Thursday, 31 March 2016
Quote for the day
“The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.” - Vince Lombardi
Wednesday, 30 March 2016
Quote for the day
“Intelligent people who are open to recognizing and learning from their mistakes substantially outperform people with the same abilities who aren't open in the same way. Yet it is far more common for people to let their egos stand in the way of learning.” - Ray Dalio
Tuesday, 29 March 2016
Quote for the day
“The good trader knows how to actively manage risk and run a position. A good analyst should help find the trade or look for pitfalls in the trade. The key difference is in their stomachs. The great traders I know are able to manage large position sizes. That’s what makes them great.” - Andres Drobny
Monday, 28 March 2016
Quote for the day
”In essence, if we want to direct our lives, we must take control of our consistent actions. It’s not what we do once in a while that shapes our lives, but what we do consistently.” – Tony Robbins
Sunday, 27 March 2016
Quote for the day
“Learn from your mistakes. Don't be misled by the day-to-day fluctuations in your equity. Focus on whether what you are doing is right, not on the random nature of any single trade's outcome.” - Richard Dennis
Saturday, 26 March 2016
15 Ways Millionaires Manage Their Money That Make Them Richer
By John Rampton
1. They're not impulsive.
How many times have you made an impulse decision while at the grocery store? Or how about when you are on Amazon? It's common for most of people to make a few impulsive decisions when making purchases. Millionaires, however, have the ability to delay gratification and hold back on making impulsive decisions.
There was a famous study conducted by Dr. Walter Mischel at Stanford in the 1960s that backs up this claim. Dr. Mischel gave preschoolers the choice of eating one marshmallow whenever they wanted. The other option was to wait until the adult came back into the room. If they could stand to wait until the adult came back into the room, they would received two marshmallows. Dr. Mischel has continued to follow his subjects through the years, and he discovered that those children who could wait for the marshmallows in order to receive two marshmallows instead of only receiving one, “have a lower BMI, lower rates of addiction, a lower divorce rate and higher SAT scores.”
Quote for the day
“An excellent decision maker and a bad decision maker will both make mistakes. The difference is what causes them to make mistakes and the frequency of their mistakes.” - Ray Dalio
Friday, 25 March 2016
Quote for the day
“It is not so much brilliancy of intellect, or fertility of resource, as persistence of effort, constancy of purpose, that makes a great man. Those who succeed in life are the men and women who keep everlastingly at it, who do not believe themselves geniuses, but who know that if they ever accomplish anything they must do it by determined and persistent industry.” - Orison Swett Marden
Thursday, 24 March 2016
Quote for the day
“Everything relates to failure. We grow up experiencing failure as children and then we go through it as adults. The key is understanding that failure is how we improve. You do this not by ignoring the failure, but by recognizing it, examining it thoroughly and not making any changes until you truly understand it.” - Henry Petroski
Wednesday, 23 March 2016
Quote for the day
“The best trades are the ones in which you have all three things going for you: fundamentals, technicals, and market tone. First, the fundamentals should suggest that there is an imbalance of supply and demand, which could result in a major move. Second, the chart must show that the market is moving in the direction that the fundamentals suggest. Third, when news comes out, the market should act in a way that reflects the right psychological tone.” - Michael Marcus
Tuesday, 22 March 2016
How Big Is Samsung?
We've heard enough of Apple, Microsoft and Google. Have you ever wondered about Samsung? The company started way back in 1938 --- before even World War II started.
Samsung company wasn't even in the electronic business until 1960s. The company used to sell local groceries and noodles with initially 40 employees. Do you know the world's tallest skyscraper Burj Khalifa? Would you be amazed if we told you that Samsung built that skyscraper?
How big do you think the Samsung company is? They're the leader of most electronic devices and appliances. Most of you are familiar with it, but there are way more to know.
It's pretty amazing to know the company that you're mostly only known about its electronic business has many other businesses running throughout the world. To put things into the view, Anup Kayastha from TufiTech.com has created an interesting infographic about Samsung. Check it out below.
