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from Ed in Red)
Mon, 28 Feb 2005
I fully commit to be the best that I can in everything I do.
Sat, 26 Feb 2005
Regarding your response to posts from Mon, 31 Jan 2005 and Sat, 29 Jan 2005:
don't have enough information to identify the posts. I have 4 posts for each
day. You can specify a post by date and title.
taking "ES" to mean Eminently Sensible.
you for your support.
Fri, 25 Feb 2005
I am wondering about one of the physiological aspects of Breathwork.
is that hyperventilation increases the amount of oxygen in the blood and
also reduces the amount of carbon dioxide causing the blood to become more
The brain responds
to this situation by vasoconstriction. My question to you is this: Would
increasing the oxygen content in the air that the breather inhales during
Breathwork exercises result in reaching holotropic states more easily or
reduces the CO2 level in the blood. This decreases the carbonic
acid level and raises blood pH. (Alkalosis).
contains about 4/5 N2, 1/5 O2 and about 400 parts per
million CO2. The air you exhale has about 2-3% CO2.
ambient O2 content (versus N2) per your suggestion,
would not significantly change the partial pressure of CO2 and
would not effect the transfer rate of CO2.
the O2 / N2 balance might have unhealthy effects on
Some problems with
with getting high on life
they wear off
does not recommend the use of drugs or psycho-active substances. FAQ does
not recommend breathing anything except natural air. In TTP we celebrate the
body just the way it is.
Fri, 25 Feb 2005
The Pharma in
While reviewing your FAQ this morning, I was struck by the post from the
Tue, 1 Feb 2005: Consulting
I’m no psychiatrist, but I was struck by the periodicity of highs and
lows, his age at onset and the fact that it predates his trading.
If this represents
undiagnosed bipolar disease, he may benefit from formal psychiatric /
psychological evaluation as well as the tribe.
twenty years of medical practice, I believe a little judicious
pharmacotherapy can go a long way. For that matter, I’ve thought the
same thing about Livermore.
Looking forward to your book, while also enjoying the now …
and drugs are different, even exclusive, approaches to well being.
who use one approach, seem to lose their taste for the other.
helps people break addictions of many kinds, including tobacco, alcohol,
psycho-active substances, day-trading, and even the need to have everything
calm and quiet.
doctors dislike cycles. They prescribe drugs to even people out.
here at Lake Tahoe, I notice that healthy trees go through a yearly
cycle. People go through monthly and daily cycles. Breathing is
cyclic. Many creative people tend to operate within a cycle of
moods. Without these cycles, everything stops, and dies.
urinary process is cyclical. Mostly you excrete nothing, Then, from
time to time, you have a very dramatic outpouring.
you dislike cycles and cannot stand experiencing them, you
could position an exit tube to bypass your bladder, so you could excrete
urine in a steady-drip mode.
TTP alternative is for you to experience the positive intention of cycles.
more need to find a place
you wear Bag-It
those who like to keep life
Thu, 24 Feb 2005
I move locations and join a new tribe.
The first session with the new group I bust at the seams with issues and
volunteer to work first. I am anxious about not belonging and feel
embarrassment / excitement like I had as a kid on the first day at
school. The tribe is highly skilled and work me through some of my forms. I
go through the forms and even put them all together.
I feel my feelings, but notice the part I enjoy the most is when I get out
of my forms and stop / relax.
The tribe asks if
I am willing to feel my feelings and go through the combined forms again. At
the end I again enjoy the stopping bit the most and get annoyed when pushed
by the tribe to continue. Tribe members offer encouragement, but in doing so
I resist and do not want to go on. A tribe member picks up that I enjoy
the stopping part and encourages me to feel the stopping ... more, more. Now
- stop the stopping! What the f--- is that? Now I am really
annoyed. The Tribe pushes me on ... stop the stopping ... be annoyed.
I give it a go and realize we are on to something big. Aha. I am a
stubborn person and do not like when I am told what to do. In fact this
often leads me to do the opposite (not a great thing when trying to follow a
I feel exhausted and good as my hot seat session ends.
to support risk management.
Thu, 24 Feb 2005
Same Ol' System
Do you trade the same systems you traded 20 years ago?
1972, when I start trading, successful investors cite these rules as ones
that they remember their predecessors citing:
Trade with the
see nothing to change.
Thu, 24 Feb 2005
I recently read the Trend Following by Mike Covel. I was very intrigued by
your strategies, wisdom and success.
I have been in the mortgage business for a couple of years now. After
reading about the great trend followers I want to get into the markets.
I am currently in [City]. I was wondering if you could recommend a good
firm in my area who may be hiring.
would not mind moving to a location where I could play golf year round.
Ps: Could you recommend any other books which share your trading philosophy?
I appreciate your time and consideration.
Resources, above, for books.
gather you want to know a firm in your area who is hiring and you would also
like to move.
might consider taking up golf as a career, trading as a hobby.
a good occupation
people who like
Thu, 24 Feb 2005
May I take an opportunity to invite you to the [City] Tribe on your world
tour; I know my fellow members have also expressed to you their intentions
by encouraging you to visit. Perhaps you will need help in organizing such a
visit. I would be very happy to assist you, please note below my contact
details should you wish to get in touch.
am in the final stages of writing a book. I have a Workshop to deliver in
May. I plan to visit some Tribes around mid-year.
