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.
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 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.
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!
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!
Reorganization of my working and storage space is half way through. I managed to reduce my storage down to half the original size. It turned out I have so much old records (and junk) that can be throw away. Although it is extremely tiring, it feels great that I am one step closer towards my goal of having a better work environment.
I watched an interesting video about Zilingo’s founder, Ankiti Bose. The video disclosed an important element of her success that is often overlook by aspiring entrepreneur – she has a background in management / financial consulting at one of the big venture capital firms. I am not saying that you have to work at these firms to get the opportunity although that is often the case. What I like to point out is that if you do not educate yourself to know more about finance and how to run your own business efficiently, your chance of success will be quite low.
A more mature look at crypto’s big claims on replacing everything human through smart contracts should be a good warning sign that it will still take years before such idea can really take off. Think of the internet itself, which takes many years before it has all the necessary technical details to enable a secure environment for commerce and usage other than porn.
The introduction webinar at futures.io will be held on Nov 12th at 4:30 pm. More details about that will be announced at futures.io. I am still working on the presentation though. There will be a Q&A session after the short presentation. For those of you interested in DaytradingBias yet not sure if you need the service, feel free to join the webinar and ask questions.
Nov 3rd is end of daylight saving time. Many people will be quite happy to get an extra hour of sleep. It used to be a very busy day for me after daylight saving time change because of the need to adjust the computer clocks manually on all the computers I was using. Another chore disappeared thanks to improvement in technology.
Have a great weekend all!
My test drive of Interactive Broker working with MultiCharts is completed. It works pretty well with some minor issues here and there. So far it is definitely a functional setup for automated trading. I will write more about this combination at DaytradingBias.
Nassim Taleb did this interview talking about his book Skin in the Game. I like the way he talked about Paul Krugman and other dysfunctional academics. He really does not give a sh*t and speak whatever he wants.
I have some serious moving to be done this weekend, including some major reorganization of my storage. I need this clean up done for several years. As usual, I procrastinate over these things until one day I just jump on it.
The introduction webinar at futures.io is now scheduled on Nov 12th. Those of you interested in participating can visit the site and sign up.
I finally catch up with my backlog of emails. Going forward I will schedule regular webinars at DaytradingBias so that members can just watch the videos instead of firing tons of questions to me. Sometimes it is just that much easier to explain things with pictures and examples that you can see.
Have a great weekend all!