May 15 - 31, 2010
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(Quotes from Ed in Red)
I hope all is well in Austin. As I read FAQ I notice mention of your
"Butcher, Baker, Candlestick Maker" rule. I do a site search on it and
do not find the rule definition. I wonder if you will consider
explaining the rule?
Thanks for this site and all of your help!
Three men in a tub,
And who do you think they be?
The butcher, the baker,
The candlestick maker,
Turn 'em out, knaves all three!
The “Rub-a-dub-dub” rhyme might refer to laundering
money. The upper floors of candle stick shops were often used as poor
tenant housing and “houses of ill repute” (prostitution), because the
process of rendering tallow to make candles smelled so terribly that no
one that had money / social standing would live in the space.
Perhaps the butcher & baker were in with the candle stick
maker, sending him client and laundering their share of the profits
through their successful, legitimate businesses.
When they were caught “cleaning” the dirty money, all
three became public embarrassments!
Austin Tribe Report - Doing the Math
Thank you for hosting the Tribe meeting on May 27th. What an experience!
I talked to the group about being intimidated by math and computer code
The group supported me while I talked about my
relationship with my father. I believe he is so much smarter than I am.
It doesn't matter what subject, he seems to have a better grasp of it
than I do. I am always wanting him to believe that I am smart. I am
afraid to look dumb, in his eyes. I intensely dislike being confused,
being the only one in the room who doesn't understand the topic that is
being discussed. It is hard for me to ask questions sometimes, because I
am afraid of what people will think. You suggested that I embrace that
sense of confusion. Go with that feeling that I am not smart, and
channel it in a positive way. You helped me to understand that if I can
say, "I don't understand what you are saying. Will you help me to
understand?", then people will want to, and will go out of their way, to
help me. I suddenly felt lighter. The room felt brighter. I was joyful
to know that I can use these emotions of uncertainty, this churning and
tightness in my stomach to achieve a positive result. This self-doubt
can be used to bring me closer to the Intimacy-Centric model in my
Thank you, and I thank the entire tribe for their
support. I look forward to the work that lies ahead.
Thank you for sharing your
Sometimes the Most Confusing Thing
is that it generally disappears
when you become willing to experience it.
Up, Up and Away
my strategy. I notice my continuing failure to find employment. I notice
an up trend in iPhone ownership. I learn Objective-C and develop an
application that replaces a $500 hardware device with an iPhone and $5
worth of components. I post a video of it on YouTube:
A number of
high-traffic blogs mention my video and it attracts over 40,000 views.
Over a dozen people sign up to beta-test my product. Each builds their
own copy of the hardware from my plans. I incorporate their feedback
into my design. One of them introduces me to a local company that
manufactures a complementary product. We meet and reach a preliminary
agreement for them to manufacture and distribute the hardware portion of
I run some back-of-the envelope calculations that show my end of this
deal may be worth between $500,000 and $1,200,000 over the next year or
two; more as we develop new products around the same concept. I freak
out at these sums. I show my calculations to a number of my associates
who find no obvious holes in them. I meet with a patent attorney. I am
considering incorporation. I am considering taking outside money to
bring this product to market faster. I worry about how my relationship
with an investor may work out.
Thank you for sharing your
As your business "takes off" you might consider taking your feelings
about your "flight path" to your Tribe.
In Flying and In Running a Business
you might do well
to check your instruments often
and also to practice your responses.
Dear Support Team!
My Big Wave - To move to Singapore, go live and raise $10M by December
1) Now living in Singapore - absolutely love it!!!
Puzzles in process of solving:
1) MAS trading approval - My age and experience make obtaining MAS
trading approval more difficult than I originally think. I am in the
process of solving this puzzle now.
I commit to sending monthly updates on the last day of each month.
Thank you for your support!
Thank you for sharing your
1) I incorporate the legal entity and set up with the brokerage I
intend to use for managing client accounts.
2) I start paper trading my system.
3) I receive commitment from two clients to invest. They both change
their mind when I follow up with them to begin the account opening
I feel disappointment and sadness about the clients changing their mind.
I intend to go live with one account in June.
