TLC Weekly Update January 17, 2020

image

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!

TLC Weekly Update January 10, 2020

image

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.

TLC Weekly Update January 3, 2020

image

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.

image

image

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!

TLC Weekly Update December 27, 2019

image

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!

TLC Weekly Update December 20, 2019

image

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!

TLC Weekly Update December 13, 2019

image

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?

TLC Weekly Update December 6, 2019

image

I came across this article on The Sugar Conspiracy telling us the sad story of how the modern nutrition science being all wrong thanks to power struggle and manipulation of data. I especially feel the sadness of how the scientist, John Yudkin, being persecuted by the mobs.

Someone shared this video of the Tonight Show having Gary V on wine tasting. Shortest intro on the subject that is fun to watch too. Since this is the season of drinking, maybe you want to learn a few tricks to show off to your friends.

I just posted a new article to the Defensive Money Management series on position sizing. It is the result of a lengthy conversation with some aspiring traders. As I mentioned last time, there is a very serious disconnect of correct trading concepts and the active trading crowd in Hong Kong. This new article focuses on explaining how to grow your trading business in a way that is sustainable.

I am travelling over the next few days to explore some investment opportunities. Hence the need to post early again this week. Will write about my experience after I go back to Hong Kong.

Have a great weekend everyone!

TLC Weekly Update November 29, 2019

image

I came across this article about Bill Benter, the pioneer in systematic gambling who made more than a billion dollars in horse-racing. I don’t really have many heroes in my journey towards trading success. However, Benter’s story was a major inspiration for me when his story was first reported in Hong Kong back in the 1990s. His approach to scientifically model horse-racing is no difference from my custom market breadth analysis – we are really looking at the data objectively to figure out what really matters.

I have been busy meeting people from early morning all the way to midnight almost everyday since the day I arrived in Hong Kong. They came from various backgrounds and our meetings are on very diverse subjects due to the fact that I have multiple businesses that somehow, of great interest to all these people. It is good that I get this chance to really summarize the experience here.

Immigration to Canada – hot topic and I was told that people of all social economic status are looking for ways to get out of Hong Kong. Going to Canada is an option but it may not be the best choice. As oppose to hard sell what one of my investment firms can do for the people looking to immigrate to Canada, I listened to them and gave them honest advice whether Canada is a good choice for them.

Here is a list of good reasons if you are thinking of immigrating to Canada:

  • your children are young and you are looking for a place with good education system for their future
  • you were educated in Western countries and like the experience
  • you are thinking of retirement and that a decent healthcare system is your concern

If you are not interested in at least one of the factors above, just the damn cold weather alone can be bad enough to drive you away from Canada. After all, Canada is the country with polar bears.

Stable investment vehicles – this is a new emerging topic as playing in stock markets and real estate no longer generate significant returns for many HKers. The outlook of Hong Kong economic conditions in coming 5 to 10 years will likely be consolidation or even recession as global economic slowdown has already hit last quarter. So smart investors are now waking up to the situation and want to park their money in something stable with reasonable return. And we all know putting money in the banks does not produce any return nowadays.

Well, when looking for alternative investments, it is important to understand what you are getting into so that you do not have the wrong expectation from the product. For example, the high interest rate mortgage investment funds offered by one of my firms is not a term deposit. It is by-design a market driven investment product. It carries some market risk that is relatively much lower than those corporate bonds. The more willing you are in understanding the concepts, the more likely you will accept these investment options.

High return investments – this one is the most interesting topic for which I see a very dysfunctional investment mentality among majority of the Hong Kong population. First of all, way too many people have completely messed up beliefs about investing in general. Although normal people in western countries do share a significant amount of these problematic beliefs, the retail traders and investors in Hong Kong have taken this further by ranking luck as being something tangible … just don’t tell them they don’t know what they are doing.

I will prolong my stay in Hong Kong and probably travel to some other Asian countries to close a few more deals.

For my US readers, Happy Thanksgiving!

p.s. I am posting early this week because I do not have computer access in coming two days while on the road.

TLC Weekly Update November 22, 2019

image

This past week I offered The Art of Chart Reading to my readers for $1 at Amazon. It ended up some readers do not have access to the discount due to the fact that Amazon actually has regional limitations on the discount campaign. I apologize for this inconvenience and will organize other discount directly on my site so that all readers will benefit.

Many of you already know that I travelled to Hong Kong and expressed concern of my safety. I like to say thanks to all of you for sending me messages about this. I am doing fine here in Hong Kong so far and I will stay safe as promised.

During the flight while I was doing my meditation, I dreamed up quite a number of ideas for webinars and video lessons. I am working on the drafts now. The only issue is that I did not bring my microphone here. Hopefully I can record the voiceover here with a replacement.

It is kind of fun doing marathon meditation. I have not done that for several years already. It brings back old memories …

I am extremely busy since I arrived in Hong Kong as I already arranged all these meetings beforehand. It is a very effective way to get things done. Starting next week, when my schedule is not as packed, I will post my thoughts about the current state of the financial markets worldwide.

I have been doing this for almost a decade now. The audience has changed from just my affluent clients to all my readers. Hopefully my take on the markets can help many of you navigate the markets in year 2020.

Have a great weekend all!

TLC Weekly Update November 15, 2019

image

I receive Tim Ferriss’s email regularly and his latest podcast is now made available on youtube. This podcast is packed with interesting information and I highly recommend it.

I just completed my first ever webinar with futures.io introducing DaytradingBias to the community. For those of you who missed it, you can watch it on youtube.

I have arranged a one week special for The Art of Chart Reading at $1. The special offer will end on the 18th. So get it now.

Many thanks to Mike and Terry at futures.io. Without this opportunity to prepare for the webinar, I would never be able to sit down and reflect on what differentiate DaytradingBias from the rest of the trading services out there. I literally spent days looking deep to distill everything I do at DaytradingBias and ended up having an introduction that is completely different from the first draft.

People who know me for a long time all realize one thing – I don’t take pictures. I could be giving a seminar or lecture while people are recording me live and I am fine with that. For some reasons, I always feel uneasy when people aim at me with their cameras. You can call me camera-shy …

Anyway, need to wrap things up here in Toronto quickly and get ready for my trip to Hong Kong.

Have a great weekend everyone!