| Ed Seykota |
Article Index for Ed |
Website Links For Edward |
Information AboutEd Seykota |
|
He has been profiled in " Market Wizards " by Jack D. Schwager and " Trend Following " by Michael Covel . He pursues a Trend Following strategy that was created with absolute returns in mind. CAREER In 1970 he pioneered System Trading by using early punch card computers to test ideas on trading the markets. TRADING TRIBE He is pioneering a process called the Trading Tribe Process. The Trading Tribe is an association of people who commit to excellence, personal growth, and supporting and receiving support from each other. The members of the Trading Tribe trade roles, becoming, in turn senders and receivers for each other. He calls this practice the Trading Tribe Process (TTP). TTP is a collection of educational technology to facilitate personal growth. This process has evolved over more than a decade. CONTROVERSIAL CLAIMS CONCERNING PHYSICS
Seykota maintains a website in which he apparently denies the validity of the Bernoulli Principle and other well-established laws of physics. Seykota refers to his theory as ''the theory of radial momentum''. He writes: The classic theory of airplane lift is all about wing curvature ... and that, according to Bernoulli's Principle, fast-flowing air has lower pressure. In 1997, after pondering this matter for some twenty years, Ed Seykota concludes that lift has nothing at all to with Bernoulli's Principle ... rather, lift is a function of Radial Momentum ... the radial fanning out of a fluid lowers its density ... and therefore, the pressure decreases with the distance from the center of radiation. Seykota's account of his "theory" appears to be too vague to admit criticism. For example, he claims that for spherical expansion, ''pressure is inversely proportional to the square of the radius''. But according to mainstream physics, this statement is incomplete, since we are not told what is expanding (ideal gas?) into what (vacuum?), nor whether the pressure is varying spatially as well as varying over time, and if so, where he is trying to evaluate the pressure. His response (on his own website) to being listed at crankdot.net was I receive numerous emotional objections to the Theory of Radial Momentum, almost none of them specifying any specific deficiencies. Typically, a radical and correct theory receives disapproval for quite some time. Eventually a champion with scientific credentials comes along to support the theory and take credit for it. REFERENCES
EXTERNAL LINKS
|
|
|