In June I intend to:
1) Make 3 client / potential client calls a day, this includes:
a. reconnecting with the people I speak to during Oct-Dec about my
intention to launch a systematic trading business and inform them that I
am live; and
b. contacting ex-colleagues, share my current plans, ask for referrals,
support and work on increasing my visibility.
I measure my progress by a) making the 3 daily calls and b) closing
accounts with clients that are compatible with my offering and are
willing to develop a long term mutually beneficial and
As per my April email I commit to reporting every two weeks. I now
intend to report monthly.
Thank you for your support.
Thank you for sharing your
Austin Tribe Report - From Control to Intimacy
The first Tribe meeting was awesome. Thank you for your leadership and
sharing the technology that makes this progress possible.
When I arrive I feel anxious and excited all at once. I wonder what
exactly will this evening hold and will the experience match the
anticipation. I am not disappointed.
I realize that I may have problems trusting others and that this may be
a roadblock I have to overcome in reaching my goal. I also feel a
certain uneasiness about my goal. I wonder and fear that it may be a
waste of money if in fact the economy and society follows the path that
Ed described as essentially guaranteed. I wonder if I should decide on a
different project that match the economy better. I wonder if this is
just my mind giving me a “plausible” excuse to sabotage my own plan and
As one Tribe member goes through the process I learn about myself. I
have an aha while he works towards his own understanding. I realize that
my relationship with my wife is more control-centric then I think. I
realize that I try to control her level of frustration with our children
and her anger. Rather then receive her feelings I normally try to
explain why she shouldn’t feel that way. I realize this is my attempt to
control our relationship. I decide to simply receive her and commit to
do that on the spot.
I return home the next day and immediately apologize to her for
attempting to control our relationship and tell her that I am committed
to stopping the control-centric model and starting the intimacy-centric
model. I tell her I can’t do it on my own and that I need her. I tell
her I need her help and ask if she is willing to help.
She agrees. I feel happy and excited. I feel a little worried that I
will relapse into my control forms or will not have the proper resources
to execute. I wonder where this will take us and commit again to
operating in the intimacy-centric model.
Thank you for sharing your
Telling Someone to Stop Being Angry
makes them angrier.
Accepting Someone's Anger
goes a long way
toward calming them down.
27, 2010 2:18 PM
Over the last
few weeks, I call my home and speak to my father twice a week. We are
more at ease with each other now and enjoy the conversation. During one
of these calls, I apologize to my father for not being at good terms
with him in the past. I tell him that I have let go of the past. He says
that he is really happy that I could see things from his point of view.
In personal life and trading, I see a reduction in the intensity and
frequency of internal conflict, as I try the TTP principles consciously.
It is more than 3 weeks of practicing this now, but I fear that I will
relapse in to my old ways if I do not go over things and apply the TTP
principles consciously and in a deliberate manner. Knowing the
principles do not guarantee automatic behavioral change!
I feel like an alcoholic on therapy, who knows that he is just a few
drinks away from the old ways.
Thank you for sharing your
When You Support Your Father
to be exactly the way he is,
and the ways he isn't
he loses his power to control you.
Pardo and Garage Cleaning
I commit to read and study Pardo “Evaluation and Optimization of Trading
Strategies” in TTP workshop with goal of developing my own trend
following system with high expectancy of profitability.
Per Ed’s advice, I am careful to learn and define every term I use in my
system with precision.
To date, May 25, I complete 8 chapters. I learn and note many trading
and system terms. Pardo takes pains to define these terms with
references from Oxford Dictionary of the English Language.
My reading of Pardo feels painstaking. Providing my team members this
update compels me to review what amounts to one half of the Pardo book.
Pardo sets me up for what is to come later in the book with the
following warning, after enumerating various realms of super-quants [eg
Malenbroit’s discovery price patterns follow fractal geometric patterns
not standard Gaussian distribution embedded in Black-Sholes; genetic
algorithms; fuzzy logic; complexity theory].
It is clear to me why Ed pounced upon me and my fuzzy explanation of
“expectancy” now. Thank you for your honesty, Ed!
