Monday, 31 October 2016

Colombo Stock Exchange Trade Summary 31-Oct-2016

Quote for the day

"The mark of a great man is one who knows when to set aside the important things in order to accomplish the vital ones." - Brandon Sanderson

Sunday, 30 October 2016

Keep These 8 Tips In Mind If You Want To Achieve Anything In Life

By Deans Vaksman

Ever had this passion, this burning desire to achieve something unique and specific? You think about it when you go to school, when you leave for work, even when you take your dog out for the daily walk, it’s there in your mind, thumping on your thoughts like a bag thumping against your back whenever you move. You most probably had, we all did, and we all still do. A dream is one way to call it.

Yet, how very few of us act on these compulsions? And of those who do, how many truly commit to it, in good and in bad, only to achieve their ever desirable goal? You probably guessed it, few to none. But you will be surprised to hear that this amazing achievement is not too far out of reach, no matter how far and difficult it may seem all the way from the starting line. It’s all in the mind, you could say, and here are a few important tips that should guide you through this difficult seeming path:

1. Commitment is key

You’re at work, cleaning those dishes, submitting your daily paperwork, or have been staring at the computer screen for over two hours, and then, without a moment’s notice, this amazingly original book idea pops to your mind. You write it down on a small note and put it in your pocket. Now you can’t wait for the work day to end, you are motivated beyond all comparison. This will be your big break, the one you have been dreaming on for so long.

You arrive back home, drink your coffee, eat your meal, and take a warm shower. You get to your room and stare blankly at your computer’s desk. Nothing. The moment is gone, along with your idea and all of your vast talent. You beat yourself down and blame the long working hours for this misfortune.

Well, this is a wrong way to look at it. Although important, you cannot count solely on motivation if you want to achieve your desirable goal. What you need is commitment. Commitment to sit down on that desk, despite your lack of mental energy. To wear those jogging shoes, although you feel numb and tired after your daily nap. There can be hundreds of examples, but truly, all you need is to buckle up and get to work.
2. It’s all about the journey

You can’t expect to have a smooth trail, a compass, and a big old X down on the map, leading you all the way up to the finish line. We all want to climb to the very top of the mountain but instead decide on going around it, despairing when realizing that there’s no lift or an unseen shortcut. And to be honest, wouldn’t it be boring if it was that easy?

Instead of straining your eyes so to look at the far ahead destination, look around you, and you may just find that the adventure is not half bad by itself. Learn, experience, improve, and to put simply: stay in the moment. Before you know it, you will be halfway there.
3. A positive mind, a positive result

This one goes without saying right? “Stay positive,” we hear it from everyone. Whether we are tired, anxious, or plainly just having a bad day. Well, surprise, surprise, there’s a reason for it. Positive thoughts will serve as the fuel to your adventure. They will keep you wanting to experiment, to experience, and will push you out of the box, and help you perform better with your work.

Doubts, on the other hand, won’t help you achieve a thing, and if at all, may hinder your performance or plainly push you from your rightful course.

If you want to achieve your goals, just “stay positive”.

4. Don’t make it easy on yourself

We all sometimes hate leaving the every familiar comfort zone. It is our domain, our realm, and we know each and every sharp turn, and jump above every obstacle with relative ease. But you can’t expect to achieve what you don’t have by staying where you are.

Don’t let fear keep you down. Get out, challenge yourself even on the risk of failing. We learn best from failing, and so very little from succeeding. That is why achieving your dream is a long journey in the first place. Didn’t manage to jump above that pole? Don’t throw the gloves down and walk away, put it back up and try again!

5. Distractions are the enemy


You sit down next to the computer screen, ready to write your best-selling novel, feeling strong and motivated. You manage to get a sentence in there until, suddenly, you feel your phone vibrating in your pocket. You don’t know who it is, and it might be important right? Could be that girl you’ve been texting with for a while now. You take it out and give it a shallow stare. Just a quick look, just a small break maybe.

Next thing you know, you’ve not only engaged in a long, meaningful conversation, now you’ve started talking with more friends, and even took the liberty to start watching these funny youtube videos that you’ve been getting. An hour and a half passes, you take a deep breath, and finally, decide to put the phone down and get to work. You look at the screen, and nothing, you are all worn out.

Bottom line. Want to achieve your goals? Avoid distractions as best as you possibly can.
6. Look and plan ahead

Until now, you’ve been working unstably. When out and unavailable, you suddenly feel extremely positive and motivated, and when at home, numb and tired. Little are the times that you feel motivated while actually being physically available. That is why you need to plan your schedule ahead. You know that you feel best at the mornings? Then make a clear window in your schedule, and let it be the first step to achieving your dreams.

Not available in the mornings for some reason? Well, at least clear some time during evening time, and try to dedicate at least two mornings for your own goals.

7. Take advantage of every situation

Let’s face it. We cannot possibly clear our schedules completely and dedicate every minute solely for achieving our goals. We have our school studies, work, volunteer works and a hundred of other things in our life. But we can make the best of every situation.

