Dave Bitcoin Saved My Day (and My Bitcoin Piggy Bank)

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I thought I unloaded last portion of my stash of bitcoin last year. Not really. It turned out I have this old bitcoin wallet that I have forgotten on my computer. When I opened it, there was some bitcoin left there. I guess this is how it feels like when someone found out they have won the lottery.

From Heaven to Hell in Hours

The euphoria ended shortly afterwards.

When I try to transfer the bitcoin out to an online service to cash it out, my passphrase was not accepted.

I actually panicked.

Until I resolve this problem I cannot use the bitcoin I have in this wallet at all. After so many attempts to guess what is the correct passphrase, I finally gave up.

There is Hope

Suddenly, I recall reading about a service that they will help you recover your bitcoin. There is no upfront fee, just a percentage of your wallet if they manage to recover the bitcoin for you.

So I looked it up and found Dave Bitcoin and his bitcoin recovery service walletrecoveryservices.com

I contacted Dave through email and explained my situation to him.

After just a few email exchanges, I have decided to give Dave a try.

I struggled a bit with the decision originally because:

1. the fees may sound steep at 20% but in reality it takes a lot of computing power to brute force your way into finding the correct password

2. even if Dave managed to crack the wallet, I have no assurance that he would return the bitcoin to me if he plans to runaway with the bitcoin

However, the fact that the bitcoin in the wallet is as good as nothing if it cannot be accessed anyway. That understand helps me make up my mind.

My Wallet is Saved

The rest of the process was easy. I send an email to Dave with the bitcoin wallet, my knowledge about the password and stated my agreement to his terms and conditions.

Dave is fast. Within a day, he helped me recover my bitcoin already.

Literally, I get my lottery ticket back.

Everything is done as promised professionally.

Bitcoin community is lucky to have Dave offering such a valuable service.

 

If you encounter a problem like mine, I highly recommend that you contact Dave Bitcoin.

Pink Eye

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Right after I arrived home, I knew I caught something on the plane. It was filled with people coughing all the way. Usually, I can withstand this kind of environment and stay healthy. Not this time – started with mild cough and runny nose, and then all of a sudden total outbreak of red eye several days later, I was infected in the eyes. Yeah, pink eye.

The Symptoms

I never had pink eye at very serious level until now.

Note: You can skip the next paragraph if you dislike gross details.

My eyes basically ooze out ugly pus (eye discharge) all night without me knowing. The next morning my eyes are glued together by this yucky stuff. I have no choice but to contact my family physician to ensure the problem is not something life or sight threatening. I went to see the optometrist. She gave me the bad news that I have viral infection in my eyes. The pus, however, is actually good news because my immune system is reacting to the virus and the pus is, exactly like the phlegm one gets in the throat from flu, the resulting product of expelled virus and my body fluid. If my body could not fend off the virus, there would be little or no discharge and the discomfort (including sharp pain) would be worse.

In short, I caught pink eye and it is in a form that I just need to take care of my eyes until the virus is cleansed out.

How It Started

So how did I get the infection? Nope, not the dirty hands or whatever you read from the internet. It is simply the virus gets into my eyes through the breach of the part of sinus connecting to the eyes.

How do I know? It happened right after I blow my nose and blood is found due to the dry condition in Canada.

It took just two hours after that to turn my eyes from clear white into bloody eye.

How to Handle Pink Eye Safely and Comfortably

Here is the good part on how to handle pink eye safely and comfortably. I have done this with my kids before so I know it reduces the discomfort a lot.

To help the eyes recovering faster, we have to flush out those discharge so that they do not scar the eyes and do not damage the sensitive skins around the eyes. To do that, warm water is better than cold water, unlike what majority of things you read out there. Warm water made from boiled water is safest. Add coconut oil to the mixture too as it helps to soften the discharge coming off the eyes.

Remember not to rub the eyes harshly because the mucus actually stick to the skin. Trying to remove them by force can bruise your skin. You have to start with just soaking the eyes with the warm water mixture first. Only until the mucus are dissolving that you move onto using very soft material to clean out the pus.

