TLC Weekly Update March 20, 2020

Another week of extreme market conditions with the world under siege by the pandemic, when will things getting back to normal?

I was out doing some banking. Yes, there are still things that has to be done at a branch. The bank staff are all wearing masks with signs telling us to stay at least a meter away given the government’s instruction of social distancing.

Majority of the restaurants are closed. Some small shops are open doing take-out and delivery orders. McDonalds and other fast food chains are open doing the same without dine-in. Life still goes on. People are adapting to the situation.

For chess lovers, I watched this video of Josh Waitzkin playing chess at 11-year old. It is an incredible game where the sacrifice looks like a mistake which led to Josh’s opponent did not think deeply what the move implies. It is a great lesson to anyone whose line of work has a strategic component that the ultimate purpose of your project, business or trading matters more than the perceived notion of material need.

Since many of us are staying home, may I suggest reading books instead of binge watching movies and TV shows online? If you are a trader, you can check out The Obstacle Is The Way by Ryan Holiday. For atheists and those who feel uncomfortable reading books about religion, I think you should checkout Awareness: The Perils and Opportunities of Reality by Anthony De Mello.

I am getting close to produce several video lessons for DaytradingBias. Originally my intention was to do it in a lecture hall or presentation room setting. Well, I guess those options are now no longer available. So, I will do it at home instead. Whatever it takes to bring these useful learning materials online.

Have a great weekend all and stay safe!