from Ed in Red)
Sat, 20 Dec 2003
US-Canada Borderline Follow-up
Hi Ed !
News on TV:
at the Vancouver Airport
Looks like just the wrong time to be there for me and many other good
BYOD - looking for it ... still haven't found it ... except wrong time at
the wrong place and many insights as a result.
PG Tribe Process went great yesterday, I was a sender and a receiver
learning a lot on both sides ... got lots of encouragement and provided
myself with lots of good advice.
might check for traces of BYOD (Bring Your Own Drama) in the way you behave
at the moment you encounter resistance.
might get irritated, argue with the immigration agent, act out anger in
you might acknowledge his positive intention, take a moment to receive his
feelings (likely he is going through his own drama) and assist him in
calming down, perhaps even to the point he awards you a flight pass.
real intentions not only effect your internal experience, they effect
everyone else, too, and the ripples soon splash back on your own shore.
someone has a stomach ache,
can get it directly
receiving it and disappearing it)
indirectly (by falling into their drama).
Sat, 20 Dec 2003
Kinds of People
"There are two kinds of people: ones who divide things into two types,
ones who don't." - Ed, 12/19/03
I thought there were 10 kinds of people: ones who understand binary, and
Merry Christmas !
How many mathematicians does it take to change a light bulb ?
Ten - One to do it and eight to watch.
Fri, 19 Dec 2003
I read this post and would like to share more. Although this is also DIM,
perhaps we might get half a DIM if we sum up both.
The fellow's drama rather mirrors mine, although my issue has something to
do about disliking and avoiding rejection and lack of recognition.
I also give off a
vibe of being mad at women. Actually, in the past few years, I have
been really mad at some girls who "messed up" with me.
I even got to the
point of wanting to feel feared by some of them. Strong judgments,
prejudices and drama fueling more drama were the results I could get.
The judgment that there was something wrong with me has also occurred to me.
I felt somehow trapped as I could not find a way to break free from the
cycle of drama and it seemed that I was somehow doomed to failure in my
And, now, switching to SVO-p, all I can tell you is that I am starting to
practice TTP with my family. I am also receiving people in the process of
life itself. And if the trend develops, I might even set up a tribe nearby,
like the Austin fellow did. I am finding great joy in the experience.
might try substituting the word "markets" for the word
"women" - and see if it rings a bell.
you receive others, others receive you, you receive yourself, and the
drama factor decreases.
Fred and CM Communicate,
drama tends to disappear.
link to TTP, above.
Fri, 19 Dec 2003
Incline Village Tribe Membership
As you remember, we visited on a few occasions as I was Chair and President
I am currently, President Emeritus and on the [XXX] Board, on the Board of
the [YYY] association and chair a PR communications committee as well as
being on their long range planning committee.
I would like to join your Tribe with those commitments required.
If you require more, I will email over the Bio from the [XXX] newsletter.
Looking forward to hearing from you.
Incline Village Trading Tribe:
essay describing your understanding of TTP.
your phone number and times available for telephone interview.
participation, including consistent attendance, is essential.
Incline Village Trading Tribe
every two weeks.
Fri, 19 Dec 2003
A suggestion to the Risk Management paper. "Risk is the PRE-DEFINED
possibility of loss". Understanding the difference between uncertainty
and risk may cause an AHA.
Merry Christmas from Finland
you could re-write your suggestion in SVO-p; you might clarify:
1. Exactly whom
you recommend to do the defining.
2. Exactly when
you recommend doing the defining (pre-what?)
in the TTP sense, rarely result from transference of understanding from one
person to another; AHA's typically arise from internal communication between
Fred and CM.
of understanding can easily become an element of drama.
might like to take a look at your comfort level about expressing feelings as
well as ideas.
Wheel of Definition
Definition is also Pre-Definition
Fri, 19 Dec 2003
Can't Get Across US-Canada
Hi Ed !
intentions = results ?
My intention was to share myself with the tribe and I was stopped at the
US-Canada border, at Vancouver.
officials do not accept my going to see my mentor as a valid reason for
I have never been
in any conflict with the law in my life in any country in the world and have
traveled freely anywhere I wanted to until yesterday. Did terrorists succeed
freaking US people out ?
I'm thinking about
finding a good lawyer and suing for damage done, will talk to my lawyer
today about it
One thing that came clear yesterday (I thought that I've been mentored
to learn how to help myself and others through TTP).
You said, few
people get together to discus markets and how it works, no mentorship, thank
you for clearing it up
feeling disturbed about it and empowered at the same time for I know who I
am and am clear on my intentions
intention = be a great husband
I have been
married for 18 years, not without ups and downs but with lots of love and
support from my wife.
intention = be a great father
have two boys 14 and 15 years old , they say I'm the best father in the
world. One son was talking today about going snowboarding in two weeks which
is about five weeks before the doctor said he'll be able to do it, [I
encouraged him to experience his pain] TTP works.
intention = help others
been coaching soccer been teaching at the local college for over six years
as a volunteer been on the board of directors of CFDC (Community Futures
Development Corporation) for more than five years and too many other things
to mention here.
intention = financial freedom
been owner of [Name] franchisee rights for northern B.C. until sold; own a
hotel which produces passive income for modest retirement now.
intention = be one of the best traders in the world
on my way there
one day at a time in this ever evolving moment of now one of the customers accounts
up last year over 3% ( when most people lost $ ) and 62.8 % so far for this
My calendar today says : Good intentions are no substitute for action ;
failure usually follows the path of least persistence.
Love is life ... and if you miss love, you miss life
Thank you for teaching me so much. I'm going to have my tribe meeting
tonight (with my family) where we'll teach\mentor and learn from each other.
The best to you and yours,
family is the essential tribe.
appears you also have an intention to create drama at the borderline and
then have many insights.
mentor is a wise and trustworthy counselor, typically advising on your
members rarely advise each other; they generally provide encouragement ...
to experience your feelings, connect Fred and CM and provide your own
- US Borderline
Your Own Drama)
Fri, 19 Dec 2003
Future Dec 18, 03
thanks for your comment on The Future. I am trying to understand it
now and come to some conclusions. But in the mean time, could you write few
sentences to explain the SVO-p technique?
grammar starts with the S-ubject, follows with the V-erb (in -present tense)
and ends with the Object.
I drive the car.
I drove the car; I will drive the car; I have driven the car.
The car was driven. (hides the subject, avoids taking responsibility for
Trespassing is forbidden. (hides the subject, avoids taking responsibility
for implementing the rule)
Sign Breaks the Rules
not permitted beyond this point. Any spectator entering the prohibited
area will be regarded as a trespasser.
