Tuesday, 17 September 2019

Quote for the day

"Investment success accrues not so much to the brilliant as to the disciplined." - William J. Bernstein

Sunday, 15 September 2019

Quote for the day

"At the end of the day, you are solely responsible for your success and your failure. And the sooner you realize that, you accept that, and integrate that into your work ethic, you will start being successful. As long as you blame others for the reason you aren't where you want to be, you will always be a failure." - Erin Cummings

Saturday, 14 September 2019

Quote for the day

"The definition of investment is the deferring ofpresent consumption for future consumption. So, you dohave to be willing to defer. And there are a couple of tricks that you can use to save money. One of them is simply to pay yourself first." - William J. Bernstein

Friday, 13 September 2019

Quote for the day

"What we fear doing most is usually what we most need to do." - Tim Ferriss

Thursday, 12 September 2019

Colombo Stock Exchange Trade Summary 12-Sep-2019

Quote for the day

"I like to encourage people to realize that any action is a good action if it's proactive and there is positive intent behind it." - Michael J. Fox

Wednesday, 11 September 2019

Colombo Stock Exchange Trade Summary 11-Sep-2019

Quote for the day

"We are dying from overthinking. We are slowly killing ourselves by thinking about everything. Think. Think. Think. You can never trust the human mind anyway. It's a death trap." - Anthony Hopkins

Tuesday, 10 September 2019

Colombo Stock Exchange Trade Summary 10-Sep-2019

Quote for the day

"You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things look the worst." - William J. Bernstein

Monday, 9 September 2019

Sunday, 8 September 2019

Understanding a Trader’s Emotions

The hardest thing about trading is not the math, the method, or the stock picking. It is dealing with the emotions that arise with trading itself. From the stress of actually entering a trade, to the fear of losing the paper profits that you are holding in a winning trade, how you deal with those emotions will determine your success more than any one thing.

To manage your emotions first of all you must trade a system and method you truly believe will be a winner in the long term.

You must understand that every trade is not a winner and not blame yourself for equity draw downs if you are trading with discipline.

Do not bet your entire account on any one trade, in fact risking only 1% of your total capital on any one trade is the best thing you can do for your stress levels and risk of ruin odds.

With that in place here are some examples of emotional equations to better understand why you feel certain emotions strongly in your trading:

Despair = Losing Money – Trading Better

Do not despair look at your losses as part of doing business and as paying tuition fees to the markets.

Disappointment = Expectations – Reality

Enter trading with realistic expectations. You can realistically expect 20%-35% annual returns on capital with great trading. More than that is possible but unlikely.

Regret = Disappointment in a loss+ Caused by lack of Discipline

If you followed your trading plan and lose money because the market did not move in your direction so be it, but if you went off your plan and traded based on your feelings and opinions then you should feel regret and stop being undisciplined.

Enjoying your Trading = Winning Trades – Fear of Ruin

Trading is much more enjoyable when you are risking 1% of your capital in the hopes of making 3% on your capital with a zero chance of ruin. It is not enjoyable when you are putting a huge percentage of your capital on the line in each trade and are only a few bad trades away from your account going to zero.

Wisdom = Square Root of Experience through years of successful trading

To get good at trading you have to trade real money. Wisdom comes from putting real money on the line for years and proving to yourself that you can come out a winner in the long term.

Faith in your system = Belief through back testing + Experience of winning with it for years

While you have to hold the opinion of whether each trade is a winner or loser it is different for your trading method. A lot of emotional trading can be overcome when you do not have doubts about your method. When you hold an almost religious fervor over believing in your method, system, risk management, and your own discipline you will overcome many of the emotional problems that arise with other traders in the heat of action.

Source: www.newtraderu.com

Quote for the day

"If we're growing, we're always going to be out of our comfort zone." - John C. Maxwell

Saturday, 7 September 2019

The 7 Key Emotions of the Winning Trader

One thing that trips up new traders is that they are surprised at the emotions that flood into them when they begin the process of trading with real money. Their ego engages and they do not want to be wrong and they sure don’t want to lose money. The negative downward emotional spiral takes down more traders than the math, risk management, or markets ever will. Once the negativity begins it is hard to stop, so travel down the right emotional road if you truly want to be a winning trader, here is what that looks like:

Choose the emotions that you participate in carefully.


1.Contentment:
The trader must be satisfied that they are trading the right system for their risk tolerance and beliefs about the market.


2. Hopefulness: A trader must have the belief that he will win in the long term and it is worth the effort to capture the future profits.

