Thursday, 31 May 2018

Colombo Stock Exchange Trade Summary 31-May-2018

Quote for the day

"Happiness is not something you postpone for the future; it is something you design for the present." - Jim Rohn

Wednesday, 30 May 2018

Colombo Stock Exchange Trade Summary 30-May-2018

Quote for the day

"I am learning to understand rather than immediately judge or to be judged. I cannot blindly follow the crowd and accept their approach. I will not allow myself to indulge in the usual manipulating game of role creation. Fortunately for me, my self-knowledge has transcended that and I have come to understand that life is best to be lived and not to be conceptualized. I am happy because I am growing daily and I am honestly not knowing where the limit lies. To be certain, every day there can be a revelation or a new discovery. I treasure the memory of the past misfortunes. It has added more to my bank of fortitude." - Bruce Lee

Tuesday, 29 May 2018

Quote for the day

"Embrace what you don't know, especially in the beginning, because what you don't know can become your greatest asset. It ensures that you will absolutely be doing things different from everybody else." - Sara Blakely

Monday, 28 May 2018

Colombo Stock Exchange Trade Summary 28-May-2018

Quote for the day

"To solve a problem or to reach a goal, you don't need to know all the answers in advance. But you must have a clear idea of the problem or the goal you want to reach." - W. Clement Stone

Sunday, 27 May 2018

Quote for the day

"They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." - Benjamin Franklin

Saturday, 26 May 2018

10 Mistakes the Masses Make in the Markets

"If you want to be wrong then follow the masses". – Socrates

The majority of traders and investors lose money in the markets. So that means that the minority do things differently than the wrong things the majority do.

 What do the masses do wrong in the markets?

1. Holding losing positions after you have been proven wrong allowing a loss to grow bigger.

2. Cutting profits short and forfeit the opportunity of a huge win.

3. Being scared out of a good position during a minor move.

4. Listening to talking heads on financial news.

5. Buying and selling with no process.

6. Trying to predict what will happen instead of focusing on what is happening.

7. Fighting the trend instead of trading with it.

8. Trying to make back money on the same stock it was lost in.

9. Trading far too big.

10. Making too concentrated bets without diversification.

Quote for the day

"We live in a world which respects power above all things. Power, intelligently directed, can lead to more freedom. Unwisely directed, it can be a dreadful, destructive force." - Mary McLeod Bethune

Friday, 25 May 2018

Colombo Stock Exchange Trade Summary 25-May-2018

Quote for the day

"To fight and conquer in all our battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting." - Sun Tzu

Thursday, 24 May 2018

Colombo Stock Exchange Trade Summary 24-May-2018

Quote for the day

"I never teach my pupils, I only attempt to provide the conditions in which they can learn." - Albert Einstein

Wednesday, 23 May 2018

Tuesday, 22 May 2018

Monday, 21 May 2018

Colombo Stock Exchange Trade Summary 21-May-2018

Quote for the day

"Karma is not something complicated or philosophical. Karma means watching your body, watching your mouth, and watching your mind. Trying to keep these three doors as pure as possible is the practice of karma." - Thubten Yeshe

Sunday, 20 May 2018

A Brief History of Bitcoin

Bitcoin fans have called it the “future of money”, predicting it will transform the global financial system, but others are more skeptical. 

However, it’s easy to get caught up in technical jargon if you don’t understand the basics. 

Here is an easy to follow guide from CartwrightKing to help you understand the basics of Bitcoin, where it came from and what you can do to get involved.

A Brief History of Bitcoin #Infographic

Quote for the day

"Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our Light, not our Darkness, that most frightens us." - Marianne Williamson

Saturday, 19 May 2018

This is the Mindset of a Successful Trader

Your psychology and beliefs will be a major determining factor in your trading results. Consider this example, where the same successful trading approach is used by a hundred traders and usually no two of them will trade it exactly the same way. Why? Because each trader has a unique belief system, and their beliefs will determine their trading style and their trading results. That is why even with a profitable and proven trading approach, many traders will fail. They do not have the proper belief system to enable them to trade well. In other words, they lack “The Trader’s Mindset.”

