OI19 BONUS: Living With Ed Seykota ft. David Druz
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 712 Ratings
🗓️ 2 November 2025
⏱️ 43 minutes
🧾️ Download transcript
Summary
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
Copyright © 2025 – CMC AG – All Rights Reserved
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | What's your biggest drawdown, you know, like in his trading? |
| 0:11.0 | And he thought for a while, as well, that's how he would talk, well. |
| 0:16.0 | I don't think I've lost more than 50% in a day. |
| 0:21.6 | I mean, it's like, wow, I mean, this is a guy who probably has made more money trading |
| 0:29.6 | return-wise. |
| 0:31.6 | And it's like he knows if you want to get the optimal return, you have to push that bet size and the heat has to be |
| 0:40.0 | high and most people can't do it, but if you're wrong and you're too far, you're going to wipe out. |
| 0:45.3 | It's like, don't do this at home kits kind of thing. |
| 0:50.6 | Imagine spending an hour with the world's greatest traders. |
| 0:54.3 | Imagine learning from their experiences, their successes, and their failures. |
| 0:58.8 | Imagine no more. |
| 1:00.7 | Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund managers in the world |
| 1:06.6 | so you can take your manager, due diligence, or investment career to the next level. |
| 1:11.5 | Before we begin today's conversation, remember to keep two things in mind. |
| 1:15.5 | All the discussion we'll have about investment performance is about the past, |
| 1:19.2 | and past performance does not guarantee or even infer anything about future performance. |
| 1:24.2 | Also understand that there's a significant risk of financial loss with all investment |
| 1:28.0 | strategies, and you need to request and understand the specific risks from the investment |
| 1:32.6 | manager about their product before you make investment decisions. Here's your host, veteran hedge fund |
| 1:38.3 | manager, Nealz Kostrup Larson. Welcome to another episode in the Open Interest Series of Larsen. |
| 1:50.2 | Welcome to another episode in the Open Interest Series on Top Traders Unplocked, hosted by Moritz Siebert. |
| 1:51.7 | In life, as well as in trading, maintaining a spirit of curiosity and open-mindedness is key, |
... |
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