OI19 BONUS: Living With Ed Seykota ft. David Druz
Top Traders Unplugged
Optimal Bet Size Theory
Dave and Ed's work on optimal bet size is introduced; Dave discusses its implications and that optimal sizes are larger than most accept.
Dave Druz spent six months living with Ed Seykota - not shadowing a trading system, but watching a way of being. In this bonus episode, he shares what that experience revealed: a style built on instinct, pattern, and total psychological clarity. No screens. No signals. Just presence. Dave tried to trade that way himself - made 300%, unraveled, and walked away. What emerges is less a portrait of Seykota than a meditation on the limits of imitation, the pressure of performance, and the discipline it takes to trade like yourself - especially after witnessing someone who doesn’t.
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Episode TimeStamps:
02:21 - Introduction to part 2
02:57 - Anecdotes from Druz' time working with Ed Seykota
06:46 - The best trader the world has ever seen
17:13 - The optimal bed size
21:24 - What Druz learned from working with Seykota
24:42 - Key lessons for managing drawdowns
26:54 - How does one gets to become an apprentice of Ed Seykota
31:58 - Living with Ed Seykota
34:16 - Seykota's 10.000 dollar cookie mania
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