Samsung company wasn't even in the electronic business until 1960s. The company used to sell local groceries and noodles with initially 40 employees. Do you know the world's tallest skyscraper Burj Khalifa? Would you be amazed if we told you that Samsung built that skyscraper?
How big do you think the Samsung company is? They're the leader of most electronic devices and appliances. Most of you are familiar with it, but there are way more to know.
It's pretty amazing to know the company that you're mostly only known about its electronic business has many other businesses running throughout the world. To put things into the view, Anup Kayastha from TufiTech.com has created an interesting infographic about Samsung. Check it out below.
http://www.visualistan.com/
Quote for the day
“If I want to be the best, I have to take risks others would avoid, always optimizing the learning potential of the moment and turning adversity to my advantage.” - Josh Waitzkin
Monday, 21 March 2016
Quote for the day
“Wall Street is a tough teacher but also a good teacher. If you have any weakness — arrogance, laziness, stinginess, cowardice, procrastination — the market will zero in on that weakness and make you pay dearly.” - Richard Russell
Sunday, 20 March 2016
Quote for the day
“I think investment psychology is by far the most important element, followed by risk control, with the least important consideration being the question of where you buy and sell.” - Tom Basso
Saturday, 19 March 2016
57 Easy Ways to Be Happier and More Successful
A collection of guidelines to keep you focused, productive, and satisfied at work.
By Geoffrey James
I've already posted most of the advice below but scattered among five or six posts. I thought it would be useful to collect all of my happiness and success rules in a single place. Enjoy!
1. Assume people have good intentions.
Since you can't read minds, you don't really know the "why" behind the "what" that people do. Imputing evil motives to other people's weird behaviors adds extra misery to life, while assuming good intentions leaves you open to reconciliation.
2. Avoid using negative words.
Stop using negative phrases...such as "I can't," "It's impossible," or "This won't work." Stop using profanity, too. What comes out of your mouth programs your mind. When you talk trash, you're transforming your brain into trash.
3. Avoid spending time with stressed-out people.
You may not realize it, but your physiology is programmed to mirror the physiology of those around you. In other words, you can "catch" stress from other people. So although it may not be possible to avoid stressed people all the time, avoid them as far as possible.
4. Begin each day with expectation.
If there's any big truth about life, it's that it usually lives up to (or down to) your expectations. Therefore, when you rise from bed, make your first thought be, "Something wonderful is going to happen today." Guess what? You're probably right.
By Geoffrey James
I've already posted most of the advice below but scattered among five or six posts. I thought it would be useful to collect all of my happiness and success rules in a single place. Enjoy!
1. Assume people have good intentions.
Since you can't read minds, you don't really know the "why" behind the "what" that people do. Imputing evil motives to other people's weird behaviors adds extra misery to life, while assuming good intentions leaves you open to reconciliation.
2. Avoid using negative words.
Stop using negative phrases...such as "I can't," "It's impossible," or "This won't work." Stop using profanity, too. What comes out of your mouth programs your mind. When you talk trash, you're transforming your brain into trash.
3. Avoid spending time with stressed-out people.
You may not realize it, but your physiology is programmed to mirror the physiology of those around you. In other words, you can "catch" stress from other people. So although it may not be possible to avoid stressed people all the time, avoid them as far as possible.
4. Begin each day with expectation.
If there's any big truth about life, it's that it usually lives up to (or down to) your expectations. Therefore, when you rise from bed, make your first thought be, "Something wonderful is going to happen today." Guess what? You're probably right.
Friday, 18 March 2016
Quote for the day
“The crowd is NOT 'always wrong'... it is only wrong at turning points.” - Jack Sparrow
Thursday, 17 March 2016
Quote for the day
"Whosoever desires constant success must change his conduct with the times." - Niccolo Machiavelli
Wednesday, 16 March 2016
Tuesday, 15 March 2016
Monday, 14 March 2016
Quote for the day
“A great trader is like a great athlete. You have to have natural skills, but you have to train yourself how to use them.” - Marty Schwartz
Sunday, 13 March 2016
What does it take to become successful?
