The Trading Tribe

Ed Seykota's FAQ
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Sep 24, 2017

Two Lovers

Dear Ed,

Hope you are well.

Life sometimes stops acting like a smooth trending security and volatility sets in.

Case in point: I've been (happily) with someone for 10 years. We met young, grew into young adults together and developed the intimacy and profound knowledge about each other that comes with a long term relationship. By all accounts the definition of soul mates... Or so would think anyone looking at it from the outside.
A year and a half ago, life would have me collide with someone new, by whom I felt something very strong the very second I saw her. The feeling was mutual. We spent countless hours together (work context) and the feeling only grew stronger.

However, I am stuck. Paralyzed by choice. On one hand, there is something very strong pulling me towards this new other person. On the other hand, there is nothing driving me away from my current relationship: there is trust, love, care, attention, attraction. I wonder if what I feel for the new person is but a twisted side effect of an endorphin flooded brain. Maybe it is the novelty factor, maybe it is love.

Letting your profits run is one of the Laws, and my current relationship is, most certainly, a profitable "investment". The question is: should you sell near what could be the top (judging by the volatility felt) and move on to the next trade, or should you stick with it until your stop loss is hit? This, incidentally, exposes another problem: I do not know where my stop loss is. I've been with this trend for so long, a wider stop may all but cause it do destroy a portion of our most cherished profits...

Looking forward to your refreshing, "wide-lens" perspective.

Thank you for raising this issue.

You might consider you already have what you want, namely: an exciting ongoing dilemma involving compromising ethics, keeping secrets and living in fear of discovery.

This may indicate you have a dopamine addiction. You might explore this hypothesis by noticing if you engage in other exciting high-risk behaviors or have a fascination with switching views between multiple pornography images.

You cannot resolve the situation by picking either the faithful long-standing wife or the sporty young playmate. That path only leads to decompression, endless second guessing and, ultimately, the reestablishment of another triangle.

If you wish to give up on dopamine and go for seratonin instead, you can commit to one or the other, likely the former and settle down in peaceful comfort and deep satisfaction.

One way from here to there involves having all three of you sit down together and tell your deepest feelings to each other.  

This can help everyone find right livelihood. Perhaps your wife also has a secret lover and wants a way to leave the marriage.  Perhaps you wind up in a three-way deal.

You might notice your feelings as you consider these alternatives.

You might consider taking these feelings to Tribe as an entry point.

In Secret Relationships

the secret may generate more excitement
than the relationship.

Sept 24, 2017

Sharing the Love

Hi Ed.

How are you holding up in Puerto Rico after Hurricane Maria rolls through?

I'd like to thank you for all you teach me on FAQ, in your articles and interviews. Even though we haven't met, I still think of you as a mentor. You teach me how to think and write clearly; how to observe my feelings and learn about myself.

I recall meeting my now wife around the time I attend my first Tribe meeting in NYC in 2010. I notice my habit of throwing tantrums when I feel frustration goes away over time; how I do not shut down when I feel annoyed or angry. Today, I feel much calmer, confident and warm with love.

Your message of "Share the Love" at the end of Govopoly makes more and more sense each passing day. My relationship with my wife and others improve dramatically since 2010. I feel OK about being silly, weird and vulnerable with people. I try to let myself come out without over thinking or worrying about how I appear.

I create my first business-related snapshot in spring 2010: "I manage a fund". I launch in January 2011. More recently, I expand on that snapshot and draw up a second one: "I manage $30 million for like-minded people".

A month ago, a well-known trend following manager invests $2 million into my fund. It brings my AUM to $5 million. First, we become friends and then the investment occurs. The process takes ~18 months. We spend time building rapport and sharing ideas and feelings about trading. We discover we're like-minded.

I understand managing $30 million doesn't happen overnight, but this represents a stepping stone to realizing my snapshot.

My other snapshots include:

Body: I weigh 190lbs at 12% body fat. (Currently, I weigh 185lbs at 15% body fat)

Relationships: I share my feelings and experiences and do not give advice. (Currently, I sometimes tell people what they "should" do even if I don't use the word "should")

Fun: I own New York Rangers season tickets in section 108. (Currently, I do not own any season tickets)

Thanks again for your help for all of these years.
Thank you for sharing your process and for acknowledging me and the work.

The recent storms in Puerto Rico wind up improving my view, as they remove a number of windows overlooking the ocean.

Sept 19, 2017


Hi Ed,

I was highly influenced over 20 years ago by the interview that was done by you or possibly your dad in Jack Schwager's very first Market Wizards book.

