|
October
1-11, 2003
|
Questions
(Quotes
from Ed in Red)
|
Answers
|
|
Sat, 11 Oct 2003
Sharing
(from some
e-TTP work)
S: I am afraid of losing money. Losing money scares me.
R: How does this feeling of fear about losing money manifests itself?
Location, temperature, size, pressure, etc.?
S: I'm too scared to take risks, too afraid of losing... or rather, not of
losing, of losing faith in myself and my system in an inevitable drawdown.
Thinking of this I feel scared... feeling scared makes me look for a
solution.
R: Fear is the solution.
S: I HAVE the solution, but I dont DO it ...
R: If you have the solution and all you need is permission, you can likely
give it to yourself. |
TTP
works by connecting Fred and CM through experiencing feelings.
Analysis
and figuring it all out are optional, often counterproductive. |
|
Fri, 10 Oct 2003
In a Rut
Hi. Been a while since I posted ...
I'm stuck. In a rut. Not doing what I want to do. I think I want to ...
so why aren't I?
Not doing anything
productive that can lead anywhere ... just passing time, really. My
conservative investments make me enough money to live off (at present...
things may change. Good investments may go bad ... ) and by keeping a simple
standard of living and making sacrifices I spend less than I earn, and can
therefore grow my capital a little each month ... So I do nothing ...
Nothing to do with
trading (why bother if doing it myself scares me and someone else manages to
make a reasonable amount without losing any) and nothing to do with other
areas of life, as I don't actually "need" anything, or can do
without, so why make the effort to get anything?
This isn't how it could be, I think. I feel angry with myself. My fists
clench, I hear a low growl, my stomach feels funny, light. I call myself
useless, lazy, pathetic.
I tell myself I'm
not being very *responsible* with my capital, or my life for that matter, if
things go wrong I won't have enough to live off and I wont know what to do. I
tell myself that I'm not taking advantage of the gifts I have, that I'm not
learning anything, or *growing*.
As I realize that
this road can only lead to a wasted (judgment) life and personal
"shrinkage" (presupposition that it has to lead somewhere) I feel
scared. I imagine where this state of unproductively will lead. I feel a
shiver in my spine, I swallow, my throat feels dry, I pick a my fingers and
nails, I bite my lip, tell myself "come on ... come on ...".
I
"freeze" in my mind... as if waiting for inspiration, an idea,
something. I hear nothing but an almost inaudible buzz. Time seems to stop
for a few seconds ... Then I feel frustration (perhaps helplessness?) as I
realize I don't know what to do. That even if I did it wouldn't make any
difference, so why bother?
Then the part of
me that hasn't *retired* tries to motivate me. I realize that I know exactly
what to do, and that the reasons for my feeling this way are simply that I'm
not doing it. But I cant be bothered to do it, or am too scared to try with
100% - maybe it wont work? - and as results = intentions there seems little
point in doing anything with less than 100%.
But then I tell
myself "work the plan, that's all you can do, that's all anyone can do.
There are no guarantees!" I feel better, motivated, and decide to start
... later. Always *later*. Now its MUCH *later*...
Later, when I realize I haven't started yet, the pattern starts all over
again ...
Any insights? |
When
you can come to celebrate the experience of being in a rut, the rutty-ness
may disappear and leave it's grin behind.
"All right," said the Cat
and this time it
vanished quite slowly, beginning with the end of the tail, and ending with
the grin, which remained some time after the rest of it had gone.
"Well! I've
often seen a cat without a grin," thought Alice; "but a grin
without a cat! It's the most curious thing I ever saw in my life!"
-- Alice in
Wonderland
Clip: http://hem.spray.se/eva.ekeblad/
swamp/depths/catshire.html
Experience
the Body
and
watch it disappear.
Clip: http://www.incnetwork.demon.
co.uk/chester1.htm
|
|
Fri, 10 Oct 2003
e-TTP - Anger
(from
inter-Tribe correspondence)
I find myself stuck in a relationship where my needs are not acknowledged
and I feel like exploding of rage. I feel like screaming out loud in
anger and throwing everything off. I frown with anger and rage. I contract
my muscles and body in anger and rage. |
A
good receiver can help you stay with your feelings of anger and rage until
you fully experience them.