Once the cleaning is done, use regular eye drops that simulate tears to flush out the hidden mucus. Then clean out the pus again.

Once you are done, you can apply coconut oil all around the eyes to help the skin to recover.

At this point, if the eyes are swollen and in pain, using a cold compress on the eyes will sooth them.

If there is no mucus to deal with, you can keep the eye drops in the refrigerator so that they can sooth your eyes on contact.

An important thing to remember though is that if you have only one eye being infected, you should be extremely careful not to contaminate your other eye by your hands or the environment. One good way is to wash your hands (or using hand sanitizer) often.

To Speed Up the Recovery

Well, drinking lots of water and having enough rest are the two most important things to do to get rid of pink eye.

Since the discharge from the eyes are highly contagious, it is also advisable not to travel around so that you will not infect the others.

Seriously, when your eyes are constantly discharging yucky stuff, it can be quite scary for anyone meeting you face to face.

End Notes

My eyes are getting better. Most of the redness is now gone. Overall I do not have much discomfort from my eyes, just inconvenience.

However, my work schedule is totally disrupted. I managed to response to some email every day but nothing much can be done beyond that when your eyes are not cooperating. I can tell that another catch up race is in the making.

This bout of sickness reminds me to be grateful for having pretty good health overall. I should take good care of my body from now on even when I am traveling. If I were not that confident of my fitness, this round of illness could be totally avoided.

Another good lesson of “pride goes before a fall”.

Things I Learned from My Hard Disk Trouble While Traveling

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My hard disk trouble started in the early part of February yet I was not able to get it replaced for various reasons. Anyhow, I finally have it replaced by a new hard drive and everything looks fine so far. Throughout this ordeal, I learned quite a few things that’s worth sharing.

Must Have Items While Traveling

Portable Hard Drive is a must-have for quick backup and restore. Without one, trying to buy a decent one with large capacity from a remote city may be very difficult. I have a 3TB one with me all the time while I am traveling. Even if my laptop is reporting a potential failure, I can immediately backup everything so that I know all the latest work I have done with my projects and researches are safe.

USB Boot Drive is another must-have since you cannot really backup your computer efficiently without it. The one I use is the one I recommended for years called Active Boot Disk. I use it to backup my computers regularly and in this situation, I managed to take a snapshot of my laptop the night when I first see the warning message.

With the first two items above, the issue of protecting your valuable data is taken care of. Even if your laptop is toasted while you were seeking for a replacement hard disk, you can still get things working on a new laptop.

To replace the hard disk inside your laptop is a more complicated question depending heavily if you are going to let a computer shop does the replacement for you, or, your laptop can be easily taken apart. Well, I have way too many bad experience with computer stores repair services that I almost always do my own upgrades and replacements now. Even if you are not good with handling computer parts, you should be able to find disassembly videos on YouTube on almost all types of laptops.

You need the following items to complete the hard disk replacement process:

A screwdriver set that can handle all the screw types on your laptop. In my case, my trusted 30+ years old Swiss Army Knife does not work with my Lenovo laptop. I was forced to buy a screwdriver set at the computer store eventually. The story about the computer store in next section.

A replacement hard disk that is at least equal in capacity as your original hard disk.

Finding a Replacement Hard Disk is an Adventure

It took me two weeks in three cities to find a computer store that actually sell decent size internal hard disk. The first two cities are not major ones so my hope was kept really low. But then the third one, being a large city, it still took me multiple attempts before finding a computer store that really sells slightly better hard disk models.

Maybe it is because I am in Europe, but it seems that all these stores are selling both external and internal hard drives at half the capacity we find in America. They are also priced more expensively. The funny thing is that in a big retail electronics store I visited with all kinds of computer related products, their sales people do not even know where the portable external hard drives are located within the store. They have to search the store for like ten minutes before finding the items.

I seriously do not know what to say about that.

