Tuesday, September 19, 2006

Spiritual Angle to Trading

Does a person’s spiritual approach affect performance in the stock markets ? It is a debatable point. We all know about Warren Buffet’s generous philanthropic gesture in donating most of his hard-earned fortune to the Bill and Melinda Gates foundation. Money is important but probably not as much as many make it appear. Several successful traders routinely give away a good percentage of their trading profits.
Other things to be noted is that Greed is punished remorselessly. It is alright to expect to earn huge sums of money. But overdoing it may attract punishment.
Unfortunately, there is no proof or measurement that so much greed attracts so much punishment, but such issues are interesting and need to be contemplated nevertheless !

Many profitable traders routinely give out a part of their earnings in charity. But for those who are just starting out, you do not have to face this issue yet !
Patience is a strong virtue in the securities markets. Nothing valuable can be earned in a tearing hurry. Everything has to be methodically earned. Even if you manage to earn a huge sum in a short while, it will be lost in no time since the ego makes sure you squander. Easy come, easy go, they say !
At the end of the day, one has to remember that desperation only leads to chaos.

The moral of the story is that one must treat the securities markets as a serious game and money can be earned with the right knowledge, right approach and at the right timing.

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