Filling paperwork at the office? Take this time to reflect on your ideas, observe the other workers, something might pop to your mind any second now. Inspiring to be an athlete? Eat well and avoid the junk food during the long work hours, squat, and do push-ups whenever you get a free window.

No excuses, take action anywhere you can.

8. Achieve, but beware of wearing yourself down

Bearing all other tips in mind, this one is probably one of the more important of them. If you feel tired and weak, always give yourself a breathing windows and take a break. Don’t burn out your mind, body, and try to claw your way to the summit. Many people do that mistake, straining themselves, confusing it for dedication.

Pushing yourself over the edge won’t bear any fruit, and if anything, will just hinder your progress. You can’t beat a dead horse and expect it to move, so to speak.Source: www.lifehack.org

Quote for the day

"He who is not everyday conquering some fear has not learned the secret of life." - Ralph Waldo Emerson

Saturday, 29 October 2016

New Research Says There Are 4 Basic Types of People. Which One Are You?

According to a recent study, 90 percent of us are either optimistic, pessimistic, trusting, or envious. Guess which group was the biggest.

By Justin Bariso

How trustworthy are people? How far do we trust one another?

That's what researchers set out to discover. In a recently published study, scientists from a number of universities in Spain analyzed the responses of 541 subjects to a variety of social dilemmas. Individuals were grouped into pairs and prompted to make decisions that led to collaboration or conflict.

Studies like this are nothing new. If you're familiar with the study of human behaviour,you'll recognise this work's connection with game theory. In his book, Game Theory: Analysis of Conflict, American economist Roger Myerson defined game theory as "the study of mathematical models of conflict and cooperation between intelligent, rational decision-makers."

In other words, game theory is a way of analysing the behaviour of people when they face a dilemma, and the resulting decisions they make.

But what makes this series of experiments interesting is what the researchers did next: They developed an algorithm to help classify these individuals into specific groups, to see what they could learn from an outside perspective.

How It Works

One popular model that's used in game theory is known as the prisoner's dilemma, which goes something like this:

Two gang members are arrested and put in solitary confinement, without the means to communicate with each other. There's not enough evidence to convict the pair, so prosecutors offer each prisoner a deal: He can betray his partner by testifying against him, or cooperate by remaining silent.

The offer is:
  • If both criminals betray each other, they each serve two years in prison.
  • If A betrays B but B remains silent, A is free to go but B must serve three years in prison (or vice versa).
  • If both criminals remain silent, they go free.
Many variations of the prisoner's dilemma are played out every day in real life, and the results aren't so easy to predict.

In this series of experiments, the situations varied in complexity. "Those involved are asked to participate in pairs. These pairs change, not only in each round, but also each time the game changes," explained one of the authors of the study, Anxo Sánchez (via Science Daily).

"So the best option could be to cooperate or, on the other hand, to oppose or betray ... In this way, we can obtain information about what people do in very different social situations," said Sanchez.

And here's where it gets good: Using the algorithm they developed, the researchers organised 90 percent of the subjects into four groups:

Optimistic: This group works on the assumption that they and their partner will make the choice that's best for all.

Pessimistic:
These people generally expect the worst from their partner and tend to select the option that is viewed as the lesser of two evils.

Trusting: This group tends to cooperate out of goodwill, even if doing so provides no benefit to them.

Envious:
These individuals don't care what they achieve, as long as it's better than the others.

So how many subjects ended up in each group?

You might be surprised to discover that three of the groups--optimistic, pessimistic, and trusting--were roughly made up of the same amount of people, 20 percent.

In contrast, the envious group was the largest, made up of about 30 percent of the participants.

"The really funny thing is that the classification was made by a computer algorithm that could have obtained a larger number of groups, but which has, in fact, produced an 'excellent' rating in four personality types," explained Yamir Moreno, a professor at the University of Zaragoza (one of the universities that participated in the study).

Additionally, the algorithm classified the remaining 10 percent of the subjects into an "undefined" group, in which it was "unable to classify in relation to a clear type of behaviour."

Parting Thoughts


Unfortunately, the experiment seems to indicate that a lot of people you meet today are selfish and out for themselves.

But you should also know that additional research indicates that the most successful people are those who actually give of themselves, putting others' interests ahead of their own.

So maybe the question shouldn't be about to which group you currently belong.

Rather, which group do you want to fall under?
www.inc.com

Quote for the day

“Don’t join an easy crowd; you won’t grow. Go where the expectations and the demands to perform are high.” - Jim Rohn

Friday, 28 October 2016

Colombo Stock Exchange Trade Summary 28-Oct-2016

Quote for the day

“Don’t wish it was easier, wish you were better. Don’t wish for less problems, wish for more skills. Don’t wish for less challenge, wish for more wisdom.” - Jim Rohn

Thursday, 27 October 2016

Tuesday, 25 October 2016

Colombo Stock Exchange Trade Summary 25-Oct-2016

Quote for the day

"Success is achieved by developing our strengths, not by eliminating our weaknesses." - Marilyn vos Savant

Monday, 24 October 2016

Colombo Stock Exchange Trade Summary 24-Oct-2016

Quote for the day

"Failure is not a single, cataclysmic event. You don't fail overnight. Instead, failure is a few errors in judgement, repeated every day." - Jim Rohn

Sunday, 23 October 2016

10 Things Successful People Never Do Again

By Henry Cloud

We all make mistakes but the people who thrive from their mistakes are the successful ones.