Thus, the penalty
for breaking some secret guy's rules is that some other secret guy (maybe
even the same secret guy) intends to regard you as a trespasser, in the
Fri, 19 Dec 2003
Whys and Wise.
Here is an idea I have:
The whys trader thinks "price moves, there must be a reason, until I
know the reason I refuse to buy/sell". If I know as much as the person
moving the price, then I can participate and (vicariously) feel powerful and
influential. I want to be one of the leaders and not feel inferior following
an unknown. I want to be wise.
The wise trader knows "price moves, someone is moving it, let me move
with it and make what money I can". I do not know who moves the price,
but it is not important for trading. I do not want to ask whys.
I can get a prize either for
1. Knowing the
whys of price moves or for
2. Wise trading to
but I cannot do
both at the same time. Nor should I confuse either one with the other.
Indeed they each require me to think in opposite directions, and if I do
one, it is not a guarantee I do the other well!
This appears to be one more example of duality : each is incomplete
without the other but neither implies anything about the other.
are two kinds of people: ones who divide things into two types, and ones who
Things are Black and White
shades of gray
to black and white.
Fri, 19 Dec 2003
Dear Mr. Seykota,
You're cool! (first rate). Thank you for your interest in helping other
My problem is that I feel stressed when I study the commodity markets. I can
feel the tension in my head, chest, and tightening in my breathing. I also
get these feelings when I click and refresh to watch live quotes and my
constantly changing equity.
I'm only 25 yrs old, yet have had periods of occasional chest pain, which
I attribute to stress.
Do you feel
that the TTP can help with decreasing my stress response?
Do you ever feel stressed about your trading, Mr. Seykota?
Incidentally, about your history. You mentored Michael Marcus, who in turn
mentored Bruce Kovner, who's on the Forbes 400 !
might like to consult with a medical professional about chest pain.
does not recommend TTP for people with pre-existing medical conditions,
particularly ones in which stress, strain and emotional intensity may
aggravate the situation.
Essential to Healthy Trading
to Health in General.
18 Dec 2003
Do You Think #2
Browsing thru the www.turtletrader.com
site I came across this info: "Trading correctly
is 90% money and portfolio management, a fact that most people want to avoid
or don't understand." I also came to the conclusion that the entry
point is only about 30% of the remaining 10% of trading.
What do you think?
think you like to come across things on the net and then ask me what I think
might check your feelings about making decisions, on your own, without first
consulting an authority figure.
is a classroom forum in which traders can ask questions, become examples,
and support each other. FAQ does not
offer instrument-specific trading advice, or recommend specific trading
system parameters, See Ground Rules.
18 Dec 2003
What Do You Think?
Recently I came across a statement on the web:
"[XYZ] expects mature markets to behave in a more choppy fashion.
Today's major currency markets (EUR, JPY, CHF, STG) are mature and too
random for conventional trend-following methods.
'baby' markets of the Pacific Rim currencies, on the other hand, behave
today's like mature currency markets did as "babies" of the early
Do you agree with this? I mean, I know you "should go fishing where the
fish is", but do you think trend following is not for
All the best ...
to predict which markets have better trends, by bifurcating them into Baby
and Mature, may be an attempt to apply "fundamentals" to trend
can also bifurcate markets, by beginning letter, into A-M & N-Z.
You might even like to make a special group for Co-type Co-moddities:
Cocoa, Coccoons, Coffee, Coke, Copper, Corn and Cows.
bifurcation (consistent with Trend Trading) is: markets that are trending
(by your definition of trend) and markets that are not trending.
Go Better with Coke
18 Dec 2003
I am extremely discouraged in my attempts to learn how to trade. I have
studied many methods, most of them trend following in nature.
don't trade anything until it shows me profitability in my back testing, but
there is nothing that is showing positive results.
have been trying and testing things for a year now non-stop and nothing is
looking good. I am sure following and dissolving feelings is something
important, such as my feelings of being discouraged, but no amount of
releasing is gonna make up for the fact that I can't find anything that
of the questions and talk here seem to address "sticking" with a
system and the feelings that surface. But none seem to address system
itself, which I understand. I have read books that tell you the system
itself is not important and the feelings are more important.
I gone berserk here? If I don't have something that works, then the plan is
doomed from the start. I think I need to experience my feelings in relation
to system development rather than to trading.
got no problems with trends. I am a big fan of following them up and down.
Sure, no one knows where they go so we just follow them. The only problem is
that it doesn't work in my testing. So what's the deal? What am I missing
drama seems to involve not being able to find something that works.
may have feelings about your drama that you do not like.
in order to get CM to experience these feelings, may be purposefully
entraining your drama.
the extent you can connect Fred and CM, and experience these feelings, you
may be able to transform your feelings from enemies to allies, and
proceed with less drama.
is not about making up for the drama, it is about disappearing it.
you Fully Experience
feelings about your drama
feelings tend to transform
the drama tends to disappear.
19 Dec 2003
Hello from Singapore - part 2
Thank you for your comments. In reviewing my trading history, there were
several episodes of near "blowouts." As a young trader on the CBOT
floor, I can still recall making highly emotional and rash trades. The basis
behind these trades were:
1/ A strong opinion on market direction.
2/ No sense of money management...no mental or actual stop loss points.
3/ A feeling of "going for broke."
In a nutshell, I wanted to be vindicated as opposed to making money.
Having re-started my floor trading career in Singapore, I have turned over a
new leaf so to speak. I am extremely disciplined about taking losses ... in
fact I am one of the most disciplined traders on the floor. It is the flip
side of letting profits run that seems to be the problem. I am too
impatient to let the winners mature properly.
I read the original Market Wizards when it was first published in 1989 and
it was the Rich Dennis chapter that inspired me as a 21 year old to move to
Chicago. Having been in the business for over 10 years, I consider my
winnings to be paltry, almost embarrassing (based on the opportunities I
have had.) With the aid of hindsight, a lack of consistency, resolve and
discipline can be attributed to my meager track record.
To sum up: I want to improve myself as a trader and understand that the
"you" aspect, the organic part of trading is so terribly
may also mean facing up to some unpleasant truths about myself. As my
Buddhist teacher would say, "no one likes to be told of their short
P.S. Why did you make the suggestion in the first place?
does not tell people about their short comings (or long comings, either).
intends to encourage people to connect Fred with CM, experience
feelings, and replace drama with right livelihood.
does not make up reasons for things or answer "why"
questions. See Ground Rules.
might consider taking your feelings of impatience into the process.
people are willing to wait and
people are willing to travel,
18 Dec 2003
Re: Dream Terror 2 Tue, 9
means Do It Myself; the results you are getting are consistent with the DIM
Yup, they sure are. Community effort always outperforms what the individual
alone can accomplish. As Dickson G. Watts says, “The self made man is
proud of a very poor job”. One person does not constitute a tribe. My
posts are not intended to take away from what FAQ intends, TTP, and the
importance of the tribe. My apologies if they do.
