Tuesday, 6 December 2016

Colombo Stock Exchange Trade Summary 06-Dec-2016

Quote for the day

"The foundation stones for a balanced success are honesty, character, integrity, faith, love and loyalty." - Zig Ziglar

Monday, 5 December 2016

Sunday, 4 December 2016

Inside The Trader's Brain: Decision-Making and Emotional Arousal

By Brett Steenbarger, Ph.D.

For years, behavioural finance researchers have been aware that people's decision making is greatly affected by how choices are framed. For instance, the same monetary bet framed as a choice between a certain vs. risky gain and a certain vs. risky loss elicits very different choices. (We tend to take certain gains, but will seek risky losses to avoid certain loss). 

Studies using functional magnetic resonance imaging (FMRI) find that we expend less cognitive effort in taking a sure gain than in choosing risky gains, sure losses, or risky losses. It may well be that traders don't let their profits run simply because they take the easy way out cognitively. Conversely, traders may be reluctant to set and follow stops because of the greater cognitive effort required.

It turns out, however, that this taking the easy way out and avoiding difficult decisions may not be a function of laziness. A very interesting investigation coming out of the Institute of Neurology at University College London finds that the framing effect on decision making is mediated by an emotional centre within the brain: the amygdala. This is the same brain centre that cognitive neuroscientist Joseph LeDoux has linked to our response to stress and trauma.

The implications are significant. When blood flow is directed away from the brain's executive centre, the frontal cortex, and the amygdala and associated emotional centres are activated, we are likely to underutilised those executive functions--reasoning, judgement, planning--and respond to our (emotional) framing of choices with a lack of effort. Going with our feelings might just be the reason we don't think through our choices.

It is also likely that we frame our choices differently during periods of focus/concentration vs. emotional arousal. Stressful episodes in the market, activating the amygdala, are likely to elicit a framing that is different from the careful trade planning we conduct when we are cool and calm. Research, for instance, finds that fear and anger colour our decision making about preparing for terrorism-related risks. Emotional factors have also been found to colour decision making about economic choices.

This helps to explain why I have found biofeedback to be extraordinarily helpful for traders who experience emotional disruptions of decision making. By working with traders in stressful situations and having them control their level of arousal during these episodes, biofeedback enables them to retain access to their executive capabilities. In a very important sense, successful traders train their brains for accurate decision-making under stressful circumstances.

Sometimes, looking back on our trading decisions, we wonder if we were in our right minds. How accurate that concern turns out to be! Some of the best trading psychology interventions are the ones that keep us in our right minds as we make decisions under conditions of risk and uncertainty.

Quote for the day

"Before you criticize others, remember, they may not have had the same opportunities in life as you have had." - F. Scott Fitzgerald