If
you find yourself "stuck" with a poor receiver, you might check if
you are really willing to have a good one, if you are giving clear requests,
etc.
A
Good Receiver
Is
easy to find
when
you are ready for one.
If
you are not ready,
you
can experience that, too.
Clip: http://www.knpr.org/rrs.html
|
|
Thu, 9 Oct 2003
My Drama
Ed,
If the result is the intention, then on a frequent basis I trade poorly
to bring myself to a state of rage.
This is a common
theme in my TTP sessions too. However, I have yet to feel any satisfaction
from this experience, as if I have not allowed myself to fully experience
the full force of this rage.
The world is a
dark place when I get to this point. I feel worthless just as my mother
screamed at me when I was a small child ... "you are good for nothing,
you do nothing but make my life miserable, I wish I never had you!!!"
I really hate how
this unfolds in my trading. I don't feel like a healthy person when this
happens. I say to myself "what is wrong with me?"
Thanks |
The
twin dogs of Judgment and Unwillingness guard the gates to the house of AHA.
When
you become willing to experience your rage (not the same as acting it out)
and when you can experience it without judgment (hint: experience the
judgment first) then you can get to the AHA.
Even
Twin Dogs can be Friendly
Clip: http://64.246.22.199/gallery/
animals/8014_Twin_Dogs |
|
Thu, 9 Oct 2003
FAQ
Mr. Seykota, you say that "One way to minimize slippage effects is to
trade
infrequently." Would you please clarify what YOU define as
"infrequently?"
Thank you. |
One
way measure trading frequency is to notice if your results are sensitive to
transaction costs.
In
general, if you trade a market a few times a year and hold a position for
months when you are right, transactions costs become irrelevant. |
|
Wed, 8 Oct 2003
Day trading
Dear Mr. Seykota,
You stated that;
“as trade duration decreases, so does the
expectation of profit per trade. There is, however, no associating decrease
in transaction cost per trade. So for increasing transaction frequency, the
profit / cost ratio deteriorates.”
Within the context of this issue there are a number of considerations that,
to some extent, counter these apparent disadvantages to day trading.
1) As transaction frequency increases so does volume traded. As volume
traded increases transaction costs fall due to reduced commission rates.
(brokers tear their commission rates according to the volume you trade. The
volume traded to commission rate correlation is negative.
2) The expected profit is a function of both price change and position size.
Day traders can take larger positions in proportion to equity because
they don’t have to consider overnight price gaps in their assessment
of risk.
I will also point out that although many day traders have gambling
tendencies, some may not. The most consistent day trader in my clan has
gone 8 months without a losing day, 1 year with only 2 losing days and has
been profitable for the last 78 months and counting. He doesn’t fit the
profile of a gambler as I know it. But then he hasn’t been interviewed and
published by Mr. Schwager, so he and his trading record don’t exist to the
people who don’t sit beside him every day and trade. Seeing is believing.
You have also mentioned that pit traders who scalp are the profitable day
traders due to their proximity to the place of trade execution. No doubt you
are speaking from personal experience. Perhaps you know some profitable pit
traders, and certainly your logic makes sense to me. I will add that some
day traders who are not anywhere near the pit also make a living thanks to
the speed of the internet and to perpetually evolving trading technology
(user programmable decision assisting software etc.) My peers and I
trade momentum and generally pay the bid/ask spread to get into and out
of positions. In other words we don’t scalp or trade counter to the
prevailing trend of the day. (To paraphrase Reminiscences of a Stock
Operator - the weapons change but the strategy remains the same).