Pardo refers to The Unlevel Playing Field. Optimism in his 1990 first
edition DTOTS re playing field level between individual trader and
professional trader is updated to “It is now clear that this playing
field has perhaps never been as unequal as it is today.” [from preface,
DTOTS, 2nd Ed., 2008]
I speculate that the game is up before it gets started but keep reading
and learn from Pardo that anyone succeeding at trading does so because
he has found an edge. Though markets are more efficient than ever
“-traders the world over continue to make profits. Why? They have found
an edge. And, and this is a very big and, they stick to the rules of
their edge; they follow their well-tested trading strategy religiously.”
My study for next several weeks is review of stochastic learned in
college. I pay special attention to degrees of freedom (df) and
relationship to robustness. My reading borders on painful, and I relate
this pain to growth, and I persist. I am introduced to perhaps 100
terms, carefully defined. I commit to learning these terms through
disciplined application in set-up and testing procedures based upon
Pardo’s 8-Step “development and application of a trading strategy”
process on p 43.
TTP progress: I have no tribe. You [my support team] are my only outlet.
I have a deep sense of aloneness. This hurts. It makes me emotional.
There are daily dramas with my wife. I learn from [Name] and appreciate
his sharing of his experience. I hear from [Name 2] and remember his
friendly expression. I recall and wonder about [Name 3], and know he is
working on his system. [Name 4] comes to mind. My mind seems to reel in
recollection. My right shoulder is stiff. I let this happen. My neck is
stiff. I consider meditation, yet question it. I am still stopping,
halting. Starting and stopping is tiring and I wonder what my intension
is. I am surrounded by opportunity, encouraged in my business.
I regularly contemplate my rock, my silver TTP medallion, and my $100
trillion Zimbabwean Note. I feel myself being torn by EMH doctrine and
Pardo evidencing that traders working with great discipline and
precision and following their system religiously can and do succeed. I
realize EMH is not incompatible with Pardo, because few traders do what
Pardo is describing.
I learn about off the shelf software platforms, like TradeStation, its
strengths and limitations. I learn minimum test window sizing,
significance of slippage, the meaning of scripting, test period lengths,
importance of accuracy, simulation, preliminary testing, contracts and
underlying spot markets, trade frequency, and study examples of trading
strategies and market types.
Ed said if I learn what is in this Pardo book I will know a considerable
amount about trading systems and development processes. Ed does not
exaggerate. Thank you again Ed!
My sense of my TTP commitment [as currently specified] is it is only one
small piece of my overall broader system that includes my family, my
advisory practice, my personal endeavors, and there is TOO MUCH me, me,
me, I, I, I. The imbalance is at the source of my dramas.
I did not commit to reducing drama in my life, but I recall Ed saying we
can make new commitments, and evolve commitments, so I am modifying mine
now: I want to reduce the drama in my life at work and at home.
While I have immersed myself in the Pardo book, some of this is at the
expense of losing site of TTP. I thumb through my heavily highlighted
and note filled copy of Ed’s book and realize again why I attended the
Workshop “Sticking with Your System.” My system looks like my garage. It
is a mess. It is time to clean out and clean up the garage.
Thank you for your team support.
Thank you for sharing your
Daughter Opens Up
My oldest daughter graduates top honors from high school Saturday
afternoon. I am pleased and proud of her.
She carries a
lot of anger and resentment towards me regarding her mothers divorce
from me. I endure lots of sarcasm and disrespect from her usually when I
am in her company.
I have a close
relationship (I feel) with my younger daughter’s-ages 15/16.
