Thursday 30 April 2015
Quote for the day
“Don't be arrogant. When you get arrogant, you forsake risk control. The best traders are the most humble.” - Mark Weinstein
Wednesday 29 April 2015
Tuesday 28 April 2015
Quote for the day
“When one door closes, another opens; but we often look so long and so regretfully upon the closed door that we do not see the one which has opened for us.” - Alexander Graham Bell
Monday 27 April 2015
Quote for the day
“The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will.” - Vince Lombardi
Sunday 26 April 2015
Mentally Strong People: The 13 Things They Avoid
By Cheryl Conner
For all the time executives spend concerned about physical strength and health, when it comes down to it, mental strength can mean even more. Particularly for entrepreneurs, numerous articles talk about critical characteristics of mental strength—tenacity, “grit,” optimism, and an unfailing ability as Forbes contributor David Williams says, to “fail up.”
However, we can also define mental strength by identifying the things mentally strong individuals don’t do. Over the weekend, I was impressed by this list compiled by Amy Morin, a psychotherapist and licensed clinical social worker, that she shared in Life Hack. It impressed me enough I’d also like to share her list here along with my thoughts on how each of these items is particularly applicable to entrepreneurs.
1. Waste Time Feeling Sorry for Themselves.
You don’t see mentally strong people feeling sorry for their circumstances or dwelling on the way they've been mistreated. They have learned to take responsibility for their actions and outcomes, and they have an inherent understanding of the fact that frequently life is not fair. They are able to emerge from trying circumstances with self-awareness and gratitude for the lessons learned. When a situation turns out badly, they respond with phrases such as “Oh, well.” Or perhaps simply, “Next!”
2. Give Away Their Power.
Mentally strong people avoid giving others the power to make them feel inferior or bad. They understand they are in control of their actions and emotions. They know their strength is in their ability to manage the way they respond.
3. Shy Away from Change.
Mentally strong people embrace change and they welcome challenge. Their biggest “fear,” if they have one, is not of the unknown, but of becoming complacent and stagnant. An environment of change and even uncertainty can energize a mentally strong person and bring out their best.
4. Waste Energy on Things They Can't Control.
Mentally strong people don’t complain (much) about bad traffic, lost luggage, or especially about other people, as they recognize that all of these factors are generally beyond their control. In a bad situation, they recognize that the one thing they can always control is their own response and attitude, and they use these attributes well.
5. Worry About Pleasing Others.
Know any people pleaser? Or, conversely, people who go out of their way to dis-please others as a way of reinforcing an image of strength? Neither position is a good one. A mentally strong person strives to be kind and fair and to please others where appropriate, but is unafraid to speak up. They are able to withstand the possibility that someone will get upset and will navigate the situation, wherever possible, with grace.
6. Fear Taking Calculated Risks.
A mentally strong person is willing to take calculated risks. This is a different thing entirely than jumping headlong into foolish risks. But with mental strength, an individual can weigh the risks and benefits thoroughly, and will fully assess the potential downsides and even the worst-case scenarios before they take action.
7. Dwell on the Past.
There is strength in acknowledging the past and especially in acknowledging the things learned from past experiences—but a mentally strong person is able to avoid miring their mental energy in past disappointments or in fantasies of the “glory days” gone by. They invest the majority of their energy in creating an optimal present and future.
8. Make the Same Mistakes Over and Over.
We all know the definition of insanity, right? It’s when we take the same actions again and again while hoping for a different and better outcome than we've gotten before. A mentally strong person accepts full responsibility for past behaviour and is willing to learn from mistakes. Research shows that the ability to be self-reflective in an accurate and productive way is one of the greatest strengths of spectacularly successful executives and entrepreneurs.
9. Resent Other People’s Success.
It takes strength of character to feel genuine joy and excitement for other people’s success. Mentally strong people have this ability. They don’t become jealous or resentful when others succeed (although they may take close notes on what the individual did well). They are willing to work hard for their own chances at success, without relying on short cuts.
10. Give Up After Failure.
Every failure is a chance to improve. Even the greatest entrepreneurs are willing to admit that their early efforts invariably brought many failures. Mentally strong people are willing to fail again and again, if necessary, as long as the learning experience from every “failure” can bring them closer to their ultimate goals.
11. Fear Alone Time.
Mentally strong people enjoy and even treasure the time they spend alone. They use their downtime to reflect, to plan, and to be productive. Most importantly, they don’t depend on others to shore up their happiness and moods. They can be happy with others, and they can also be happy alone.
12. Feel the World Owes Them Anything.
Particularly in the current economy, executives and employees at every level are gaining the realization that the world does not owe them a salary, a benefits package and a comfortable life, regardless of their preparation and schooling. Mentally strong people enter the world prepared to work and succeed on their merits, at every stage of the game.