As an aside, another group of day traders I know are what we call
liquidity traders. They actually earn a living accumulating volume
rebates from ECN’s. The goal is to break even on your P n L while posting
the maximum number of bids and offers. Each bid or offer that gets filled
earns a fraction of a cent per share. (Yes the ECN’s actually pay traders
to post bids and offers because they are competing so fiercely for order
flow and providing liquidity is their primary way of gaining a competitive
advantage, so they pay for it, do a million shares a day on some of these
extremely liquid NASDAQ big caps and it adds up to some decent cash. To me
that sort of trading seems like pure monkey work, but to each their own. For
some it all comes down to the “Benjies” at the end of each day.
Finally, to all those considering a career day trading, my advice to you
is find yourself someone who does it successfully and model yourself on them.
ie. you need a mentor, a guiding light. Day trading requires cutting edge
technology and the stuff immediately available to the public is nearly
useless in my opinion. It helps if someone can show you what the good stuff
is, how to get it, how to program it, who the decent brokers are and on and
on. But most of all you need a person who can help keep your chin up in
those first 6 months to a year while you bleed equity … with no light
in sight. Someone to counter all the voices telling you it can’t be done,
someone to counter the negative signs in your P n L at the end of each day.
Someone to remind you that paying tuition to learn to trade, is just part of
the process, that losing gracefully is vital to success. Obviously that
voice carries allot more weight if it stands as living proof that what you
are trying to do can be done. I believe we all need a mentor, I don’t know
anyone who has made it in this business without one.
With that said Mr. Seykota, I’ll take this opportunity to thank you for
making so many of your insights part of the “Collective Consciousness”.
I have benefited from them as a person and a trader.
Peace and keep up the sharing, I’ll be reading. |
1.
While the "official" commission rate may fall to zero or even
less, the actual transaction cost, including the spread, markup, skid,
recognition delay and error and does not generally decrease with trading
frequency.
2.
As position size increases, transaction costs generally rise due to the
large order effect.
If
you know a consistently profitable day trader you might encourage him to
share his audited track record and method. As far as I know, none such
exists.
Rather
than try to force your chin up, you might consider experiencing it wanting
to go down. Same for markets as for chins.
Tasmanian
Day-Trading Wizard
Rushing
from Trade to Trade
Notice
position of Chin
Clip: www.tasmania.tmfweb.nl
|
|
Wed, 8 Oct 2003
Purchasing Your
Book
Dear Mr. Seykota,
I read in the FAQ section that you had begun printing your book. I would
like to purchase one and would like to know where to go to purchase one.
Thank you very much.
Best regards, |
The
book is not yet in publication. |
|
Tue, 7 Oct 2003
Something
Different
Dear Ed –
Something very weird happened to me. It has nothing to do with trading but
you of all people might be able to make some sense out of it. You are not
obligated to post it either.
One Saturday afternoon I was walking down Bay State Road near Boston
University. I was thinking what was it going to take to get me to stop
playing the game of trading and start scalping the 20,000 odd XXX-XXX
terrorists who want to complete Hitler’s Final Solution. I stopped at the
corner.
There was a
building under construction. I looked at the placard on the chain-link
fence. Hey what do you know, a new XYZ under construction. There was a small
park across the street paid for by some guy Silverstein, another Jew.
The breeze was
blowing, it seemed like a nice place to chill out. There were 10 different
benches to choose from. I sat down at one of them across from some weird
sculpture in the middle. How do they pick this post modernist crap.
I crossed my legs
and my gaze shifted down to the left next to my thigh. There I saw it. I
couldn't believe it. Two swastikas were lightly drawn in grey lead pencil.
It was hard to see because the wood of the bench had also been bleached
grey. The first swastika was drawn wrong but they got the 2nd one right.
I was sitting so
close I could have easily sat on it and would have never seen them. I got up
and examined the other 9 benches. No swastikas on any of them. When I got
home, I called the XYZ and told them. The lady sounded surprised.
"What?" I told her, "we are at war remember? There are still
6 countries in Middle East the want to kill every Jew on the planet.”
I went back a few
days later to make sure I wasn’t delusional. There were white bleach marks
where the swastikas had formerly been. Someone from the XYZ had sanded it
off. |
When
those who offend and those whom they offend become senders and receivers for
each other, drama dissolves.
