Bad Eyesight

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I was very proud of my good eyesight for many years. I am not talking about 20/20 vision here. Several years ago when I was at my early 40s, I still have 20/10 vision. No glasses needed all my life, well, until last year. Upon reflection it is an important event, for me, to share with everyone.

Better My Eyes Were, Worse I Exploited Them

With very good eyesight, I did not follow any advice to protect my eyes at all. I often read in the dark for hours just because I can. I chose to use dim lighting most of the time for the same reason.

I did not protect my eyes from extreme tiredness. Working on computers for many hours without a break was the norm for me.

In short, I exploited my own eyes as if they would never break.

Presbyopia Catches Me Finally

Since second half of last year, suddenly I need reading glasses to read from my computer screen and from reading books or even labels with smaller prints. It happened so suddenly that I was kind of caught completely off guard. In short, Presbyopia, a condition for which deterioration of the ability to see things clearly close to the eyes due to aging, has finally caught me.

The inconvenience caused by Presbyopia is mainly the need of reading glasses everywhere. Originally I thought I do not need them when I went out. Yet, as I try to buy something I often cannot see letters on some of the tiny price tags. When I need to read the description or details on a label for anything, I will have a very hard time putting the item at the right distance to read those damn words.

Blind Spot of Our Minds

According to a friend who is an ophthalmologist (eye surgeon), if I protect my eyes properly, I would be able to keep going without glasses probably for the rest of my life. My exploitations of my eyes led not only to aging them by 10 to 15 years, I also likely damaged some of the muscles supporting the eyes. I have no one else to blame but me.

Seriously, who would have thought of the consequence when they do not have the experience of the inconvenience of Presbyopia in the first place?

Well, I should have. I took so much proud on my ability to manage risk in trading and long term investing for not just myself but also large sum of money from my clients. Yet I do not see this coming.

I know the importance of staying healthy and took the time and measures to keep myself fit. Yet I did nothing to ensure my eyes would function at their best when I need them most, when I am getting old.

This is a blind spot in my mind. Because I did not see the existence of the risk of losing my eyesight, I blocked all the information regarding eye care from entering my mind. This is wilful ignorance.

I am sure there are other areas I have similar trouble.

From now on, I will take care of my eyes. I promise myself at least not to make the situation worse. It is the least I can do to contain the problem.

(Feature Image from Wikimedia Commons)

Settling Down After a Chaotic Week

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Flying from Toronto Canada to Hong Kong is easy. In fact, way easier than traveling to United States. First and foremost, going through US customs takes at least double the amount of time. Anyhow, my hectic schedule started the very next day after I arrived.

Jet Lag and Polyphasic Sleep

I have been asked enough times about jet lag that it is something worth mentioning here.

Ever since I trained myself to sleep in biphasic sleep, jet lag is never an issue. I always get sleepy once I have nothing to do and can fall asleep easily. When I focus my mind, I can continuously work 10 to 15 hours straight. That’s the interesting benefit of training oneself to actually sleep multiple times a day.

One thing to remember though it takes time to modify one’s sleeping pattern. If you are used to sleep at least 8 hours a day and that you cannot easily squeeze out at least 45 minutes during the day for a nap, cutting short your main sleeping time will seriously affect your brain functions.

Meditation as a Sleep Replacement

Sometimes, if actual nap is not possible, there are interesting ways to refresh our mind to peak performance through other means.

If you have practiced meditation long enough and can get yourself to the state of a cleared mind quickly, you can try to induce the sleep like function in your body where it starts to flush out the chemicals generated during the day when your brain has been working hard. Key to this technique is switching to a breathing rhythm closely resemble the one that our body normally does during our sleep.

In other words, one can consciously induce the brain cleaning function without actually going into deep sleep. Your brain will be completely refreshed after a 20 minute practice of sleep breathing under meditation. Interesting isn’t it?

Hong Kong

It is considered being cold in Hong Kong right now but for someone coming from Canada, just T-shirt and jeans are perfect for me. Obviously that attracted many curious stares wondering if this guy is insane. The picture in this post is taken from the famous place in Hong Kong where they make the roasted gooses. I chose to take a picture of the mega bridge connecting the airport to the rest of the region because it is in fact a very cool piece of architecture.