13. Expect Immediate Results.
Whether it’s a workout plan, a nutritional regimen, or starting a business, mentally strong people are “in it for the long haul”. They know better than to expect immediate results. They apply their energy and time in measured doses and they celebrate each milestone and increment of success on the way. They have “staying power.” And they understand that genuine changes take time. Do you have mental strength? Are there elements on this list you need more of? With thanks to Amy Morin, I would like to reinforce my own abilities further in each of these areas today. How about you?
http://www.forbes.com/
However, we can also define mental strength by identifying the things mentally strong individuals don’t do. Over the weekend, I was impressed by this list compiled by Amy Morin, a psychotherapist and licensed clinical social worker, that she shared in Life Hack. It impressed me enough I’d also like to share her list here along with my thoughts on how each of these items is particularly applicable to entrepreneurs.
1. Waste Time Feeling Sorry for Themselves.
You don’t see mentally strong people feeling sorry for their circumstances or dwelling on the way they've been mistreated. They have learned to take responsibility for their actions and outcomes, and they have an inherent understanding of the fact that frequently life is not fair. They are able to emerge from trying circumstances with self-awareness and gratitude for the lessons learned. When a situation turns out badly, they respond with phrases such as “Oh, well.” Or perhaps simply, “Next!”
2. Give Away Their Power.
Mentally strong people avoid giving others the power to make them feel inferior or bad. They understand they are in control of their actions and emotions. They know their strength is in their ability to manage the way they respond.
3. Shy Away from Change.
Mentally strong people embrace change and they welcome challenge. Their biggest “fear,” if they have one, is not of the unknown, but of becoming complacent and stagnant. An environment of change and even uncertainty can energize a mentally strong person and bring out their best.
4. Waste Energy on Things They Can't Control.
Mentally strong people don’t complain (much) about bad traffic, lost luggage, or especially about other people, as they recognize that all of these factors are generally beyond their control. In a bad situation, they recognize that the one thing they can always control is their own response and attitude, and they use these attributes well.
5. Worry About Pleasing Others.
Know any people pleaser? Or, conversely, people who go out of their way to dis-please others as a way of reinforcing an image of strength? Neither position is a good one. A mentally strong person strives to be kind and fair and to please others where appropriate, but is unafraid to speak up. They are able to withstand the possibility that someone will get upset and will navigate the situation, wherever possible, with grace.
6. Fear Taking Calculated Risks.
A mentally strong person is willing to take calculated risks. This is a different thing entirely than jumping headlong into foolish risks. But with mental strength, an individual can weigh the risks and benefits thoroughly, and will fully assess the potential downsides and even the worst-case scenarios before they take action.
7. Dwell on the Past.
There is strength in acknowledging the past and especially in acknowledging the things learned from past experiences—but a mentally strong person is able to avoid miring their mental energy in past disappointments or in fantasies of the “glory days” gone by. They invest the majority of their energy in creating an optimal present and future.
8. Make the Same Mistakes Over and Over.
We all know the definition of insanity, right? It’s when we take the same actions again and again while hoping for a different and better outcome than we've gotten before. A mentally strong person accepts full responsibility for past behaviour and is willing to learn from mistakes. Research shows that the ability to be self-reflective in an accurate and productive way is one of the greatest strengths of spectacularly successful executives and entrepreneurs.
9. Resent Other People’s Success.
It takes strength of character to feel genuine joy and excitement for other people’s success. Mentally strong people have this ability. They don’t become jealous or resentful when others succeed (although they may take close notes on what the individual did well). They are willing to work hard for their own chances at success, without relying on short cuts.
10. Give Up After Failure.
Every failure is a chance to improve. Even the greatest entrepreneurs are willing to admit that their early efforts invariably brought many failures. Mentally strong people are willing to fail again and again, if necessary, as long as the learning experience from every “failure” can bring them closer to their ultimate goals.
11. Fear Alone Time.
Mentally strong people enjoy and even treasure the time they spend alone. They use their downtime to reflect, to plan, and to be productive. Most importantly, they don’t depend on others to shore up their happiness and moods. They can be happy with others, and they can also be happy alone.
12. Feel the World Owes Them Anything.
Particularly in the current economy, executives and employees at every level are gaining the realization that the world does not owe them a salary, a benefits package and a comfortable life, regardless of their preparation and schooling. Mentally strong people enter the world prepared to work and succeed on their merits, at every stage of the game.
13. Expect Immediate Results.
Whether it’s a workout plan, a nutritional regimen, or starting a business, mentally strong people are “in it for the long haul”. They know better than to expect immediate results. They apply their energy and time in measured doses and they celebrate each milestone and increment of success on the way. They have “staying power.” And they understand that genuine changes take time. Do you have mental strength? Are there elements on this list you need more of? With thanks to Amy Morin, I would like to reinforce my own abilities further in each of these areas today. How about you?
http://www.forbes.com/
Quote for the day
“Becoming a great trader is an evolutionary process. It's a series of trial and error transformations, mental map adjustments, and incrementally acquired skill sets, all blended together. And there is no substitute for hypothesizing, testing, and experimenting, with the requirement of organizing one's thoughts logically and empirical verification serving as the great crystallizer.” - Jack Sparrow
Saturday 25 April 2015
Connecting the world to the Internet - The Trillion Dollar Opportunity
The internet is an essential part of our daily lives, but it is actually only used by a minority of the world’s population.