Tue, 22 Feb 2005
Development and Relationships
Congrats on a great site, I am a big fan. It provide a very stimulating
perspective on financial markets and personal growth.
Your interview in Market Wizards, although several years old is still very
valuable in the way it documents how one should pursue dreams and ambitions
in a particular area.
What I would like to find out is what advice do you have for pursuing
one's ambitions in one's personal life?
Would you view
this as akin in some ways to success in trading or whatever activity, or are
For instance, someone could be a very successful writer, but this represents
an individual achievement. But in one's personal life the achievement is
centered more about a group focus, or at least a focus of more than person,
whether friends, family, marriage, contacts. So, the dynamic is essentially
You talked in Market Wizards about the role of positive expectations in
helping trading activity, and also the joy of losing and pain of winning.
But as a young guy would you have a similar perspective on the personal life
you hoped to cultivate? Did you have a dream and aspiration in this way as
well, or was it more about going with the flow for you?
These questions will be of help to me for I am young guy, and have a fairly
good idea of what I want in career terms, and enjoy developing and exploring
in my personal life, in terms of relationships and new things. I think a
personal life is something that keeps expanding, and it is also something
that you must build as well.
But if you have any thoughts on this they would be much appreciated. Maybe
it is just a case of intention equals result, as you have before said.
does not give advice or reveal personal information. See ground rules.
seem to be getting pretty good answers to the kind of questions you raise,
by participating in a Trading Tribe.
Tue, 22 Feb 2005
I am trying to reach the creator of a post on your site. If the poster
is still following the Tribe, could he include a simple explanation of the 3
steps followed to create an accounts position size. I have coded it in excel
easily, However I am a bit mystified by the reasoning of the calculations.
does not reveal the identity of contributors - or provide a way for readers
to contact them.
are More Willing
they feel safe.
Tue, 22 Feb 2005
Not sure were to begin this email, however I find that what I have read
about you and the trend following mentality is something that I can enjoy
I have read your
Trading Tribe FAQ's and philosophies, and clearly understand the mental side
of the trading world.
I would be happy
to provide my experience in the trading environment if you so desire. It has
revolved around me trading my own money, and also mentoring others under a
proprietary group that I founded.
The training of
others began as a simple gesture of something I thought I would enjoy, only
to follow into a mentoring of others and a true appreciation of what the
business has brought me both financially and emotionally through others.
So back to the beginning, why this email. I wonder if you still offer
courses in developing Trend traders, or studies of the Donchian methods.
I read not long
ago of a course you gave, and you spent the first two weeks explaining the
Donchian process, and the remainder weeks proving it to the group.
Do you still offer
classes like this? Do you still like to mentor people on a more personal
basis? Obviously these are both something that I would be interested in, if
on further conversing you thought it worth your while?
Well, I will leave
you with this, to see what your response is, and would be happy to answer
any further questions.
my protégé you might begin by sending me the source for the apocryphal
story about the Donchian Course.
you might continue your tutelage by writing a one-page essay on the
similarities and differences between prodigy, protégé, probity, property,
prophet, profit and pocket.
you might join a Tribe in your neighborhood, or start one.
hold more profit
it's open at the top.
Tue, 22 Feb 2005
In your post of Feb 2
Says: "A 125-k futures account might be a little thin to support
drawdowns, even on
In your Market
Wizards article you said you don't publish your performance with the
exception of your model customer account that started with $5K and that
traded to several million (don't remember the exact number) over a period of
So, given the previous statements, isn't it reasonable to infer that not
only is 125K not a little thin, but rather on the obese side
comments aim to stimulate traders to think carefully about risk control
before they start trading.
you have your feeling of loss in a k-not, you might have a high tolerance
for drawdowns and you might find a 125-k account obese.
trading might be a good way to trim it down.
poor risk management
Mon, 21 Feb 2005
This is an interesting quote from the son of funny-mental investor George
Soros, about why his father changes his mind and market position.
My father will sit down and give you theories to explain why he does this
or that. But I remember seeing it as a kid and thinking, Jesus Christ, at
least half of this is bullshit. I mean, you know the reason he changes
his position on the market or whatever is because his back starts killing
him. It has nothing to do with reason. He literally goes into a spasm,
and it’s this early warning sign.
I wonder if this is really the case and if it is, does George Soros
realize what contributes to his success.
best source of information about George is, well, George.
might take your feelings about George to a Tribe meeting as an entry point.
Quantum Fund accumulates profits in excess of one billion dollars in one
week, trading currency, September, 1992. He gives some of it
"back" in subsequent trades.
Mon, 21 Feb 2005
Dear Mr. Seykota,
I've been interested in trading for quite a while but never had any
direction from any one individual.
What would be
your advice for beginning traders; reading material, workshops, how to run a
business from home.