I do intend and will continue to be aware of what I feel at all times. It
has made a profound difference in my life over the last few months. My
practice of staying in the now, paying attention to what I’m feeling
inside, and being aware of my thoughts and emotions as they arise without
judgment has given me a sense of peace. I feel at ease and things that
before were bothersome to me, now seem less formidable and not really that
important. I intend to accept what is … right now. My life is much better
now that I practice not struggling with what is.
My friends notice and comment on the change they perceive in me and my
relationships with these people have improved greatly. Money is not so
important anymore. Nor is “success” in the sense most people perceive it
to be. Something infinitely more important and real lays waiting behind the
veil of thought and illusion my mind projects when I choose to be fully here
But that is just the way I see it. For me, to live is to love and life is
PS: Re: Teachers Fri, 12 Dec 2003 … I think the
contributor quotes Eckhart Tolle.
DIM (Do It Myself) process seems to guide many people.
(Trading Tribe Process) works in an intentional community or Tribe.
difference: when you are on the hot seat, your tribe members can encourage
you and keep you on task, experiencing feelings you might not be able to
transact on your own.
your support team
help you go the extra mile.
18 Dec 2003
gets what they want out of the market.
(I assume out of life as well)
TTP is an inner evolution process. It promotes the
flow of feelings, the contact of CM with Fred.
But it's all in your head.
intention = results
I want to be a great trader and be able to make a living out of that.
Could You give your opinion on this:
Is it a true statement, that everyone who will be "in tune"
in the CM-Fred relation, gets to the "zero point", and wants to be
a good trader, will eventually become a good trader?
My doubts here:
- zero point - it's a state of mind
- to be able to trade successfully you have to have a lot of knowledge;
conduct a lot of research, back testing etc.
- you have to present a certain level of intelligence and deduction skills
Different people have different predispositions; some learn faster, some
slower, one will trade better than the other. But what if both of them have
the same intention? They want to make a living by trading the markets and
have the same living standard. Will they get to the same place? Are
all individuals able to possess the needed knowledge?
When I think of trading for living, I have the feeling that I don't know
enough to trade successfully. When I think of the future I feel an
overwhelming uncertainty, fear etc.
I will graduate from a University soon, so I have to make some
choices, and the time is not in my favor ... I would like to trade
successfully, but I feel I won't be able to make a living of that, so I need
to look for a job first. But I know I want to trade, so why bother doing
something I don't want to do (job) and be unhappy? And the jobs aren't that
easy to find as well. I know I won't change myself instantly, but I want to
work on myself. I feel a bit lost, and I have an emotional roller coaster
and a day-to-day basis when I think about the future. One day I feel
depressed, the other optimistic. I am losing my integrity. Is my attitude
wrong? Where should I start? I don't have a lot of time for mistakes and
I don't know if this all I am writing here, makes sense to you. If you
understand me - what and how do you feel about this? I would really
appreciate your comment.
Thanx and all the best
seem to have emotional connections to the (non-existing) future.
might notice you tend to use the future tense in your send, even ask
questions about the (non-existing) future.
might try re-rewriting your send in SVO-p. (Subject, Verb, Object - present
Our Visions of the "Future"
18 Dec 2003
Hi. Ed, I recently read the interview you gave in Market Wizards. You
mention that the stock market is not only different than every other market,
it is also different from itself.
you mean that trend following systems do not work as well (or at all) for
the stock market?
thing that seems to stay the same: prices keep changing and markets keep
changing, ever continuing to be different, now.
if you make money on a trade, the trade has a trend. Riding a trend is
sufficient and necessary for profit.
18 Dec 2003
P | !P = TRUE
Hope I am not boring you, but as I am typing this stuff anyway, may as well
send it to you / FAQ, may or may not help but can't hurt.
So I write to you earlier describing what happened in the early morning.
Then, in the night, I read more of the FAQ and I reach 31 May with that TTP
transcript with H and R, who appear to be English blokes : "And I've
had some VERY funny recurring "flashback" type experiences to when
I was a kid / adolescent over the last few days ... but they seem totally
unrelated to anything mentioned here or before ... What are they?"
Seems to be like what I describe below as #5 happening to me last night.
What are they indeed? I do see however that they are incidents that are some
kind of source of my feelings. Interesting. And yes I can totally associate
with his procrastination, in fact at the moment I am up late at night
reading FAQ rather than sleeping or working on my thesis, but "Fred
exorcises CM of past ghosts" is too fascinating to ignore. Ah, now
there is another problem: this stock is too good to ignore.
Tomorrow I read June 2003. Let us wait and watch for what that brings.
Also maybe I can sleep better tonight. Or worse. Maybe there are monsters
under the bed.
might consider taking your thoughts and feelings to a Tribe meeting, as an
entry point for TTP.
to analyze feelings by email is part of the DIM (Do It Myself) process.
allies and friends.
is generally much easier to do
a support team.
18 Dec 2003
Selection for Stocks
As you indicate in your risk management report, portfolio selection is
critical to overall performance. My tests also confirm this belief.
I continue to test the importance of price strength prior to entering the
market, as well as, price strength after market entry.
My portfolio selection tests lead to further investigation into various exit
I find is that "cutting losses short" seems to be of secondary
importance to "letting your profits/positions run."
trade a diversified basket approach to the stock market meaning I buy and
sell a bunch of stocks simultaneously when I get a signal to enter or exit.
I find it more important to assess the performance of the overall basket
then of the individual stocks in the basket when making decisions. Therefore
treating the basket as I would a stock. You also refer to this in the
diversification section when you say "The strategy relies on the
average security having a profitable expected value." Obviously, the
better my portfolio selection is, the higher my total profitability.
Can you provide guidance as to how I can improve my portfolio selection
Happy holidays to you and your family and thank you for helping to make this
year one of my best ever!
does not offer instrument specific trading advice, See Ground Rules.
might answer your own question about portfolio selection by simulating
various strategies over historical data.
managers who select on strength and buy upside breakouts may currently be
sitting with profits on some nicely trending stocks.
the time of the breakout, some fundamental analysts may not yet be aware of
the reasons for a move, and see relatively high prices, so they do not
recommend breakout stocks.
might not do so until they fully understand the fundamental reasons and
arrive at their AHA. At that point, the discount may already be in
an important part
18 Dec 2003
weeks FAQ's were great. Sometimes i read your answers first, sometimes the
submitter's. questions, Holding the concept of intention = result in mind,
am still very interested in experiencing the TT process but wondering how
that can happen as I am not a trader.
there are other non-traders who read FAQ and want to learn the process ...