When you encounter psychological issues it is best to recognize the issues, just be aware of them and don’t deny they exist. In order to “fix” psychological issues, we must first become aware of the issues that are causing the problems in order to heal. This is much of what psychoanalysis is all about. The psychologist or psycho- therapist tries to get the patient first to recognize issues that are causing their problems. The patient must believe that these issues are causing the problem in order for the patient to heal. The reason this process can take so long, perhaps even years, is because the patient needs to not only recognize their problems, but must accept that there truly is a problem. They must take responsibility for their problems to heal. As traders, we must take responsibility for our trading results in order to make changes and be profitable.

Success in trading is a direct result of a sound trading system, sound money management, proper capitalization, and sound psychology. All of these must be in sync to be successful in your trading. The only area where you may need additional help once you have mastered your trading skills is your psychology.

Mastering your psychology is an ongoing process that really never ends. To master your psychology to be a profitable trader can take time, and the amount of time will be different for each trader.

Here is a list of common psychological trading issues and their causes:

1. Fear Of Being Stopped Out Or Fear Of Taking A Loss: The usual reason for this is that the trader fears failure and feels like he or she cannot take another loss. The trader’s ego is at stake.

2. Getting Out Of Trades Too Early: Relieving anxiety by closing a position. Fear of position reversing and then feeling let down. Need for instant gratification.

3. Adding On To A Losing Position (Doubling Down): Not wanting to admit your trade is wrong. Hoping it will come back. Again, ego is at stake.

4. Wishing And Hoping: Not wanting to take control or take responsibility for the trade. Inability to accept the present reality of the market place.

5. Compulsive Trading: Drawn to the excitement of the markets. Addiction and Gambling issues are present. Needing to feel you are in the game.

6. Anger After A Losing Trade: The feeling of being a victim of the markets. Unrealistic expectations. Caring too much about a specific trade. Tying your self-worth to your success in the markets. Needing approval from the markets.

7. Excessive Joy After A Winning Trade: Tying your self-worth to the markets. Feeling unrealistically “in control” of the markets.

8. Limiting Profits: You don’t deserve to be successful. You don’t deserve money or profits. Usually psychological issues such as poor self-esteem.

9. Not Following Your Proven Trading System: You don’t believe it really works. You did not test it well. It does not match your personality. You want more excitement in your trading. You don’t trust your own ability to choose a successful system.

10. Over Thinking The Trade, Second Guessing Your Trading Signals: Fear of loss or being wrong. Wanting a sure thing where sure things don’t exist. Not understanding that loss is a part of trading and the outcome of each trade is unknown. Not accepting there is risk in trading. Not accepting the unknown.

11. Not Trading The Correct Position Size: Dreaming the trade will be only profitable. Not fully recognizing the risk and not understanding the importance of money management. Refusing to take responsibility for managing your risk.

12. Trading Too Much: Need to conquer the market. Greed. Trying to get even with the market for a previous loss. The excitement of trading (similar to Compulsive Trading).

13. Afraid To Trade: No trading system in place. Not comfortable with risk and the unknown. Fear of total loss. Fear of ridicule. Need for control. Fear of another loss. No trust in your trading.

14. Irritable after the Trading Day: Emotional roller coaster due to anger, fear, and greed. Putting too much attention on trading results and not enough on the process and learning the skill of trading. Focusing on the money too much. Unrealistic trading expectations.

15. Trading With Money You Cannot Afford To Lose Or Trading With Borrowed Money: Last hope at success. Trying to be successful at something. Fear of losing your chance at opportunity. No discipline. Greed. Desperation.

These are by no means all the psychological issues, but these are the most common. They usually center on the fact that for one reason or another, the trader is not following their chosen trading approach or system. And instead prefers to wing it or trade their emotions which in trading will always get you in trouble.

Our goal as traders in regards to psychology is to maintain an even keel so to speak when trading. Our winning trades and losing trades should not affect us. Obviously we are trading better when we are winning, but emotionally we should strive to maintain an even balance emotionally in regards to our wins and our losses.

Obtaining “The Trader’s Mindset” takes time. It will happen when it happens, and when you achieve this level of mental ability; it will come after working long and hard on yourself. It may even happen without you even knowing it. It usually happens when you least expect it.

Below is a list of what one feels after acquiring “The Trader’s Mindset.”