Plan Your Backup

It took about 6 hours to backup my laptop with 400G of data. The time it takes is much longer than a typical laptop with same amount of data because I have a lot of highly compressed tick data stored on my laptop. It is very time consuming to backup such data because they cannot be compressed any further by the backup application.

Knowing the amount of time it takes to backup can help you plan ahead of time to schedule a down time for your laptop so that it will not disrupt your normal work schedule. What I did was starting the backup late in the night so that early next morning I can continue with the installation of the new hard disk with restoration right after. Just in case that does not work out as planned, I would quickly swap the old drive back into the laptop to continue my day.

Restoring the hard disk image onto the laptop with the new hard disk is actually a breeze. All it took was just an hour and 20 minutes. Once it was done I just shutdown the laptop completely. When I turned it back on, it was able to boot normally and everything feels the same. Well, in my case, the replacement hard disk is a faster model than the one that came with my laptop so everything actually run much faster.

Lessons Learned

1. Have a traveller set of computer screwdrivers while I am on the road.

You never know when you are going to need to take your computer apart. You do not need to carry the whole set. Just bring the bits for your devices and the handle will do.

2. Do not use SSD on your laptop.

SSD has great feedback from all computer users due to their faster speed. They are also perceived to be safer than the regular hard drives because they do not have moving parts. In reality, however, SSD drives are more likely to fail and have bad blocks developed quickly within first 2 years of usage. Yep, you may suddenly lose some part of your important files on an SSD without knowing it has already happened.

In comparison, the classic hard drives have come a long way as manufacturers of these drives have keep advancing the technology. In my situation, I am very glad that I chose my laptop with a hard drive instead of SSD. My decision at the time was based on the capacity that I need which was not available with SSD. I do not even know that the smart warning ability of the regular hard drives until I get one in this incident.

This smart warning ability gave me the precious time window to replace the drive with ease.

When SSDs eventually fail, they just die on you and you will not get the chance to backup your data first. Hence you will lose your latest work on your laptop one day no matter how frequent you backup your data.

3. Do not use SSD external drives as your backup drive.

For the same reason above, if your data is important to you, you should keep a regular hard drive as your backup drive.

I am sure that going into the future, the SSD technology will improve a lot just like the regular hard drives with better safe guard for our data. Until then, I will avoid SSD on my laptops.

4. Know your USB 3.0 Port on the laptop

The latest external backup drives use the USB 3.0 port for much faster performance. On many laptops, however, not every USB port are USB 3.0 port. Plugging in your external drive to the wrong port, will result in much slower data transfer speed. For example, my backup time of 6 hours will likely turn into 12 hours or more if I plug my backup drive to the wrong USB port on my laptop.

I made this mistake before with my regular backup routine. You can imagine what happen the next morning when I woke up seeing my laptop is not even half way through the backup process …

End Notes

It is not my first time seeing my laptops getting into trouble while I am on the road. To name a few, I have experienced RAM failure, overheating that killed the screen on the spot and bad electricity outlet that fried the power adaptor and the laptop (yes, fire too for those looking for excitement). There are many blizzard situations that we road warriors just cannot be prepared for. My advice is that have the essentials packed with you but don’t panic when things go wrong. There is no point to get upset since computer failure is part of life.

Deal with it and you have another story to tell your friends.

Products Mentioned in this Article

Western Digital 3TB Portable External Hard Drive

List of Western Digital Portable External Hard Drive on Amazon

Active Boot Disk

Portable Screwdriver Set for Electronic Devices

A Failure Might Be Imminent: Surviving a Dying Hard Disk

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Well, just days into my trip the unimaginable happened. My trusted laptop suddenly popped out a warning message telling me that the hard disk has encountered hardware failure and it is going to die soon. I am told to backup the computer as soon as possible.

I have not seen this message for at least 10 years. Not on my computers for sure.

Before that, I have seen it once or twice happening on someone else laptops.