My Fiancée and
I discuss my children often. The other evening (Friday evening) my
daughter chats with my Fiancée on Facebook and it is a prolonged
conversation. It comes out that she resents that we do not spend more
time together…talking, etc…
presents this news to me and talks a long time with me about my
daughters feelings and I share my feelings and she shares hers and she
has some great insights into the feelings that my daughter is
experiencing. She coaches me on some steps to take.
daughter and I planned to go to dinner / movie / bookstore after the
graduation. We talked a lot about the general happenings in her life and
mine. Later, after dinner, she opened up and began sharing with me what
she shared with my Fiancée and as she shared her feelings she began to
cry. I encouraged her to share more…and she did. After she shared
everything with me…it was like a burden had lifted from her and it was
and agreed to work on moving closer to one another. My Fiancée
encourages her to share all of her feelings directly with me. Next step
is to continue to lay a foundation of intimacy with my youngest daughter
and also move towards my oldest daughter and encourage her to share her
Thank you for sharing your
The openness of your fiancée and your daughter are indications you are
becoming more open to receiving them.
The Baby System
Hmmm... I wonder where the
part is about receiving love, support and encouragement from his
I am reading Carl Sagan's Dragons of Eden.
In Chapter 6 he explains that falling is the most common category of
dream, and makes a statement which I find very interesting, especially
in light of recent market volatility:
"The fear of falling seems clearly connected with our arboreal origins
and is a fear we apparently share with other primates. If you live in a
tree, the easiest way to die is simply to forget the danger of falling"
Thank you for sharing your
Falling For Someone
can bring up a lot of fear.
Wants to maintain Confidentiality
Dear Mr. Seykota,
I read your interview in Market Wizards. Some of your comments were so
stimulating that they immediately set off a chain reaction that made me
dig-up a lot of fundamental questions about my work-or, to put it more
accurately, my life's calling.
Your website mentions that you offer telephone consultations provided
you are given a brief overview of the subject in question beforehand.
Am I correct to assume that any such email would be treated with
confidentiality and not posted on your FAQ pages?
Thank you in advance.
I answer questions on FAQ for
free. Private consultations do not post on FAQ without permission
from the client.
In Private Consulting as in a Brothel
what you really pay for
Moving Toward a System
I am a graphic designer but I traded spot currencies (or so they call
it) and lost money, then I traded options (I am sure you know why) and I
Then I switch to commodities and I lost too! I don't meant to talk about
me but he is the only person I know most because of close proximity.
One day I came on a NYMEX presentation from a trader called [Name]
who claimed to own the largest clearing firm there, his talk about
systematic trading made a lot of sense, for he didn't have his own
opinion, but he had the opinion of a system of some sort, it felt like
religion (later on I understood religions as time tested systems that
are, sorry to say outdated, but the logic is still correct).
I bought the book but I stumbled upon Michael Covel's Trend Following
system which he sells online, but I never had $2000 or so to buy it, so
I downloaded stocks historical data from Yahoo for free and analyze it
with Excel, this analysis was by adding open/close deference of deferent
ranges of days then dividing on the absolute amount of the same days,
you can say I was dividing Distribution / Magnitude to see if a move was
a trend or sideways, very simple.
But... I came to my first AHA like you say in your blog, I noticed
something very common or even permanent between all stocks: every 100
days all stocks never move more than 10% to 15% on average, as the
After a year of manually on Excel measuring all ranges until 300 days, I
found that these limits are somehow called 'Central Limit Theorem', then
I found out that what is happening was called 'Law of Large Numbers',
and since this has reshaped my view of religion and god, it was the
first time I encounter probabilities, this still amazing every time I
think of it.
Then one day soon to this, my cousin worked for a market maker, or in
Dubai terms, a broker that lets customers open accounts and trade, but
this broker had something special, customers traded against a virtual
company account, and almost all traders lost their money to this broker,
I never cared for that fact but it was the law of large numbers in play
and I felt it, I then heard of losers average losers and my cousin the
guy whom works at the broker firm confirmed that it is the way all those
people lost their money at the end, no matter what account size they
I never traded after that, but I kept of doing my Excel stock price
research, I read Market Wizards I and II then I read Fooled by
A programmer was hired and we went through historical data, no curve
fitting is allowed like they say, I learned more about a field called
nonlinear dynamics because observations of price movement had confirmed
that the price progress like the square root, if it ever does, with
margin of error at every n range.
I this now that, we don't have a choice of which moving average to use
if we wanted to define a trend and participate in it, also the loss at
each point is the bottom boundary of the confidence interval.
