Trader’s prayer

Over at Forex Project, a trader by the name of Bill has posted a Trader’s Prayer. To summarise, the prayer asks the Lord to grant him (or her) WISDOM, SELF-DISCIPLINE, PATIENCE, COMMON SENSE, INITIATIVE, EMOTIONAL BALANCE, HUMILITY, DEDICATION, COMMITMENT, UNDERSTANDING, and GOOD SENSE.

My trader’s prayer will be known by many:

God, grant me the serenity to accept the things I cannot change;

courage to change the things I can; and

the wisdom to know the difference.

Living one day at a time;

enjoying one moment at a time;

accepting hardship as the pathway to peace.

According to Wikipedia, the prayer is used widely in Alcoholics Anonymous groups, and in other 12-step programmes. It hits home as I attribute a large portion of my losses to a possible gambling addiction. Also, the first portion of the prayer can also be directly related to the probabilistic nature of the markets, to the notion that even after you have researched a trade and are as sure as you possibly can be that the price should follow a particular path, very little in the markets can be predetermined with certainty.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s