“Never go back.” What does that mean? From observations of successful people, clinical psychologist and author of Never Go Back: 10 Things You'll Never Do Again (Howard Books, June 2014), Dr. Henry Cloud has discovered certain “awakenings” that people have—in life and in business—that once they have them, they never go back to the old way of doing things. And when that happens, they are never the same. In short, they got it.

“Years ago, a bad business decision of mine led to an interesting discussion with my mentor,” Dr. Cloud says. “I had learned a valuable lesson the hard way, and he reassured me: ‘The good thing is once you learn that lesson, you never go back. You never do it again.’

“I wondered, what are the key awakenings that successful people go through that forever change how they do things, which propel them to succeed in business, relationships, and life? I began to study these awakenings, researching them over the years.”

Although life and business have many lessons to teach us, Dr. Cloud observed 10 “doorways” of learning that high performers go through, never to return again.

Successful people never again…

1. Return to what hasn’t worked.

Whether a job, or a broken relationship that was ended for a good reason, we should never go back to the same thing, expecting different results, without something being different.


2. Do anything that requires them to be someone they are not.


In everything we do, we have to ask ourselves, “Why am I doing this? Am I suited for it? Does it fit me? Is it sustainable?” If the answer is no to any of these questions, you better have a very good reason to proceed.

3. Try to change another person.

When you realise that you cannot force someone into doing something, you give him or her freedom and allow them to experience the consequences. In doing so, you find your own freedom as well.

4. Believe they can please everyone.


Once you get that it truly is impossible to please everyone, you begin to live purposefully, trying to please the right people.

5. Choose short-term comfort over long-term benefit.

Once successful people know they want something that requires a painful, time-limited step, they do not mind the painful step because it gets them to a long-term benefit. Living out this principle is one of the most fundamental differences between successful and unsuccessful people, both personally and professionally.

6. Trust someone or something that appears flawless.


It’s natural for us to be drawn to things and people that appear "incredible." We love excellence and should always be looking for it. We should pursue people who are great at what they do, employees who are high performers, dates who are exceptional people, friends who have stellar character, and companies that excel. But when someone or something looks too good to be true, he, she, or it is. The world is imperfect. Period. No one and no thing is without flaw, and if they appear that way, hit pause.

7. Take their eyes off the big picture.


We function better emotionally and perform better in our lives when we can see the big picture. For successful people, no one event is ever the whole story. Winners remember that—each and every day.

8. Neglect to do due diligence.

No matter how good something looks on the outside, it is only by taking a deeper, diligent, and honest look that we will find out what we truly need to know: the reality that we owe ourselves.

9. Fail to ask why they are where they find themselves.


One of the biggest differences between successful people and others is that in love and in life, in relationships and in business, successful people always ask themselves, what part am I playing in this situation? Said another way, they do not see themselves only as victims, even when they are.

10. Forget that their inner life determines their outer success.


The good life sometimes has little to do with outside circumstances. We are happy and fulfilled mostly by who we are on the inside. Research validates that. And our internal lives largely contribute to producing many of our external circumstances.

And, the converse is true: people who are still trying to find success in various areas of life can almost always point to one or more of these patterns as a reason they are repeating the same mistakes.

Everyone makes mistakes…even the most successful people out there. But, what achievers do better than others is recognise the patterns that are causing those mistakes and never repeat them again. In short, they learn from pain—their own and the pain of others.

A good thing to remember is this: pain is unavoidable, but repeating the same pain twice, when we could choose to learn and do something different, is certainly avoidable. I like to say, “we don’t need new ways to fail….the old ones are working just fine!” Our task, in business and in life, is to observe what they are, and never go back to doing them again.
Source: www.success.com

Quote for the day

"Greed is a bottomless pit which exhausts the person in an endless effort to satisfy the need without ever reaching satisfaction." - Erich Fromm

Saturday, 22 October 2016

The 5 Holy Grails of Trading

By Steve Burns

“The Holy Grail is not what you would expect it to be. It is something that is different for each person. It’s a hidden secret you have to discover for yourself but it is obvious once it is realized.” - David Mobley, Sr.

Most new traders go on a quest for “The Holy Grail” of trading. They want the can’t lose system that prints money. Many believe that rich traders know the secret and keep it to themselves. The secret is that there is no “secret” system or methodology that always wins. There are many robust systems, but no 100% winning system, not even close. The big secret is that many of the best traders in the world have about a 50% win rate, and many of the best systems have around a 50% win rate (or less) with each entry.

