I quickly tune the uncomfortable sensations out.
But you know what I’ve come to realize? Fred wants me to be nostalgic.
He wants me to feel all those old feelings. He wants me to feel the
heartbreak, the fun, the joy of youth. At the same time he wants me to feel
what it’s like to be getting older; he wants me to feel the pain of lost
So, now, when I’m driving around, and the Carpenters suddenly break into
my world with “Close to You,” I crank the volume up. I sing along. I
revel in the nostalgia. I ridiculously let tears well in my eyes. If my wife
and kids are in the car (my thirteen year old rolls her eyes), I share the
kaleidoscope of memories and feelings that this great old song brings on.
Now I’m rediscovering all the old pop classics. I abandon myself to the
feelings these songs conjure. In fact, after fully experiencing the oldies
and all they bring, I find I’m able to again appreciate the great
craftsmanship that went into making them. Fred loves the old stuff!
as always, just isn't the same anymore.
1. We've Only Just
2. Love is Surrender
3. Maybe It's You
4. Reason to Believe
6. (They Long to Be) Close to You
7. Baby It's You
8. I'll Never Fall In Love Again
9. Crescent Noon
10. Mr. Guder
11. I Kept on Loving You
12. Another Song
Fri, 8 Apr 2005
Crowd of Love
What an incredible experience!
I was playing chess on the internet in a cafe when I found out that the Pope
is dead. I tell everyone sitting around the news. Everyone seems concerned.
I leave home and after a while I just couldn't resist the feeling that the
whole world was crying. I wept too, what a loss! I never considered myself
as religious, but I always admired the Pope.
I work in an office with windows showing the main square in Krakow. A few
days later I am ready to leave home when a friend says that it's quite
impossible to make it through the streets. I know the main square is filled
with faithful people ready to begin the farewell march. He says that I
should see the view, so I walk to the window. It is a phenomenon, I just
stare in awe. The whole main square was alive, people occupied every single
square meter and stood there waiting for the move. The air all around is
hot. I can hear the energy in the collective gossip. I stand there and enjoy
my lucky view and I breathe in the power of the gathering.
Maybe half an hour went by, I realize that I am getting anxious for not
being there with the other people. I think to myself " well it was
never your style to do so, anyway, you always said you hated the
crowd". That sounds strange for me too say. I like it this time. I
decide to leave work and do my usual stuff, I make it through the streets
and I am well on my way home, bumping from time to time into other people
going the other direction. I start to feel lonely, as if the warmth I felt
standing by the window was leaving me behind. I realize that I am leaving
the feeling, not the other way around. I have the inner chit chat:
"yeah, you always do that ... well, that's because I don't care, the
crowd is stupid, people... yeah, well what about following the feeling?
well, that's not the same...so how about following a felling in life, you
feel like going there now, right? ... alone, just like that? I will feel
idiotic, everyone will notice I am alone, besides, I don't fit in there...so
what?, nothing better to do, I'll do it for the first time, I'll just change
my mind about it all ... OK, fine".
I change directions and feel better already, I soon join a huge stream of
people, slowly walking towards the vast meadow by the city center.
I am astonished that although there probably several hundreds of people
gathering, there is plenty of room around, I can walk almost freely. At
first, I am very self-conscious, feel rather uncomfortable, I keep looking
behind my back for now apparent reason. We all walk slowly. Some people
stand on benches to make pictures, others stare from windows, just like I
did. Now I see the different perspective, it's better down here, I somewhat
angrily think "stop staring, get down here and join us".
I start to ponder on the death of the Pope, I always admired his
friendliness, commitment and the way people followed him. I wonder how other
people feel, I quickly realize that that it's rather obvious. They all come
here for one reason; to join together and mourn the loss of a loved one. I
feel a wave of sadness and tears in my eyes. We keep walking, I feel safe, I
smile in my thoughts to the people next to me. I feel for them, I like them.
I catch myself judging a few strangers, but then I reconsider, do I always
I experience a myriad of things: the people around, the beautiful sunset,
the journalists, the buses, the smoke from candles, the singing from the
loud speakers, the mystique but mostly the feeling that I am at the right
place, and peacefulness!
