Sunday, 25 September 2016

52 Ways to Be Rich Without Being Wealthy

Money is only one form of wealth. You’re rich when you realise some of the best things in life are free.
  1. Remain rich in moral character
  2. Marry the love of your life
  3. Stand up for your beliefs
  4. Achieve life balance
  5. Enjoy quality family time
  6. Cherish freedom
  7. Feel comfortable being yourself
  8. Make a difference in others’ lives
  9. Follow your own advice
  10. Build win-win relationships
  11. Strive to become a better person
  12. Make memories
  13. Be a trusted friend
  14. Remain honest with yourself
  15. Enjoy a passion for life
  16. Say “yes” because you want to
  17. Raise good kids
  18. Live with honor
  19. Make others feel special
  20. Have faith in something greater than yourself
  21. Live within your means
  22. Do things for the right reasons
  23. Earn the respect of your peers
  24. Enjoy being guilt-free
  25. Have a small bucket list
  26. Work hard and achieve your goals
  27. Have a sense of purpose
  28. Think the grass is greener on your side of the fence
  29. See the good in others
  30. Feel proud of yourself
  31. Beat the odds
  32. Form your own opinions
  33. Receive a clean bill of health
  34. Have few regrets
  35. Be happy for the success of others
  36. Feel comfortable being alone
  37. Give thanks for the little things
  38. Enjoy worry-free days
  39. Celebrate many anniversaries
  40. Achieve success with humility and grace
  41. Be a positive role model
  42. Live in the present
  43. Believe
  44. Maintain self-respect
  45. Bring out the best in others
  46. Build close friendships
  47. Fulfill your potential
  48. Help those in need
  49. Rarely worry about making ends meet
  50. Remain self-reliant
  51. Give more than you take
  52. Go to bed with a clear conscience

Are You Rich?

Quote for the day

"To be successful you have to be selfish, or else you never achieve. And once you get to your highest level, then you have to be unselfish. Stay reachable. Stay in touch. Don't isolate." - Michael Jordan

Saturday, 24 September 2016

Five Keys to a Peak Performance Mindset for best trading

By Brett Steenbarger, Ph.D.

What is the right mindset for best trading?  Here are five ideas, drawn from successful traders I've known and admired:

1) An open mindset -
Traders succeed when they see things that others don't. Sometimes those are overarching themes and trends; sometimes they are short-term patterns in market behaviour. To see things differently, we need a mind that is open to new and different information and open to shifts in market behaviour.

2) A quiet mindset -
Minds filled with noise can't process new information. When we're focused on ourselves and our profits/losses, we're no longer focused on markets. We can't exercise self-control in our actions if we are not able to sustain control over our thought processes.

3) A constructive mindset -
Losses happen. We miss opportunities. The great trader learns from mistakes and embraces the lessons from drawdowns. If every day brings wins from trading or wins from learning, there is always something of value to be taken from each day.

4) A positive mindset -
It's because we cannot count upon our profits and losses to make us happy that we need to lead a fulfilling life outside of trading. A life that is filled with meaningful activities, fun activities, activities that bring us close to others, and activities that give us energy is most likely to provide us with the emotional fuel needed to power through challenging market times.

5) An action mindset -
All the best ideas and intentions will get us nowhere if we aren't prepared to act upon them. The action mindset is one focused on plans, translating excellent ideas into excellent risk/reward opportunities. Preparation is idea-focused, but also execution-focused. It is as important to work on our implementation of ideas as our generation of them.

The above criteria form a useful checklist for making sure you're in peak performance mode. The right mindset won't, in itself, bring profits, but the wrong mindset can ensure losses. At the end of the day, trading requires skill in the processing of information. When we work on our mindset, we keep our information processing engine well-tuned.

25 of Life’s Most Powerful Lessons

It’s important for you to believe in yourself, stand up for the principles that you hold dear, and see the world for what it really is, not what you want it to be. Don’t be afraid to embrace change, confront uncertainty, and face the unknown. For these things are ways of life. Make sure to be bold, follow your heart, and dream BIG. As Walt Disney once said, “All our dreams can come true if we have the courage to pursue them.”

Here are 25 of Life’s Most Powerful Lessons excerpted from Follow Your Conscience:

  1. “Listen to your conscience. That’s why you have one.”
  2. “Happiness is not a matter of intensity, but of balance.”
  3. “Your reputation is like a shadow, following you wherever you go.”
  4. “You gain more by making others look good than by singing your own praises.”
  5. “Many people are actually poor because the only thing they have is money.”
  6. “The purpose of life is a life of purpose.”
  7. “Life is the sum of all the choices that you make.”
  8. “Everything has a price, but not everything should be for sale.”
  9. “Tough times say a lot about us. Let’s hope that they say only good things about you!”
  10. “Respect is priceless. Earn it every day!”
  11. “While toxic food is bad for your health and well-being, so are negative and unethical people.”
  12. “Where you’ve come from is less important than where you’re going.”
  13. “Little footsteps in the sand usually follow larger ones, so watch where you step.”
  14. “The goal shouldn’t always be adding, but also subtracting from daily tasks.”
  15. “Trust takes a long time to develop, but can be lost in the blink of an eye.”
  16. “It takes many years to become an overnight success.”
  17. “Your promise should be as binding as a contract.”
  18. “When kids grow up, they hear their parent’s voice in their subconscious. Make sure it’s positive.”
  19. “Paradise is not a place, it’s a state of mind.”
  20. “Saying ‘no’ to one idea enables you to say ‘yes’ to another.”
  21. “While determination builds character, quitting is habit forming.”
  22. “Always tell the truth –– or the truth will tell on you.”
  23. “Don’t be satisfied to be a bystander in your life story.”
  24. “Real wealth is achieved by appreciating what you already have in life.”
  25. “Believe in the impossible. And then prove it CAN be done.”

Quote for the day

"We are what we repeatedly do. Excellence, then, is not an act, but a habit." - Aristotle

Friday, 23 September 2016

Colombo Stock Exchange Trade Summary 23-Sep-2016

Quote for the day

"One of the most tragic things I know about human nature is that all of us tend to put off living. We are all dreaming of some magical rose garden over the horizon instead of enjoying the roses that are blooming outside our windows today." - Dale Carnegie