Winning traders do have helpful secrets, but many new traders argue about these principles are difficult or don’t work, despite the fact that they come from seasoned and experienced professionals. 

Here are five real Holy Grails; they aren’t the answer alone, but put all five together and they can make a significant difference in a trader’s career.

  1. Big wins and small losses. With a 3:1 risk/reward ratio you can be a winning trader with a 33% win rate.
  2. Never lose more than 1% of your total trading capital in a single trade. This brings your risk of ruin down to almost zero, and turns the volume of your emotions down to a manageable level. This risk management rule causes a trader to be disciplined in their position sizing and stop loss placement.
  3. A trader must follow a robust mechanical system or trade with a rule based methodology that gives them an edge. You have to trade with a long term winning strategy and understand why it wins.
  4. Disciplined traders are the ones that eventually make the money and keep it, because they are able to take their entries and exits without being blocked by their egos or emotions.
  5. Traders don’t survive without perseverance. If one thing is the “The Holy Grail” of trading it’s perseverance. All the legendary traders decided they were going to be traders. They did what they had to do to be successful in the business. They put in the time and paid the price to win.
“Its hard to beat a person who never gives up.” - Babe Ruth

Quote for the day

"Curiosity is one of the most permanent and certain characteristics of a vigorous intellect." - Samuel Johnson

Friday, 21 October 2016

Colombo Stock Exchange Trade Summary 21-Oct-2016

Quote for the day

"The spirit, the will to win, and the will to excel are the things that endure. These qualities are so much more important than the events that occur." - Vince Lombardi

Thursday, 20 October 2016

Colombo Stock Exchange Trade Summary 20-Oct-2016

Quote for the day

"People grow through experience if they meet life honestly and courageously. This is how character is built." - Eleanor Roosevelt

Wednesday, 19 October 2016

Colombo Stock Exchange Trade Summary 19-Oct-2016

Quote for the day

"Losers live in the past. Winners learn from the past and enjoy working in the present toward the future." - Denis Waitley

Tuesday, 18 October 2016

Monday, 17 October 2016

Colombo Stock Exchange Trade Summary 17-Oct-2016


Quote for the day

"There is no medicine like hope, no incentive so great, and no tonic so powerful as expectation of something tomorrow." - Orison Swett Marden

Sunday, 16 October 2016

7 Brutal Life Lessons Everyone Has to Learn Multiple Times

How many times does it take, really?

By Nicolas Cole

How many times does it take to learn the same lesson?

Life is not a checklist. It is a practice. The thing with knowledge is that it can decay if left ignored--and that goes for anything. Just because you did it once does not mean it won't happen again. Or just because you were once great at something does not mean you will forever be great at it. Everything in life takes practice.

Some of the hardest life lessons repeat themselves over and over again, and it's on each and every one of us to be reflective enough to witness them happening in the moment--so that this time around, a different decision can be made.


1. The "Easy" Road Ends Up Being More Difficult

This is probably one of the earliest "big" lessons we learn.

When something seems too good to be true, it usually is. Handouts don't happen. Free things aren't really free. As one of my mentors would say, "If you tell me quick and easy, I think long and difficult."

The reason a path looks "easy" is because it hides its difficulties in plain sight. And you choose the easy road because you did not take the time to really understand what it was you were looking at. Sometimes we do this by accident; sometimes we do it on purpose (despite all the red flags we may or may not want to acknowledge). But regardless, the lesson is one we all have to learn time and time again--the "easy" road is rarely easy. In fact, it usually ends up being more difficult than if you had just done things the right way from the beginning.

2. The Roller Coaster of Love Needs a Speed Limit

A lot of people have trouble with this one.

You know those relationships that start out going a million miles an hour? The ones where you stay locked in their apartment for three days straight staring into each other's eyes? The ones where you start talking about spending your whole lives together after only three months? Those loves are hot, and fiery, and full of passion.

They're also usually the first to go crashing into a wall and exploding into a million pieces.

Love is a roller coaster--and it's supposed to be. But one of the hardest lessons to learn is how to apply brakes to that roller coaster. You need to know when to speed up and when to slow down. When to go all in and when to pull back and take things slow.

Because the truth is, without at least some brakes on that train, it's going to go faster, and faster, and faster, and you're going to skip all the little things you needed to learn and acknowledge about each other along the way. And by the time those things matter, it will be too late.

3. Small, Daily Habits Are More Important Than Big, Infrequent Home Runs


Anyone can talk the talk. Not many people can walk the walk.

A terrible habit quite a few people fall into is believing that "one day" it'll all come together. What does that even mean, "one day"? What are you going to do, wake up and find yourself in a $5-million mansion with two Ferraris parked outside? What, is it just going to "appear" out of nowhere?

"One day" is today. "One day" is right now. You're not going to "be patient one day." You're going to be patient NOW. You're not going to "start doing things differently one day." You're going to start doing things differently NOW. You're not going to "finally make it work one day." You're going to make it work right NOW.

