Monday, 16 January 2017

Colombo Stock Exchange Trade Summary 16-Jan-2017

Quote for the day

“If you have to raise both cash and courage at the same time, you don't stand a chance of buying the next time stocks are cheap.” - Jason Zweig

Sunday, 15 January 2017

20 Unproductive Habits You Should Let Go of

By Krissy Brady

Do you feel like everyone around you is getting stuff done, and you’re, well, not? It’s likely you’ve got one (or several) unproductive habits that aren’t helping matters. Below is a round-up of 20 common unproductive habits you should let go of, stat.



1. Allowing distractions.

Distractions are something we all face–but there’s no law saying you have to cater to them. Just because someone calls, texts, or knocks on your door doesn’t mean you have to drop what you’re doing right that second. You can get back to them during your next break.

2. Not setting goals.

Until you turn what you want into concrete goals to achieve, it’s likely they’ll remain a vague generalisation you’ll sigh about from time to time.


3. Setting too many goals.

On the flip side, you don’t want to set so many goals you’re unable to focus a solid amount of time on them–this sorta defeats the purpose. Quality over quantity always wins out.

4. Procrastinating.

The more you put something off, the less you’re going to feel like doing it. Trust me: the relief you feel once it’s done is well worth the temporary torture.

5. Watching too much television.

If you feel more connected to the characters on your shows than your real friends, it might be time to switch things up a bit.

6. Skipping meals.


There were days I’d get so into what I was writing, I’d forget to eat! (Gasp! I know, right?) Without proper nutrition you send your adrenal glands into overdrive, which depletes your energy and eventually leads to burn-out.

7. Spending recklessly.

When your finances are in disarray, you don’t stand a chance. Keeping your finances organised should be as much a priority as your health.

8. Dropping everything for other people.


You are in complete control of your life. Respect your time–it’s your most valuable commodity.

9. Not writing anything down.

Writing things down helps you remember what you need (and want) to accomplish. Plus, it’s the best way to keep your mind clear to focus on what you’re doing in the moment.

10. Not having structure.

You don’t need to set a rigid schedule for yourself, Sergeant Crazy! Creating a general morning and evening routine will give you creative pillars to depend on so you can take more risks throughout the day.

11. Not taking breaks.

Your mind and body need a chance to rest, no matter how brief. When you start feeling restless, take a small breather to regroup instead of burning out entirely.

12. Multitasking.

Again and again, studies show dividing your focus leads to lower quality work, and not to mention, loads of mental stress. Single-tasking not only gives your noggin a rest, it also gives you a greater sense of accomplishment.

13. Making time for personal tasks.

What’s the point of working hard if you’re not reaping the rewards in your personal life? During busier times, at least make sure the bare minimum is taken care of–bill paying, dish cleaning, laundry doing–so your home doesn’t represent your stress level.

14. Over-committing.

Ambition or excitement can too easily get the best of you, causing you to say, “Yes!” to every idea thrown at you. Instead, say “I’ll get back to you.” This will give you time to look over your obligations to see if you really do have the time.

15. Trying to be perfect.

Ah, the dreaded unicorn: perfection. We know it doesn’t exist, yet we still agonize over every little detail, wasting time that should be spent on more important tasks. We should really just stop it.

16. Avoiding decisions.

Tough decisions are,you know, tough. But if you don’t make them, someone or something will make the decision for you.

17. Consuming unnecessary information.

I find mental clutter to be more overwhelming than physical clutter. Learn the power of one: one email address, one checking account, one savings account. Cut back on the mailing lists you subscribe to so you can focus on what’s really important.

18. Neglecting your health.

Your ambition’s useless when you’re exhausted. Eat healthy foods, exercise regularly, and most importantly, do everything you can to create a consistent sleep pattern.

19. Starting something and not finishing it.

Break every project you’re working on into such small pieces you’re not intimidated by the process of finishing the task. The last 10 percent of the task will always take 90 percent of your energy, so make it count!

20. Failing to admit your mistakes.

Denying your mistakes or blaming others for your problems will do nothing to improve your life or help you reach your goals. Acknowledge your mistakes so that you can learn from them and move on.
Source: www.lifehack.org

Quote for the day

"Faith moves mountains, but you have to keep pushing while you're praying." - Mason Cooley

Saturday, 14 January 2017

My Advice for New Traders

By Steve Burns

If someone was ready to start trading and had a basic understanding of the markets and asked me for some of my best advice on how they could make money as a trader, this is what I would tell them.


01. Understand that trading is like any other professional endeavour, you will be monetarily rewarded based on the effort and work you put into it to learn how to trade. Trading is one of the few fields where amateurs can go compete with professionals with a very low price of entry. Your trading tuition will have to be paid through the experience of losses and time doing your homework. You will get out of trading the effort you put into it.

02. If you have to get others opinions about your trade, asking others advice on entries and exits, then you really need to stop trading and work on a detailed trading plan that gives you a road map of how manage a trade. If you don’t have a trading plan every thing you do is random. There is no edge in randomness.

03. Do not waste your time on searching for the Holy Grail of trading, an easy money, can’t lose, trading method does not exist because markets change in cycles. Trading is always a competitive event between traders and market conditions are always changing from volatile to stable and from trending to choppy, so nothing works in all market environments.

04. Successful trading is based on your winning trades collectively being bigger than your losing trades are collectively. So your goal is to either trade a system with a few huge wins and a lot of very small losses or a high winning percentage system that keeps the losing trades controlled.

05. Do not look for a good trade, instead look for a great winning methodology to trade with. Have the right trading process and the money will follow eventually. Looking for easy money in the markets is the process for losing money. 

06. Your risk management while trading will determine your trading success more than your method. You have to make it safe to be wrong a few times in a row and not lose all your trading capital.

07. If you want to be a successful trader then focus on what is actually happening with price action and stay away from your own opinions and biases of what should happen. Wanting to be right for the sake of your ego is another expensive game. You can’t predict a nonexistent future.

08. You can’t use anyone else’s system, you have to trade a system that fits you. One that you understand and can trade with discipline because of your confidence in it and yourself.

09. Look for and find your own edge. What are you the best at doing in the markets? Some are masters of shorting, others trend following, some are great at selling options that expire worthless. Usually the type of trading you are the most passionate about gives you the drive to research it until you find that edge.

10. Master some aspect of trading, find something to be an expert on. A market, a stock, IPOs, options, futures, day trading, trend following, etc. Don’t be a jack of all trades, be a master of one type of trading.
Source: www.newtraderu.com

Quote for the day

"We live in the kind of society where, in almost all cases, hard work is rewarded." - Neil deGrasse Tyson