Belief is beyond Positive Thinking. Belief is the origin of all achievements. http://thesecretstory.com/LarryKingLive.html If you don't believe you can do it, even if someone gave you the "Holy Grail", it won't do you any good. I would propose, if you believe in the "system", it will do you more good than say, to have a "system", but you don't believe it would work.
Sure TUMS. Follow the hilarity (if you can) in Spydertrader's Jack Hershey Futures Trading Magnum Opus.
There is no holy grail. There is no strategy that would beat the markets every day. There is no perfect way to approach trading. That's a myth, the sooner you realize this the best off you'll be. instead of wasting time looking for a holy grail... use your time working on your psychological weaknesses... get to know your fears and the enemies within... learn to adapt to ever changing market conditions, making creative strategies that you can adapt when the market adapts to your strategy... learn to develop tactics that will allow you to implement those strategies, learn to manage your risk so that you can survive while you're adapting to the markets... learn how to learn from the market... learn to be quiet as a mouse when entering the market [don't call for any unwanted attention...]... and learn to listen to what everyone else is doing. the market will adapt to any holy grail you throw at it... any edge loses it's sharpness as time goes by... ohh yeah, one more thing: above all... remember to have fun.
You said it, here is an example for all of us: Alice Coachman This was indeed an incredible person, she had a back problem, banned from training by her own country, endured humiliation by her piers and even had to make her own equipment to join her team in High School ! and on top of all that she wins the Gold Medal in 1948 Olympics, she was the only American to do it in that year, WAO ! That is a pure genuine example of BELIEF BEYOND POSITIVE THINKING. imho
<i>"A scientific based belief system is exactly the opposite. Belief comes last, after things are proven. Belief first = irrational."</i> In the not-too-distant past, existing science knew that the earth was flat. The same science knew that our sun and other planets revolved around the earth. It knew that breathing night air caused illness or death, and blood-letting was an effective cure-all for what ailed you. How'd that all work out? Science is a relevant study... there are many scientists here who think they have all the answers, which closes their mind to a negative bent. <i>"Tech analysis doesn't work, chart indicators don't work, day-trading doesn't work, info vendors are all scam artists, discretionary methods can't work,"</i> etc ad nauseam we read every day. Pretty much akin to the rulers of old who had people that dared offer a different verse of their "science" put to death.
why it makes no difference if you let a system out... http://groups.google.com/group/misc...s+author:fowler&rnum=4&hl=en#ad6210f80809669d