Four
Forts in One
and
other
Swastika
Symbolism Theories
Hindus revere the
Swastika, as well as OM.
The origins of
both are unclear.
Per Sanskrit
grammar the words Su [good] and Asati [to exist] might combine into Swasti
[welcome, let good-prevail].
In the
conventional type of a fort, the fall of one of the gates to the attacking
army would lead to the Enemy's pouring into the fort and lead to massacre or
capture of all or most of its inhabitants. Under a Swastika configuration,
one of the four gates could fall and still keep at least three-fourths of
the fort safe.
Clip: http://www.hindubooks.org/
sudheer_birodkar/hindu_history/
omkar.html
|
|
Tue, 7 Oct 2003
Fractal Poem
I felt goose pimples and 'worse'
as I read your fractal verse.
For the beach I was not prepared,
at my computer I just stared.
The questions you asked are terse,
yet span the universe.
Tears I was not spared.
The wonder I am glad you shared.
|
Who
reads a poem
and
comes to know it
may
himself
become
the poet.
|
|
Tue, 7 Oct 2003
Beliefs
(Inter-Tribe
Communication)
I cannot find the link between beliefs and feelings.
For instance, I
might choose to believe I can't make money instead of experiencing with the
fear of losing it.
Until I am willing
to experience with feelings I might adopt a "belief system" to
institutionalize the avoidance.
-----
Your Beliefs
You know that one of my regular themes is the power of belief. In
fact, "you will rarely attempt something you don't believe possible and
you will NEVER give 100% of your ability to something you don't believe
possible (or believe in)." Do you believe you have what it takes to
make money in the markets on a consistent basis and over time, not just
today, or this month, but over the next 10 years? If you don't, then it's
time to give this up, before the market takes all of your hard earned money.
Gandhi, who must have developed extraordinary belief, said, "Man often
becomes what he believes himself to be. If I keep on saying to myself that I
cannot do a certain thing, it is possible that I may end by really becoming
incapable of doing it. On the contrary, if I shall have the belief that I
can do it, I shall surely acquire the capacity to do it, even if I may not
have it at the beginning."
I particularly like that last sentence, "I shall surely acquire the
capacity to do it, even if I may not have it at the beginning." Where
do most people miss the boat? They either half-heartedly try to change their
belief system or they don't stick with it long enough. Wallace Watles wrote:
"There is no labor from which most people shrink as they do from that
of sustained and consecutive thought; it is the hardest work in the
world." Yet it is the "sustained and consecutive thought"
that is the first and primary labor of achievement. The gospel writer Mark
attributes this to Jesus: "Therefore I tell you, whatever you ask for
in prayer, believe that you have received it, and it will be yours."
Over time making money in the markets is about 1) Money Management; 2)
Discipline; 3) Belief in yourself; and 4) Timing. With timing being the
least important of the 4. In fact I have heard it said that those that
master the first 2 (I will add to that the first 3), will make money over
time regardless of how well they time things. Think about it! |
There
is no particular link between beliefs and feelings.
Believing
something does not necessarily make it true or make it come true.
A
strong belief can become part of a drama.
When
Fred and CM communicate, you may enter a state of natural knowing.
|
be·lief
( bĭ-lēfʹ)
noun
1.
The mental act, condition, or
habit of placing trust or confidence in another.
2.
Mental acceptance of and
conviction in the truth, actuality, or validity of something.
3. Something
believed or accepted as true, especially a particular tenet or a
body of tenets accepted by a group of persons.
--
MS Bookshelf 2000 |
|
|
un, 5 Oct 2003
TTP -
Indecision
(from some
Inter-Tribe communication)
I intensify (let it go) the contraction/tension in the stomach area up to
the throat and it spreads like a pressure all over the body and the head. I
feel like curling myself and as I let the pressure manifest itself it
resolves into a slight burning feeling in the stomach.
-----
I have a slight tremor and feeling of dismay. Then it manifests itself as a
slight contraction or tension in the stomach area/linings, going up to the
throat.