Therefore at any number of days, we can buy/sell if the price was
higher/lower and within the confidence interval, the stop-loss point
would be the bottom of the confidence interval of the 'n' of days it
News, Bloomberg or what ever analysis out there is useless in risk
management of losses, and useless in entry, but it is very important in
choosing which markets we trade.
I am not sure of all of this, but some seem right and I wanted to share
this with you.
Thank you Ed because I visited your blog along time ago and you seem to
know a little more than others, everyone gets what they wish for at the
end, I hope I can wish as a group instead of my own needs.
By the way, Nassim Taleb idea of probabilities seem to be true,
sometimes people discount parts the probability generator because it
doesn't suit them, I fall in that trap all the time.
Thank you for sharing your
You might consider that your trading system includes both your math and
also your personal psychology.
Dealing with Whys Guys
I notice an
increase in the amount of Whys Guy posts recently. Awhile back, I pose a
question about my son continually asking "why." You suggest that I
respond with nothing more than "why not."
notice that both of my kids when asking me a question that starts with
the word why, stop themselves and then say "why not." I find it quite
humorous, as do they. My kids then proceed to find my wife and ask her
why questions. She responds as she sees fit.
I hope this update is helpful to FAQ readers.
Also, I get a clearer understanding of roadblocks that might stand in
the way of moving from control to intimacy. The May 3, 2010 post helps
me to realize that part of following that path is embracing the change
of new relationships while experiencing the loss some existing ones. As
I think about this, I say to myself "that is the flow."
Thank you for sharing your
Another Cover Indicator
cover for Brazil was the last two weeks of Nov 09, exactly the high for
the rally that started in Mar 09.
Thank you for the cover.
Start a Tribe
Please help me understand how I might be considered, for forming a Tribe
in my area.
See the Tribe Directory link,
California and Texas
would enjoy the difference between California and Texas:
Governor of California is jogging with his dog along a nature trail. A
coyote jumps out and attacks dog.
#1. Governor starts to intervene, reflects upon the movie "Bambi" and
then realizes he should stop; the coyote is only doing what is natural.
#2. He calls animal control. Animal control captures coyote and spends
$200 testing it for diseases and $500 upon relocating it.
#3. He calls veterinarian. Vet collects dead dog and spends $200 testing
it for diseases.
#4. Governor goes to hospital and spends $3,500 getting checked for
diseases from the coyote and on getting bite wound bandaged.
#5. Running trail gets shut down for 6 months while wildlife services
conduct a $100,000 survey to make sure the area is clear of dangerous
#6. Governor spends $50,000 of state funds implementing a "coyote
awareness" program for residents of the area.
#7. State legislature spends $2 million investigating how to better
handle rabies and how to possibly eradicate the disease.
#8. Governor's security agent is fired for not stopping the attack and
for letting the Governor intervene.
#9. $75,000 to train new security agent.
#10. PETA protests the coyote relocation and files suit against the
#1. Governor shoots coyote and keeps jogging. Governor has spent $0.50
on a .45 ACP hollow point cartridge. Buzzards eat dead coyote.
Any wonder why California is broke????
Nice theory. Here is some
actual data for you:
April 29, 2009, Lubbock, Texas -- PETA has filed a
complaint with Texas Tech University Health Sciences Center urging it to
stop using live cats for training procedures and calling on the school
to replace the animals with superior medical simulation tools.
Life is Wonderful
Long time again since I wrote FAQ, but I keep reading it. I can hardly
keep up the pace to read so you are doing a good job receiving all
questions with answers.
I wanna say that life is a wonderful thing! I have begun to count all
the good things I do and all funny things that is happening in my life.
Earlier I used to pay a little "fee" to my child when I judged my
behavior as bad. He received fund holdings for my fees and I thought it
was a good way to remove bad habits. Now I am changing this view since
it makes me focus too much on things I don't want to happen. Instead I
now congratulate myself for all good things that happens and give myself
benefits for doing a good job. Actually I think this has helped me to
become more positive. If you think about it, you are doing a whole lot
of good things all the time. I like the change, and today I am very
happy! It feels like almost everything is going my way and there are so
many resources to use when it doesn't. Some of my resources are to feel
the feeling, appreciate the feeling, focused breathing, picture
recalling (train my mind to remember a detailed picture of what I saw
the moment before), tell my feelings, say what I think and accept being
rude sometimes, brainstorm, view a situation of how I want it to
progress and so on...