4.3 billion people across the world do not yet have access to the web.
The internet impacts nearly every aspect of modern society and serves as a powerful economic stimulator.
The opportunity to connect 4.3 billion people to the internet is not only a business opportunity, but one that will improve everyone’s standard of living.
4.3 billion people across the world do not yet have access to the web.
The internet impacts nearly every aspect of modern society and serves as a powerful economic stimulator.
The opportunity to connect 4.3 billion people to the internet is not only a business opportunity, but one that will improve everyone’s standard of living.
Source: http://www.visualistan.com/
Quote for the day
"There is only one thing more painful than learning from experience and that is not learning from experience." - Archibald McLeish
Friday 24 April 2015
Quote for the day
“In nature there are neither rewards nor punishments; there are only consequences.” - Robert G. Ingersoll
Thursday 23 April 2015
Quote for the day
“No man can always have adequate reasons for buying or selling stocks daily — or sufficient knowledge to make his play an intelligent play.” - Reminiscences of a Stock Operator
Wednesday 22 April 2015
Quote for the day
“Intuition and concepts constitute... the elements of all our knowledge, so that neither concepts without an intuition in some way corresponding to them, nor intuition without concepts, can yield knowledge.” - Immanuel Kant
Tuesday 21 April 2015
Quote for the day
“Always respect the marketplace. Never take anything for granted. Do your homework. Recap the day. Figure out what you did right and what you did wrong. That is one part of the homework; the other part is projective. What do I want to happen tomorrow? What happens if the opposite occurs? What happens if nothing happens? Think through all the 'what-ifs.' Anticipate and plan, rather than react.” - Tony Saliba
Monday 20 April 2015
Quote for the day
"Challenges are what make life interesting and overcoming them is what makes life meaningful." - Joshua Marine
Sunday 19 April 2015
Quote for the day
“I don't think traders can follow rules very long unless they reflect their own trading style. Eventually, a breaking point is reached and the trader has to quit or change, or find a new set of rules he can follow. This seems to be part of the process of evolution and growth as a trader.” - Ed Seykota
Saturday 18 April 2015
Coca Cola’s 70/20/10 Rule: How Can You Apply This On Your Personal Finances?
By Ian Elbanbuena
Josh Leibowitz, partner at McKinsey & Company, wrote an opinion piece about Coca-Cola’s innovation strategy, in which he posted an interesting observation:
“An important part of that success has to do with their (Coca-Cola’s) marketing investment strategy. About 70% of their investment is in “Now”, or established and successful programs; 20% goes to “new,” or emerging trends that are starting to gain traction; and 10% goes to “next,” ideas that are completely untested. This is what Coca-Cola applied to their company as a marketing strategy. It became successful tactic that led to their company’s growth and success.”
The 70/20/10 rule is a business framework usually applied in the fields of learning and innovation management. It is also sometimes applied to content planning and marketing. The manufacturing giant took this business model and used it for implementing innovative marketing ideas.
The fact that Coca-Cola is a successful global company and advertiser only extends credibility to this proposition.
But do you know that the 70/20/10 rule can also be applied to your personal finances?
The 70/20/10 Rule Applied to Personal Finances
In the same way that Coca-Cola applied the 70/20/10 rule in their marketing investment, you can also determine areas in your personal finance which you can prioritize over others. To follow Coca-Cola’s example: you could start by alloting 70% of your income to your biggest priority—which should be your daily, weekly, or monthly expenses.
Around 20% of your income should go to paying debt—a related expense but not so urgent. Finally, the remaining 10% of you income should be for savings. It seems simple but it would take a lot of determination to carry out a plan like this. If you want to apply the 70/20/10 rule to your personal finance, get started by creating a budget plan.
How To Create a Budget
A budget plan helps you track and manage your spending. Here’s how to construct one:
- Review your finances. Identify all sources of income and compute your monthly total.
- Calculate your expenses by looking at monthly bills and receipts over the past months. It helps if you keep receipts of all your purchases as it helps you track your spending.
- Assess your priorities and see which areas you can improve upon. Did you spend too much on dining or leisure? Find ways to cut back spending on non-necessities and re-asses your priorities. Spend for important things first, such as paying credit card debt.
- Define your goal. How much would you like to save in five or 10 years? What are your plans for retirement? Where do you plan to send your kids to school? If you are not in the habit of saving, better start now.
70% for Expenses
Expenses takes up the largest portion of your monthly income. These include the bills for utility (electricity, water, and gas), food, mortgage, or rent. Nowadays, even other services like internet and mobile plans are already considered a monthly expense in most households. If 70% of your income doesn’t seem to be enough, then it might be time for you to find ways to get more income.