-----
good, lets just focus on the stomach up to the throat area, intensify the
contraction / tension, turn up the intensity.
What is the texture of the stomach lining up to throat, color, is it hot or
cold (temp). |
Yes.
You
seem to be focusing on your feelings.
Having
a Close Look
at
the one who is looking.
Clip: http://oregonfuture.oregonstate.
edu/gallery/01.html |
|
Mon, 6 Oct 2003
Old Turkey: a
Great Receiver
"There was one old chap who was not like the others...he never
volunteered advice and never bragged of his winnings. He was a great hand
for listening very attentively to the others."
"Old Turkey would cock his head to one side, contemplate his fellow
costumer with a fatherly smile, and finally he would say very impressively,
'You know, this is a bull market!' "
"It was at least the fourth time that John had told him that tale of
woe, but old Turkey was smiling as sympathetically as if it was the first
time he heard it."
Old Turkey. A good receiver always seems to tune in to the right frequency. |
OK. |
|
Mon, 6 Oct 2003
Joining the message board
Dear Sir
I would like to send questions to your message board. Please advise me how I
can do that. I apologize if I missed info on it on your site, but I just
could not figure it out.
Thank you
|
See
FAQ Home Page, above |
|
Sat, 4 Oct 2003
Fun with
Slippage Tests
I use your conservative method of estimating slippage (take the average of
the stop and the worst price of the day) and I also tack on another 20 bps
for commissions.
Many seemingly viable and profitable strategies go bankrupt under
conservative slippage assumptions.
I also notice that strategies without optimized risk management rules become
certain death strategies.
I notice that the optimal bet fraction can easily become to large for
comfort, even though the theoretical heat seems manageable, as drawdowns
increase substantially with conservative slippage assumptions.
I find it enlightening to spend a great deal of time altering slippage
assumptions and seeing the results on various systems.
Thanks for the ideas! |
One
way to minimize slippage effects is to trade infrequently.
Slippage
Theoretical
and Actual
are
two different things.
Clip:
http://mhassel.tripod.com/
pin-ups/bolles.htm |
|
Fri, 3 Oct 2003
Difference between paper game and real trade
Gentlemen
Author suspect ,if
1. Volume of the market is great (es,en )
2. Capital of trader is small (10-25k $),
3. Paper game platform equal of real trading platform
4. Trader have will and specific training in disciplin, execution under
complex and heavy psyhological conditions.
than paper game trading result can be some relevant to real trading result .
Clear that paper game training more as one year is more representativ as
3-month paper game trading . After paper game training performed realy
trading can be started "step by step" from start with small margin
,aftercontrol time if all okay margin can be multiplied. But training in
trading with high margin must be alsow performed in paper game.
Author would very pleased for critic .
|
You
might consider showing your question to some friends to see if they
understand it.
Clear
Writing
reflects
clear thinking
Clip: djl.net/newearthmonkey/ |
|
Fri, 3 Oct 2003
Paper Game
Result Evaluation
Dear Sir,
Some operator have made 100% on fictional capital $25,000 in each of
three consecutive month in electronic paper game by respected futures
broker electronic "paper game" trading. Is it enough ground to
start real trading ? |
Hmmm
... 100% per month with compounding, that's about 409,600% per year.
Before
you act out this drama with real money, you might look at your intentions,
your past results and your willingness to challenge spectacular claims.
You
Can Find
Many
Interesting Things
to
Do With Money
that
do not involve high drama
Clips: http://home.comcast.net/
~mayward1/mothb.jpg
http://members.cox.net/crandall11/
money/sailboat/sailboat.jpg |
|
Fri, 3 Oct 2003
More e-TTP
Suggestions
(from
Inter-Tribe email)
One suggestion:
take 4-5 minutes, close your eyes and focus on your breathing, go through a
hypnotic induction.