By Tyrone Charles Solee
What does it take to become successful? Success has a lot of meaning to each of us. You can achieve success financially, success emotionally, success spiritually, etc.
In a recent addition to my learnings to become a successful entrepreneur and investor, I’ve learned about John Wooden’s Pyramid of Success.
John Wooden is a retired American basketball coach. He is a member of the Basketball Hall of Fame as both a player (class of 1961) and as a coach (class of 1973). He has authored a lecture and a book about the Pyramid of Success. The Pyramid of Success consists different philosophical building blocks for winning at basketball which can then be applied to become successful in life.
According to John Wooden’s Pyramid of Success, “Success” is at the apex of the pyramid.
“Success is peace of mind which is a direct result of knowing you did your best to become the best that you are capable of becoming,” says John Wooden
In order to achieve this success, one must follow 15 traits to become successful. These traits are so-called building blocks of success. Let’s discuss each of these traits starting from the bottom to the top.
Industriousness. John Wooden says: “Hardwork results in worthwhile accomplishments.” True enough, I think success is 90% perspiration and 10% luck. You need to act in order to succeed.
Honesty. John Wooden says: “Truthfulness should always prevail. Tell it like it is and not how you wish it to be.” Honesty is the best policy and the truth will set you free.
Friendship and loyalty. John Wooden says: “Friendship comes from mutual esteem, respect, and devotion. A sincere liking for all.” No man is an island. In order to achieve success, you must mingle with successful people. Find mentors and learn from them.
Cooperation. John Wooden says: “Cooperation with all levels of your co-workers is essential. Help others and see the other side”.” Two heads are always better than one. No once can be successful in its own. It is always a team effort. Learn to cooperate by sharing your knowledge and gain some knowledge as well from other people.
Enthusiasm. John Wooden says: “Your heart must be in your work. Stimulate others.” You must have the passion in what you do for if you have that passion and you keep it burning, your chances of achieving success in reaching those goals are high.
Self-Control. John Wooden says: “Keep emotions under control. Delicate adjustment between mind and body is needed. Keep judgment and common sense.” As the famous self-motivation coach Anthony Robbins said that our emotions are one of the keys to our health. Your emotions are somehow connected to your health and success. If you are a happy person, you will attract a lot of positive things. Positive things are always associated with success. Same thing goes for negative emotions. If you are always angry, then chances are you will attract negative emotions too.
Alertness. John Wooden says: “Ask rigorous questions. Be skilled in scientific reasoning.” Curiousity leads to knowledge.
Initiative. John Wooden says: “Summon the courage to make a decision and take action.” Sometimes, you need to take the initiative to take the proper actions without being told to do. Be proactive!
Intentness. John Wooden says: “Harness your ability to resist temptation and stay with your course. Concentrate on your objective and be determined to reach your goal.” If there’s a will, there’s a way. Aim high and stay focus in achieving your goals. It all boils down on how strong your will power is.
Condition. John Wooden says: “Mental, moral, physical and diet must be considered. Moderation must be practiced. Dissipation must be eliminated.” Everything that is excess and deficient is detrimental. Moderation is the key.
Skill. John Wooden says: “Skills are knowledge of and the ability to properly execute the fundamentals. Be prepared. Cover every details.” Skill must be developed. Constant education is the key in improving one’s skills.
Team Spirit. John Wooden says: “You must have an eagerness to sacrifice personal interests or glory for the welfare of all. The team comes first.” Sometimes, we need to set aside our personal concerns for the higher benefit of most people. Successful leaders are servants to their people.
Poise. John Wooden says: “Just be yourself. Be at ease in any situation. Never fight yourself.” Be true to yourself. Be comfortable in any situation. Don’t be pretentious.