20% for Debt Payments
Debts can be classified as an expense, although not as urgent as basic expenses. Setting aside a significant portion of your income for paying off credit cardbalance, loan payments, mortgage, and other outstanding debts enables you to be more disciplined with how you spend and budget your money. With the 70/20/10 plan, you can get some idea of when you can finally be debt-free. Little by little, you can increase the percentage you allot for savings or expenses.
10% for Savings
Designating a small portion of income for savings is important for any household. In terms of personal finance, a savings fund is useful for capital purchases like a house or a car, for your children’s college education, or any unexpected expense.
There are different methods for saving such as deposit accounts, a pension plan, or even the traditional piggy bank. Just as long as you make sure not to touch 10% of your income, you will be able to accumulate enough savings to get you through the rainy days.
How To Save More
The part of your income not spent is called savings. If you often find that there is not money enough left to save, then you might consider setting aside money for saving before you start spending. The following are other tips you can try:
- Avoid spending money for things you don’t really need, such as expensive clothes and shoes. Eating out all the time, buying cinema tickets often, or splurging on expensive coffee can put a serious dent in your budget, if you look at the bigger picture. Find ways to save applying minor tweaks in your lifestyle.
- Open a retirement fund, which will serve to help you become financially prepared when the time comes for you to stop working. Do not wait until it is too late. Start saving for retirement while you are still young and able.
- Use green products such as eco-friendly and energy efficient appliances. You can also make use of household cleaning products rather than buying commercial ones. Not only is it budget-friendly, they are also safe and non-toxic.
Consider the 70/20/10 rule as an initial step to getting on top of your personal finances and credit card debt. Although the rule may not be applicable to all—since people have different incomes and varying debts—it establishes the good practice of setting goals and assessing financial priorities.
Source: http://i2mag.com/
Quote for the day
“I know educated people who watch the news and wonder why the hell they lost money when everyone else is taking profits. The media owes it to the public to report that the market goes down not only on profit taking, but on a lot of loss taking as well.” - Mark Weinstein
Friday 17 April 2015
Quote for the day
“Out of suffering have emerged the strongest souls; the most massive characters are seared with scars.” - Khalil Gibran
Thursday 16 April 2015
Quote for the day
“Perpetual pessimists are fools, as are perpetual optimists. There are times for both in proper measure... an inflexibility of perspective is a sign of ideological distortion and / or mental weakness.” - Jack Sparrow
Wednesday 15 April 2015
Tuesday 14 April 2015
Learn the 7 Secrets for Building Unstoppable Confidence
Become more powerful and successful in everything you do.
By Lolly Daskal
Building true confidence is a gradual process. No one is going to turn into a positive, self-confident person overnight.
But if you're in need of some extra confidence, here are seven secrets for building unstoppable confidence that are no longer undercover.
1. Stop comparing yourself to others.
The worst thing you can do is compare yourself to others. Remember that you're seeing the surface of their lives, not the underlying reality. Focus instead on what's important--your own strengths and goals.
2. Remember that the loudest is not the most confident.
We tend to look to the blow-your-own-horn types as the confident ones--but some of the most successful people are gentle giants, humble and self-effacing people who turn out to be the strongest, people we admire more and more as we come to appreciate their depth.
3. Keep your limiting beliefs at bay.
Even the most successful people have limiting beliefs about themselves, but the biggest difference is that they choose to focus on their strengths and possibilities instead of their limits.
4. Live in a positive reality.
Don't say anything about yourself that you don't want to become a reality. Positive thoughts and words alone won't make you a more confident person, but confident people do think a lot of positive things about themselves. Remind yourself of what you're capable of and what you've already accomplished.
5. Don't mask it.
Self-confidence isn't the impression you give others but how you feel about yourself. It's all about who you are, where you are, and where you want to be in your own life and leadership.
6. Change what you can.
Confident people know they cannot change the past, but they can change the future. They make daily choices that lead them toward the future they want to live out.
7. Be fully committed.
Be fully committed to doing whatever you can to build your success every single day, and to accepting full responsibility for your life. If it's uncomfortable, you're probably on the right track. Don't procrastinate; do what it takes without agonizing or drama.
These seven secrets can uncover your confidence from within--the kind of confidence that gives you sole responsibility for everything in your life.
By Lolly Daskal
Building true confidence is a gradual process. No one is going to turn into a positive, self-confident person overnight.
But if you're in need of some extra confidence, here are seven secrets for building unstoppable confidence that are no longer undercover.
1. Stop comparing yourself to others.
The worst thing you can do is compare yourself to others. Remember that you're seeing the surface of their lives, not the underlying reality. Focus instead on what's important--your own strengths and goals.
2. Remember that the loudest is not the most confident.
We tend to look to the blow-your-own-horn types as the confident ones--but some of the most successful people are gentle giants, humble and self-effacing people who turn out to be the strongest, people we admire more and more as we come to appreciate their depth.