Saturday, 3 December 2016

Every Country’s Tourism Slogan

Albania – Go your own way!
Algeria – Tourism for everybody
Andorra – The Pyrenean Country
Antigua and Barbuda – The beach is just the beginning
Argentina – Beats to your rhythm
Armenia – Visit Armenia, It is Beautiful
Australia – There’s NOTHING like Australia
Austria – Arrive and revive
Bahamas – Life Is Grand
Bahrain – Ours. Yours. Bahrain
Bangladesh – Beautiful Bangladesh
Barbados – Brilliant Barbados
Belarus – Hospitality Beyond Borders
Belgium – The place to be
Belize – Mother Nature’s Best-Kept Secret
Bhutan – Happiness is a place
Bolivia – Bolivia awaits you
Bosnia and Herzegovina – The heart of SE Europe
Botswana – Our pride, your destination
Brazil – Brasil – sensational!
Brunei Darussalam – A kingdom of unexpected treasures
Bulgaria – A discovery to share
Burundi – Beautiful Burundi
Cabo Verde – No stress
Cambodia – Kingdom of wonder
Cameroon – All of Africa in one country
Canada – Keep exploring
Chad – Oasis of the Sahel
Chile – All are welcome
China – China Like Never Before
Colombia – Colombia is magical realism
Costa Rica – Essential Costa Rica
Croatia – Full of life
Cuba – Autentica Cuba
Cyprus – Cyprus in your heart
Czech Republic – Land of stories
Denmark – Happiest place on Earth!
Djibouti – Djibeauty
Dominica – The nature island
Dominican Republic – Dominican Republic has it all
Ecuador – All you need is Equador
Egypt – Where it all begins
El Salvador – The 45 Minute Country
Estonia – Epic Estonia
Ethiopia Land of origins
Fiji – Where Happiness Finds You
Finland – I wish I was in Finland
France – Rendez vous en France
Gambia – The smiling coast of Africa
Georgia – For the best moments of your life
Germany – Simply inspiring
Greece – All Time Classic
Grenada – Pure Grenada
Guatemala – Heart of the Mayan World
Guyana – South America Undiscovered
Haiti – Experience It!
Honduras – Everything is here
Hungary – Think Hungary more than expected
Iceland – Inspired by Iceland
India – Incredible !ndia
Indonesia – Wonderful Indonesia
Iran – You Are Invited
Iraq – The Other Iraq (Kurdistan)
Ireland – Jump into Ireland
Israel – Land of Creation
Italy – Made in Italy
Jamaica – Get All Right
Japan – Endless discovery
Jordan – Yes, it’s Jordan
Kazakhstan – The land of wonders
Kenya – Magical Kenya
Kiribati – For travellers
Kyrgyzstan – Oasis on the Great Silk Road
Lao People’s Democratic Republic (Laos) – Simply Beautiful
Latvia – Best enjoyed slowly
Lebanon – Live Love Lebanon
Lesotho – The Kingdom In The Sky
Liechtenstein – Experience princely moments
Lithuania – See it! Feel it! Love it! Real is beautiful
Luxembourg – Live your unexpected Luxembourg
Macedonia – Macedonia Timeless
Madagascar – A genuine island, a world apart
Malawi – The warm heart of Africa
Malaysia – Truly Asia
Maldives – The sunny side of life
Malta – Truly Mediterranean
Mauritius – It’s a pleasure
Mexico – Live It to Believe It
Micronesia (Federated States of) – Experience the warmth
Monaco – Easy going Monaco
Mongolia – Go Nomadic
Montenegro – Wild Beauty
Morocco – Much mor
Mozambique – Come to where it all started
Myanmar – Let the journey begin
Namibia – Endless horizons
Nepal – Once is not enough
Netherlands – The original cool
New Zealand – 100% Pure
Nicaragua – Unica. Original!
Nigeria – Good people, great nation
Norway – Powered by nature
Oman – Beauty has an address
Pakistan – It’s beautiful, it’s Pakistan
Palau – Pristime Paradise Palau
Panama – Panama Surprises
Papua New Guinea – A million different journeys
Paraguay – You have to feel it!
Peru – Land of the Incas
Philippines – It’s more fun in the Phillipines
Poland – Move your imagination
Portugal – Europe’s West Coast
Qatar – Where dreams come to life
Republic of Korea (South Korea) – Imagine your Korea
Republic of Moldova – Discover the routes of life
Romania – Explore the Carpathian garden
Russian Federation – Reveal your own Russia
Rwanda – Remarkable Rwanda
Saint Kitts and Nevis – Follow your heart
Saint Lucia – Simply beautiful
Saint Vincent and the Grenadines – Discover SVG
Samoa – Beautiful Samoa
San Marino – San Marino For All
Saudi Arabia – Experience to discover
Serbia – My Serbia
Seychelles – Another world
Sierra Leone – The freedom to explore
Singapore – Your Singapore
Slovakia – Travel in Slovakia – Good idea
Slovenia – I feel SLOVEnia
Solomon Islands – Seek the unexplored
South Africa – Inspiring new ways
Spain #spainindetail
Sri Lanka – Wonder of Asia
Suriname – A Colorful Experience… Exotic beyond words
Swaziland – A royal experience
Switzerland – Get natural
Syrian Arab Republic – Always Beautiful
Tajikistan – Feel the friendship
Thailand – Amazing Thailand. It begins with the people
Timor-Leste – Being first has its rewards
Tonga – The true South Pacific
Trinidad and Tobago – The true Caribbean
Tunisia – I feel like Tunisia
Turkey -Be our guest
Tuvalu – Timeless Tuvalu
Uganda – You’re welcome
Ukraine – It’s all about U
United Arab Emirates – Discover all that’s possible
United Kingdom of Great Britain and Northern Ireland – Home of amazing moments
United Republic of Tanzania – The land of Kilimanjaro, Zanzibar and the Serengeti
United States of America – All within your reach
Uruguay – Uruguay natural
Uzbekistan – Naturally Irresistible!
Vanuatu – Discover what matters
Venezuela – Venezuela is your destination!
Vietnam – Timeless charm
Zambia – Let’s explore
Zimbabwe – A world of wonders

Source: www.familybreakfinder.co.uk