The last thing has been important lately. I use visualization to
mentally tune in on what I want to achieve. For example, I see myself
washing my teeth and go to bed if I'm tired instead of sitting down and
watch television. For me it feels like half the effort is to mentally
prepare for something and half to really do it. It helps to visualize
it. I once heard an expression that Arnold Swarzenegger might have said
"I visualize my goal and keep on going until I get it!". I really like
that expression! I also fits him.
When it comes to trading I like the expression "don't storm the fortress
of fortune, lay siege to it" as Mr. Dickson G Watts put it. It goes
slowly but I guess I learn piece by piece. I have accepted that I might
not be a fund manager because I feel I could just manage my own money
instead with all the freedom it means, even though I might not get that
rich. However, I have not given up - it just takes time.
I have lately read a bit about how the market affects the economy rather
than the other way around. I thought about you when I read it and it
gave me more understanding of what I already thought was true. "Tests"
have showed that you can't predict the stock market by looking at
economical indicators, the connection is actually slightly negative
(when economical indicators go up, the stock market falls slightly since
it has already gone up). But if you want to forecast the economy from
what the stock market has done, the connection is there. When the stock
market has moved up, the economics will follow and vice versa.
That's all for now. Have a nice summer!
Thank you for sharing your
I read the code on a May 12, 2010 post titled "Apocryphal
Code". It looks familiar because I am the author. It is extracted
from the report I submitted to you for the TSP project. It is available
from the URL on the TT website.
Mystery solved :-) Though I still don't know what's "astounding returns"
that the contributor is talking about.
Has an Idea
I have been looking
website and I absolutely love the content! You really give a down to
earth approach to your topics and I appreciate that.
I have a idea on how we could collaborate and improve both of our sites.
I look forward
to hearing from you and thank you for your time. :)
Congratulations on having an
You might consider taking your feelings about <sharing your ideas> to
Gold: a Commodity or a Currency
When is a
commodity not a commodity. An interesting article that I would
like to share.
Pretty good stuff!
Thank you for the provocative
Consult by Phone
Our questions reflect our group so they are both beginners and advanced
traders, but I will be the only one on the call. But I would like to
record the call to share with them after, I will never sell the
recording, only share it with my group. Is that ok?
We love your book, besides it what other trading books to you recommend
After a losing streak what is the best way to keep your head in the
game, assuming you already believe in your system?
After a winning streak what is the best way to keep your head in the
What type of personality does it take to be successful at trading others
What tips do you have or those who aspire to trade others money?
We could write more, but was not sure how many you wanted or could fit
in one hour.
1. Per books: I recommend you
do your own back-testing.
2. If your head goes out of the game (I suppose you mean emotional
overwhelm) you might consider re-designing your system to deliver less
volatility. (See #1 above)
3. Personality: persistence, consistency and patience might be high on
4. Here's a tip for you: avoid trading on tips.
Three Guitars and a Tractor
would enjoy this:
Three guitars and a tractor.
Thank you for the clip.
100 Million in Perspective
A college student "explains our Federal Budget" and the portion that
must be borrowed, in simple terms for everyone, plus his visual aid
example easily demonstrates the $100 million cut that the President
promised as savings.
Thanks for the math lesson.
Wednesday, May 19, 2010
Penny for Thoughts
felt like surfing your Sites today.
Happy Easter, greetings
I read this:
Monday, February 22, 2010
Do you plan to schedule any workshop this year?
Are you going to make any workshop in Frankfurt / Germany?
Yes, I am planning a workshop for April 15 in
I have no plan at this point to deliver a Workshop in Frankfurt -
although I have happy memories of that city.
Me too, a
penny for your thoughts...
OK, that's a deal. My
thoughts are about receiving a nice new penny.
