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charles meyer wrote:
>
> 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.
In my view, what counts is the ability to modify behavior on a constant basis,
which is the consequence of shifting beliefs or priorities. Not being able to do
so will lead you into forever repeating ineffective patterns.
As for the beliefs per se, you always do your best obviously, but your best
may not be useful or effective enough. Hence the need to evolve and explore new
avenues. Experience will allow you to convince yourself of the need to change.
Now as far as reality is concerned, it is only a reflection of our own state of
mind. A market goes up or down? Well it depends on time frame, perspective,
filters etc... A 60 min upmove may mean a lot to a day trader, but nothing to a
commercial.
That is my current belief, and it has been damn effective...!
Gwenn
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