3. Keep your limiting beliefs at bay.
Even the most successful people have limiting beliefs about themselves, but the biggest difference is that they choose to focus on their strengths and possibilities instead of their limits.
4. Live in a positive reality.
Don't say anything about yourself that you don't want to become a reality. Positive thoughts and words alone won't make you a more confident person, but confident people do think a lot of positive things about themselves. Remind yourself of what you're capable of and what you've already accomplished.
5. Don't mask it.
Self-confidence isn't the impression you give others but how you feel about yourself. It's all about who you are, where you are, and where you want to be in your own life and leadership.
6. Change what you can.
Confident people know they cannot change the past, but they can change the future. They make daily choices that lead them toward the future they want to live out.
7. Be fully committed.
Be fully committed to doing whatever you can to build your success every single day, and to accepting full responsibility for your life. If it's uncomfortable, you're probably on the right track. Don't procrastinate; do what it takes without agonizing or drama.
These seven secrets can uncover your confidence from within--the kind of confidence that gives you sole responsibility for everything in your life.
Source: www.inc.com/
Quote for the day
“I'm not sure one can really define why some traders make it, while others do not. For myself, I can think of two important elements. First, I have the ability to imagine configurations of the world different from today and really believe it can happen... Second, I stay rational and disciplined under pressure.” - Bruce Kovner
Monday 13 April 2015
6 Ways to Improve Your Self-Discipline Today
By Amy Morin
You hear people say things like, “I don’t have the willpower to do that,” as they watch their friend order the salad instead of the fried chicken. It’s as if they believe that some people were simply born with divine willpower while others were overlooked as self-discipline superpowers were being handed out. The truth is, self-discipline is a learned skill, not an innate characteristic.
It’s clear that many people don’t know how to increase their self-discipline, however. In the 2011 Stress in America Survey, 27 percent of respondents said the lack of willpower was the biggest barrier to making healthy lifestyle changes. Many of the respondents agreed that they could likely increase their willpower, but the vast majority felt like the key to improved willpower was having more time to themselves. What many of the respondents may not have recognized is that increased leisure time doesn’t automatically equate to increased self-discipline.
Instead, the only way to improve your self-discipline is through intentional and dedicated practice. As with all types of self-improvement, change is difficult and it takes time. Here are six strategies to increase your self-discipline:
1. Acknowledge Your Weaknesses – Whether cookies are the downfall to your diet, or you can’t resist checking your social media accounts every two minutes, acknowledge your pitfalls. Too often people either try to pretend their weaknesses don’t exist or they try to minimize the negative impact their bad habits have on their lives. For example, many smokers think, “I could quit if I wanted to,” because they don’t want to admit they’re hooked.
2. Establish a Clear Plan – No one wakes up one day suddenly blessed with self-discipline. Instead, you need a strategy. Whether you want to increase good habits like exercising more often, or you want to eliminate bad habits like watching too much TV, develop a plan that outlines the action steps you're going to take to reach your goals.
3. Remove the Temptations When Necessary – Although we’d all like to believe we have enough willpower to resist even the most alluring enticement, it only takes one moment of weakness to convince ourselves to cave to temptation. Making it difficult to access those temptations can be pivotal to increasing self-discipline. If your weakness is Facebook, turn off the internet while you’re working. If you can’t resist overspending when you go to the mall, leave the credit card at home and only take a small amount of cash.
4. Practice Tolerating Emotional Discomfort – It’s normal to want to avoid pain and discomfort, but trying to eliminate all discomfort will only reinforce to yourself that you can’t handle distress. We can usually stand a lot more discomfort than we think we can. Practice allowing yourself to experience uncomfortable emotions like boredom, frustration, sadness, or loneliness and increase your tolerance to the negative emotions that you may experience as you increase your self-discipline.
5. Visualize the Long-Term Rewards – You’ll be less likely to cave to temptation when you focus on the long-term gain. Giving in to today’s temptations may make you feel happy now, but long-term happiness and contentment requires you to forgo immediate gratification. Visualize yourself meeting your goals and reaping the rewards that you’ll gain by practicing self-discipline on a daily basis.
6. Recover From Mistakes Effectively – Self-discipline comes easier on some days than others. If you’re feeling stressed about an upcoming presentation, you may convince yourself to skip your workout. Or if you’re ecstatic about your most recent business deal, you may let your good habits slide for a bit. Making mistakes is part of the process to becoming better. The way you recover from those mistakes is what’s most important. The key is to acknowledge your mistakes and move on from them with even more resolve to do better next time.
It’s not surprising that those who lack self-discipline are somewhat envious of those who seem to be able to exert impressive self-control. After all, self-discipline is the key to reaching your goals and creating a better life. The good news is we all have the ability to be self-disciplined—it just takes practice.
