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Hi Charles
Sorry Charles I can't agree. Indeed I believe one of the major
reasons traders fail has its origin on "subjective reality". This is why
I took issue with Gerry and Norm.
At the end of the day it is how closely our beliefs accord with
reality that determines our long term success as traders.
Let's say I determine that a certain date will be a major turning
point - that's perception - my belief.
What the market does - that's reality. No matter what I believe,
unless I act in accordance to that reality, ultimately I will fail as
a trader.
It is true a trader needs empowering beliefs to succeed
e.g.
unless a trader believes enough in himself to place an order,
he'll never be a successful trader - no order no trade.
One aspect of reality in this instance is that the "beliefs influence
on my actions" - this is an aspect of the reality of being human -
this is very different to saying that beliefs are reality
----------
> From: charles meyer <chmeyer@xxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: GEN PSYCHOLOGY
> Date: Saturday, January 31, 1998 3:27 AM
>
>
> Couldn't help but jump in here with my two cents about the validity of
> beliefs.
> I think it has been demonstrated that beliefs do not necessarily need to
> be valid in order to be useful. For example, many have pointed to Carl
> Jung's
> writings on astrology as a valid basis for that belief system. Jung gave
> natal
> astrology charts to some of his patients to work with in an effort to get
> to
> know themselves. Whether or not he "believed in astrology" is irrelevent
> for
> the purposes of that being a useful tool for his patients road to self
> discovery.
>
> The same can be said for financial astrology; and I am not disputing the
> logic
> that the interaction of the earth, sun and moon can influence the water
in
> our
> brains just as it does the tides. There is also some empherical data to
> back
> up these ideas ala that more crime is committed during full moons, more
> hemoraging (sp) during surgeries, etc. But that's not the issue. If
> getting
> out that emhemeris and looking at correlations gives a trader that extra
> confidence he needs to pull the trigger on a trade that is going to be a
> winner
> because of all other previously assimilated information; then it is
useful.
> In this case it's not the validity of financial astrology what is
> important; only
> the belief of the trader in its efficacy.
>
> Charles.
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