Are you considering expanding your work in this way? Sometimes I feel
frustrated with the work. It feels like I'm in a game with a sketchy
abstract of the rules. If I could see it, I might understand the actual
group process more clearly.
can begin by receiving, just in the process of life itself.
may wind up attracting a tribe in your own image.
do not have to refer to the Trading Tribe or to TTP or to this site.
intention for TTP is for people to experience it, and for it to disappear
and become just another passing AHA.
17 Dec 2003
A brief question about your preferences regarding basic trend following
Which do you prefer and primarily currently use: a) Breakout with x number
of days for entry and exit b) SMA or EMA with different MA for entry and
exit c) SMA or EMA with the same MA for entry and exit?
trying to fine tune a trading system and determine if breakout or MA is
superior and if EMA is better than SMA. If you have a clear favorite what
are the main reasons.
I very much enjoy your Q&A wisdom and humor. Thanks for providing such
valuable insight to laymen like myself.
does not recommend specific trading system parameters ... or make up
reasons for things. See Ground Rules.
up reasons is part of the Fundamentalist process.
Their Voluptuous Voices
They have International Appeal
They are Fun to Snuggle With
favorite, at the moment, is #3.
17 Dec 2003
| !P = TRUE
I think about my non-random question, and realize that I did not introduce
myself! So I write this mail. (I am a student of computer science at [XXX]
working in verification -- mathematically showing that computing and
computer systems are correct.)
I have the tendency to ask too many questions, esp. "why?"
questions. This carries from my science background perhaps.
I am looking forward to the Austin area tribe starting off. Meanwhile I
am reading the entire FAQ again and thought I'd write to FAQ about a couple
A few years back, I indulge in some ad hoc "stock market
investing" based on fundamentals, without risk management.
find this period as not only unprofitable but also stressful. Eventually, I
lose a lot of money and I stop trading and decide to learn. After quite some
research, a light bulb goes on in my head (AHA?): "Systematic Money
management is key". I also find the phrase "Percent volatility
based position sizing" in Van Tharp's book and the same basic idea in
the Turtle System. (both websites.)
the risk page, you say at the bottom:
very close stops, and for a high risk allowance, the number of shares
indicating under Risk-Basis sizing may even exceed the purchasing power of
my losing streak, when I have the money management is key aha, this is my
exact conclusion -- if working with stocks, and a medium to high risk, then
the margin rules in stocks are set up with such low leverage that I cannot
do effective pyramiding -- if I put on just 4 positions in one stock, then
the entire capital is invested, though on risk basis I am only partially
invested! This is when I decided to really stop and learn before continuing.
At about this same time I realize that "The psychology of trading is as
important as, if not more than, the mathematics of it." Having a system
is not the same as being able to stick with it. I must say I recognize some
personal problems like 1. lack of disciplined systematic approach, 2. no
patience to wait for results, need for instant gratification, 3. need for
constant activity as a proxy for progress, 4. over-analysis when any
decision is to be made, 5. laziness.
I seem to have above problems arising from feelings of 1. not being good
enough, wanting to be better (perfectionism?), 2. non-entitlement to
success, 3. pessimism, lack of confidence in being able to get to the top
even when I put in effort -- in fact this makes me abandon putting in
efforts, procrastinate, sabotage etc., -- even though I know that with even
a little bit of effort, I often do very well, 4. excessive skepticism,
unwillingness to go with the flow unless I find a reason explaining the
flow. (Next time I fly, maybe I should ask the pilot if he thinks Bernoulli
is the reason for the plane lifting off! :-) )
Until I resolve some or all of these issues, I am a non-trading trader!
It is better to be out of market two years than to pay excessive tuition to
the market for teaching me through my own drama about myself!
Also, here is an interesting event -- I wake up very early today morning
with a strange confused feeling. I never ever remember dreams and it feels
very odd when I wake up in the early hours of the morning. Then I realize
that it is not a dream but actually the memory of a series of incidents from
my past, about 8-9 years back. Almost suddenly I feel that I am aware of the
source of some of the feelings above.
first few minutes I am in a trance like state, but as soon as I try to feel
these fully and pursue further, the conscious mind takes over, I feel very
tired and I go back to sleep. I don't know if this is a mini-aha, but it
seems like I have partially learned something that my subconscious is trying
to tell my CM.
For now I stop here. I am happy to get any comment from you or any FAQ
reader about any of this. I am happy to not get any comment also.
Logically p or not p always evaluates as true, so I can just say that
I am happy just to write the email, and the outcome does not matter.
seem quite developed in the area of logic and analysis.
likely drives you toward intellectual excellence.
might consider figuring out the feeling of wanting to figure it out.
TRUE, you see
TT AND P
LET IT BE
17 Dec 2003
Point and Lake Ratio
Hello Ed, hello traders
I like the UNCLE point and Lake-ratio. (See Risk Management link, above)
After trading futures for my own account or a few others I now help an asset
They are going to trade "managed futures accounts". I helped in
setting up the technical infrastructure, such as software, hardware,
The partner which I work with is looking for a good (what is good) system(s)
in the following way.
He takes intraday data of the last 2 months or so and optimizes a
system so that he sees very small lakes (Lake ratio).
Then he begins trading and of course gets a drawdown. He cannot even make a
"Lake". I mean trying to go through a drawdown period.
He first gets to his Uncle point. Then he tries to find a better system ...
and so on.
First he wanted a system that had a high profitability. I told him
profitability (%winners) was not enough. Finally he believes that lower
probability and high average winners are ok too.
I traded for him (not yet for his clients) and won 20% in the first 6 weeks.
Than the next six weeks I lost this 20%. First he was very (too) excited,
now he is too fearful. But he likes the round turns.
For me it is nice to have colleagues (because I'm quite extrovert, and
trading is a lonely job), I cannot prove to him that he won't find the
system he wants.
What is your advice to ME? In Holland it is impossible to find a place
with colleagues to work with if you are not grown up in the banking
seem to be working the DIM (Do It Myself)
process, rather than TTP.
drama seems to include emotional engagement with a short-term trading
boss appears to be the action addict and you appear to be the enabler,
although sometimes you may trade roles.
and your boss seem relatively content with your current situation, so you
might like to think it through before you attempt to change anything.
you wish to remove some drama, you might consider assembling a Tribe and
tend to have
problems they want.
someone's problem away
an invitation to do so
can still be risky
people sometimes ask for advice
a way to enroll you in their drama.
17 Dec 2003
In your risk management article, you say:
"In non-random processes, such as secular
trends in stock prices, pyramiding and other trend-trading techniques
may be effective."