The mass begins, we stand there, contemplate, pray. It's dark already, but
our hearts are lit. We sing and hold hands and wave them in the air.
Some of this feels strange, especially the holding hands part. Hmmm, this is
too intimate for me, I never imagined that simultaneous singing, holding
strangers hands and waving them in the air could be such a hard task, I
think....just keep following through and enjoy... just join the rest... do
what they do and doesn't get any simpler then that. While doing so I quickly
I realize that my arms are stiff, so I let go of the tension and feel the
soft movements of the delicate feminine hands of my neighbors. nice.
Finally, we all leave home. I walk alone but I do not feel alone. This is
While I stroll
towards home I look around and notice people's faces, I see shiny, smiling
In, overall, there was about a million of us and I believe we all had the
same on mind. I also translated an important feeling into words. Again I
observe and notice that I could be friends with anyone here, the feeling of
safety which states that this world is not such a dangerous place after all.
People want people and they want good.
So, the day was supposed to be about going home from work, eating some food,
eventually staring at the TV and biting myself for a weird feeling of having
something good passing by me, again.
Not this time...
you for your report.
Paulus PP. II
16.X.1978 - 2.IV.2005
if I preach the Gospel, that gives me no ground for boasting. For necessity
is laid upon me. Woe to me if I do not preach the Gospel!
Cor 9: 16
the name of the whole Church, I sense an urgent duty to repeat this cry of
the beginning of my Pontificate I have chosen to travel to the ends of the
earth in order to show this missionary concern.
direct contact with peoples who do not know Christ has convinced me even
more of the urgency of missionary activity.
John Paul II
Fri, 8 Apr 2005
I want to send to
you and feel my feelings. I have a problem in that I have much difficulty in
many areas of my life and I believe that this is related to knots that I
have built up in me. I continually do battle on a daily basis using the DIM
I have trouble making many decisions and knowing what is my chosen
livelihood. From an early age I could never make a decision about
something, whether it be an Ice Cream flavor or which party to go to. I
rationalizes this as the opportunity cost (I studied economics ;) ).
I could be missing out on something better in the non existing past / future
if I do something different in the now. I have a grass is always greener
view that keeps me hopping from party to party, job to job, relationship to
I know deep down that I can do anything I wish if I put my mind to it, but
something is holding me back. I currently work for an investment bank but
have choose a middle office role that I do not enjoy.
I know if I pursue
it hard enough and want it I can get myself to a decent trading position;
through putting in the hours and working hard. I enjoy a good days work as I
makes me feel as I've achieved something, but too often in this job I am
left with free time and find it very difficult to motivate myself to be
creative with the moment.
Especially within a working environment where I wish to walk or go outside
or read a book with spare "down time". I feel pressured to
do what I should be doing. So i preoccupy myself with the internet, idle
chat and excel profit and loss accounting. I know that being bored is a
subject of my own choice; I really don't want to be bored but am playing
this drama and looping into boredom everyday.
The area I live in I am not committed to staying here for the next 2-4 years
whilst working up to a trading position. I enjoy a challenge but also
find it difficult to complete things once I think / feel I can do it. I
have trouble following through on things and this causes me much angst. In
relationships which are where I see my main worry I am always looking for
an excuse not to enter a relationship. I like to have a plan of how to
escape incase I need too, and in past relationships I have made an escape as
I am scared of the commitment involved and the grass is always greener
I want to have a good loving relationship and family but am so scared of
commitment and especially the opportunity cost that I cannot get
involved with anyone and therefore don't find out what the person is really
like. I have recently considered that I may be homosexual as I'm scared of
relationships with women and found this to be concerning. I know that who
ever I am it is just me and I can only feel that way as it is.
I am enjoying reading your site and learning from your methods. I wish to
develop and reach the potential that I can see in myself. I would like to
join a tribe but there are none here. I have spoken to friends about
going through the process although they seem to show some empathy with the
idea yet are not willing to give it a go. I am scared of advertising
publicly for a trading tribe group ...