I'm not looking for the secrets to Life or making money just some groundwork
I can use to get myself going in the right direction. From reading about you
in Market Wizards and Trend Following you seem like a no nonsense guy whose
direct and to the point ... and most importantly successful at your craft.
might try standing in front of a full length mirror. If you see a
trader looking back at you, ask him what to do.
you don't see a trader, carefully note what you do see.
Tribe can be an excellent mirror.
might consider taking your feelings about wanting guidance to a Tribe
Can Get a Pretty Good Sense
what to do
a little reflection
Mon, 21 Feb 2005
A new member attended our regular TTP Session today. After he walks into the
door, first thing I ask is: "What is your understanding of TTP?"
He goes on with his storytelling: "I traded for so and so years. I read
Ed Seykota' s Market Wizard interview. He was the most intriguing and
intellectual, etc." The usual introduction.
So I ask again: "What is your understanding of TTP?"
Then our receivers funnel him into getting directly into his current issue:
We ask him again: "What feelings come up in your body while you are
He says: "My heart starts pounding. My face is flashing red. I want to
cry right now!"
So we encourage him to do just that. "Yes do more of that. Turn it up a
notch. Make that motion with you hand as if your heart is pounding.
Altogether now¡ Cry when you want to. It's OK to do it. Here we care
about you. We care about your feelings, We accept you for who you are. Go
We ask him if he
is willing to assume the Hot Seat, He says, "YES!"
All this happens within 2 minutes of this person entering our door. We did
not ask any question where he is from, what his name is, where do you work -
the usual small talk which is of little relevance to doing real work in TTP.
So then he gets on the Hot Seat and amazingly goes into his forms
immediately. We encourage him to do more of it.
Although he went
into analyzing and sidestepped a few times, we encourage him to analyze some
more. The analyzing falters and the receivers keep him on track. And then he
proceeds back to the main feeling of anger.
He fully experienced his forms from shaking his hands, rocking back and
forth, to closing his mouth and sucking his lips outside in as if his lungs
are sucking all the air outside and a vacuum formed. I receive that he
almost wants to cry and he claims it as well so we encourage him to
"almost cry" and keep doing more of it.
We tell him to, "Really close your mouth as how you are doing it now
and block things that you want to come out. Really hold it inside you and at
all costs do not let it come out. Yes hold it inside and almost cry too.
Then - he bursts out laughing - coming from a point where he almost cries.
After our session and during checkout, this new member makes an insightful
observation. He says: looking back, it was very beneficial that we funneled
him into going into the Hot Seat seat RIGHT AWAY without any types of
discussion or the other experienced members going first before him so he can
see for himself a demonstration. He said going first without any
premonitions or having any ideas of how it works from the other members
turned out beneficial for him as he didn't get scared or freaked out by us
or he didn't have any ideas of what he should do during TTP as how we do it.
He experienced his
own "signature form" as naturally as it feels for him at the time.
It is also good that the receivers knew exactly how to funnel him directly
into his somatic feelings without dilly-dallying around.
I feel the same way from previous experience with new members coming in.
Before, new members come in our Tribe and the Tribe conductor during the
session demonstrates first so new members see how its supposed to be. We
feel that the experienced members going first to demonstrate is an inferior
way to go about introducing the process as the new member might carry new
judgments about TTP without experiencing it firsthand for himself. He might
have thoughts of Oh, I'm supposed to act like an ape and go crazy.¨ Albeit
that's not his signature form. So we feel it is optimal if new members go
I don't know, this is just an observation, but I feel that this may be a
Ed, I remember when you pollinated that you went last and let us do our TTP
first and you took notes as you let us do our Process without you
interfering until the end of the session. How do you feel about this
approach for new members?
I maybe using this as a reason why others never came back for a 2nd
session as they either freaked out from seeing us going ape crazy.
previous new members see our demonstration and take their turn in the Hot
Seat, they just sit there and meditate although we fully encourage them to
do that but we know that is complete BS.
Maybe it worked just for this particular person who is willing to do real
I guess its either
people are willing to do THE real work or just weed themselves out
naturally. As usual, I don't know.
seem to have a good handle on TTP and how to track a sender.
you have a k-not about people freaking out and quitting, Fred sets up
situations in which you can experience it.
way to get people to come back might be for you to work on your own feelings
about them not returning.
In TTP and in
life, clear agreements support long-lasting relationships.
Mon, 21 Feb 2005
Trading can be a tough and lonely road. So having a mentor and guide,
especially one so spectacularly credentialed as Ed Seykota, is a rare gift.
Like most traders,
I mistakenly believed that finding the right system was the be all and end
all of success. But I have learned through Ed's web site and his other
writings that the secret lies within - that one needs to address and
embrace all the deep-rooted feelings that lie waiting to sabotage us if we
Attention must be
paid. Thanks to Ed's generous advice, I am now far more able to stay in
the moment of now, and to recognize and control the feelings that once
ambushed my decision making.
That means that
the greed that pushed my risk taking to dangerous levels is now under
control (but under constant watch!) and I can now view drawdowns
dispassionately, without the ritual hair-tearing of earlier times.
But I have won an
even bigger pay-off: my life in general, not just my trading, is
infinitely more enjoyable and successful because of these same techniques
Thanks Ed - as you
say, everyone really does get what they want out of the markets, and of