Confidence. John Wooden says: “You should respect without fear. Be confident, not cocky. Confidence may come from faith in yourself in knowing that you are prepared.” Having faith in one’s self is the key. To have faith is to be prepared. You cannot win a war unless you are prepared. Same thing for success. Success comes with thorough preparation and planning.
Competitive Greatness. John Wooden says: “When the going gets tough, the tough get going. Be at your best when your best is needed. Real love of a hard battle.” Ultimately, success relies in yourself. It’s you who will make yourself successful and not others. Develop that attitude to be the best when your best is needed.
How about you, what’s your idea of success? What does it take for you to become successful?
In a recent addition to my learnings to become a successful entrepreneur and investor, I’ve learned about John Wooden’s Pyramid of Success.
John Wooden is a retired American basketball coach. He is a member of the Basketball Hall of Fame as both a player (class of 1961) and as a coach (class of 1973). He has authored a lecture and a book about the Pyramid of Success. The Pyramid of Success consists different philosophical building blocks for winning at basketball which can then be applied to become successful in life.
According to John Wooden’s Pyramid of Success, “Success” is at the apex of the pyramid.
“Success is peace of mind which is a direct result of knowing you did your best to become the best that you are capable of becoming,” says John Wooden
In order to achieve this success, one must follow 15 traits to become successful. These traits are so-called building blocks of success. Let’s discuss each of these traits starting from the bottom to the top.
Industriousness. John Wooden says: “Hardwork results in worthwhile accomplishments.” True enough, I think success is 90% perspiration and 10% luck. You need to act in order to succeed.
Honesty. John Wooden says: “Truthfulness should always prevail. Tell it like it is and not how you wish it to be.” Honesty is the best policy and the truth will set you free.
Friendship and loyalty. John Wooden says: “Friendship comes from mutual esteem, respect, and devotion. A sincere liking for all.” No man is an island. In order to achieve success, you must mingle with successful people. Find mentors and learn from them.
Cooperation. John Wooden says: “Cooperation with all levels of your co-workers is essential. Help others and see the other side”.” Two heads are always better than one. No once can be successful in its own. It is always a team effort. Learn to cooperate by sharing your knowledge and gain some knowledge as well from other people.
Enthusiasm. John Wooden says: “Your heart must be in your work. Stimulate others.” You must have the passion in what you do for if you have that passion and you keep it burning, your chances of achieving success in reaching those goals are high.
Self-Control. John Wooden says: “Keep emotions under control. Delicate adjustment between mind and body is needed. Keep judgment and common sense.” As the famous self-motivation coach Anthony Robbins said that our emotions are one of the keys to our health. Your emotions are somehow connected to your health and success. If you are a happy person, you will attract a lot of positive things. Positive things are always associated with success. Same thing goes for negative emotions. If you are always angry, then chances are you will attract negative emotions too.
Alertness. John Wooden says: “Ask rigorous questions. Be skilled in scientific reasoning.” Curiousity leads to knowledge.
Initiative. John Wooden says: “Summon the courage to make a decision and take action.” Sometimes, you need to take the initiative to take the proper actions without being told to do. Be proactive!
Intentness. John Wooden says: “Harness your ability to resist temptation and stay with your course. Concentrate on your objective and be determined to reach your goal.” If there’s a will, there’s a way. Aim high and stay focus in achieving your goals. It all boils down on how strong your will power is.
Condition. John Wooden says: “Mental, moral, physical and diet must be considered. Moderation must be practiced. Dissipation must be eliminated.” Everything that is excess and deficient is detrimental. Moderation is the key.
Skill. John Wooden says: “Skills are knowledge of and the ability to properly execute the fundamentals. Be prepared. Cover every details.” Skill must be developed. Constant education is the key in improving one’s skills.
Team Spirit. John Wooden says: “You must have an eagerness to sacrifice personal interests or glory for the welfare of all. The team comes first.” Sometimes, we need to set aside our personal concerns for the higher benefit of most people. Successful leaders are servants to their people.