Your devotion to systems development and trading has brought a huge amount of sanity to my life over the past 10 plus years!!!.. thanks
Thank you for acknowledging me and the work.
Sep 18, 2017

Women and Men Traders


Are women better traders than men?
Thank you for raising this issue.

Better traders may rely on both masculine and feminine aspects of their personalities.

You might consider taking your felling about <men and women> to Tribe as an entry point.

Male and Female

Each, a part of the other.

Sep 18, 2017

Wants to Prove Himself

Dear Sir,

I am a systematic, trend-trader, money manager to only a handful of clients. I am determined and resolute to bring my trading career to greater heights. I have been seeking for opportunities but have been totally unsuccessful. I humbly plead for a chance to prove myself to you. Please.
Thank you for sharing your process.

Thank you for offering to prove yourself. I can accept your claim, without proof, that you have a system and that you consider it unsuccessful.
Sep 17, 2017

Trending Up

Dear Ed,

greetings from Brazil!

I am a concert pianist seeking joy in the markets, which to me means making money so I can share my time more significantly with others, playing and teaching the piano. After a bad start, my account is now trending up for quite a while after I fixed some problems in my trading with the help of bright and generous traders I met mostly over the Internet.

I am writing to thank you very sincerely for sharing so much knowledge, I have been studying and replicating some of your models, as well as building some of my own. Recently I have found the EcoNowMics page and the feedback models helped me to understand a lot better aspects of bull and bear markets, people are baffled by crypto yet those moves seems consistent with the feedback models.

My best wishes to you and your family and keep following the trends and inspiring others,

Thank you for sharing your process and for acknowledging me and the work.
Sep 17, 2017

Essential Tribe Meeting

Dear Chief,

Today I teach my sons ages 3 and 5 about the basics of a Tribe meeting - drumming, check-in, sending and receiving.

I begin by asking my wife how she feels about me inviting our sons to have a Tribe meeting with me. She likes the idea.   I invite our sons to have Tribe meeting with me. They accept.

We head into my home office and close the door. It feels important.

We arrange our seats in a triangle that I refer to as a circle as I explain that is how we sit in a meeting.

I explain the PM/Chief role.
I explain drumming, Check-in and sharing feelings, sending/receiving/acknowledging and check out.

We drum.
It is like any other Tribe drumming - We eventually find connection and then it winds down.
We check in.
My sons share feelings of calm and floaty and happy.
I feel happy, calm and lifting feelings and thank them for joining me.
They thank each other and thank me as we conclude check in.
I explain that if they would like to learn more we can have more meetings.
We check out.
I close the meeting.

The whole process takes 25-30min.
After the meeting they play together and I decide to update FAQ.

I feel a cool tingle of amazement in the middle of my head as I think of the ageless expressions on their faces and the feeling that they know how to participate in the now.

Although we share feelings regularly this is the first formal implementation of TTP I have shared with any of my children.

I would like to learn of other Tribe members that have had meetings that included children and other immediate family and to learn of their experiences.

As my family grows ( I have 4 young children and am expecting a fifth) I intend to continue using Heart Rock and also like the idea of  implementing other TTP with my family.

Thank you.
Thank you for sharing your process.
Sep 16, 2017

How the Tribe Goes


How is the tribe doing these days? I attended one of Ed's first Holotropic Breath workshops.
Thank you for raising this issue.

The Tribe goes along in one moment of now.
Sep 15, 2017

New Album

Dear Ed,

Thanks for starting the Trading Tribe community. We have now been live and active since 2005 in Sweden.

I want to share that today I am releasing my album on Spotify. 

Best regards,
Thank you for sharing your process.

I rarely post links to commercial sites on FAQ.  
Sep 15, 2017

Falling Behind

Hi Ed,

I hope you are well... I'm worried about falling behind and I would appreciate your help.

Thank you for sharing your process.

You might consider taking your feelings about <falling behind> to Tribe.
Sep 13, 2017

Family Matters

Dear Ed:

I visited your home for tribe meetings in Lake Tahoe in the Fall of 2003. We last spoke when I tried to change my attendance schedule to once per month which was not the agreed Trading Tribe schedule.
After fourteen years, I am ready to take the hot seat. I ask for permission to attend an Austin Tribe meeting.

I will take the hot seat right away after check-in so that I may learn to emotionally heal myself, practice TTP in my life consistently as I continue to fall back on control and criticism of My Wife while only showing love and acceptance to my Children. My Wife has left, and only through this pain have I been able to understand the role I have played.