Big leaps happen by adding lots of tiny steps up over a long period of time. If you think you can skip that process, you're wrong. Whatever it is you want to become, become that to the best of your ability right now. Whatever it is you want to do, do that to the best of your ability right now. In weightlifting we would call this "training until failure."

Every day, everything you do, train until failure.

4. Self-Knowledge Is Worth More Than Personal Achievement

Such a difficult lesson, and one that must be practiced diligently throughout the entirety of one's life: the difference between contentment and achievement.

You can immediately tell when you meet someone which category they fall into. They either emit a genuine confidence to pursue their goals for self-exploration, or they emit an ego-based confidence rooted in personal achievement. I'm not telling you to not set goals and achieve them. I'm asking you to be aware of where your sense of self-worth comes from.

If you pursue things in the name of personal achievement, you will never be fulfilled--and I say this from experience. True fulfilment is calm, and motivated only by creative freedom--a desire to further understand yourself and your craft. Personal achievement is fleeting. And so, in order to both "achieve" externally and find a sense of fulfilment and happiness, you have to keep a close eye on which is which.

Otherwise, do you know what's going to happen?

You're going to climb that big mountain in front of you, grind your face off to reach the top, and before you've even taken in one single deep breath and enjoyed the view, you'll notice the next mountain and think, "Oh, actually I haven't achieved anything--I must need to climb that mountain, too!"

5. You Are a Direct Reflection of the People You Spend the Most Time With


Oh boy, such a difficult lesson to learn--and a crucial one to practice through every chapter of your life.

The people around you are your mirrors. They are the ones who allow you to see aspects of yourself--and vice versa. If you spend time with people who mirror your own insecurities, or fears, or judgements, then you're going to see those traits every single day and begin to believe in them. They will be reinforced in you to the point where you decide that is "who you are."

On the flip side, if you spend time with people who challenge your fears, your insecurities, and the parts of you that need "work," you will inevitably change. You will soak up and inherit different traits. Better or more positive traits.

Deliberately choosing the people around you is how you can sculpt yourself. You want confidence? Hang around confident people. You want to learn self-awareness? Hang around self-aware people. You want to learn any skill, any craft? Hang around people who practice those things and do them well.

The challenge with this is knowing when to walk away. Sometimes people come into our lives at a crucial time because something in us wants to learn--and they too want to learn something from us, and so a mutual friendship begins to form. But every relationship is a path, and knowing when it is time to move on to the next one (whether that means staying friends or walking away completely) is where most people struggle. You have to be exceedingly deliberate with how you spend your time, and with whom.

6. You Cannot Stay the Same Forever--and Trying to Will Hurt You

Most people want and look for security. There's nothing wrong with that.

The difficult lesson is knowing the value of change. "Change is inevitable." When we speak this cliché, it's insinuated to be a bad thing. We fear change. We have to keep a close eye, otherwise "change" will creep up on us.

I challenge you to seek out change. I challenge you to welcome change with open arms.

Think about it like a workout routine. If you go into the gym and do the same exercises every day, over and over again, eventually they won't become difficult anymore. Your body will get used to them, and your growth rate will plateau. You will become "comfortable." And then, at some point, that comfort will begin to work against you--because the truth is, you need change in order to continue moving forward.

Instead of waiting for change to find you, go out and find it. Look for the little signs when you are beginning to plateau, in any way, and change up your routine deliberately. Be on the offensive. Stay one step ahead of yourself. Whether it's your craft, or your job, or your relationship, or your health, look for change. Look for ways to keep it fresh, to make your mind and body work, to do what feels "unfamiliar."

All growth occurs in change.

7. The "Tiny Voice" in You Always Knows Which Way to Go


And finally, the hard task of listening to that "tiny voice" inside.

Should you take the raise or move jobs? Should you stay in the relationship or move on? Should you do what you love or do what other people want you to do? All of these hypotheticals have two sides: what you feel like you should do, and what that "tiny voice" inside genuinely wants you to do.

We can all hear that little voice. We know what it sounds like. We can recognize when it raises its hand to speak. And yet, so often we struggle to actually follow through and heed its direction.

Why?

Because there is a much louder voice that bombards us with big promises and shiny objects and glorified achievements. We let our ego get in the way, when deep down we know what it is we truly want.

The reason why this is such a challenge for people to learn and accept--and why it often times takes a lifetime--is because the ego always promises safety. The ego promises avoidance of hurt, it promises instant gratification, and it promises acceptance. That's why we take the corporate gig instead of travelling the world, or we write someone else's book instead of writing our own. The ego's road isn't vulnerable, or scary. It's nice, safe, and secure.

The problem is that, sometime down the road, usually in a moment of quiet, that "tiny voice" will raise its hand again and ask to be heard. And the more you ignore it, the more it will rumble beneath the surface. This, I believe, is one of the big contributing factors to the infamous "mid-life crisis." How else could you possibly wake up and question every aspect of your life?

You wouldn't.

There would be no crisis at all.

Honor yourself. Listen to that "tiny voice." Trust it.