Source: www.psychologytoday.com
Quote for the day
"If you want to make a permanent change, stop focusing on the size of your problems and start focusing on the size of you!" - T. Harv Eker
Sunday 12 April 2015
Quote for the day
“You've got to look at good traders historically. If a trader can on average annually deliver two to three times their worst drawdown, then that's a very good track record, and I'd say that that's what I try to do.” - Paul Tudor Jones
Saturday 11 April 2015
13 Ways Successful People Deal With Toxic People
By Casey Imafidon
Among friends, family and co-workers, there are those whose attitudes can be demeaning and toxic. It is difficult relating to some of these people and thus it becomes a challenge. So how do we get out from the hole and be masters of our own fates?
The best way is to learn from successful people how they have approached the same role of winning the war against toxic individuals.
1. They set limits
Toxic people try to consume you and make you swim deep in their problems. They don’t want to see solutions so they can waste your time by pressuring you to join their pity party.
Successful people understand that there is a fine line between offering to listen to the problems and getting themselves involved too deep in the negative emotional twists of such complainers. That is why they set limits and distance themselves when necessary.
Among friends, family and co-workers, there are those whose attitudes can be demeaning and toxic. It is difficult relating to some of these people and thus it becomes a challenge. So how do we get out from the hole and be masters of our own fates?
The best way is to learn from successful people how they have approached the same role of winning the war against toxic individuals.
1. They set limits
Toxic people try to consume you and make you swim deep in their problems. They don’t want to see solutions so they can waste your time by pressuring you to join their pity party.
Successful people understand that there is a fine line between offering to listen to the problems and getting themselves involved too deep in the negative emotional twists of such complainers. That is why they set limits and distance themselves when necessary.
Quote for the day
“Whenever a trader says 'I wish,' or 'I hope,' he is engaging in a destructive way of thinking because it takes attention away from the diagnostic process. ” - Bruce Kovner
Friday 10 April 2015
Quote for the day
“Dealings should be in the active stocks. In order to make a profit, a stock must move. A great deal of money and many opportunities are lost by traders who keep themselves tied up in stocks which are sluggish in their action. In a commercial line you would not carry goods on your shelves indefinitely -- you would keep your stock moving. In trading, keep on moving stocks!” - Richard D. Wyckoff
Thursday 9 April 2015
Quote for the day
“Discovery is dangerous… but so is life. A man unwilling to take risk is doomed never to learn, never to grow, never to live.” - Pardot Kynes
Wednesday 8 April 2015
Quote for the day
“Nobody on Wall Street has a monopoly on truth. Market strategists don't. Money managers and investment-newsletter writers don't. Brokers, financial planners and insurance agents don't. Newpaper columnists don't. So treat all financial advice with caution. Look at every investment and every investment strategy with profound skepticism. Think long and hard about every financial myth.” - Jonathon Clements
Tuesday 7 April 2015
Quote for the day
“Wisdom requires an experience-based knowledge of the world (including, especially, the world of human nature). It requires mental focus, reflecting the ability to analyze and discern the most important aspects of acquired knowledge, knowing what to use and what to discard, almost on a case by case basis (put another way, it requires knowing when to follow rules, but also when the usual rules no longer apply). It requires mediating, refereeing, between the frequently conflicting inputs of emotion and reason, of narrow self-interest and broader social interest, of instant rewards or future gains.” - Stephen Hall
Monday 6 April 2015
Quote for the day
“Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by pure stupidity – or, rather, inattention, misinformation about fundamentals, and an exaggerated focus on currently circulating stories.” - Robert J. Shiller
How To Build An Awesome Life You’ve Always Wanted
Everyone wants to live a happy and fulfilling life, but often don’t get to do that because they don’t know how. Many know that it’s important to have goals in life, but don’t understand the steps necessary to achieve those goals. For instance, in order to attain your goals, you must first be happy. If you start out miserable or depressed you’ll only make things harder on yourself.
The infographic below is based on the speech “Why Happiness is the New Productivity,” by Vishen Lakhiani in Calgary. With it you’ll learn how to build an awesome life, but first you must achieve a state of “Flow.” If you’re unfamiliar with the Flow state, you can learn just what this enjoyable mental state is all about in the infographic as well.
The infographic below is based on the speech “Why Happiness is the New Productivity,” by Vishen Lakhiani in Calgary. With it you’ll learn how to build an awesome life, but first you must achieve a state of “Flow.” If you’re unfamiliar with the Flow state, you can learn just what this enjoyable mental state is all about in the infographic as well.
As you’ll see, it’s important to balance your present and future. One cannot tap into their greatness by focusing on building a career. Instead, one must focusing on building a life.
Do you agree with Lakhiani’s theories when it comes to being successful in life and eliminating failure? If so, be sure to share this this hack on building an awesome life you’ve always wanted with your family and friends.
http://www.lifehack.org/
Sunday 5 April 2015
Quote for the day
“If you care about ego and I don't, then I will always best you in the end, because ego is an impediment to growth and learning and thus to winning. Real strength is not ability to maintain a prideful self-image, but willingness to completely discard that image in pursuit of a higher goal.” - Jack Sparrow
Saturday 4 April 2015
5 Toxic Beliefs That Make Success Impossible
By Jeff Haden
Success starts with thinking differently from everyone else, because then you can achieve differently from everyone else.