Pre-1982 Copper Penny
(contains about 2 cents worth of copper)
Post-1982 Zinc Penny
(contains about 1/2 cent worth of zinc)
Made in USA
Dear friends - This one is worth reading /but, actually not so funny;
Why are Americans Jobless ??
started the day early, having set his alarm clock (MADE IN JAPAN) for 6.
While his coffee pot (MADE IN CHINA ) was perking, he shaved with his
electric razor (MADE IN THE PHILIPPINES ). He put on a new dress shirt
(MADE IN SRI LANKA) a pair of designer jeans (MADE IN HONG KONG) and
some tennis shoes (MADE IN VIETNAM ) then made plans, to look for a
good-paying AMERICAN JOB.
After finishing his breakfast, cooked in an electric skillet (MADE IN
INDIA ) he sat down in his favorite easy chair (MADE IN ITALY) with his
calculator (MADE IN MEXICO) to check how much Gas money he had. After
setting his copy watch (MADE IN TAIWAN) by the time on the radio (MADE
IN SPAIN ) he got in his car (MADE IN GERMANY ) filled it with Gasoline
(MADE IN VENEZUELA) and went out to search for an AMERICAN JOB...
At the end of yet another discouraging and fruitless day, he returned
home and started checking for jobs on his computer (MADE IN MALAYSIA).
After a couple of hours, John decided to relax for a while. He put on
some sandals (MADE IN BRAZIL) poured himself a glass of Chablis wine
(MADE IN FRANCE) and turned on the TV (MADE IN KOREA) and then, just sat
and pondered why he could not find a good-paying, AMERICAN JOB ?
He thought about it for quite some time - And now he is hoping, that his
President (MADE IN KENYA) will help him to find a good AMERICAN JOB very
soon, just as he has promised !!
John might consider looking
in his wallet for the one thing we make plenty of, right here in the
good old USA.
Made in USA
I am enjoying reading the FAQs and exploring my new brokers many
I am on second readings of Colby and Dow theory.
My account is up a tiny bit.( 1%)
My paper account is doing better, and is a great educational tool.
Yoga/Gym 6 days
FAQs 5 days
Thank you for sharing your
Dear Chief Ed,
FOR THOSE WHO LOVE THE ENGLISH LANGUAGE INCONSISTENCIES! ! !
1. The roundest knight at King Arthur's round table was -- -- Sir
Cumference. He acquired his size from too much pi.
2. I thought I saw an eye doctor on an Alaskan island -- -- but it
turned out to be an optical Aleutian .
3. She was only a whisky maker -- -- but he loved her still.
4. A rubber
band pistol was confiscated from algebra class -- -- because it was a
weapon of math disruption.
5. The butcher backed into the meat grinder -- -- and got a little
behind in his work.
6. No matter how much you push the envelope, -- -- it'll still be
7. A dog gave birth to puppies near the road -- -- and was cited for
8. A grenade thrown into a kitchen in France -- -- would result in
9. Two silk worms had a race -- -- they ended up in a tie.
10. Time flies like an arrow -- -- fruit flies like a banana.
11. A hole has been found in the nudist camp wall -- -- the police are
looking into it.
12. Atheism --- is a non-prophet organization.
13. Two hats were hanging on a hat rack in the hallway -- -- One hat
said to the other, 'You stay here, I'll go on a head.'
14. I wondered why the baseball bat kept getting bigger -- -- then, it
15. A sign on the lawn at a drug rehab centre said -- -- ‘Keep off the
16. A small boy swallowed some coins and was taken to a hospital -- --
his grandmother telephoned to ask how he was, a nurse said, 'No change
17. A chicken crossing the road -- -- is poultry in motion.
18. The short fortune-teller who escaped from prison -- -- was a small
medium at large.
19. The man who survived mustard gas and pepper spray -- -- is now a
20. A backward poet -- -- writes inverse.
21. In democracy, it's your vote that counts. -- -- in feudalism, it's
your count that votes.
22. When cannibals ate a missionary -- -- they got a taste of religion.
23. Don't join dangerous cults -- -- practice safe sects!
Thank you for the pun-ishment!
