Top Traders Unplugged OI19 BONUS: Living With Ed Seykota ft. David Druz
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Nov 3, 2025 David (Dave) Druz, a former commodity trader, shares his fascinating journey of living with legendary trader Ed Seykota for six months. He highlights Seykota's unique, psychology-focused approach to trading, emphasizing instinct and presence over systems. Dave recounts successes and psychological struggles while mimicking Seykota's style, revealing the pressures of performance in trading. The conversation also explores optimal bet sizes, emotional resilience, and the importance of aligning trading strategies with personal psychology.
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Six Months Living With Ed Seykota
- Dave Druz lived with Ed Seykota for six months as his first apprentice and traveled with him while observing his methods.
- Druz emphasizes that much of the learning came from simply hanging out and watching how Ed behaved rather than formal instruction.
Custom Tools, Discretionary Decisions
- Ed built custom programs to present data but made discretionary decisions from charts rather than running automated signals.
- Druz stresses Ed is a technical discretionary trader, not a systematic algorithmic trader.
The Mouse-Drawing Market Prediction
- Druz recounts Ed drawing a hypothetical bar with his mouse and the market moved exactly as drawn the next day.
- He highlights Ed's uncanny ability to anticipate market action that can't be programmed.