It's hard to think differently and be able to dream new dreams. We'd all like to be visionary thinkers like Bezos, Buffett, and Branson (the Three B's of Bold Thinking) and achieve great things.
But most of us aren't bold visionaries. (I'm definitely not.)
And that's OK, because while you and I might never come up with the next big thing, we can decide to think differently from other people--and in the process, achieve differently from other people.
Here are five things people think that ruin their chances for success... and more importantly how you can think differently:
1."I never get the right opportunities."
Hey, join the (very large) club. No matter how it looks from the outside, no one is given opportunities they don't deserve. Opportunities are earned. (And even if someone else did get an opportunity you feel you deserved, you can't change that fact, so why dwell on it?)
Maybe, years ago, you did have to wait: To be accepted, to be promoted, to be selected... to somehow be "discovered."
Even if that was once, true it's not true anymore. Access to opportunity is nearly unlimited. You can connect with nearly anyone through social media. You can create and sell your own products, develop and distribute your own applications, find your own funding....
You don't need to wait for someone else to give you the opportunity. You can give yourself the opportunity--which, by the way, is what successful people have done for centuries.
The only thing holding you back from seizing an opportunity is you--and your willingness to try.
Don't think about opportunities you need to be given; think about opportunities you need to take.
2. "Someone is always holding me back."
Maybe someone else has ruined opportunities or blocked ideas or taken what was rightfully yours. Maybe suppliers didn't come through. Maybe your partner wasn't committed. Maybe potential customers weren't smart enough to recognize the value you provide.
Doesn't matter. You can't control other people. You can only control yourself.
When you fail, always decide it was your fault. Not only is that a smart way to think, but it's also almost always true as well. While occasionally something completely outside your control will cause you to fail, most of the time it really is you.
And that's OK. Every successful person has failed numerous times. Most have failed a lot more often than you have; that's one reason why they're so successful today.
Embrace every failure. Own it, learn from it, and take full responsibility for making sure that next time you'll do what it takes to make sure things turn out differently.
Never think it's another person's fault; when you do, you're guaranteeing it always will be.
3. "I just don't have enough time."
Sure you do. You have the same amount of time as everyone else. The key is to decide how you will fill your time.
For example, anyone can create a schedule. But most people don't ensure that every task takes only as long as it needs to take. Most people fill a block of time, either given or self-determined, simply because that is the time allotted.
Don't adjust your effort so it fills a time frame. Instead, do everything as quickly and effectively as you can. Then use your "free" time to get other things done...just as quickly and effectively.
Never think about how time controls you--instead, think of how you can best control your time.
When you do, you'll quickly realize you have a lot more time than you think.
4. "Sure, I would do that... if I knew it would be worth it."
Ever heard someone say, "If I knew I would get a raise, then I would be willing to work a lot harder"? Or, "If I knew my start-up would succeed, then I would definitely be willing to put in more hours"? Or, "If I knew there would be a bigger payoff, then I would be willing to sacrifice more"?
Successful employees earn promotions and higher pay by first working harder; in other words, they earn their success. Successful businesses earn higher revenue by delivering greater value first; they earn their success.
Successful people, in all areas of life, earn bigger "payoffs" by working incredibly hard well before any potential return is in sight; they earn their success through effort and sacrifice.
Most people expect to get more before they will ever consider doing more.
To succeed, think of compensation not as the driver or requirement for exceptional effort, but as the deserved reward.
5. "But there's just nothing special about me."
It's easy, and tempting, to assume successful people have some intangible entrepreneurial something--ideas, talent, drive, skills, creativity, etc.--that you simply don't have.
That's rarely true. Talents typically reveal themselves only in hindsight. Success is never assured; it only looks that way after it is achieved.
Sure, other people may have skills you don't have (at least not yet), but you have skills other people don't have. You don't need a gift. You just need yourself--and a willingness to put in a tremendous amount of hard work, effort, and perseverance--because that is where talent comes from.
Never think about what you don't have. Focus on what you do have--and more importantly, what you are willing to do that others are not.
That is your true gift--and it's a gift we've all been given.
You just have to use it.
Success starts with thinking differently from everyone else, because then you can achieve differently from everyone else.
It's hard to think differently and be able to dream new dreams. We'd all like to be visionary thinkers like Bezos, Buffett, and Branson (the Three B's of Bold Thinking) and achieve great things.
But most of us aren't bold visionaries. (I'm definitely not.)
And that's OK, because while you and I might never come up with the next big thing, we can decide to think differently from other people--and in the process, achieve differently from other people.