I have dealt with hardware failures many times. Hence the recommendation I always make to others that they should backup their computers regularly. And I backup my computers religiously all the time.

But having this trouble in the middle of a trip where I needed the computer most is a first time.

I have already backup the computer completely over the past 10 hours. It took that long to backup everything I have on the laptop. I am taking no chances.

But now what?

I could not find a computer store nearby that is open. I am not sure if I can buy a replacement hard disk in coming few days.

The wait and see is getting me slowly.

Flu Got Me, I Got Oregano Oil

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After years of sickness free life, the flu in this season finally got me. The soreness and aches are real, as the battle between my immune system and the flu virus is going on fiercely. Since there is really no cure for flu, I have to tough it out. However, there are ways to reduce the ailments and shorten the recovery time.

To manage the symptoms, the obvious choice is using painkiller like acetaminophen to control the fever and reduce the pain from muscles and bones. For cough related symptoms, however, I find using oregano oil is much better than using the cough syrup from the drug stores.

First, make sure you get at least food grade oregano oil. If you happen to have access to oregano essential oil, it is even better.

Put a few drops (5 to 10) of oregano oil in small amount of water. If it is essential oil, put in 1 to 3 drops to start with because they are way more potent than the regular one. Then mix it hard with a spoon or whatever because you do not want to consume too much of the oil all at once. Some people choose to mix oregano oil with coconut oil instead and that works well too in my experience.

Sip a little of the mixture and keep the liquid under your tongue. This is the fastest way for us to absorb the substance within the oregano oil. The burning sensation will kick in pretty quickly. The experience here is the reason most people will give up the remedy. Hence start with a more diluted liquid and increase the concentration of oregano oil up to a level you can still tolerate.

After 30 seconds or so start letting the liquid to dip down your throat. Oregano oil has anti-inflammation property and the ability to cut through the phlegm. It also helps your throat to recover a bit faster. Aside from its awful taste to some, I think oregano oil is a much better cough control substance comparing to the cough syrup out there because it does not make you drowsy so that you can actually carry out your day like normal if you choose to.

Repeat this process 3 to 4 times a day will keep the coughing under control.

There are other benefits with consuming oregano oil like keeping our appetite up which contributes greatly towards a speedy recovery.

Just a reminder though, to recover from flu, the tried-and-true method of resting a lot and drinking enough water is still the best way to go.

Hang Seng Index: Unbelievably Easy to Work on

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I am working on trading models for trading the Hang Seng Index. It is a cooperation project among multiple parties. I am quite excited by the idea that I am taking my financial technologies and trading experience to challenge the best minds in the Asian arena.

To my surprise, in the initial phase of this project, for which I expected a lot of difficulties in terms of data collection and information gathering, it is so much easier than working with the S&P indices.

For S&P 500 and the other related indices, one of the challenges is to figure out all the historical components of the indices and the exact time for which these components are part of the index calculations. S&P makes it so hard to figure this out even though it is something that should be made available to the public. It took investigative work to track down all the changes that I explained in one of the chapters of Market Breadth Primer.

However, working on Hang Seng Index, it is so easy to gather such information because Hang Seng Index has its own official website with everything you need to know about the indices are made available. I have to praise those working there that they are doing such a great job that S&P should be ashamed.

So why venture into trading the Hang Seng?

Well, I can see that the financial system is not going to be stable going into the future. Counter-party risk will be again in the spotlight soon. That means trading European markets is definitely not a good idea. Trading only instruments in North America is also not a good idea if bad things happen to the brokerages and clearing houses here. So, having presence in Asia now and eventually building this up to include more countries there will be a very good way to take my trading to the next level.

How Scientific Approach to Meditation Revolutionizes this Gift from Our Ancient Past

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Meditation, the mystical practice that has gained so much recognition lately from the Internet, has been around for literally thousands of years in various forms and styles. It gained its flame because of the supposedly superpower you can unlock within yourself like becoming wiser, calmer and perform better in almost everything. However, for normal people who tried to learn this, more than half of them are likely not able to benefit from practicing meditation. In fact, it is creating more frustration and confusion than helping out these people to live a better life. After all, it was called a mystical skill for a good reason. Well, thanks to latest scientific research and technology, this ancient technique of training our mind is now much more learnable than ever.

