Thursday, August 21, 2003
Tip# 79
A New Framework for Observing the Market
Part Two
by Van K. Tharp
Last week we opened the discussion that all models about the market come from you to some extent. And when you realize that all concepts of the market are made up, it means that you can make up new ones.
New frameworks for perceiving the market can you give you a tremendous advantage in trading. Until those ideas reach a critical mass, they allow you to think about the markets in ways that are not shared with other similar minds. Discussing new frameworks for observing markets would probably extend this tip into a book. Instead, I would like to suggest the following exercise to help you extend your thinking about markets to a non-ego viewpoint.
Write down on paper the central issue you are currently struggling with in the market. Also, write down a question concerning that issue you would like answered.
Get in a comfortable position, close your eyes, and bring your attention to your breath. Notice the air coming in and going out. After a while, notice how the air just seems to come in and go out by itself.
Look behind your eyes and watch your mind at work. You will see thoughts entering your consciousness and waiting for you to acknowledge them.
As each thought enters, acknowledge it and let it pass. This is like watching a ticker tape or a moving billboard. Give no value to any thought. Do not try to either reject it or hold on to it. Simply let each one enter, walk through your mind and leave. And if you find yourself holding on to a particular thought, just move your attention back to your breath.
After 10-15 min. when you feel centered and at peace, open your eyes and just start writing about the issue that came into your mind. Just write without even thinking about what you're putting down. And continue until you "feel" finished.
Close your eyes again and allow the central idea or concept that comes to your mind from the reading to expand in your mind. Ask questions about how this answers your question about the market. Again, write down what comes to you.
A New Framework for Observing the Market
Part Two
by Van K. Tharp
Last week we opened the discussion that all models about the market come from you to some extent. And when you realize that all concepts of the market are made up, it means that you can make up new ones.
New frameworks for perceiving the market can you give you a tremendous advantage in trading. Until those ideas reach a critical mass, they allow you to think about the markets in ways that are not shared with other similar minds. Discussing new frameworks for observing markets would probably extend this tip into a book. Instead, I would like to suggest the following exercise to help you extend your thinking about markets to a non-ego viewpoint.
Write down on paper the central issue you are currently struggling with in the market. Also, write down a question concerning that issue you would like answered.
Get in a comfortable position, close your eyes, and bring your attention to your breath. Notice the air coming in and going out. After a while, notice how the air just seems to come in and go out by itself.
Look behind your eyes and watch your mind at work. You will see thoughts entering your consciousness and waiting for you to acknowledge them.
As each thought enters, acknowledge it and let it pass. This is like watching a ticker tape or a moving billboard. Give no value to any thought. Do not try to either reject it or hold on to it. Simply let each one enter, walk through your mind and leave. And if you find yourself holding on to a particular thought, just move your attention back to your breath.
After 10-15 min. when you feel centered and at peace, open your eyes and just start writing about the issue that came into your mind. Just write without even thinking about what you're putting down. And continue until you "feel" finished.
Close your eyes again and allow the central idea or concept that comes to your mind from the reading to expand in your mind. Ask questions about how this answers your question about the market. Again, write down what comes to you.
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