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.
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?
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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?
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Let me answer the easy one first;
and the more difficult ones last.
MtZianos;
Partial disclosure =I am into discretion/redemption more than deep religion.
a] Lets discuss voting/victory for Bush in another forum.
z]How could a discretion/redemption trader buy derivatives or stock in the oil/gas sector. which may drive the the price up on buying , or down by selling.
Z again] Its sort of like shooting gamebirds @55 or more miles per hour;
practice practice,practice
pay attention to the wind/trend,
give away a certain %%. Its not easy.
Ps
MtZionas , you must not have had a banker Dad like mine;
he lived these last 3 lines with me & bro.
The lazy man roasteth not that which he took in hunting;
but the industrious man reaps a rich harvest.
Solomon,trader king & proverbs.
Proverbs is located in the table of contents; hope this helps like Bright trading says.
