traders who are deeply religious

I heard a woman who is deeply religious and she trades as if she is the agent of the god. She assumes all her works are required by the god, not herself. So she can detach herself from the market. This seems to be a good method for the emotional control. Of course, this method can only be used by religious people.:D
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jmho

She may accomplish profitable trades because she is hypnotizing her mind. Remember that trading is about 'mind game'?

Anyway, using God as an excuse is a very dangerous approach.
She is either
1. Bribing God (a terrible sin for a religious person: she will do charity IF He lets her to win)
2. Self entitling as the 'one who can understand' His Design for Earth. (another deadly sin for a religious person, like the 'blasphemic' thought that of all people He needs her actions to perform charity.)

The moment she 'loses', she loses money and faith all at the same time.
When that happens, what will be left for her?
Nothing. Emptiness. Void. Suicide.

Religious people 'know' that prayers are a form of showing gratitude for His giving them life. Religious people know that God knows everything and that they need not ask Him. Prayers are a form of telling God "Thank You For Whatever He Gave Them". Prayers are definitly not for bribing or for asking Him for a favor, especially a monetary favor.

Mixing trading with anything else reveals weakness in:
1. childish mind structure (can't take decisions whithout hand holding)
2. mind confusion, inability to accept things as they are.
3. the need to 'win' at whatever price even to bribe God with prayers.

Such a person is not fit to live in a totally free environment such as the trading environment.

If someone needs 'extraneous' help then why not:
Online Trading is a Computer Game.
You pay to play.
If you play it well, you get a fat bonus.
With this mindset there will never be losses.

Not even the great Mark Douglas could have thought of that!
:D

I think I am going to the Patent Office and Copyright those Words of Widsom.
:D
 
Quote from cooldude:

jmho

She may accomplish profitable trades because she is hypnotizing her mind. Remember that trading is about 'mind game'?

Anyway, using God as an excuse is a very dangerous approach.
She is either
1. Bribing God (a terrible sin for a religious person: she will do charity IF He lets her to win)
2. Self entitling as the 'one who can understand' His Design for Earth. (another deadly sin for a religious person, like the 'blasphemic' thought that of all people He needs her actions to perform charity.)
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Both of these are wrong. Bribing God? How do you know her heart? You don't - no one can, and no one does except God. Perhaps God has gifted her to be a trader, like he has gifted others to be doctor's, lawyers, carpenters and tent makers.

His Design for Earth? That's easy and it's been laid out for everyone in the bible. By saying that anyone who does this is committing a deadly sin and being blasphemous shows how little you know about scripture.
 
i don't believe praying changes anything. it may bring comfort but that's about all. 2 traders in opposite direction trades may pray for the same thing but only one will have his prayers 'answered'. so anyone looking for a system, pray...it's 50% right always...
 
Quote from capitansexton:

i don't believe praying changes anything. it may bring comfort but that's about all. 2 traders in opposite direction trades may pray for the same thing but only one will have his prayers 'answered'. so anyone looking for a system, pray...it's 50% right always...
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That is the whole point about praying to God for profits.
The two opposing sides are asking God for two opposing outcomes.
What would you do in His place?
Tell them to f*k off and let Him do more important things than having to waste His time listennings to the whims of some sinner money lover.

Asking God for money?
Bribing Him with prayers? Again, prayers are to show gratitude, not for sort of bribes like (now if You give me money I'll help the poors!).

If only they ask for peace, health,...altruistic things instead of money!
Religious people do not trade because they believe in His Providence.
Even not understanding the Will of God (if there was such and entity) I would say that money is certainly not His way to solve the problems of this world.
Money is a recent invention. Mankind exists for ages.
:eek:
 
Quote from KingsSon:

Actually, it's not recorded anywhere in scripture that Paul said this.

I believe the verse you are referring to is James 2:17 - "Faith without works is dead, being alone." James, the (half) brother of Jesus was stating that if you claim to be a disciple of Jesus, you had better have the corresponding action to back it up.

To the OP - I believe I am deeply religious, and yes that I can handle the pressure better because of it.

The Lord is my strength... in Him do I trust.
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Thank you.
 
Cooldude is obviously trolling...

but if he were to have read Matthew 25:16.... he'd at least be less ignorant troll.

- Talas
 
I read somewhere that religious people tend to be happier and more content in the aggregate than those who are not religious. I don't believe that the article referred to fanatical worshippers, if memory serves. I do not know if the observation was a valid one, but I suppose it makes some sense if you think about it. Belief in a greater, benevolent being may not make someone a better trader from one trade to the next, but it may serve as a backstop or source of comfort for those encountering difficulty. It may give them the strength to continue whereas someone who does not believe (and has lost faith in himself) may give up the will to continue. It may help some people to persevere (which may or may not be a good thing, depending on other variables). Ideally, when someone does well, it should encourage the person to show humility. Unfortunately, some "believers" who have done well assume that they are the "chosen" ones.

In the final analysis, I suppose it could be a good thing or a bad thing, depending on how you play it. Either way, I will never know for certain because I am a dyed-in-the-wool atheist ("agnostic" in polite company).
 
I always thought of trading and religion as very incompatible ventures. Or even "investing". I'm talking about the Christian religion here, which I know something about.

E.g. how could a religious trader buy oil or nat.gas? knowing that by driving its price up, it might become unaffordable for some poor folks.

Or, how could a religious fellow speculate in stocks that would benefit financially from a natural disaster? (remember some thread of Tsunami stocks some time ago here in ET?)

By taking this to the extreme, how could he invest in gambling industry, or tobacco or porn industry? (at the mutual fund level, I've heard there are "politically correct" islamic funds which exclude some industries). Would a daytrader check all stocks that are breaking-out in his stock-screening software to prevent buying such a stock?

Going even further, how could a religious person e.g. vote for Bush and his gang?

I always pictured a deeply religious person selflessly devoting his gifts and resources to help fellow human beings. Help relieve pain, offer comfort etc. "Do the right thing" etc

I would understand it, if a deeply religious person became a doctor or a nurse or a fireman or teacher, or go help starving kids etc, but a trader?
 
Quote from mtzianos:

I always thought of trading and religion as very incompatible ventures. Or even "investing". I'm talking about the Christian religion here, which I know something about...
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That is your personal assessment. The thing about religion and faith is that it is, effectively, what people want it to be. Look at all of the disparate viewpoints even among scholarly "experts" of the same faith.
 
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