Are prices truly non-random?
are things, so are neither random nor non-random.
behavior is random in ways, and non-random in other ways, depending
on your definitions.
example, price tends to be about the same value as the immediately preceding
price, so a price chart appears as an improbably contiguous wiggly line
across the page, rather than as a randomly scattered mist of points.
however, you consider the price change, or deviation (dp/dt) from the
preceding point, you can find methods that show random behavior,
particularly in the short term, most of the time.
means occurring once in an age. You can certainly find
non-random periods, at least once in an age. Such periods sometime
attend major break-outs.
might check the recent trend in Eurodollar / US Dollar, to see if it looks
random to you.
Eurodollar / US Dollar
7 - December 17
existence of occasional non-random price behavior follows from Sir Francis
Bacon's observation that in nature things move violently to their place
(big trend) and calmly in place (random dithering).
to act nervously or irresolutely, from the
Middle English didder, didderen, to
tremble. Trembling in place tends to meet many tests for randomness. Some
return-to-the-mean statisticians tremble in place at the thought of buying
strength and selling weakness.
honor is, or should be, the place of virtue; and as in nature things move
violently to their place and calmly in their place, so virtue in ambition is
violent, in authority settled and calm. from: Essays,
Civil and Moral.
17 Dec 2003
Wanting a Better Stock Picking Method
I recently enrolled in a course that teaches a trend following system and
started trading for the first time this week.
I am familiar with the stock market more than any other market, I started
trading stocks. My risk management seems to be fine. I have no problem
exiting a trade that is going against me, even the day I enter it.
I am having trouble picking winning stocks.
only traded stocks that hit 55 day breakouts but they all reversed either
the day of the trade or within a few days.
seems that this alone is not enough of an indicator.
you give me specific advice for picking winning stocks?
does not recommend specific trading system parameters, See Ground Rules.
so much of trading is about your ability to follow your system, a good
system generally resonates with your gut approach, and evolves through years
chances of finding a system, off the shelf, that works for you are slim to
you do much trading, you might like to study your system's historical
performance to help you set your expectations, about how you might feel
might also take your feelings of discouragement to a Tribe meeting, to see
if you are just using trading as a way to justify them. You might even
have an AHA about the positive intention of discouragement.
may have little interest in setting realistic expectations if your real goal
is to justify discouragement.
people may attend courses on how to trade, in order to find new and exciting
ways to run their disappointment dramas.
17 Dec 2003
There is a trader named Seykota,
who doesn't have to drive a Toyota.
He has a friend in the trend
and from that he won't bend
For market news he doesn't care one iota.
The same man's first name is Ed.
He conceived a concept called FRED,
which comes from the brain stem,
which interacts with the CM,
showing all drama makes it's bed in your head.
As the TTP founder,
he won't let us flounder.
With a Hot Seat to see our drama,
without having to meet the Dali Lama,
and without therapy from some shrink bounder.
(c) DumbPoetry Productions
May reproduce in any media whether or not for commercial gain.
... you seem to have the essence of FAQ ... including giving no advice about
whether to be a short or a long fellow.
writes poetry as a bird sings, with natural grace and melody, that clings to
your soul and confers a sense of joy and a spirit of optimism and faith in
the goodness of life.
thanks to thee, my worthy friend,
the lesson thou hast taught!
at the flaming forge of life
fortunes must be wrought;
on its sounding anvil shaped
burning deed and thought.
17 Dec 2003
Thanks for your insights and I have an update for you.
You are right Ed, even my own feeling about my appearance of my face was
part of the drama.
bigger drama though is my whole life I give off a vibe of being mad at woman
and am afraid to get involved in relationships. I have never really known
why. I did know that deep down it was a problem with me though, not the
This morning a couple minutes before my alarm was set to go off, I was
semiconscious and Fred (I was kind of in a dream state or something), told
me that the positive intention of avoiding woman and relationships was to
protect me from getting hurt like I was in childhood. This just popped
in my head and I had instant understanding. You see a lot of schoolgirls had
made hurtful comments and teased me about my appearance all through
My appearance has changed drastically since childhood, and I know that I am
not THAT ugly anymore. At my 10 year reunion no one even recognized me I
have changed so much, and a lot of woman even thought I looked really good.
But for some reason I am just not able to get into relationships.
This morning after Fred told me the positive intention of avoiding woman and
relationships, I feel a huge weight lifted off my shoulders. It has to be
an Aha, since I feel a total understanding about the issue now and I no
longer seem angry at woman in the present moment. I feel closure. I feel the
drama is gone and I feel excited to get the day started and to go talk to
A year back I even played out a funny drama where I thought I was gay, even
though I knew I always liked woman. But either Fred or my conscious mind had
to try to justify the reason that I avoided getting into relationships with
This stupid DIM process took me 10-15 years (or more) before Fred told me
the positive intention of what was going on. Your insights a few weeks back
really helped me work through the process. Even though everything in my last
post was a drama, for some reason everything worked out.
I started following FAQ to listen to your insights about trading on a
psychological level. I am a good trader though and have no problem with
successful trades. In fact I usually skip those posts involving trading.
Instead FAQ is helping me dissolve the dramas in my personal life.
is in the Eye
example, some may find
the light plays on the water
others may not see it at all
16 Dec 2003
want to talk with other traders in my area that are willing to go through
consulted your directory and do not see Denver listed. I am a novice - I
found FAQ only a few weeks ago and have never tried anything like TTP
before. I do not know how to organize a local Tribe, but I'm willing to try.
the Tribe Directory Page
Denver is the nation's most highly educated city with the highest percentage
of high school and college graduates.
• Denver brews more beer than any other American city.
• Denver is the "Baby Boomer" capital of America with the
highest percentage of boomers of any major U.S. city.
• Denver citizens contribute more public funding for the arts per capita
than any other U.S. city.
• Denver has the thinnest residents of any U.S. city, according to a
• Denver really is a mile high. There's a spot on the west steps of the
State Capitol building that is exactly 5,280 feet above sea level.
16 Dec 2003
of Emptiness as a Catalyst
I have been using some of your very insightful inputs from a month or so
mentioned I was "stuck" with respect to some of my goals of
developing a trend following system. This has been something I have wanted
to do for a long time and you have been very instrumental in pointing out
some very meaningful things I can do! I really appreciate that.
you mentioned that some of my drama "seems to revolve around the
conflict between 'I'm supposed to do it' and "i don't want to do
it." (Monday 10/20 email response from you!)
the last comment you gave me was "More direct, still, is for you to
experience the feelings of putting the whole thing off for a while."
that really hit me. I almost immediately "felt" what you meant.