1. Sense of calmness

2. Ability to focus on the present reality

3. Not caring which way the market breaks or moves

4. Always aligning trades in the direction of the market, flowing with the market

5. Not caring about the money

6. Always looking to improve your skills

7. Profits now accumulating and flowing in as your skills improve

8. Keeping an open mind, keeping opinions to a minimum

9. Accepting the risk in trading

10. No Anger

11. Learning from every trade

12. Winning and losing trades accepted equally from an emotional standpoint

13. Enjoying the process

14. Trading your chosen approach or system and not being influenced by the market or 

15. Not feeling a need to conquer or control the “market”

16. Feeling confident and feeling in control of “yourself”

17. A sense of not forcing the markets or yourself

18. Trading with money you can afford to risk

19. No feeling of ever being victimized by the markets

20. Taking full responsibility for your trading

When you can read the list above and genuinely say that’s me, you have arrived!
Source: www.

Quote for the day

"Life is an opportunity, benefit from it. 
Life is beauty, admire it. 
Life is a dream, realize it. 
Life is a challenge, meet it. 
Life is a duty, complete it.
Life is a game, play it. 
Life is a promise, fulfill it. 
Life is sorrow, overcome it. 
Life is a song, sing it. 
Life is a struggle, accept it. 
Life is a tragedy, confront it. 
Life is an adventure, dare it. 
Life is luck, make it. 
Life is too precious, do not destroy it. 
Life is life, fight for it."
- Mother Teresa

Friday, 18 May 2018

Colombo Stock Exchange Trade Summary 18-May-2018

Quote for the day

"Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune." - Jim Rohn

Thursday, 17 May 2018

Colombo Stock Exchange Trade Summary 17-May-2018

Quote for the day

"You set a goal to be the best and then you work hard every hour of every day, striving to reach that goal. If you allow yourself to settle for anything less than number one, you are cheating yourself." - Don Shula

Wednesday, 16 May 2018

Colombo Stock Exchange Trade Summary 16-May-2018

Quote for the day

"Information is power, and the gain you get from empowering your associates more than offsets the risk of informing your competitor." - Sam Walton

Monday, 14 May 2018

Colombo Stock Exchange Trade Summary 14-May-2018

Quote for the day

"For most of history, man has had to fight nature to survive; in this century he is beginning to realize that, in order to survive, he must protect it." - Jacques Yves Cousteau

Sunday, 13 May 2018

Quote for the day

"One of the things I learned the hard way was that it doesn't pay to get discouraged. Keeping busy and making optimism a way of life can restore your faith in yourself." - Lucille Ball

Saturday, 12 May 2018

Friday, 11 May 2018

Colombo Stock Exchange Trade Summary 11-May-2018

Quote for the day

"A wise man can learn more from a foolish question than a fool can learn from a wise answer." - Bruce Lee

Thursday, 10 May 2018

Colombo Stock Exchange Trade Summary 10-May-2018

Quote for the day

"A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them." - John C. Maxwell

Wednesday, 9 May 2018

Colombo Stock Exchange Trade Summary 09-May-2018

Quote for the day

"We must not only learn to tolerate our differences. We must welcome them as the richness and diversity which can lead to true intelligence." - Albert Einstein

Tuesday, 8 May 2018

Colombo Stock Exchange Trade Summary 08-May-2018

Quote for the day

"Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all." - Dale Carnegie

Monday, 7 May 2018

Quote for the day

"Don't let the fear of the time it will take to accomplish something stand in the way of your doing it. The time will pass anyway; we might just as well put that passing time to the best possible use." - Earl Nightingale

Sunday, 6 May 2018

Quote for the day

"You never know how strong you are, until being strong is your only choice." - Bob Marley

Saturday, 5 May 2018

Quote for the day

"Society often forgives the criminal; it never forgives the dreamer." - Oscar Wilde

Friday, 4 May 2018

Colombo Stock Exchange Trade Summary 04-May-2018

Quote for the day

"A dream doesn't become reality through magic; it takes sweat, determination and hard work." - Colin Powell

Thursday, 3 May 2018

Colombo Stock Exchange Trade Summary 03-May-2018

Quote for the day

"Sometimes the best things are right in front of you; it just takes some time to see them." - Gladys Knight

Wednesday, 2 May 2018

Colombo Stock Exchange Trade Summary 02-May-2018

Quote for the day

"The biggest mistake people make in life is not trying to make a living at doing what they most enjoy." - Malcolm Forbes

Tuesday, 1 May 2018

Colombo Stock Exchange Trade Summary 01-May-2018

Quote for the day

"I have far more respect for the person with a single idea who gets there than for the person with a thousand ideas who does nothing." - Thomas A. Edison