Close your eyes, take in a few gentle but full breaths, focus on the deep,
slow inhale and exhale. good. become aware of your hands, arms, feet, legs,
feel how the chair is supporting your body ... as you continue to breathe,
become aware your throat, chest and belly ... give yourself this
suggestion:
Ed always says
that intention is very important ... my intention today is to fully
experience my feelings, my intention today is to open up and start a dialog
with Fred ...
The advantage of a pre TTP routine is that it puts you in a light trance
which helps tone down CM and tune in to Fred.
A set routine also
creates Pavlovian conditioning, so next time using the same induction Fred
gets the message that you wish to start the dialog where you left off last
time.
At the end of your email, do a post routine where you thank Fred for
communicating and let him know that you will be back.
All the Best |
Yes,
a peaceful mood can help Fred and CM communicate. Other moods may also
work - so just go with what presents.
Note:
requiring a peaceful mood may inhibit communications about non-peaceful
issues ... possibly even indicate judgments about confrontation, etc.
If so, then just experience the judgment.
-----
Intention
= Result.
Suggesting
Intention =
Suggesting
Result.
-----
Water
Flows
and
so does Lava
Clips:
http://www.jimwarren.com/
peaceful%20morning.jpg
http://www.pbs.org/edens/
costarica/pics/photos/volcano.jpg |
|
Fri, 3 Oct 2003
TTP -
Indecision
(copy of some
Inter-Tribe e-TTP work)
I have a slight tremor and feeling of dismay. Then it
manifests itself as a slight contraction or tension in the stomach
area/linings, going up to the throat.
Good, lets just focus on the stomach up to the throat
area, intensify the contraction / tension, turn up the intensity.
What is the texture of the stomach lining up to throat, color, is it hot
or cold (temp).
|
Yes,
Parsing feelings into properties can help you experience them.
|
|
Thu, 2 Oct 2003
Another Workshop ?
Dear Mr. Seykota,
I am unable to attend your late October workshop. Will you be holding
another workshop in the future? Thanks for your help.
Regards,
|
The
current Workshop occurs in Reno, October 24-26, 2003.
I'd
like to confirm it as a big winner before adding on to the position.
|
|
Fri, 3 Oct 2003
Emotional
intelligence
Ed Writes: You can invite anyone to a meeting ... even
if they do not trade. Most people have some interest in trading.
People: Generally Abundant all over the Planet
I have been applying the principles of the TTP to my relationships. Last
week, for instance, I talked to mom my feelings about an important issue as
she "received" me with great attention and care. And in
relationships in general, where there is not as much intimacy, I have been
promoting the flow of feelings as well.
|
Yes.
Mothers
Naturally
Good Receivers
Clip: http://www.teachwithmovies.org/
guides/images/cassatt-
mother-child-pastel.jpg
|
|
Thu, 2 Oct 2003
Results
Hi Ed,
A note about the rapid effect of clear positive intention.
Last week in the pre-workshop assignment I wrote that I wanted to manage
more money. I thought and emoted a lot about doing the assignment as a true,
realistic description of my goals.
This afternoon a client called and said, "of the three managers I've
allocated money to, you're doing the best. If you don't mind my asking, how
much are you managing now?" I told him, and he replied, "you
should be managing more money. Send me some marketing material. I have
people I can give it to." He has lots of business and capital contacts,
so this was a nice confirmation of clear intent.
I imagine my goal now is "Make some Marketing Materials" !
regards,
|
Yes.
Intention
= Result
Clips: www.kn.pacbell.com/wired/
democracy/debtquest.html
|
|
Thu, 2 Oct 2003
Our 1-st
Meeting
NY group #2 met last night. We did serious work.
Pain >>> Tension >>> Fear >>> All relentlessly
AMPLIFIED until ... EPIPHANY >>> Laughter >>> Reflection
followed by the Wonder that we had witnessed a young man's unconscious
punching a hole into our conscious experience.
The sender entered the room hesitant and doubting. He left transformed,
having transformed us all.
