Quote for the day

“The art of being wise is the art of knowing what to overlook.” - William James

Colombo Stock Exchange Trade Summary 18-Apr-2016

Quote for the day

“Success, real success, in any endeavour demands more from an individual than most people are willing to offer-not more than they are capable of offering.” - James Roche

How stressed are you?

Stress, as difficult as it might be to accept, is an important part of our lives. It can bring out the best in us, motivating us towards ever greater heights of personal achievement.

But too much stress, or feeling unable to cope with it, can take a serious toll on our wellbeing. Follow the flowchart below to find out if you might be suffering from serious stress.

Source: http://www.visualistan.com/

Quote for the day

“To establish the right price for a stock the market must have adequate information, but it by no means follows that if the market has this information, it will thereupon establish the right price. The market's evaluation of the same data can vary over a wide range, dependent on bullish enthusiasm, concentrated speculative interest and similar influences, or bearish disillusionment. Knowledge is only seen as one ingredient in arriving at a stock's proper price. The other ingredient, fully as important as information, is sound judgement.” - Benjamin Graham

Winning Trader & Whining Trader

There are two very different types of traders, one that wins and one that whines. Whiners hardly ever win and winners rarely whine. Trading is a tough business and you have to be able to keep the right mind set to get you through the rough spots. When the markets start trying to knock you off your trading plan and system. Mental strength more than any other one thing will determine your success. You can come back from losing your whole account but you can’t come back from completely losing your faith and confidence in yourself. Your mind must be one of a winning trader . We should not entertain internal or external whining. Keep the faith, stay focused on your long term destination and what it will take to get there.

Winning traders take responsibility. Whining traders play the victim.

Winning traders take the right entries. Whining traders get in too early or too late and miss the opportunity.

Winning traders find a way to make money. Whining traders find an excuse why they did not.

Winning traders add value by entering a trading discussion. Whining traders add value by leaving a trading discussion.

Winning traders study ten times as much as they trade. Whining traders trade ten times more than they study.

Winning traders enjoy the game and the profits. Whining traders enjoy their delusions of the big score.

Winning traders build a mentor relationship. Whining traders think they are too smart for a mentor.

Winning traders are realistic about their possible returns. Whining traders are delusional about what returns are probable for them.

Winning traders are focused on their trading expertise. Whining traders are scatter brained and their style drifts to what they think will work.

Winning traders approach their trading as a business. Whining traders approach their trading as a hobby or gambling.

Winning is a state of mind as much as a winning process. Whining is trading with the wrong set of mind and feeling like a victim when the error was trading without a good long term process.

Source: www.newtraderu.com

Quote for the day

“Initiative is the hardest and most important lesson of all.” - Serge Kahili King