I touched on this subject of meditation over the years but I tried to minimize the coverage because of several factors. First, it was much less acceptable to even talking about meditation just ten years ago. It was even namely as “evil” when you whisper the name to someone whose religious background somehow tainted by bad information. Second, self learning meditation is always difficult because there is no easy way to track one’s progress in such training. Unlike learning a subject with scientific facts that you can be quizzed later on to see how much you remember or understand, a normal person do not have a simple way to self assess the improvements they have made from practicing meditation.

Modern meditation techniques introduced by many famous gurus actually helped a lot more people because they simplified the whole concept down to something much more tangible. For example, the famous one-moment meditation has been helping so many people in dealing with their everyday stress and hectic lives. There are many scientific researches made public that help people to understand that being more mindful (through meditation) can benefit them so much that their brains are rewired in a good way.

So we now know meditation helps people in a very meaningful way. Its health benefits are tremendous. But these researchers have not been able to solve the biggest obstacle of making meditation something accessible to everyone, until now.

I reviewed a product called Inner Balance at my other site, Essence of Trading, focuses on its benefit on trading performance. This product is basically a portable heart rate monitor that connect to your cell phone through Bluetooth. What makes it special is that it can track your heart rate variability (HRV) in real-time giving the user instant feedback of their current state of calmness. Yep, you read this right. For the first time, there is a way for anyone who does not have access to a good trainer to learn the foundation of meditation, which is slowed down breathing, to finally learn the skill properly, quickly with much less frustration.

Heart Rate Variability (HRV) is a pretty good indicator of one’s calmness which was very difficult to measure before the discovery and deeper understanding of how our heart lung functions are affected by our mood swings. Maybe, in the future there will be even better measurement tools discovered along the way. But why wait if we already have something on hand that can help us now.

Anyone interested in getting Inner Balance can go to their site and check out the products offered there.

(Affiliate disclosure: I have signed up to become an affiliate after I gave out a whole bunch of this device as gifts and see the amazing results on my friends and family)

I will try not to repeat what I wrote in the review here. Anyone interested in that can read it later.

What I like to say here is that many traditional practices from our ancestors could be labelled as mystical but not all of them are bad. Once we start to understand more how they work, the mysticism dissolves, resulting in a more accurate view of what they really are. Meditation, now with enough scientific researches done on the subject, is shining through with real life practical use in medical treatments like reducing anxiety, lowering high blood pressure and improving performance from sports to trading. It is a real gift from our ancient past.

The Lack of Educational Resources for Traders in Hong Kong and Rest of Asia

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I wrapped up my trip to Asia on schedule earlier this week. I did not anticipated that though because there is always something coming up from this type of business trips that you have to extend it until everything is taken care of. Very nice that I get to take a break now going into New Year for much needed rest and relax before the hectic work schedule I planned for next year.

During my stay in Asia I squeezed time to check out various bookstores in every major city I went to. I was trying to find some trading books that are of decent quality to be recommended to my Asian readers. And if possible, I could just buy a whole stack and give them out as holiday gifts. Sadly, I could not find one book that really meet my expectations. It is quite disappointing given last year I learned about the financial scams still rampaging in these countries.

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In many of these bookstores, there is really just one or two columns of books on investments. And trading, being a sub-category of investment, has probably one to two rows of books. These books on trading are mainly translated from books originally written in English. My not so in-depth attempt to browse through some of these books leaves me with a pretty bad impression as I have read the originals and I am quite sure the translated versions of these books are not delivering the correct message to the readers.

Another very interesting phenomenon is that Warren Buffett is over represented in every bookstore I visited. First, if you are a normal person, you should not invest like Warren Buffett. I am willing to go all the way to say that if you are not Warren Buffett, you should never invest like him. It is a very sensitive topic which deserves a complete article written on just this issue alone. I guess I have to do that in the future so that I do not need to answer this same question again and again.