That has been very helpful in getting me going.
feeling of emptiness and incompleteness of not accomplishing what I truly
want to do has been a real catalyst at accomplishing a lot in the past two
Once again, thanks for all the helpful insights you have provided me and
Even the Human Imagination
the Endless Emptiness
the Soul -- Allen Ginzberg
a Positive Intention
16 Dec 2003
I very recently discovered your site and FAQ. It's fascinating. It seems I
am ready to learn about the most important step in trading - dealing with
it. Over the past 5 years, I've had a general interest in trading. I
tried some futures, some stocks, and options in both. Over the past 18
months, I've had a very serious dedication to trading.
am programming continuously and back-testing a system for the FOREX markets.
It's an automatic program that can receive quote feeds, look for a trend,
put on trades in a pyramiding scheme, and stick to stop-loss points for risk
management. I rolled up my sleeves and did the hard work myself. I didn't
buy anything pre-packaged. It's 5000+ lines of Visual Basic.
The first version of the system went live in September. After a couple
hundred positions, the account balance went nowhere. (You can easily tell
this is intra-day trading, a la fractal scaling.)
balance didn't go up, but it didn't go down. After altering the algorithm
and doing more back-testing, "version 2" went live in October.
Same result. "Version 3" was released in November - no profits; no
problem all along was not risk management. The drawdown was never greater
than than 20% and always recovered. After 800 positions in three months, the
account was down 5% from the "version 1" starting balance. It was
easy to optimize the past and show a profit for those parameters. But using
those parameters for the present only kept the account at break-even.
problem was bet size. I was too diversified for my account size, so the bet
was always getting capped by (1/N)th of the account, where N was the number
of assets available.
bet size was never large enough. Now I stick with just one asset, and the
system can make as large a bet as it needs to when the trend signal arrives.
I ran the back-test to see whether it could handle two assets, and it can't
until the account grows by at least 20%.
I'm writing to thank you, since it was reading FAQ that helped me figure out
where the problem was. I also improved the pyramiding scheme; I followed
the instructions on the back of the dollar. I made the adjustments and
back-tested again. The parameters are more robust. "Version 4"
went live last week.
system is running smoothly, and has drastically reduced the number of
trades. Since it just went into production, I can't say that it's making
money yet, but it isn't losing money either. The bet size works perfectly
and risk management is protecting the principal.
I believe I have a trading system that works.
wife and my father are phenomenal support. I've had several AHA moments in
my regular conversations with them over trading. My kids are also
don't know what failure is, so they taught me to get up after every
"bonk". They feel everything in a raw state since they do not have
blocks between Fred and CM; they don't know HOW to block that! In this
sense, I already have a tribe helping me through my feelings.
After reading FAQ, I found that I am a very boring person; I don't know
how to set up a drama. Trading mechanically is the perfect fit for my
know drawdowns are built a priori into the system, and I know the
significant profits happen rarely and only when they have room to run. My
feelings on these points dissolved very early in creating the system.
ago, my goal was to make a system that could run on its own without
intervention so I could spend time with my family. I am married to the most
wonderful woman in the universe, and we have two beautiful children with a
third due next June. Trading is a way to pay the bills while enjoying the
life I want with my family.
Thank you for being out there.
16 Dec 2003
I am writing to inform you about my experiences with the intentional
community in Austin, Texas. When I first write to FAQ in September, 2003
to begin an intentional community in my area I am not sure what to expect.
I have many questions about TTP and I am not certain about how to begin the
journey, so I just begin and decide to leave the "how to" question
aside, as it does not seem as important as just starting right now. If I
come to a point that something needs an answer, I ask.
As of October, 2003 I receive no correspondence from others in my area that
are interested in TTP. I wonder if I might find a way to "solicit"
others in order to build a group. I decide against this, as I believe that
the most appropriate group will likely self-select.
decide, rather, to practice being a good receiver in my everyday life and in
trading, and I decide to wait patiently for a trend to develop in the area
of the Austin intentional community.
think, "Perhaps if I make myself available to participate in it rather
than attempt to create the trend myself, something interesting may
As of October, 29th I receive the first correspondence from someone
interested in participating. The beginnings of a trend appear, or perhaps it
is a "whipsaw." As more messages come in and I respond to them, a
trend is definitely underway. I commit to it, and a fledgling intentional
As of December 2003, not only is the Austin community building momentum,
a relationship with another intentional community develops and is quite
productive. Many of my original questions are answered, and I experience
a large degree of personal development and growth before I practice a single
session of TTP. Imagine the growth when TTP is underway.
Thank you. I continue to ride this trend and profits (monetary and
otherwise) continue to accrue. I am very committed, and it feels nice. This
is time and energy not spent, but conserved, multiplied, and transformed.
Thanks again, and best wishes to you and yours from me and mine.
example of starting a Tribe and good example of using SVO-p.
of people show up
you intend to receive them.
16 Dec 2003
True Meaning of Jihad
Dear Ed -
Just wanted write you to mention how well you recently explained a recent
situation to me on 10/7/03.
My first email mentioned how I was contemplating when I was going to quit
trading and start fighting the Islamic Jihad which is about to start a
Second Jewish Holocaust.
that exact moment, I found some Nazi swastikas drawn on a bench. Your reply
was that when Jew haters and Jews become "senders and receivers for
each other, the drama tends to dissolve".
A few weeks later, I read the speech of PM of Malaysia that he made at the
Organization of Islamic Conference where he called for genocide of the 18
million Jews left on the planet.
were right!!!!! My drama was resolved as I became determined to teach the
Jew haters the true meaning of Jihad.
Keep up the great work.
to teach others a lesson may just extend the drama.
you fully experience your feelings, rather than act them out, the drama
tends to disappear.
with strong feelings on both sides of an issue may find they actually have a
lot in common; they may have the key to each others' dilemma.
way to teach people
to listen to them
they teach you.
16 Dec 2003
I find I trade more profitably and see the present more clearly when I
refuse to justify or defend prior trades or decisions. Thank you for your
freeing emphasis on "now."
15 Dec 2003
to Private Consulting?
I'm assuming there are certain prerequisites to your private consulting.
Could you tell me what they are.
the link to Private Consulting at the bottom of the FAQ Home Page.
15 Dec 2003
the Toronto Trading Tribe
All the best to you and your family … now!
Recently, we and our Freds crashed a great Toronto restaurant called “Fred’s
Not Here” for a little holiday dinner. We thought you would appreciate a
picture or two.
We are all very proud to be part of this group. We do good things.
Toronto Trading Tribe
to you and to your Tribe.
the looks of the clock, Fred might have the hands with him, now.
15 Dec 2003
Exactly what is "celebrating feelings"?
Is it a concept or a process?