I have ordered the book emotional intelligence and am looking forward to
reading it. I also watched Good Will Hunting two nights back and found it
really good, especially in relation to me and to the potential people have
and how they can overcome their fears.
Even by writing this email I feel that I am on the road to somewhere I wish
to be. I'd like to thank you for creating your website and wish you all the
best in your pursuits. I know you have no answers for me but I'm enjoying
sending you this.
might consider consciously committing to avoiding making any kind of
decision for a whole day.
the end of the day, you can reflect on your feelings about keeping that
you take the plunge.
Thu, 7 Apr 2005
Intention of Pain
I am reading this book "Pain - The Gift Nobody Wants" right now.
Paul Brand, the author of the book, leads me to his studies about pain, and
ultimately reveals the positive intention of pain, in his point of view.
I find this book fascinating, and can't wait to share my feelings (toward
this book) with FAQ readers.
Brand, the son of British missionaries to India, notices, in the native
population, resolute acceptance and bearing of pain.
concludes that to live without pain is to live in constant peril of
unchecked injury and illness.
medical explanations and vivid examples, he refutes the modern view of pain
as the enemy.
Contains a Judgment
a feeling is bad.
Fri, 8 Apr 2005
A member of our tribe can get to their feelings quite easily but cannot stay
there long as they get emotional. I understand there may be a number of
barriers such as not wanting to show emotions in front of others and/or it
is just too painful to go there.
Do we, as
receivers, encourage them to experience the feeling of not wanting to there?
experiencing the feelings of each barrier? Is this how we will get to the
Our tribe has grown to six.
might consider taking your desire to get everyone through their barriers,
into the process.
You Experience a Barrier
Thu, 7 Apr 2005
Is entry point (an issue) a requirement to TTP?
In the last two hot seat sessions, the senders take the hot seat despite
claiming that there is no particular issue they want to work on. Both say
they don't have an entry point per se, but just want to see what comes up.
After the process, they report back and both say they experience a lot, sort
of like a workout, a great release. They don't have any aha and do not
appear to be at a Zero Point, but they do say they feel better.
In both situations, I personally find it difficult to receive. Truthfully
though, I think it may be an issue I need to take to the hot seat myself.
One interesting thing I realize while observing the process is that I'm
blaming other people again ... as I am feeling uncomfortable.
It reminds me of
when you suggest me to tell myself the truth, "I don't like feeling
uncomfortable; when I feel uncomfortable I like to blame it on others."
I start to think that perhaps my insistence to doing it the "textbook
way" can be another entry point for me.
The textbook pattern as I understand is that someone has an issue, such as a
repeated drama, that brings up certain feelings in him that he doesn't like.
So he takes that issue to the hot seat, intentionally experiences that
feeling and all the judges along, until he reaches the Happy Judge.
While I think anything can be an entry point - even the feeling of not
having anything in particular if that's an issue - when in this case the
senders have no issues to work on to begin with, I don't know how I can be
effective as a receiver, and how can we "measure" our progress.
In the last two sessions, the senders have no feeling in particular that he
wants (or doesn't want) to experience, so there seems to be no judge, and
the process (from my view) just seems to drag on aimlessly.
As you say in a 9/03 FAQ, "Things you measure
tend to improve." In the normal case, I try to
"measure" the sender by asking him at the end of the process,
"How do you feel about X (the original feeling) now?" or "Are
you willing to experience X again?" But in this case, since he has no
starting point to begin with, I can't tell if he is making progress that
needs further push, or if he is avoiding the real feeling he is unknowingly
unwilling to experience.
I read from a 2/05 FAQ that you ask if anyone has "anything live"
and then probe for the person with the "hottest" issues. So in
the event the sender has no issue and just get on the hot seat to see what's
there, how to be most effective as a receiver? When they report back
that they "feel a lot" and "feel better" and seem ready
to end the process there, how can I decide whether to keep encouraging or
just let them go?
I greatly appreciate your teaching. Many thanks.
might consider taking your desire for other people to do it correctly, into
can be an entry point
Wed, 6 Apr 2005
I usually don't forward random emails, but this one is too incredible. An
officer gives a gun-safety lecture in a school and shoots himself in the
leg. Our tax dollars at work.
way to demonstrate gun control is to hit the target.
