OI19 BONUS: Living With Ed Seykota ft. David Druz
Top Traders Unplugged
Ed's Approach to Big Drawdowns and Heat
Dave asks about drawdowns and shares Ed's view that large bet sizes and big daily drawdowns are part of pursuing optimal returns.
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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