How is this done, when should this be done and why is this so important?
real trading system comprises the feelings you are unwilling to
avoid experiencing such feelings (eg: about trading with the trend, letting
profits run, cutting losses and managing risk) you might jump off your
Trading Tribe Process (TTP) intends to convert feelings from adversaries
into allies, thus supporting sticking with sound principles.
members intend to find positive intentions for their feelings.
party at the Monastery
the Monks finally discover
original translation error.
isn't celibate after all.
14 Dec 2003
As a Swedish citizen I am not that familiar with futures trading. I have
read a few books trying to learn the basics, but today I only trade mutual
funds, with a mechanical trend-following system. I am however interested in
the potential that futures seems to be able to offer.
I have understood that the limited time span of futures contracts is a
problem and that there are different ways to deal with this, with
different kinds of adjusted contracts. But why could you not just test the
system on the data from the cash market? And also trade the futures market
based on signals from this market. The futures market and the cash market
should act the same, shouldn't they?
One more thing. I have read the book "The Market Wizards" and was
very impressed by your trading. But is it really possible to achieve that
kind of return that you have, without overtrading?
With overtrading I mean taking larger positions than the money management
part of your strategy tells you. How large drawdown, in percentage, do you
have to tolerate to get such a high return?
does not tell people what they should do. See Ground Rules.
might take your feelings about what people and things should
do, setting rules and following them, into TTP.
Shalt Not Not Jump Thy System
Thou Hast a Really Good Reason
a Feeling Thou Canst Not Handle
14 Dec 2003
= Results ?
Dear Mr. Seykota,
From you I have learned that Intention = Results, and so there is really no
need to ask why. (For whatever results we are getting is a perfect
reflection of our intention) It is a powerful statement, and once I started
to embrace it several weeks ago, I notice the strengthening in my commitment
to the pursuit of excellence in trading through trend-following.
However, lately I began to think, what about those unfortunate people who
are born without a leg or an arm? Or those who are born with mental
disabilities? The result that they are getting in their life, sometimes,
does not truly reflect their intention. They may also want to run like a
normal person, but their physical limitations will not allow them.
Or let's say cancer. One can reduce the risk by leading a healthy life, like
exercising, eating healthy food and avoid excessive alcohol or other
substance abuse. Yet, one can still have cancer even though he has done all
the right things that he can do. The results he is getting does not reflect
Or, the victims at WTC who lost their lives on 9/11. I used to work across
from WTC, and I keep thinking, "Why are they getting such a tragic
I understand that we are living in an uncertain world, and whether it is
living or trading, some unfortunate and extraordinary events may happen. I
see our job not as to avoid risk, but to embrace it. Take calculated risk
that is. But it still does not answer my concern: does intention always
Thank you very much for all the teachings. Please note that I am truly
thankful for all the lessons you have taught me, and I sincerely wish to
hear your answer to clear my confusion.
It is my birthday today, and one of my birthday wishes is to get to meet you
in person, and learn as much as I can from a master like you. When is the
next workshop? Thanks.
and "Result" are both concepts, existing as properties of mind.
notion that Intention = Result, is a belief or personal decision,
subscription to which invokes powerful corollaries about dealing with
uncertainty, staying in the now, taking responsibility, etc.
you accept Intention = Result, you see that it is your intention (and
everyone else's) for events to occur exactly the way they do.
attitude is particularly compatible with trend following.
you might believe in causality, and find reasons for events, and
discrepancies between intentions and results. You might even ask the
incorrigibly ambiguous question about
the non-existent past: namely, "Why did it happen?"
stunning events occur and we experience them, each in our own ways.
can come up with reasons.
can take responsibility.
14 Dec 2003
Thank you for the information regarding the Practitioner's License. I know
what I need to do now to obtain the license. I also know that I do not
currently meet the qualifications.
Thanks for sharing your insights and ideas. The changes in my life stand as
testimony to their effectiveness.
For information, See FAQ Home Page.
14 Dec 2003
It feels good --
lights are coming on now !
Thanks very much for your insights last week. While I was in the lounge at
SFO (for 9 hours) I started to reflect and re-experience many things from
our talks and the tribe meeting.
Then, looking into a big cloud out the window something just sunk in: Good
trading is basically about "big winners".
I have heard and read for years: "cut the losses and let the profits
run" but for me to "fully understand this" it needed to be
turned around the other way: i.e; make as much money as possible on the few
really big winners and control the risks tightly on the many small losers,
while you "nibble" to find those few big winners ... It is truly
quite a simple concept, although difficult to stay with of course (as you
are mostly wrong.)
I have designed the attached reminder for my wall to always keep me "on
task/and strictly disciplined" in my future testing and trading.
XXX, YYY and I also had a nice discussion at the Hyatt on Friday morning
after you left for the airport. [ZZZ Software] will do almost everything
now, except that it still will not allow you to calculate any plow-back
additions during a long trending market move. (Too bad, but it has been
Thanks again, so much Ed. I do hope we will be able to stay in touch
periodically in the coming years ...
The Three Golden Rules of Trading
1.) Keep all winners, until market reverses
2.) Do Not lose (very much) equity capital
3.) Always follow the above rules 1 and 2.
14 Dec 2003
Hello from Singapore
I am a floor trader on the Singapore Futures Exchange (SIMEX.) I consider
myself to be a short-term scalper that takes rarely takes overnights. Can
the TT process help guys like me?
can be a little like grabbing nickels in front of a steam-roller, catching a
falling knife, taking a sip out a fire hose, etc.
might check over your trading history for evidence of drama around risk
assessment, position sizing and trade management.
Against The Flow
13 Dec 2003 16:24:55 -0600
You have much more insight into people than many of the psychiatrists and
psychologists I work with! Your support TT is good therapy!
might consider enrolling your colleagues in a Tribe.
13 Dec 2003
I recently attended my first trading tribe meeting with great results. I
think the TTP process works.
I'm wondering if its possible to carry suppressed feelings for long periods
of time without release? Also, if these suppressed feelings can manifest
themselves into physical illness?
I read a quote and it reminded me of you:
spirits have always found violent opposition from mediocrities. The latter
cannot understand it when a man does not thoughtlessly submit to
hereditary prejudices but honestly and courageously uses his
intelligence" - Albert Einstein
Thanks for your efforts with the Trading Tribe.
Feelings tend to remain in suppression, entraining all kinds of drama,
including physical illness, until they clear. TTP seems to contribute
to clearing such suppressions.
be a Body Metaphor
Not Having a Leg to Stand On
13 Dec 2003
Community in India
I notice that there isn’t an Intentional Community in India. Therefore, I
was wondering if it might be possible for me to start one here. My details
are as follows:
I am attaching my resume to this email, if you might want to peruse it. Do
let me know if there is anything else I need to know/do at this point.
the Tribe Directory Page
12 Dec 2003
I feel that there are times in life or trading that there is nothing I
can do to change a situation ... I think about the analogy of fishing
... If there is no fish I have nothing to do but go home and be patient. Yet
I am also afraid that I might be insisting on a mistake and perhaps should
try something else. I feel rather confused and insecure about these choices.