My schedule will continue to be very hectic. Instead of the expected quiet down of my meetings, many more meetings are now scheduled around my original ones. An interesting development indeed since I thought not that many people would be interested in my line of work.

Have a nice weekend all!

2016 New Year’s Resolution

last_one_standingThis is the time of the year to set goals for the rest of the year. Upon reflection, last year was a transition year for me in searching for a more balanced life. I looked into many areas of interest to see what fit me best. I do not have all the answers yet and I hope in coming weeks I will figure out the direction in life for the coming few years.

 

Reflection from Being Depress to Being Too Busy

First thing came to my mind was the thought of retirement early last year. Retirement in the sense that I no longer take on consulting work for institutions or putting in efforts to develop various businesses. I could also limit my trading down to just  a day or two every week. I like trading and I can never imagine not being a trader going forward. The idea was to give myself more quiet time and enjoy life more after going through my life changing experience.

That idea was strike down quickly by family and friends. In fact, it was just an excuse to hide from the world to keep myself in a shell so that I could deal with my emotional issues alone. Thanks to very supportive friends and family, I snapped out of that mindset and got better since. In particular, without the kind-hearted interventions from one close friend, I would not be on my way to recover from depression.

Throughout last year, I have initiated multiple projects. Wrapping up the book Art of Chart Reading is one of them. I am still waiting for the completion of the editing process. I know it is taking longer than usual but I know the result will be a much better version that more people can learn from. Just like any other authors, I secretly hope the book will become one of the all time classics.

And then there was my initiative to mentor / coach retail traders. I see great results with half of them so far. A quarter of them still working on their progress while the rest due to various circumstances cannot really commit to their trading at this time. I am very happy with the results I see so far. It reaffirms what I believe – trading can be taught through a longer term approach as it is more a skill combining knowledge and craftsmanship.

I am contemplating this year to be the last year I will take on more traders to mentor. I have not finalized my decision yet. One reason for this is that it is very time consuming as I tailor my work to fit the individual trader’s need. This personalized approach definitely gives better results and serves the traders better. On the other hand, it puts a constraint on my time to commit to other projects.

In second half of last year, I accepted the requests from several close family friends, who were my backers way back when I first started managing money, to help them invest their money with lower risk and better returns. I ended up offering them 10 to 15 percent fixed interest on their committed capital depending on the duration of their commitment. As oppose to having them to bear the downside risk, I assumed the risk with my own capital. Using proper leverage to day trade Emini, my trading models can generate the desired performance and has been performing as expected so far.

It is nice to see that I can offer my friends an alternative investment that beats putting money in the bank. The effort to structure these arrangements is ongoing and is taking up time. From what I see, it can potentially benefit many more people, especially those who needed interest income. How to approach this in a larger scale is a tough question.

Thus, mentoring and managing money is now completing for a big chunk of my time while my unfinished writing projects over the years are still there gathering dust. I need much better time management going forward so that I can accomplish more in a shorter time span.

 

New Goals

As oppose to writing out a list of exact things I like to accomplish this year, my resolve is simply:

1. To identify and prioritize the tasks on hand

2. To find the direction and focus going forward

3. Have #1 and #2 finalized before middle of February so that I can efficiently execute the plan for the rest of year

On the more personal side,

4. To stay healthy by living a healthy lifestyle

5. To be there for my loved ones

 

First Week of 2016

Trading in first (and second) week of the year is often very confusing. Many people focus heavily on the January Effect for their investment decisions. There are also the Super Bowl indicator crowd waiting for February 7 this year to adjust their portfolios. So many superstitions and misinformation are spread in the beginning of the year to keep the media and financial outlets very busy. Hence, it is often a good idea to wait until after the first week of the year is over before resuming trading.

On the more technical side, or my trusted common sense approach, the first week of the year is the time parents scrambling with their schedules to get their kids back to school, those who went on vacations coming back gradually over the week and people recovering from hangovers and bloated stomachs. Without all the players ready for the game, it makes sense that the game is not going to function properly.

If you have to trade in first week of the year, try doing it with smaller size and ignore all the buzz generated by the media. By the end of the week, having a summary analysis of what happened over the week will be more useful than participation in the madness.

 

Wish Everyone Here a Very Happy New Year!