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I wish all sheriff's had their heads screwed on this straight.
CW
---steinbr@xxxxxxxxxxxx wrote:
>
> If any of you wonder what is the oldest recorded instance of a
commodity
> trader you ought to check out Genesis 41. The accumulation and
> distribution function of the market place has worked well for
centuries.
>
>
http://bible.gospelcom.net/cgi-bin/bible?language=English&version=NIV&search
> =&passage=Genesis+41
>
> As Sheriff, I questioned the relevancy of the "666" discussion that
had
> recently taken place. Perhaps some of you misinterpreted my
admonition. I
> simply questioned the whether anyone had shown the relevancy. Most
traders
> are affected by religion -- either because of their faith or their
> rejection of it.
>
> Trading requires guts and confidence. It requires one to think
clearly when
> you are in the midst of the storm. Thinking clearly is what
everyone (well
> almost everyone) of us can do when paper trading. Then, and as ALL
> experienced traders remember, you put on that first trade. Sitting in
> front of the real time screen your hands tighten, your pumps as the
trades
> goes against you and you lose briefly any rational thinking you once
had
> applied when paper trading or just following the market as a
spectator. You
> may even stutter when you give the closing order to the trade.
>
> Whether your first trade was a winner or not doesn't matter. The
loss a
> control when the trades goes against you or the false sense of
control you
> get when the trade goes your way say much about life. In the moment
of the
> trade, there is or can be the awareness that you are in a chaotic
moment
> where fait rules.
> You made money and it was no work at all or you lost money for no
reason
> and you right. It where the trader needs a rule of life outside that
moment
> to guide him. There is a place for religion. For some, the
religion is a
> mechanical system but even in this instance the person has to have the
> confidence and guts to trade the system and suffer the large draw
downs.
>
> The word religion comes from a Latin word meaning "to bind fast to".
It
> clearly deals with attitudes -- predetermined patterns of behavior.
In
> trading, nothing could more important than predetermining what you
will do
> -- binding fast to predetermined ways of behavior. For this reason,
many
> of us prefer mechanical systems. You hear people say they follow
their
> system faithfully or that they never trade without stops. This is
exactly
> that. Ironically, religion is just as important when "winning".
When a
> trader says he is winning he has shown his arrogance and will fall
shortly.
> When a trader starts counting his profits it is time to go flat.
Your
> attitude is wrong.
>
> Why is it you can give a successful trading system to two people and
one
> will make money and the other will go bust?
>
> Religion is important. Before a person enters trading, the whole of
his
> existence must be at peace, uncluttered with inner controversy. He
must be
> reconciled. He must be bigger than the moment of the market you
trade and
> "big" is not measured in dollars. There should be no conflicts of
> priorities that he must struggle with. He must know what is the most
> important thing in his life -- what are you willing to die for? As a
> minimum,without this decision made you will invariably get caught up
in the
> moment of the market.
>
>
> Who here can express what part religion plays in their trading?
>
>
>
>
>
> Charles Kaucher
>
> At the risk of offending those who shudder at the mention of Christ,
this
> is one of my sig files:
>
> Behold, how independent of outward circumstances the Holy Ghost can
make
> the Christian! What a bright light may shine
> within us when it is all dark without! How firm, how happy, how
calm, how
> peaceful we may be, when the world shakes to
> and fro, and the pillars of the earth are removed! - Charles H.
Spurgeon
>
>
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