I am ready and willing to take the hot seat after check-in over as many visits as necessary to open myself up to the Tribe before attending as a receiver. I can excuse myself after my hot seat if the Tribe prefer I earn the right to listen and receive the members unless they are comfortable with my attendance. I do not want to hinder the growth of any other member, and would be pleased to have any opportunity to visit.

Yours Truly, 
Thank you for volunteering to attend the Austin Tribe.

You might consider watching these pages for news on the formation of another session of the Austin Tribe.
Sep 12, 2017

Wants to Connect

Hi Ed,

I am currently re-reading market wizards and found your interview extremely interesting, not only because of my interest in trading, but also in psychology and what drives people.

Your statement that everyone gets what they want from the market particularly struck me. It goes with my belief in the law of attraction and how our subconscious creates our reality.

I wanted to reach out because as a young man, I just feel like we could have a really interesting conversation about life, and I could learn a lot from you as I forge my path. Would love to connect if you have a bit of time.

All the best and have a wonderful evening.
Thank you for reaching out to me.

We can connect here, through FAQ.
Sep 11, 2017

Newbury Tribe Update


good morning and I hope my email finds you well following the recent inclement weather. 

I attach a long overdue Tribe update for the Newbury Tribe.

Simply, the Newbury Tribe continues to meet as members request. I also continue to attend the Hertford and London Tribes as my process dictates. All Newbury Tribe members experience challenging circumstances in recent months and I feel momentum building within the Newbury Tribe. I look forward to posting more on FAQ. 

Finally, I wonder if you are willing to share your thoughts and experiences of vajrayana buddhism? 

Take care and thank you for continuing the FAQ and supporting me in my ever evolving process.
Thank you for posting the TTID, Trading Tribe Information Document, for your Tribe.

Vajrayana Buddhism may include secrecy as one of its organizing principles.
Sep 11, 2017

Govopoly Question

Dear Ed Seykota,

I just finished reading your book, Govopoly in 39th day, and have a question.

Can the recent surge of tech companies be some sort of counter for the Govopoly? Uber, Amazon, and etc seem competing against incumbent Govopoly-benefited entities.

Thank you for raising this issue.

You may notice Uber running against the Taxi Govopoly - at tremendous expense.

You may also notice Tesla, in alignment with the Govopoly agenda, - receiving substantial subsidies.

You may also notice Facebook's  Zukerberg preparing to run for office.
Sep 3, 2017

Wants to Know What to Trade

I am from Australia and new to trend trading. What do you think is the best instruments/systems to trend trade. I am trading CFD's to start with but know that some trade futures, forex etc.
What do you suggest, the instrument should I use to trend trade?

Kind Regards,
Thank you for raising this issue.

You might consider trading a portfolio of trending markets.
Sep 2, 2017

Radial Momentum

Hi Ed,

I invented radial momentum and the experiments you have devised is the same as what I devised at university. I am interested in how you acquired my assignment.

This is not the first time my work has been used. I also designed the Britannia roundabout upgrade in Adelaide.

Thank you for asking how I could come up with your idea - and then publish it before you do.

Simple. I use a time machine - the one that you likely also claim inventing.
Sep 1, 2017

Wants to Send Gift to Mentor

Mr. Seykota,

First and foremost I appreciate you taking the time to read this email. I'll make sure to keep this very brief.

I'm a 28 year old man who's spent majority of my life in financial shambles and I'm searching for ways to get out. I would appreciate you being my mentor. I would also love to send you a gift to show you my appreciation so please email me your mailing address with your response.

I look forward to hearing from you.

Thank you for sharing your process.

For now, I can mentor you through FAQ.

Task #1: You might like to consider telling me more about the gift you propose to send me.
Sep 1, 2017

Wants Guidance

Dear Mr. Seykota,

I am a patent attorney who has followed you for years. 

One of my goals is to trade full-time however despite extensive reading, research and trial-and-error over a period of years, I can't seem to find the ability to do that. 

If you ever have some extra time, I would truly value your guidance regarding my situation.  By chance might you be available to chat at some point?  Or if you would let me buy you dinner sometime in Texas, Puerto Rico, Tahoe, Or the Bay area, it would truly be an honor. 

If not, no worries as I expect you are quite busy!


Thank you for sharing your process.

I can offer you guidance, for free, in response to your email to me at FAQ.

I also offer private consulting, per the terms at Ground Rules, above.

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