You Define Your Target
gain an aim in life.
Wed, 6 Apr 2005
Error in Some
in above mentioned post you say in your answer: "K-nots
are the feelings you are still k-not unwilling to experience."
The way I
understand TTP, I think k-nots are the feelings i am still k-not WILLING to
experience." Is this a typo or do I misunderstand this quote?
you for the catch. I acknowledge your attention to detail.
item now stands correctly as:
are unwilling to experience.
a Fish from a Mile Up
skill and patience,
eyes, sharp claws
Wed, 6 Apr 2005
I realized that there is a sound or kind of a music that is coming out from
the market. Sometimes you can hear that.
Do you have such
experiences? By the way: I Think Stocks have much more music than options or
The ideas for investing does not come when you want them. They come like a
flash or a lightning stroke. It's like composing music. (I am a former
musician) What do think about that?
Charts are wonderful pictures, they say more than 1000 words.
you for your note.
People can Hear Things
C things in music.
Tue, 5 Apr 2005
Dear Mr. Seykota,
In the 3/29 FAQ you talk about largest percent drawdown, which is something
I've heard about for a long time ago but never really learn in details. May
I please drill into the technicalities of it and ask you several questions
regarding this concept:
1. If I start with $1MM portfolio, but I only use $800k to trade and
I lost $200k. Is the drawdown percent 20% or 25% (since my portfolio value
is only $800k)?
2. At this point, if someone puts $400k into the fund and so the total value
I manage becomes $1.2MM. I use up all the capital to trade and lose another
$300k (for a total of $500k when one includes the $200k I lost earlier).
What is the drawdown percent at this point? Does the newly added $400k play
a part in the equation?
3. What if I leverage my position, and I am actually holding $2.4MM value of
securities? Would it affect the calculation of percent drawdowns?
4. Wouldn't this "largest percent drawdown" skewed when I begin
trading? For example, losing $500k as I start may mean a 50% drawdown. Since
then I trade very well and as my account grows, I never have a drawdown more
than 20%. In terms of absolute dollar I never have more than $400k. Despite
that, whatever total return I achieve is going to be divided by the largest
percentage drawdown that I had in the very beginning. Does it mean that we
are giving more emphasis to the oldest drawdowns?
Thanks for the clarifications.
do not know what you mean by "only use."
part of the account that you do not directly use, you may still use as
you count whatever is in the account as the investment, and calculate
profits and losses basis this amount.
your method, a woman sitting down only weighs about 50 pounds since she is
not using her legs.
Weight Loss System
weigh the part of your body
Tue, 5 Apr 2005
Discounting the Non-existing Future
I've been riding along this forum from its earliest appearance on the www.
Thank you again for all your contributions and wisdom.
The discounting theory of markets in finance and economics states financial
markets discount the future correctly. How can financial markets possibly
discount the future correctly when, to use your expression, the future is a
In a Thu. Dec 2004 post, you state, "Magazine
covers sometimes celebrate societal AHA's and indicate consummation of
I've also noticed you using the term "discount" in reference to
financial markets else where on the forum.
Don't markets "shape" the future in the ever evolving moment of
now, by reinforcing emotions and canceling logic, more than they discount
it? And, would not such a trend eventually culminate in a societal AHA, such
as indicated by the magazine cover?
My main question is, "what are the markets exactly discounting in
your use of the term discount?"
wishing you a happy & beautiful spring
p.s. crowd psychology is an area that I find immensely fascinating. I find
it much easier to observe societal drama than my own, and in the process I'm
able to see a glimpses of my own self reflected back to me. As you said,
"a fish does not see the water and you do not see your own drama."
Our siblings tribe is still going strong.
do not discount time. They discount an idea as it gathers credibility in the
moment of now.
You Finally Understand
is going on in the markets
isn't going on anymore.
Sun, 3 Apr 2005
What the Bleep
do We Know?
