Completed my second webinar yesterday. The explanation webinar is really long overdue but I just couldn’t do it over past 2 years. So here it is, my introduction webinar about my Real-Time Commentaries service and my approach to discretionary day trading Emini.
It took several rewrites until yesterday before I am satisfied with the presentation. It is something I know will help a lot of traders, no matter they subscribe to my service or not. Hence I make it available for free!
I came across this story posted by Tim Ferriss. Trust me, just read it.
Nassim is doing it again, interesting read about tail events and the relationship with strength training. Not that I totally agree with him, but his examples on things not related to body fitness are good reminder of the importance of paying attention to tail events when building anything that is expected to be used rigorously in the real world.
I should finally have time to wrap up the reorganization of my office. That means it is time for me to decide if I will show up in my videos. Maybe time to find an acting coach?
Until next time, have a nice weekend all!
Time flies when you are having too many correspondence at the same time! My week was flooded with all kinds of messaging – emails, conference calls, instant messages … Many still ongoing so no end in sight with this challenge, yet.
Things should get better next week.
I came across this article on a better way to teach kids mathematics. Just as I thought, it is all about building a better foundation that matters most. I’ve been advocating this concept in trading education for years now … rarely anyone would listen. Maybe I should try harder.
Here is an interesting video of a stock market bubble you may never heard of. Check it out.
This Saturday is Chinese New Year. I guess I will have some unavoidable social gatherings then. Hopefully my schedule is not affected much by then.
My second webinar will be held on this coming Thursday 4:30 pm Eastern Time. For those of you interested in participating, check out my post here for more details.
Happy Chinese New Year!
Temperature is back down to –15C here in Toronto. Nature is reminding us that winter is not over yet …
Read about this drink from Ancient Rome, anyone tried that?
Falling into Grace by Adyashanti is a book that I read several years ago thanks to a good friend trying to help me out. It is a modern take on the mental issues we all face as human. Interesting, my brother just recommended the book to me lately. My brother consumed the book in audio form. Well, thanks for his reminder and I will have my son read it soon.
I was talking to my friend last week about philanthropic work that we plan to do in coming years. During the conversation I mentioned that medical research funding has often been misplaced due to the classic bias of committing more funding to those who had some kind of contribution or breakthrough in the past. My friend pointed out Albert Einstein is a prime example of this issue. Well, here is an article about Eintsein and I will let you decide if Einstein is really the genius everyone thinks.
Good news for all of you waiting for the NinjaTrader version of the day trading strategies offered in Trading Success Blueprint and Emini S&P Day Trading Course. My programmer told me the core part of the code is done. I will get a chance to see it working in real-time next week. If all goes well, we will have the complete set of strategies ready for download by February. Thank you to all of you who waited patiently for this!
Well, the attacks by bots on my site DaytradingBias.com has not stopped since I last reported that back in early December.
We’ve tried so many things but the sheer number of bots trying to take the site out is just too much to handle.
Luckily, one of the experts figured out a way to stop these attacks with a completely different approach like around 3 am this morning.
We’ve got that implemented and so far the result is better than everything we have seen before.
The site is now back to its top speed even when these bots are trying to take it down.
During this crisis, some of the new members who signed up in December were so frustrated with the problem that they choose to cancel the service. It was sad to see that happening. Maybe that’s the objective of these bots after all, rendering DaytradingBias not accessible.
I think we have finally turned the tide.
And DaytradingBias still stands.
The first real work week of year 2020 turns out to be as hectic as my schedule back in Hong Kong – long meetings with my business partners on new year goals and needs, pitching several investment opportunities to my friends with venture capital firms and family offices, and follow ups with programmers on various programming projects that must be completed this month.
It feels good to see things are getting done though. Last year was a challenging year as I tried to put in place all these foundations on automated trading for retail investors and training courses for retail traders, it takes grit for my team to see it through. I am very happy with what we have accomplished so far and I am sure year 2020 will be an amazing year.
Talking about grit, if you have not watch this video from Ted about it, you should. It is a short video from Angela Duckworth. In her own words, “Grit is the one measure that separate those who can achieve their long term goals from those who can’t.” For those of you who want to take on an ambitious goal this year, maybe you need the reminder to keep you on track.
Lately, I have been asked many times by others on whether the US stock market will see a correction. My answer is simple,”If you do not mind holding onto your long term positions with a 10 to 15 percent correction tomorrow, there is nothing to do. But if you mind or want to time the market, be ready for a market that takes full time attention from you to pull this off.”