Your heart will never guide you wrong.
Source: www.inc.com

Quote for the day

"Develop an attitude of gratitude, and give thanks for everything that happens to you, knowing that every step forward is a step toward achieving something bigger and better than your current situation." - Brian Tracy

Saturday, 15 October 2016

3 Dimensional Trading

By Steve Burns

Trading is not really all about stock picking, predictions, and opinions. It is not even just about a winning system. Yes, first you have to understand how to trade and put the odds in your favour of winning, but that is not enough. You must also add in risk management so when you lose several times in a row your trading career and account does not end there. You also must have faith in your system and method to be able to keep trading it even when you are losing money, and you will have losing months, maybe even a losing year, can you keep trading through the tough times and stay around for the big wins?

One dimensional traders
just have opinions and predictions, if they are right they win for awhile, but eventually they do not stop out when they are wrong because they value their opinions over the stop loss and eventually blow up their account. They also eventually get emotionally frustrated from wild equity swings and they eventually quit and blame the market.

Two dimensional traders have a good system and cut their losses but have trouble with self confidence and belief in their system. They tend to blame themselves when their accounts have draw downs and have trouble understanding that it is just part of the game. The market environment is determining wins and losses not the trader, two dimensional traders don’t understand this they are missing the winning trader psychology. All traders can do is take their entries and exits as they come and let the market do what it does. They have not separated themselves from their trading. Generally the two dimensional traders end up giving up due to not being able to handle the psychological ups and downs of trading real money during losing streaks.

The three dimensional trader takes entries and exits based on his methodology that he believes in, he manages risk per trade carefully and never loses more than 1% t0 2% of his capital on any one trade. The 3D trader’s self worth and confidence is not tied up in any one trade, or monthly performance, he understands this is a long term process with ups and downs. Wins and losses do not change the 3D trader’s mindset. It is just a business, trading positions are just inventory, the market gives and the market takes away, and the 3D trader just takes what it is giving.

“Successful trading depends on the 3M`s – Mind, Method and Money. Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology, their own feelings, and the mass psychology of the markets. Each trader needs to have a method for choosing specific stocks, options or futures as well as firm rules for pulling the trigger – deciding when to buy and sell. Money refers to how you manage your trading capital.” – Alexander Elder
Source: www.newtraderu.com

Quote for the day

"Develop success from failures. Discouragement and failure are two of the surest stepping stones to success." - Dale Carnegie

Friday, 14 October 2016

Colombo Stock Exchange Trade Summary 14-Oct-2016

Quote for the day

"Destiny is no matter of chance. It is a matter of choice. It is not a thing to be waited for, it is a thing to be achieved." - William Jennings Bryan

Thursday, 13 October 2016

Colombo Stock Exchange Trade Summary 13-Oct-2016

Quote for the day

"Success is peace of mind which is a direct result of self-satisfaction in knowing you did your best to become the best you are capable of becoming." - John Wooden

Wednesday, 12 October 2016

Colombo Stock Exchange Trade Summary 12-Oct-2016

Quote for the day

"With everything that has happened to you, you can either feel sorry for yourself or treat what has happened as a gift. Everything is either an opportunity to grow or an obstacle to keep you from growing. You get to choose." - Wayne Dyer

Monday, 10 October 2016

Sunday, 9 October 2016

10 Irresistible Traits of the Smartest People

Positive psychology teaches us exceptional behaviours that draw others to us like a fly to flypaper. Here are 10 to get you going.

By Marcel Schwantes

Here are 10 useful hacks that I have personally studied and applied for nearly 20 years in my business and personal life.

These positive traits are framed to teach you to be a magnet for healthy relationships. Such attributes will impact how you communicate, and point the way to more interpersonal effectiveness.

1. Be a person of remarkable honesty.

Be true to your character regardless of the outside pressures or temptations to act otherwise. Be willing to accept the consequences of what you consider to be right, at the core of your being. Don't let others dictate your course. Through raw authenticity, you will take control of life and move forward with confidence.

2. Be reliable.

People love a person who is trustworthy and makes decisions they can count on. Be consistent with what you say you're going to do, and then do it. Being a person of your word goes a long way.
3. Be humble.
A person who doesn't raise herself above others is someone who can be trusted. She will gain the favour of others because her humility is not only wise and honourable, but it leads to great knowledge and good judgement.
4. Be insightful.

Cultivating a discerning spirit will let you see things 10 steps ahead of others. Your insights will be persuasive, so others will be drawn to learn from your wisdom, which you will want to find time to impart. And when you do, your gracious words will magnetically command the presence of others.
5. Be a good listener.

While some people see only one option, you take the higher road to listen to advice and counsel from those further down the path of growth. You leverage wise feedback to keep yourself out of trouble and steer you in the right direction.
6. Be self-aware.

Self-awareness can alert you to what relationships to invest in and what advisers to seek counsel from. If you're having lunch with someone who is spreading malicious things about others, you may be next on his list. Walk away. Also beware of group think, as it can quickly lead to a toxic bandwagon that may send your reputation down the toilet.