My wife and I are watching "What the Bleep do We Know?" and I am
fascinated by many of the topics discussed and the parallels to the trading
tribe philosophy. (e.g. Quantum Physics, Physiology of emotions,
I feel some of
your readers may also enjoy the film and wanted to pass it along.
box office expectations
Bleep uses grass-roots marketing reminiscent of other
unlikely hits such as The Blair Witch Project, Fahrenheit 9/11 and The
Passion of the Christ.
Bleep makes a case
for a scientific nonsectarian understanding of spirituality.
Sun, 3 Apr 2005
Book Ready for
Will you have your book available at the upcoming workshop?
the link on the FAQ Index page, above for details, including a publication
Sat, 2 Apr 2005
Is Shorting Different from Going Long?
Firstly, I must thank you your insightful comments. I have been developing a
trading system for stocks. I have developed several that work on the long
side easily and give positive results on past 20 years data.
I am struggling to
develop one for shorting stocks. Not one idea has given positive
results in down markets. I read that since bear markets are fast, one needs
shorter term Moving Averages to get positive results. I tried that and it
Please point me
towards the right direction.
might consider going with what works and abandoning what doesn't.
Markets Typically Climb
fear of Bear Markets
Sat, 2 Apr 2005
Description FAQ Thu, 24 Mar 2005:
Ed Says: I notice you don't mention SVO-p as part of
Your passive [I am asked to provide] does not reveal the identity of the
Nice catch – I choose to take it as an entry point this weekend.
I immediately recall another post, “Testimonial,” Fri, 11 Feb 2005, in
which my opening sentence makes use of past tense:
“… my business has made remarkable progress …”
I also immediately recall, in my 2005 New Years Proclamation (#2 on the
list) a statement that feels related to this issue:
“… my results in 2004 indicate that my intentions are stronger than what
I am willing to proclaim …”
I recognize an issue surrounding my unwillingness to live up to my own
values, my unwillingness to accept responsibility for my own successes, and
my unwillingness to accept responsibility for the failures of others.
Not only do I
notice that I can not possibly live up to my ability without living up to my
values, I also notice that I intentionally sabotage myself; disallowing my
ability to bear its fruit if that fruit is not nourished by the values I
know to be right.
Thanks for the catch – it helps me clarify the entry point.
Sometimes an entry
point develops into a trend and a nice profit emerges; the cool thing about
TTP is that this seems to happen every time.
you are doing in the moment of now represents your intentions - including
worrying about your concerns.
might consider taking your worry feelings into the process.
Easier to Bear Fruit
you enjoy it.
Fri, 1 Apr 2005
In response to the “Typoglycemia
post, FAQ Wed, 30 Mar 2005:
Ed Says: I wonder which of the various permutations of
you might recognize, out of context of the rest of the sentence.”
Yes, the human mind has some pretty advanced pattern recognition
functionality. The hard part is drilling it down into code.
can be thrilling.
Fri, 1 Apr 2005
I notice that the we often perceive a certain feeling in a way that actually
represents the judgment / feeling of repressing the actual feeling that we
think we are perceiving.
For example, I might go to the hot seat thinking I “know” what my “fear”
When I get to the
hot seat, however, what I find is that this “fear” feeling is really the
feeling of repressing fear – which is “hiding” the true experience of
the form of fear. Usually, when I get to the actual form, it is pretty cool
and not at all like the initial feeling / judgment.
essence of a knot
at its nip or binding point.
essence of a k-not
at the point where it binds
its own self-judgment
Fri, 1 Apr 2005
Did you change the title of your book from
"The Trader's Window" to "The Trading Tribe"?
Trader's Window" still a work in progress?
Trading Tribe is about The Trading Tribe and
TTP. See the FAQ Index, above for details.
Trader's Window is a novel about a Trader and some of his adventures.
It is not in publication.
Fri, 01 Apr 2005
Right to Left
I have been reading your FAQ for a couple of years. Lately I noticed
that I read your answers first. I usually read the question if your answer
feels somewhat abstract to me. This is very strange but I think this is due
in part that I stopped listening and reading other people's opinions about
the market's health and just let my system feed me that information. It can
also be a sign of aging --- time becomes more precious as one ages.
the item to the left.