|
PureBytes Links
Trading Reference Links
|
TC & Mark wrote:
>
> Norman,
>
> One's perception of the market is not necessarily REALITY.
Mark,
I will elaborate. The collective Perception of the trading community IS
the reality of the market. Once upon a time when I was trading on the
CBOE, my Astro work told me that National Semi-Conductor was going to
have good earnings but that they would be prone to overconfidence or
overstatement. I bot the stock, the earnings came out at 5 cents per
share when only 1 cent per share was expected, the stock had a big
rally, and I got out for a very nice profit. A month or two later, the
company announced that they had made some accounting errors and
over-stated their earnings. They had really only earned 1 cent per
share. But, no one came to me and ask me to return the profit I had made
because of the overstatement of earnings. At that moment, PERCEPTION WAS
REALITY. Anyone who significantly differs with this concept is doomed as
a trader.
Perceptively,
Norman
...and
> traders act out their PERCEPTIONS and INTERPRETATIONS which goes to
> create a MARKET...and your PERCEPTIONS, due create your REALITY...and
> we are all just bit actors in each others REALITIES.
>
> "Life is a tale told by an fool, full of SOUND and FURY...signifying
> NOTHING!" Shakespeare.
>
> Philosophically,
>
> Mark Seflin
>
> | ray,
> | In the market, PERCEPTION IS REALITY.
> |
> | Perceptively,
> |
> | Norman
|