Skip to main content

BELIEFS

Beliefs create definitions, make distinctions, and shape our perception of environmental information by programming our senses to hear, see, and select information that corresponds with what we believe. Our experience of the environment will correspond to the choices we make, and these choices will correspond to the information that is perceivable.

People think of their beliefs and subsequent experiences as a fact of reality instead of a belief about reality.

The perception and the experience have to match up because we can't experience something that we don't know about yet, unless we are open to the possibility that what we believe might be very limiting in relationship to what the environment is offering.

Beliefs define the parameters in which we perceive environmental information. All definitions by definition create boundaries. Beliefs will manage information in various ways to maintain a balance between the inner and outer environment. Any perceived imbalance will result in some degree of either stress or illusion. In maintaining a balance, many of our responses to environmental conditions are automatic because our beliefs make the response seem self-evident, when, in fact, under any given set of environmental conditions alternate experiences exist along side of the experiences our beliefs locked us into.

Beliefs do exactly what they are supposed to do. They limit our awareness of data so that we can learn in stages. If we believe that things exist in only one particular way, then our beliefs will act as a natural mechanism to block the acceptance of any conflicting information.

Considering or accepting any new or conflicting information would open up choices that we ordinarily would not have to consider. Too many choices too soon can cause confusion and mental overload.

Comments

Popular posts from this blog

CAN A FIRM ALWAYS SPOT THE NEXT GREAT TRADER?

 No. But a prop firm can tell who has a poor chance to become a CPT. To be good at anything will take everything you have. Not having developed the skills to work hard is a turn-off. Trading is a skill learned by doing, not just by reading a lot, theorizing, or the faux art of “paper trading.” THE PROS AND CONS OF RECRUITING EXPERIENCED TRADERS Loyalty is a good thing to a point, but it cannot trump logistics and reality. losing money should really bother you. If I am negative three days in a row, I spend a long evening on my couch with a bottle of red wine and comfort food. As traders, we can all recite the memorable line from Wall Street: “A man looks in the abyss, there is nothing staring back at him. At that moment he discovers his character. That keeps the man out of the abyss.”  Traders don’t talk about how they want to trade, what they want to read about trading, or how they wish they could talk about trading. Traders trade, read about trading, and talk about trading.

Reading the Tape

 Dr. Steenbarger, aka the godfather of modern trading psychology, wrote: “My experience is that an understanding of (and ability to read) order flow is one important factor that separates the older, successful generation of day traders from the newbies who only know simple chart patterns and indicator readings.” continue working on the skill of reading the tape and to sell the stock on the offer when the tape showed weakness. “Reading the tape must be learned through personal experience and long observation.” keep in mind that nothing can top experience. Don’t give up. It is not always this easy to Read the Tape. But there are plays where it really is simple. And reading the tape will offer pattern recognition plays that you can exploit. Overcoming a Confirmation Bias We all fight confirmation bias. But it will harm our performance if we do not overcome it. Let the tape talk to you. And use online vehicles like StockTwits and your peers sitting next to you to gain second ...
 All great leaders in every walk of life are highly sexed, but they follow the habit of controlling their sex desires, switching them into a driving force behind their occupation. The person who has self discipline understands the emotion of sex, respects it, and learns to control and transmute it into contructive activities. Q: Just what damage is there in over-indulgence of sex? A: The greatest damage is that it depletes the source of man's greatest driving force, and wastes, without adequate compensation, man's creative energy. Controlled sex supplies the magnetic force that attracts people to one another. It is the most important factor of a pleasing personality. It gives quality to the tone of voice and enables one to convey through the voice any feeling desired. It serves, as nothing else can serve, to give motive power to one's desires. It keeps the nervous system changed with the energy needed to carry on the work of maintaining the body. It sharpens the imagination...