7. Be intentional about change.

If you're convinced you can justify a certain behaviour, like greed or arrogance, you're like the frog in boiling water who doesn't know it's being boiled alive. Break the cycle of behaviour that damages relationships by acquiring new knowledge first. When your blind spots are exposed, take massive action to change that behaviour with reckless abandon. You will gain new followers and friends as a result.
8. Be a person of peace.

Troublemakers start fights and gossips break up friendships. Rise above it all--slander, dissension, disputes, finger-pointing--all things that will trouble the heart and leave you in a reactionary stress mode. Be cool-tempered instead of quick-tempered, patient and slow to anger, and wise enough to keep calm and understand the circumstances around you. Be an ambassador for promoting peace.

9. Be smart and thoughtful when you speak.

There's a saying from an old wise king that goes like this: "Words satisfy the mind as much as fruit does the stomach; good talk is as gratifying as a good harvest." So much conflict, confusion, and misunderstanding comes from our words. Be careful about what you speak, and don't talk out of both sides of your mouth. Instead, give good and sound advice, and have the other person's best interest in mind. You'll get a lot more in return.

10. Be a learner and show interest in the wisdom of others.

This is what initiates the best conversations--learning about what other people do, how they do it, why they do it. People love to talk about themselves, and smart people let them! So be the person who shows up with the humble gesture of "I want to learn from you."
Source: www.inc.com

Quote for the day

"Extraordinary people survive under the most terrible circumstances and they become more extraordinary because of it." - Robertson Davies

Saturday, 8 October 2016

5 Lifetime Habits of the World's Wealthiest People

Key habits you can incorporate into your life and career.

By Paul Grossinger

Why do certain people become extraordinarily wealthy while others do not?

Great wealth, of the non-inherited kind, is not an accident. The extraordinarily successful people who make it have habits that set them apart from everyone else.

These habits can be incorporated into your daily life and if used correctly help you find your own great success.


1. Find Passion in Work

Extraordinary wealth most often comes from building large companies. These entrepreneurs stem from all demographic regions and walks of life, and span all industries. What they almost always have in common is a great passion for what they do, and putting in the long, tedious hours it takes to build something great--rather than just doing well.

2. "Back Into" Wealth

If you speak with many of the world's wealthiest people, you will rarely hear that their goal was to make a ton of money. The primary reason for this is that money is not itself a truly great motivator of excellence; it runs the motor but it rarely drives talented people to extraordinary heights. What does drive them is usually something greater--the desire to build something sustainable, to disrupt society, to empower communities are all responses you often hear from those who have achieved this level of success.

3. Focus

Extraordinarily wealthy and successful people possess the ability to focus on the achievement of singular goals. Whereas the average person splits his or her focus and often tries to partially satisfy many goals, the most successful people isolate the tertiary and focus fully on the most important issues they face until they are solved.

4. Embrace Risk

Of the hundreds of extraordinarily wealthy, self-made people I have met over the years, not one arrived at that point without periods of intense struggle.

Nearly all of them had at least one major point in their lives where they had to roll the dice and risk everything, or where things looked like they might fall apart.

This risk-embrace is one of the strongest traits of the extraordinarily successful, and one ingrained in our cultural view of the great entrepreneur: Steve Jobs starting Apple with nothing but a couple thousand dollars and a garage, Bill Gates dropping out of Harvard to start Microsoft, Jeff Bezos ignoring a decade of screams from Wall Street analysts crying doomsday on Amazon to pursue his greater vision.

As John Rockefeller said, "Don't be afraid to give up the good to go for the great."

5. Dissect Failure

Most people shy away from their failures. They don't want to confront them, or relive them, because the experience is painful. Extraordinarily wealthy people invariably do the opposite: They ruthlessly dissect their failure, break it down into its component parts, and assess the various points where they made a clear mistake.

Failure assessment, while difficult, is often essential, because it is the most significant factor in preventing additional failure for the same reasons. For the most successful people, repeat failure is a waste, while new failure is an opportunity to learn and grow.

Thomas Watson said it best: "Would you like me to give you a formula for success? It's quite simple, really: Double your rate of failure. You are thinking of failure as the enemy of success. But it isn't at all. You can be discouraged by failure or you can learn from it, so go ahead and make mistakes. Make all you can. Because remember, that's where you will find success."
Source: www.inc.com

Quote for the day

"To improve is to change; to be perfect is to change often." - Winston Churchill

Friday, 7 October 2016

Colombo Stock Exchange Trade Summary 07-Oct-2016

Quote for the day

"When you meet someone better than yourself, turn your thoughts to becoming his equal. When you meet someone not as good as you are, look within and examine your own self." - Confucius

Thursday, 6 October 2016

Colombo Stock Exchange Trade Summary 06-Oct-2016

Quote for the day

"A teacher who establishes rapport with the taught, becomes one with them, learns more from them than he teaches them." - Mahatma Gandhi

Wednesday, 5 October 2016

Tuesday, 4 October 2016

Monday, 3 October 2016

Colombo Stock Exchange Trade Summary 03-Oct-2016

CSE - Percentage wise Top 25 Gainers and Losers in September 2016, QTD & YTD

Top Gainers in September 2016

Quote for the day

"Knowledge has three degrees--opinion, science, illumination. The means or instrument of the first is sense; of the second, dialectic; of the third, intuition." - Plotinus

Sunday, 2 October 2016

Inevitable Events on Your Trading Journey

There are some common things that happen to most participants in the financial markets on their path to success or during their failures. Some start out with beginners luck only to see it run out and realize they have to build skills. Others have to go through failures for a long period of time before they get to see any success.