Best rgds,
|
Yes.
|
|
Wed, 1 Oct 2003
Answer from
Toronto
re Questions
from Minneapolis
Images and memories are not feelings. Memories are about the past, feelings
are happening now. At the beginning of the process, if a memory does appear,
perhaps use it to help find a feeling. If someone in the hot seat is getting
right into a feeling and a memory pops up, we in the group recognize that as
CM and we have the person focus back on the feeling.
Some meetings are more productive than others. Overall, our trend has been
towards much greater productivity. As the process evolves to a greater focus
on the physical feelings, things seem to be flowing better.
We are on a hot seat aha streak – 5 for 5. If the person in the hot seat
is CM focused for this particular meeting, move on to the next person. The
hot seat can be viewed like your driving license - as a privilege not a
right!
I hope this helps. Good luck and feel free to contact me at any time with
any questions.
|
Yes.
|
|
Wed, 1 Oct 2003
Questions from
Minneapolis
Hello,
Hope all is well with everyone. I am writing to ask other tribes a few
questions:
1. We have had a tendency to explore images and memories which tend
to come up during the TTP process. Very seldom do they seem to go anywhere.
Is it a mistake to explore those? Is the memory irrelevant, or just a
by-product of exploring the feeling?
2. Some meetings seems very productive and some are not. Is this
common? Is TTP an organic process that cannot be forced?
3. How often does the individual in the hot seat experience an AHA?
We are always interested in the experience of others and appreciate any
input you can provide.
Thanks,
|
1.
Anything can serve as an entry point for TTP. Once you get going, the
receiver (s) can help focus the exploration toward feelings.
2.
Productivity seems to correlate with intention to express feelings, rather
than discuss logical matters.
3.
During a session an individual may experience several AHA's - and the
receiver (s) may get some too.
AHA's
Occur
When
Fred and CM Connect
This
may happen
for
both senders and receivers.
Clip: http://clear.msu.edu/
dennie/clipart/smile.gif
|
|
Wed, 1 Oct 2003
Identifying and
Experiencing
As more feelings come up, and I am quicker to befriend them, I notice
that identifying a feeling is not the same as experiencing it.
Identifying a feeling might lead to a quasi-aha..."Oh yeah, no wonder
I've been sabotaging my trading! Now if I can only identify what causes this
feeling, then I'll have it all figured out."
Indeed, an identified feeling that has not been experienced tends to get
analyzed by CM in an attempt to identify its source. This leads to more
confusion and psychical entropy.
I note that Fred doesn't press CM for any explanations. Fred doesn't try to
figure out how CM optimizes position sizing algorithms.
CM makes an agreement with Fred in which reasons are optional;
"OK Fred, I see that you just want to hang out, so it's time we become
good friends. I won't ask you why you come up with these feelings, I'll just
listen to what you have to say and I won't try to label your input positive
or negative. Meanwhile, let's celebrate!"
When CM stops bickering with Fred, they like to hang out and have a good
time. |
Yes.
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Wed, 1 Oct 2003
Up 100%
Dear Ed,
Sorry I have not written in a couple of weeks. I am going through charts
like mad. Check my positions out. Not bad for the first day in these stocks.
I will see if they can hold trends for a little while. The market has been
choppy! As of today my account is up over 100% to $225,000 from about
$100,000 at the beginning of the year. I have only broken 100% in 3 previous
years. This might be psychological. I want to break this barrier. Too
tired now must chart more. Write later. Thanks again. |
You
might track your volatility as well as your returns and calculate a
composite such as Sharpe or Sterling ratio.
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Wed, 1 Oct 2003
00:39:23 -0300
e-TTP
Doing TTP by e-mail is not the same as doing it in a physical intentional
community as it is a lot more difficult to get positive results out of a
virtual, "cold" meeting because we are limited to communicate
feelings through words and images. And so I consider this option just an
alternative to those traders who are having problems to set up a physical
intentional community, say, like having no traders around as it is my
case.
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You
can invite anyone to a meeting ... even if they do not trade. Most
people have some interest in trading.
People
Generally
Abundant all over the Planet
Clip: http://www.aaos.org/
wordhtml/gifs/people.gif
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