Perhaps you are taking my statement to an extreme that I never mean't. I will try to put it in more practical terms. Not philosophical terms. I know from experience that wedge tops in certain contexts usually have a reversal of sorts. Because of that belief, based on experience, i will place a trade "believing" that the probabilities of a reversal are higher than not. So, i take a position based on that information and "belief" if you wish to call it that. However, lets say there is no reversal instead there is a fast B.O. to the upside. I find myself in a quagmire. The market in this case is contradicting my belief. So i have to now make a new decision that I otherwise would not have to make. Will I continue in my belief and hold my position allowing my loss to compound or will i trade what I see the market doing? The proper thing ...at least for me...is i get out immediately because my belief about the wedge top in this particular instance was wrong. So I trade what IS. That is all i mean't by my statement. There are many beliefs, about many setups, in many contexts, but in the final analysis what counts, isn't my belief, but it is what the market actually does do. Many traders hold onto losses until they become unbearable because their belief about what "should" be happening doesn't agree with what IS happening but they deny the reality and hold onto a loss. I am not a philosopher but am just a pragmatic trader. That is all I mean't. Of course we trade on belief. But about 40 to 60 percent of the time the market will act in ways that contradict our beliefs. When that happen we have a new decision to make based upon reality taking place in front of our eyes. If the market is in a bull trend then IT IS regardless of any belief i may have that say it should be in a bear trend. Funny thing is i can show you an example of a market, on the same time frame, that is simultaneousley in a range..in a bull trend.. and also in a bear time all at the same time. It is like being on a road in the mountains...up and down...and on one particular stretch you would swear you are going uphill but stop put the car in neutral ...take your foot off the brakes ....and the car rolls backwards. Belief and perception often times contradict reality.