3. Optimism: Winning traders believe that they are always getting closer to that next big winner.

4. Positive Expectations: To be successful the trader must expect that in the long run his robust system will produce profits and not lose faith during draw downs.

5. Enthusiasm: The winning trader enjoys the trading process and loves playing the game that is the markets.

6. Passion: The traders that end up as the big winners are the ones that have the drive to keep learning, keep growing, and put in the work needed because of the energy that comes from their passion.

7. Empowerment: The best traders in the market can not even imagine doing anything else but trading. They truly get joy from the freedom of being a trader and love what they do.
Source: www.newtraderu.com

Quote for the day

"Be brave. Take risks. Nothing can substitute experience." - Paulo Coelho

Wednesday, 4 September 2019

Colombo Stock Exchange Trade Summary 04-Sep-2019

Quote for the day

"We should not judge people by their peak of excellence; but by the distance they have traveled from the point where they started." - Henry Ward Beecher

Monday, 2 September 2019

Sunday, 1 September 2019

Quote for the day

"The successful man will profit from his mistakes and try again in a different way." - Dale Carnegie

Saturday, 31 August 2019

Quote for the day

"Being ready is not what matters. What matters is winning after you get there." - Victor H. Krulak

Friday, 30 August 2019

Colombo Stock Exchange Trade Summary 30-Aug-2019

Quote for the day

"You're never as good as everyone tells you when you win, and you're never as bad as they say when you lose." - Lou Holtz

Thursday, 29 August 2019

Tuesday, 27 August 2019

Colombo Stock Exchange Trade Summary 27-Aug-2019

Quote for the day

"Don't wait until everything is just right. It will never be perfect. There will always be challenges, obstacles and less than perfect conditions. So what. Get started now. With each step you take, you will grow stronger and stronger, more and more skilled, more and more self-confident and more and more successful." - Mark Victor Hansen

Monday, 26 August 2019

Colombo Stock Exchange Trade Summary 26-Aug-2019

Quote for the day

"The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor." - William J. Bernstein

Sunday, 25 August 2019

Quote for the day

"My mission in life is not merely to survive, but to thrive; and to do so with some passion, some compassion, some humor, and some style" - Maya Angelou

Saturday, 24 August 2019

Quote for the day

"Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." - Groucho Marx

Friday, 9 August 2019

Colombo Stock Exchange Trade Summary 09-Aug-2019

 Click here to download 09-Aug-2019 Trade Summary csv File

Crossings - 09/08/2019 & Top 10 Contributors to Change ASPI
https://cdn.cse.lk/cmt/upload_cse_report_file/daily_report_732_09-08-2019.pdf


Top 10 Gainer / Loser / Turnover / Volume for the day


Top 10 Foreign Activity for the Day
 

Wednesday, 7 August 2019

Colombo Stock Exchange Trade Summary 07-Aug-2019


 Click here to download 07-Aug-2019 Trade Summary csv File

Crossings - 07
/08/2019 & Top 10 Contributors to Change ASPI
https://cdn.cse.lk/cmt/upload_cse_report_file/daily_report_359_07-08-2019.pdf

Top 10 Gainer / Loser / Turnover / Volume for the day


Top 10 Foreign Activity for the Day 

Tuesday, 6 August 2019

Colombo Stock Exchange Trade Summary 06-Aug-2019


 Click here to download 06-Aug-2019 Trade Summary csv File

Crossings - 06
/08/2019 & Top 10 Contributors to Change ASPI
https://cdn.cse.lk/cmt/upload_cse_report_file/daily_report_25_06-08-2019.pdf 

Top 10 Gainer / Loser / Turnover / Volume for the day


Top 10 Foreign Activity for the Day 
 

Friday, 2 August 2019

Colombo Stock Exchange Trade Summary 02-Aug-2019


Click here to download 02-Aug-2019 Trade Summary csv File

Crossings - 02
/08/2019 & Top 10 Contributors to Change ASPI



https://cdn.cse.lk/cmt/upload_cse_report_file/daily_report_72_02-08-2019.pdf 

Top 10 Gainer / Loser / Turnover / Volume for the day

Top 10 Foreign Activity for the Day 

Wednesday, 31 July 2019

Colombo Stock Exchange Trade Summary 31-Jul-2019

Click here to download 31-Jul-2019 Trade Summary csv File

Crossings - 31
/07/2019 & Top 10 Contributors to Change ASPI


 
Top 10 Gainer / Loser / Turnover / Volume for the day

Top 10 Foreign Activity for the Day