Here are five things people think that ruin their chances for success... and more importantly how you can think differently:
1."I never get the right opportunities."
Hey, join the (very large) club. No matter how it looks from the outside, no one is given opportunities they don't deserve. Opportunities are earned. (And even if someone else did get an opportunity you feel you deserved, you can't change that fact, so why dwell on it?)
Maybe, years ago, you did have to wait: To be accepted, to be promoted, to be selected... to somehow be "discovered."
Even if that was once, true it's not true anymore. Access to opportunity is nearly unlimited. You can connect with nearly anyone through social media. You can create and sell your own products, develop and distribute your own applications, find your own funding....
You don't need to wait for someone else to give you the opportunity. You can give yourself the opportunity--which, by the way, is what successful people have done for centuries.
The only thing holding you back from seizing an opportunity is you--and your willingness to try.
Don't think about opportunities you need to be given; think about opportunities you need to take.
2. "Someone is always holding me back."
Maybe someone else has ruined opportunities or blocked ideas or taken what was rightfully yours. Maybe suppliers didn't come through. Maybe your partner wasn't committed. Maybe potential customers weren't smart enough to recognize the value you provide.
Doesn't matter. You can't control other people. You can only control yourself.
When you fail, always decide it was your fault. Not only is that a smart way to think, but it's also almost always true as well. While occasionally something completely outside your control will cause you to fail, most of the time it really is you.
And that's OK. Every successful person has failed numerous times. Most have failed a lot more often than you have; that's one reason why they're so successful today.
Embrace every failure. Own it, learn from it, and take full responsibility for making sure that next time you'll do what it takes to make sure things turn out differently.
Never think it's another person's fault; when you do, you're guaranteeing it always will be.
3. "I just don't have enough time."
Sure you do. You have the same amount of time as everyone else. The key is to decide how you will fill your time.
For example, anyone can create a schedule. But most people don't ensure that every task takes only as long as it needs to take. Most people fill a block of time, either given or self-determined, simply because that is the time allotted.
Don't adjust your effort so it fills a time frame. Instead, do everything as quickly and effectively as you can. Then use your "free" time to get other things done...just as quickly and effectively.
Never think about how time controls you--instead, think of how you can best control your time.
When you do, you'll quickly realize you have a lot more time than you think.
4. "Sure, I would do that... if I knew it would be worth it."
Ever heard someone say, "If I knew I would get a raise, then I would be willing to work a lot harder"? Or, "If I knew my start-up would succeed, then I would definitely be willing to put in more hours"? Or, "If I knew there would be a bigger payoff, then I would be willing to sacrifice more"?
Successful employees earn promotions and higher pay by first working harder; in other words, they earn their success. Successful businesses earn higher revenue by delivering greater value first; they earn their success.
Successful people, in all areas of life, earn bigger "payoffs" by working incredibly hard well before any potential return is in sight; they earn their success through effort and sacrifice.
Most people expect to get more before they will ever consider doing more.
To succeed, think of compensation not as the driver or requirement for exceptional effort, but as the deserved reward.
5. "But there's just nothing special about me."
It's easy, and tempting, to assume successful people have some intangible entrepreneurial something--ideas, talent, drive, skills, creativity, etc.--that you simply don't have.
That's rarely true. Talents typically reveal themselves only in hindsight. Success is never assured; it only looks that way after it is achieved.
Sure, other people may have skills you don't have (at least not yet), but you have skills other people don't have. You don't need a gift. You just need yourself--and a willingness to put in a tremendous amount of hard work, effort, and perseverance--because that is where talent comes from.
Never think about what you don't have. Focus on what you do have--and more importantly, what you are willing to do that others are not.
That is your true gift--and it's a gift we've all been given.
You just have to use it.
Quote for the day
“It is much better to learn the lesson that you can lose everything when you don't have that much money than to learn the same lesson later on.” - Mark Minervini
Friday 3 April 2015
Quote for the day
“Fear is the greatest obstacle to learning. But fear is your best friend. Fear is like fire. If you learn to control it, you let it work for you. If you don't learn to control it, it'll destroy you and everything around you.” - Cus D'Amato
Thursday 2 April 2015
Quote for the day
“There are two mistakes one can make along the road to truth... not going all the way, and not starting.” - Siddhartha Gautama (Buddha)
Wednesday 1 April 2015
CSE - Percentage wise Top 25 Gainers and Losers in March 2015 & YTD
Top 25 Gainers in March 2015
Top 25 Losers in March 2015
Top 25 Gainers YTD (Year-to-date)
Top 25 Losers YTD (Year-to-date)
Top 25 Losers in March 2015
Top 25 Gainers YTD (Year-to-date)
Top 25 Losers YTD (Year-to-date)
Quote for the day
“It's difficult identifying someone who is a good trader versus someone who is a good analyst because the two don't always mesh. There are some people who are really good thinkers but can't make money and there are other people who aren't the greatest thinkers but who end up making tons of money trading.” - Jim Leitner
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