Development

We often view development as something that happens to us, not something we have complete control over. The way I see it, my development resides 100% with me & it's up to me how much time I dedicate to it.

Our development is always important but it should never be urgent, there has to be a proactive approach towards it.

It all starts with taking Pride in yourself, in your role in the organisation, your team, your group wherever you are & having a passion for what you do every day. Find what motivates you & drives you. Once you do that, then you can inspire those around you - your friends, family, colleagues or even your bosses to drive them to do their best too. The combination of taking ownership & having a positive focus makes People grow & when that happens, it creates even more opportunities to learn & develop.

Development is our responsibility. It will not happen automatically, if we do not dedicate time to it. Exceeding expectations is a great first step toward your development. But the second step of keeping your own expectations low is equally important. It is also important to mention that doing the task in hand well is not always enough. You must be sure that others are aware of what you are doing & what are you up to. All of this requires one thing: Time.

Remember though, you are not alone. To have a structure, robust, challenging development plan we need someone with proper understanding of this philosophy. There are people, who'll talk to you about this stuff, will make you go forward. Take advantage of this social sponsors. Advises are on offer for free, but not the idea. Start connecting with people around who inspire you & whom you inspire. The world is flat & green, take advantage of this to support your development.

10 Important Rules for Traders

1. Follow the Rule of Three.  The rule of three simply states that a trade will not be made unless you can carefully find out at-least three reasons for doing so. This eliminates trading from an indicator alone. 

2. Keep Losses Small.  It is vitally important to keep losses small as all of large losses began as small ones, and large losses can put an end to your trading career. 

3. Adjust Stops. Also called "Trailing Stop-Loss". When a trade is working your way, move your stop loss up or down in order to lock in gains.

4. Keep Commissions Low.  There is a cost to trading but there is no reason to overpay brokerage fees.  A discount brokerage is just as good as a premium brand name one. Costs can eat out your share of hard- earned profit.

5. Amateurs at the Open, Professionals at the Close.  The best time to enter trades is after lunch when the professionals are looking to get in at a better price than one provided in the morning. 

6. Know the General Market Trend. One of the most important things to be kept in mind while making a decision to trade. It is nothing but the market sentiments, as to whether the market is bullish or bearish. When trading individual stocks make sure you trade with the general market trend or condition, not against it.

7. Write Down Every Trade. Noting down of every trade will help you to make a record of your trading history, as what were you thinking at the time of initiation? Doing this will allow you to learn what is working and what is not.  It will also help you determine what types of trades work best for your personality.

8. Never Average Down a Losing Position. Averaging works while investing not in trading. It is a loser’s game when you add to a loser.  You add to winning positions because they are winners and are proving them to be such. In short run, very often the trend reverses.

9. Never Overtrade.  Over trading is a direct result of not following a well thought out plan, but a result of emotion instead.  This will do nothing but cause frustration and a loss of money. Always take positions on the basis of well thought out plan with a target & stop loss.

10. Give 10 Percent Away.  Money works the fastest when it is divided.  When we share we prime the economic pump of the universe. Never ever take a loss in excess of 10% of your capital. This will give you the chance to trade more & recover.

Stock & Shares Defined

What are Stocks?
A “stock” is a share in the ownership of a company. A stock represents a claim on the company's assets and 
earnings. As you acquire more stocks, your ownership stake in the company becomes greater. Some times different words like shares, equity, stocks etc. are used. All these words mean the same thing.


What does an investor gets in return?
Holding a company's stock means that you are one of the many owners (shareholders) of a company and, as such, you have a claim to everything the company owns.
This means that technically you own a tiny little piece of all the furniture, every trademark, and every contract of the company. As an owner, you are entitled to your share of the company's earnings as well.
These earnings will be given to you. These earnings are called “dividends” and are given to the shareholders from time to time.
A stock is represented by a "stock certificate". This is a piece of paper that is proof of your ownership. However, now-a-days you could also have a “demat” account. This means that there will be no “stock certificates”. Everything will be done though the computer electronically. Selling and buying stocks can be done just by a few clicks.    
Being a shareholder of a public company does not mean you have a say in the day-to-day running of the business. Instead, “one vote per share” to elect the board of directors of the company at annual meetings is all you can do. For instance, being a Microsoft shareholder doesn't mean you can call up Bill Gates and tell him how you think the company should be run.
The management of the company is supposed to increase the value of the firm for shareholders. If this doesn't happen, the shareholders can vote to have the management removed. In reality, individual investors like you and I don't own enough shares to have a material influence on the company. It's really the big boys like large institutional investors and billionaire entrepreneurs who make the decisions.
For ordinary shareholders, not being able to manage the company isn't such a big deal. After all, the idea is that you don't want to have to work to make money, right? The importance of being a shareholder is that you are entitled to a portion of the company’s profits and have a claim on assets.
Profits are sometimes paid out in the form of dividends as mentioned earlier. The more shares you own, the larger the portion of the profits you get. Your claim on assets is only relevant if a company goes bankrupt. In case of liquidation, you'll receive what's left after all the creditors have been paid.
Another extremely important feature of stock is "limited liability", which means that, as an owner of a stock, you are "not personally liable" if the company is not able to pay its debts. 
Owning stock means that, no matter what happens to the company, the maximum value you can lose is the value of your stocks. Even if a company of which you are a shareholder goes bankrupt, you can never lose your personal assets.