Once a co-worker brought to my attention the fact that I am rather unstable
and relating this issue also reminds me of the episode.
there is nothing I can do" is not a feeling.
seem to be practicing the DIM
(Do It Myself) process, trying to enroll people in your drama, rather than
in your Tribe.
requires a Tribe
help experience feelings.
craves an audience
help act out the drama
12 Dec 2003
Hi Chief !
A true spiritual teacher does not have anything to teach in the conventional
sense of the word, does not have anything to give or add to you, such as new
information, beliefs, or rules of conduct.
only function of such teacher is to help you remove that which separates you
from the truth of who you already are and what you already know in the depth
of your being. The spiritual teacher is there to uncover and revel to you
that dimension of inner depth that is also peace.
Special thanks to you and to my many other teachers and receivers for
keeping me on task during the ever unfolding moments of now, including my
turns on the hot seat.
12 Dec 2003
I’m interested in your website and “tribe”. Could you tell me more
about your community.
might check if you tend to ask people to do things, without being very
specific about what you want.
might also gather information by following the links above and by reading
read some of the FAQ's.
you have specific questions, send them to FAQ.
12 Dec 2003
I'm a trader and manager in Hendersonville, NC ... would it be possible to
start a tribe in the Hendersonville / Asheville NC area?
Tribe Directory link, above.
11 Dec 2003
Things in my life have changed the last 2 weeks. After a year of working at
home trading my own account, I am back in full time employment.
started my new job ... it is a bit strange being the price maker again and
having to provide liquidity as opposed to just placing orders. This caused
me quite a bit of internal conflict my first week as I struggled between
covering customer business and running my own trend following positions
(both on behalf of the bank's account).
nearly quit on my third day out of frustration and thinking I 'should' be
back trading from home, but fortunately calmer heads and SVO-P prevailed.
I have some very intense TTP sessions with my wife. She encouraged me to
attend the Reno workshop, completely buys into the process and continues to
progress with me as we learn how to send and receive. I am now able to focus
on my feelings at work and separate the very short term customer business
from position trades. The P + L and attitude are both now considerably
Ultimately I will return to trading my own account, but in the meantime this
enables me to build up some more capital and is all part of living my dream.
Family is the Essential Tribe.
the Essential Tribe
provides endless opportunities
/ or drama.
11 Dec 2003
Dear Mr Edward Seykota,
In an air mail on December 10th, I had sent to you an idea for writing
yourself an article in the financial newspapers, it is an interesting topic.
Please note that there is probably an error in this mail : - the letter
with the red plastic cover is for you - but the
two letters with the blue and the green plastic
covers were not for you, so please destroy the two other letters, you
don't need to sent them back.
I am really sorry.
may be setting up some dramas for you about feeling blue
about what gets read.
might take your feelings of sorrow into TTP, as a starting point.
Red, White, and Blue
Headgear for Processing
11 Dec 2003
Dear Mr. Seykota,
I enjoy your website and articles --- thank you for making this resource
available to the trading community.
quick question --- when forming your views on the "amygdala
hijacking" and how it relates to trading (and life in general), did
you come across the tactical work being done by a group called Rocky
Mountain Combat Applications Training or the work with heuristics / adaptive
thinking being done by Gerd Gigerenzer's group in Germany?
work is fairly well known, I suppose, but RMCAT is not really discussed
outside of a fairly specific group of reality-based martial arts
Essentially, RMCAT and similar groups use adrenal-based, simulation training
to force self-defense students to act under conditions of uncertainty and
group has found that many *highly trained* individuals are not able to
access their skills when they are placed amidst the messiness of a realistic
situation and its attendant shocks (perhaps analogous to a continuous-time,
volatility-punctuated process like the financial markets).
they have not trained in conditions that involve the same physiological and
psychological issues as a real self-defense situation will, they react as if
they have no training at all.
period of depression and cognitive dissonance often follows, but confidence
and positivity soon rise as the drills have time to fortify the individual's
capacity for "ferocious resolve."
by starting with the reality of street violence (particularly the lack of
substantive information and the physiological effects of "imminent
danger") can a robust, successful plan of action be formed.
Anyway ... I hoped that you might find some of this vaguely interesting as
it applies to our efforts to control what we can and let go of what we
no longer view the markets as a Hobbesian war of all against all, but I do
feel that some esoteric battlefield training techniques have indirect
relevance to trading. As Bruce Lee said, "Soon or later, the man who
wins is the man who thinks he can."
"fast and frugal heuristics," is another name for "rules of
thumb." One pretty good one is: Trade with the Trend.
puts people in combat condition to simulate acting under uncertainty.
Note: system traders only have to stick with the system during uncertainty
(now and always)..
tends to reduce "amygdala hijacking." When Fred and CM share
experience, the amygdala seems to reprogram holotropically (toward health).
might consider taking your feelings about the markets as war, into TTP.
the question of how humans
to live with uncertainty."
Acting Under Stress
bid, fitty-fi, fitty-fi ..."
double ... at fitty, foty, thudy ..."
amygdala learns to respond emotionally and immediately to various emergency
situations, and "hijacks" new information before it reaches the
thalamus. TTP tends to promote holotropic amygdala reprogramming.
11 Dec 2003
Peels Away the Layers, #2
Thanks very much for answering
my FAQ posted on 12/7/03.
My question to you was somewhat ill formed. In my case, working with
TTP in a group setting I have peeled away many many layers, I have
had a series of small aha's or insights that finally led to a big AHA,
there is no mistake in recognizing when this big AHA happens, it felt
like floodgates had opened and led to a big outpouring of
my case it seems like these small aha's are judges that needed
to be resolved before the big AHA happened.
Although I have reaped tremendous benefits from TTP over the months,
and the frequency of self-sabotage has diminished, this 'urge' to
make non-system trades still seems to show up from time to time.
I was wondering if you could please provide some insights or a time line
into this process of peeling away the layers until a issue is completely
use a hardball analogy, if the issue still remains, does that mean there are
still feelings in the 'stack' between me and the resolution of this urge
that Fred needs to communicate?
time line you seek likely runs from the non-existing past to the
non-existing future. I wonder when you intend to use it.
might re-write your send in SVO-p.
might take your feelings of wanting to stay in control of the process, into
TTP, as a starting point.
You Get To the Center
get another onion.
11 Dec 2003
What are your religious beliefs? You seem to have a strong element of
Christianity in your writings and attitudes.
of my beliefs about religions is that they tend to converge with each other,
at their basic tenets.