Poise. John Wooden says: “Just be yourself. Be at ease in any situation. Never fight yourself.” Be true to yourself. Be comfortable in any situation. Don’t be pretentious.
Confidence. John Wooden says: “You should respect without fear. Be confident, not cocky. Confidence may come from faith in yourself in knowing that you are prepared.” Having faith in one’s self is the key. To have faith is to be prepared. You cannot win a war unless you are prepared. Same thing for success. Success comes with thorough preparation and planning.
Competitive Greatness. John Wooden says: “When the going gets tough, the tough get going. Be at your best when your best is needed. Real love of a hard battle.” Ultimately, success relies in yourself. It’s you who will make yourself successful and not others. Develop that attitude to be the best when your best is needed.
How about you, what’s your idea of success? What does it take for you to become successful?
Source: www.millionaireacts.com/
Quote for the day
“Although the cheetah is the fastest animal in the world and can catch any animal on the plains, it will wait until it is absolutely sure it can catch its prey. It may hide in the bush for a week, waiting for just the right moment. It will wait for a baby antelope, and not just any baby antelope, but preferably one that is also sick or lame. Only then, when there is no chance it can lose its prey, does it attack. That, to me, is the epitome of professional trading.” - Mark Weinstein
Saturday, 12 March 2016
10 Keys to Being A Trader, Not A Gambler
There is a big difference between a trader and a gambler.
Many people think they are traders when they are really just gamblers that could get better odds in Las Vegas betting on the roulette wheel than what they get in the financial markets. The difference between a trader and a gambler is similar to the difference between a casino and a gambler. The casino paradigm for traders was introduced in “Trade like a Casino” by Richard Weissman and this thinking process can really help traders become profitable.
THE EDGE
Why would the casinos in Las Vegas be so big and luxurious and gamblers mostly just be broke? Casinos have a statistical edge in their games of chance against the players of those games. Time is the friend of the casino and the enemy of the gambler. The more someone tries to beat the casino the more their chances of losing in their attempt. The casino also has table limits so a gambler cannot keep doubling down to eventually win there is a ceiling to the bet size the casino is willing to take the risk on. The casino does not risk its business and profitability on any one trade it has table limits to make sure no one win makes any difference in its profit and loss statement. The casino allows its edge to play out over a huge amount of trades so the odds come back in its favor over a large sample size of bets.
Another huge edge that the casino has is that it has no emotions; the casino does not care about any player and whether that player is winning or losing. In contrast the gambler is filled with emotions wanting to win back all their losses so they trade with the odds against them and usually trade bigger and bigger wanting that one win to get them back to even when it usually just takes them into bigger and bigger losses. Another plague of the gambler is that even after winning streaks they do not take their profits and leave with their money, they stick around and lose it all either through getting arrogant and trading too big or losing their discipline in their strategy that was working for awhile. Gamblers are generally doomed to be losers.
Ten Ways to Be a Trader NOT a Gambler
The question is what side of the market are you operating on? Are you with the majority who gamble and lose their money or are you with the minority acting as the casino picking up the profits that the gamblers consistently lose?
Source: www.newtraderu.com
Many people think they are traders when they are really just gamblers that could get better odds in Las Vegas betting on the roulette wheel than what they get in the financial markets. The difference between a trader and a gambler is similar to the difference between a casino and a gambler. The casino paradigm for traders was introduced in “Trade like a Casino” by Richard Weissman and this thinking process can really help traders become profitable.
THE EDGE
Why would the casinos in Las Vegas be so big and luxurious and gamblers mostly just be broke? Casinos have a statistical edge in their games of chance against the players of those games. Time is the friend of the casino and the enemy of the gambler. The more someone tries to beat the casino the more their chances of losing in their attempt. The casino also has table limits so a gambler cannot keep doubling down to eventually win there is a ceiling to the bet size the casino is willing to take the risk on. The casino does not risk its business and profitability on any one trade it has table limits to make sure no one win makes any difference in its profit and loss statement. The casino allows its edge to play out over a huge amount of trades so the odds come back in its favor over a large sample size of bets.