Here are some things that are common to experience as you journey into to trading and investing real money.

  • You will lose money. Try to make more than you lose.
  • You will experience emotional pain through losses. Try to keep it limited.
  • You will feels depressed and question yourself and your method during drawdowns of capital.
  • Many of your friends and family will think you are a gambler and it is impossible to make money in the markets through active trading and investing.
  • Many people will discourage you from your pursuit to beat the market.
  • Some people will not like you because you are involved in capitalism.
  • You will question the wisdom of your path and want to quit a lot.
  • You will doubt whether what you are doing is even possible long term.
  • You will develop weird intuitions and feelings after trading for a long time.
  • It will all be worth it one day when you have the freedom you wanted, and can set back and look at the size of your account.
Source:www.newtraderu.com

Quote for the day

"Keep your fears to yourself, but share your courage with others." - Robert Louis Stevenson

Saturday, 1 October 2016

7 Toxic Thoughts That Are Sabotaging Your Success

All actions results from thought, so it's the thoughts that really matter.

By Lolly Daskal

Your thoughts are powerful. It may sound far-fetched to say that what you believe will come true and what you think about will come to you.

But it's not really such a stretch. Your thoughts are directly connected to your actions and therefore to your outcomes. That means they play a significant role in your success or failure.

Good thoughts give you confidence and empower you to act; negative thoughts can keep you quiet and hold you back.

Even successful people find the wrong thoughts can lead to derailed plans and stalled momentum, and they learn to steer clear of toxic zones. As you direct your own path away from unsupportive, harmful thinking toward positivity, here are six areas you definitely want to avoid:

1. The necessity of perfection. Anyone who thinks they must be perfect is setting themselves up for failure. When perfection is your goal, you will always be left with the feeling that you're not measuring up, and in time you'll come to see yourself as a failure. Everything you do creates your future, and it doesn't have to be perfect to lead you toward success.

2. Not being good enough. Everyone at one time or another has moments of self-doubt. But if it becomes a constant state of mind or something that weaves through a lot of your thoughts--if you're spending a lot of time thinking you're not good enough, smart enough, talented enough, or skilled enough--you're not taking responsibility for working on yourself to improve the value of what you have to offer. Successful people identify their strongest skills and talents and use them to reach their highest potential.

3. Comparing yourself with others.
It's a constant temptation, seeing how we measure up to others. But the reality is that everyone is different. No one else has your particular gifts and outlook, your particular background and challenges and interests, and you can't learn anything about yourself by looking at others. Successful people know there's no sense in comparing yourself to anyone else; instead, spend your time and energy creating the best possible version of yourself.

4. Needing to always be right. It feels good to be right. But the truth is we're all sometimes wrong, and that's OK. There are times we need to learn from our mistakes and maybe experience a little humility. Left unchecked, the need to be right can do a lot of damage: it can affect your relationships, your business and your leadership. Sometimes you're right and sometimes you're wrong. Remembering that and taking it all in stride helps us succeed--and it makes us better people.

5. Worrying about what other people think.
People will always have opinions about you. Either they'll believe in you or they won't, but truly successful people understand that regardless of what other people think of them, they can do what it takes to succeed. They can take the bold steps and risky actions required for success. Don't take other people's opinions to heart, because who you are and what you can accomplish come from within.

6. Allowing the past to determine the future. If you think that who you were and what you did in the past will determine your future, think again. People grow and change direction. Who you were yesterday isn't who you have to be tomorrow or even today. Even if you've failed in the past you can succeed in the future. Have the confidence to keep trying. Successful people don't allow anything in their past to erode their ability to create a successful future, because they know life is full of second chances.

7. Believing your destiny is out of your hands. So many people feel that their fate is predestined. The truth is your destiny is something you can mold--the power lies within you, and allowing yourself to believe otherwise is just a way of not taking responsibility. Sometimes things will be difficult, sometimes things will be challenging, but at all times, you have the power to create your own success or failure. Your destiny is in your hands, heart and mind.

Instead of allowing your thoughts to sabotage you, treat them as you'd treat any powerful force: Use them responsibly for good, keep them out of harmful situations, and let them help serve you so you in turn can serve.

www.inc.com

Quote for the day

"Don't judge each day by the harvest you reap but by the seeds that you plant." - Robert Louis Stevenson