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The best method is to examine the difference between process and content. Classical sciences have
always tended to deal with content. "My head, it hurts" is an example of how the classical sciences divide everything into three parts: 1. The observer. 2. The thing being observed. 3. The process of observing Modern sciences (relativity, quantum physics, and the Science of Chaos) do not create or condone this separation. A quantum scientist would report, "I am in the process of headaching myself "—a much more accurate description. Modern science does not believe there is any such thing as nouns. Everything is energy and all energy is process. Buckminster Fuller titled his autobiography I Am A Verb. This distinction between process and content will become very important to our proficiency at dealing with the market. In general, we are educated to be goal-directed, making what isn't more important than what is. We make lists of our goals, plan them out, and then neglect the present and live, in our head, in the future. The problem with living in the land of goals rather than the land of now is that when we center our attention on the future, we cannot concentrate on or even accurately observe what is happening now. We can't dance well while thinking about how we are dancing. We can't trade well when we're planning what we are going to do (trade) tomorrow. Living in the now is a necessity to good trading. Living in the now is another way of saying: Pay attention to process rather than future goals or desires. One way of living in the now is to make sure that all our observations (or as many as possible) are based on "grounded versus ungrounded" assessments. Again, this is not an economic, fundamental, technical, or mechanical approach. It is a behavioral approach using only market-generated information. |
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