Another huge edge that the casino has is that it has no emotions; the casino does not care about any player and whether that player is winning or losing. In contrast the gambler is filled with emotions wanting to win back all their losses so they trade with the odds against them and usually trade bigger and bigger wanting that one win to get them back to even when it usually just takes them into bigger and bigger losses. Another plague of the gambler is that even after winning streaks they do not take their profits and leave with their money, they stick around and lose it all either through getting arrogant and trading too big or losing their discipline in their strategy that was working for awhile. Gamblers are generally doomed to be losers.
Ten Ways to Be a Trader NOT a Gambler
- Trade based on the probabilities NOT the potential profits.
- Trade small position sizes based on your account NEVER put your whole account at risk of ruin.
- Trade a plan NOT emotions.
- Always enter a trade with an edge that can be defined DO NOT trade with entries that are only opinions.
- Trade based on quantifiable facts NOT opinions.
- Trade after extensive research on what works and what does not. Don’t trade in ignorance.
- Trade with the correct position sizing since risk management is your number one priority and profits are secondary concern.
- Trade in a way that eliminates any chance of financial ruin NOT to get rich quick.
- Trade with discipline and focus DO NOT change the way you trade suddenly due to winning or losing streaks.
- Trade in the present moment and DO NOT get biased due to old wins or losses.
The question is what side of the market are you operating on? Are you with the majority who gamble and lose their money or are you with the minority acting as the casino picking up the profits that the gamblers consistently lose?
Source: www.newtraderu.com
Quote for the days
“The tendency on the part of investors toward gullibility rather than scepticism is an important reason styles go to extremes.” - Howard Marks
Friday, 11 March 2016
Quote for the day
"I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you." - Charlie Munger
Thursday, 10 March 2016
Quote for the day
“A margin of safety is achieved when securities are purchased at prices sufficiently below underlying value to allow for human error, bad luck, or extreme volatility in a complex, unpredictable and rapidly changing world.” - Seth Klarman
Wednesday, 9 March 2016
Quote for the day
“Economic theory needs to be fundamentally reconsidered. There is an element of uncertainty in economic processes that has been largely left unaccounted for... We must take a radically different view of the role that thinking plays in shaping events.” - George Soros
Tuesday, 8 March 2016
Monday, 7 March 2016
Quote for the day
"Good luck is what happens when preparation meets opportunity, bad luck is what happens when lack of preparation meets a challenge." - Paul Krugman
Sunday, 6 March 2016
Quote for the day
“In trading, you can't hide your failures. Your equity provides a daily reflection of your performance. The trader who tries to blame his losses on external events will never learn from his mistakes.” - Victor Sperandeo
Saturday, 5 March 2016
Quote for the day
“Being prepared, on a few occasions in a lifetime, to act promptly in scale in doing some simple and logical thing will often dramatically improve the financial results of that lifetime. A few major opportunities, clearly recognizable as such, will usually come to one who continuously searches and waits, with a curious mind, loving diagnosis involving multiple variables. And then all that is required is a willingness to bet heavily when the odds are extremely favourable, using resources available as a result of prudence and patience in the past.” - Charlie Munger
Friday, 4 March 2016
Quote for the day
“Financial peace isn't the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this.” – Dave Ramsey
Thursday, 3 March 2016
Quote for the day
“One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It’s your window into a very large world” - Ron Chernow
Wednesday, 2 March 2016
Quote for the day
"A problem is something you have hopes of changing. Anything else is a fact of life." - S.R. Smith
Tuesday, 1 March 2016
CSE - Percentage wise Top 25 Gainers and Losers in February 2016 & YTD
Top 25 Gainers in February 2016
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