I enjoyed reading this article and thought you would as well about the
birth of RAM. Jay Forrester, professor at MIT is credited.
Thank you for the (core)
As I recall, while the MIT lawyers negotiate with IBM over royalties,
the price falls from 5 cents per core to about 1/32 cent per core.
Sometimes it pays to hit the bid and take what you can get.
Causal Model in Action
On Monday May 17, a well known metropolitan news paper had the perfect
example of the Causal Model and how it is used to expand government.
submitting this to you as an addendum to my one page comparison of the
Causal Model vs the System Model.
Clip: San Francisco Chronicle
Thank you for the clip.
I wonder if you can send an attribution so I can post it beneath the
Hello Mr. Ed
Greetings! I'm sure all's well with you at new location in Texas.
I thought you might like the attached picture of Dart Board from Fed's
Hmmm... I wonder how they get
the darts to stick in parallel to the face of the board.
Wants a Consultant
I've been a visitor to your website for many years.
For the last 10 years my day job has been an equity co-portfolio manager
for a large equity mutual fund. My spare time and true passion has been
learning trend following/pattern recognition and trying to apply it to
different commodity markets. After ten years of fundamental analysis, I
can honestly say that I believe in your style of investing more than
ever. I've had countless "Aha" moments through the years. I've dreamed
of a day when I could leave my crazy day job and invest in a way that
makes so much more sense to me.
The company that I worked for was recently acquired, and my team was one
of the first cost saves new management identified. I believe that things
happen for a reason and that this is the push I needed. For years I've
been back testing some simple strategies, but never had the freedom to
apply them because of trading restrictions that applied to investment
personnel. With no restrictions to stop me, I've put some of my
strategies into action over the last few months. I've had some nice
success but not without some problems along on the way. My determination
is very strong and I don't want to go at this half way. I want to
educate myself as much as possible.
I was wandering if you ever do any coaching / consulting? If so, I would
welcome any opportunity to meet or talk via phone or email. I have some
questions about money management, time management, backtesting and how
often I'm trading. I'm hopeful that my growth in the area of trend
following could inspire others to think about investing differently.
family and old colleagues are extremely skeptical of any mechanical
trading systems that can consistently beat the market. I'd like to show
them why they're wrong.
Thanks for your time.
Hope to hear from you.
See the link at the bottom of
the Ground Rules page for consulting terms.
Uncertainty and Intimacy
Dear Support Team,
I am providing the first of my monthly status reports on my commitment
to identify a woman that I am willing to marry.
I am hesitant to make this commitment at the Workshop. I feel like it is a
very ambitious goal and fear that I cannot make this commitment. My
attitude and feeling about this commitment changes significantly over
the past month. I notice that my unwillingness to feel <uncertainty> is
between me and achieving my goal of having a family.
I start trying to embrace the uncertainty and to experience this
feeling. Whenever <uncertainty> comes up throughout the course of the
day, I welcome it and use that as a chance to practice feeling
uncertain. I am not sure exactly when this changes, but I am now OK with
the feeling of uncertainty. It does not bother me and I no longer see
this as something I am concerned about. Uncertainty is inevitable and
just a part of life.
An hour before my first regular tribe meeting following the workshop, I
have a drama with my girlfriend. I feel something in my chest and my
cheeks are very hot. I take the hot seat and work through some forms. I
work through a role play of a previous drama I have with her. My tribe
and I come up with new resources for me to use.
A few days later, I have another drama with my girlfriend. I feel
confused about why this is happening, especially after just working
through this at tribe! We are not happy with each other for a few days.
Then, we share our feelings about each other and discuss these dramas
that seem to keep happening. I think we gain a better awareness about
our relationship from this. In the last two weeks we do not have any
recurrence of a drama.
Overall, I am very satisfied with our relationship. We are open with
sharing and receiving feelings and support each other. Only knowing each
other for 4 months, we both report being surprised at how close we feel.
Thanks for your support
Thank you for sharing your
I wonder if your girlfriend is aware of your commitment to identify a
woman to marry.
Sometimes it Pays
to let her know your intentions.
Back to the Future