I expect my work schedule to be very different from last year so I will have time to write on other things in this blog, not just the weekly updates. I have quite a number of requests asking me to write about other subjects from astrology to alternative medicines. I will make that happen.
People ask me why I keep writing these weekly updates. Well, it is my way to track my life so that, in retrospect, everyone can see if the 10 year and 12 year cycle are happening to me too. It is also my open journal to keep my loved ones knowing what I am up to since I may not be able to see them often given my schedule.
Good to be recovering from my sickness. One benefit from being ill is that I lose all the weight gained during the trip. So no need to figure out how to reduce those weight anymore. Just that getting a six-pack this year will still be quite far fetched … I am still hopeful!
Came across this article on using the mental technique of speaking to yourself in the third person can make you wiser. Well, it is exactly what I advocate for a long time to help traders improve their decision making ability. This technique is not something new as the article pointed out that even Julius Caesar used the method to improve his thought process.
Talking about New Year resolution – I have many projects that are yet to be completed. Given last year’s momentum, I am sure I can get quite a number of them wrapped up this year. The ones that I wanted to get done this year (in no particular order):
1. Courseware on Market Breadth Based Day Trading Strategies
2. At least 6 webinars / video lessons for DaytradingBias and the training courses
3. Release of my day trading strategies for gold future, bond future, etc.
4. Release of 2nd edition of Special Theory of Price Discovery
#4 holds very special meaning for me because having the 2nd edition released this year would be the 10th anniversary of the initial release of the first edition. I have the edited version of first edition on hand and I have already wrote like 50% more. I still feel like I have not put enough explanation there to help traders seeing the financial markets in my way, which is drastically different from the norm out there.
Very happy that I get to play these mini puzzles with my son last night. I picked up these puzzles while I was checking out the bookstores in Hong Kong. I cannot find them on Amazon though.
It used to be me who finish the puzzle in no time. Now he beats me hands down. I blame it on my presbyopia!
Happy New Year!
I finally fly back to Toronto this week right on Christmas Day. That’s the only day for which I can switch my flight to within this week. It sure looks like another pattern to me that people prefer not to travel on the Christmas day!
And the inevitable happened – I got sick. After working non-stop until the last day of the trip, getting on board a flight full of people coughing and sneezing is a very bad idea. Let’s see how long does it take for me to recover this time.
I came across this very interesting article on finding out the scientific reasons why practicing yoga or pilates can help people coping with stress.
This is the last issue of TLC Weekly Update in year 2019. I like to say thank you to all of you who take the time to read my writings. I am very grateful that I have completed several big projects this year.
I wish all of you a Prosperous New Year!
I read this article about the earlier days of Tekken, the famous arcade game created by Namco. Very interesting how things were done back in the days. I don’t think you will see that in any game development companies nowadays.
Meetings still pile on everyday and more people asking to meet up for discussion of their concerns from immigrating to Canada, to alternative investments that generate reasonable return with relatively low risk. Seriously, we can’t blame people for seeking better return – with the current zero interest rate environment, keeping money in the bank hurts.
Good news for my premium members – several new breadth models are now in beta and will be introduced shortly. I need to catch up with the documentation though.
I am returning to Toronto early next week. Hopefully when I arrive the weather will be reasonably good. It is not fun to brave a snowstorm after a long flight.
Have a great weekend everyone!
And Happy Holidays!
I finally uploaded the first video lesson for DaytradingBias youtube channel. Let me know whether you like it. All inputs are welcome.
I am typing this update in Kuala Lumpur, Malaysia. The weather here is pretty hot. I am hoping to explore some investment ideas here before leaving early next week.
I came across this article while waiting for my flight. If you live in North America, you need to know about this dangerous mushroom. Check it out.
I was asked very often by traders and investors alike about this US-China deal. Well, no deal is good enough. That’s all I can say. How can the stock market be 15-20% higher from a time that there were no trade conflict at all to the current state of getting a partial deal is good enough?
Over the past few days DaytradingBias was under elevated attacks by bots from multiple countries.
It is a new form of attack that we have not seen.
The site was brought down several times but the bots failed to hack into our site.
The site is now restored and we will see how things go tonight.
My team has added security measures to guard against this type of attack.
Sorry for the inconvenience to all of our members.
p.s. I posted this here in my blog so that, just in case, daytradingbias getting offline again, that many of you can still get the notice.