There are rows and rows of books, both translated and originally written ones, on Warren Buffett’s “investment secrets” and “financial wisdoms”. This is classic cult following mentality where these books are there to attract casual readers to buy them on impulse. They do not provide any real value to the readers yet I know they must be selling very well because there are multiple copies of these books on the shelf while other books you see only one copy there most of the time.

I can see the huge potential of trading / investing education market in Asia. Only by lifting the overall standard in investors sophistication in the region will eliminate the continuous scamming activities there. Better education for traders will also reduce the number of tragedies related to gambling in the financial markets that I see dominating the retail trading scene in Asia.

Casualty of Going Cashless: Empty Donation Boxes at the Cashier Counters

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I do not usually go to fast food joints or coffee shops. If possible I always prefer brewing my own coffee and cooking my own meals. Doing this for years not just because of the health factor but also for the sake of avoiding long line ups. During my trip going from Canada to Hong Kong, however, I spent some time strolling in the airports while waiting for all kinds of things. I found a very interesting but sad phenomenon has emerged.

Those donation boxes that sit at the front of these cashier counters at McDonald’s, Starbucks, Tim Horton, etc. are all pretty much empty.

I actually popped the question to a few cashiers to see if my observation is correct.

Well, it turns out, the little amount of coins in many of these donation boxes were the collection for over a week.

My casual observations tell me that eight to nine people out of ten lining up at Subway used credit card, bank card and even cell phone to pay for their food. I actually counted the numbers while waiting for my flight. That’s about 50 people over a 45 minute sampling. The remaining ones who paid with cash have not put their changes into the donation box.

Well, Canada chose to do away with its pennies (1 cent coins) probably contributed to the problem too.

I wonder what the charitable organizations can do to counter this situation.

Time to Slack Off 2017

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As a follow up to my Time to Slack Off series, I like to report my results and what I think going forward I will do with my trading. Many doors opened this year for which I am very grateful for and that I get to try out different ideas in such a short period of time is both exciting and exhausting. It is time for me to reflect and plan for the coming year.

Transformation of My Trading

I have achieved my trading goal for myself and for my clients as a money manager back in early October already. Due to serious pile up of all kinds of tasks, I did not get the time to write about it until now. This year is fundamentally different from the years of trading I have done due to the drastic changes of my trading goals and the new responsibility of managing a completely different kind of funds.

Many readers who follow me for years know that I used to trade through the complete US market open hours. I did take breaks during lunch but I tended to squeeze as much profit from the market as possible back then. Last two years my personal trading goals have changed to a more moderate approach for which I am driving for consistent returns with much reduced stress and effort. That took a lot of work outside of trading to further improve my mechanical trading models. More importantly, I came up with an even better trading framework for handling the current trading environment.

Hence I spent a lot less time in front of the screen and more time outside of it. I now usually sit at the screen to watch the open but I can choose not to because my mechanical models would take care of the orders anyway. Even though I have open positions by 11 am (Eastern Time) I can walk away since the positions are managed automatically. In my opinion, the performance is actually better based on the relatively shorter amount of time spent in front of the screen.

My Experiment on Running a Different Type of Fund

Last year I started to manage in a small scale funds that demand stable return in low-teens percentage with a time window of 3 years (or more) of lock-in period. As oppose to classic fundamental based fund managers who bet on fairy-tale information, or those big swingers with so-called macro view that ignores the market dynamics, my approach is to day trade with mechanical strategies that I know are rock solid concepts working consistently over the past 20 years. By controlling the leverage, I make it possible to produce consistent returns without the so-called volatility swings with those funds that have overnight risk. It is a great idea that worked out very well.

In comparison, the responsibility as a money manager managing client accounts, my objective is often maximizing the return with risk precisely defined. I can assure you that it is not an easy task. Although I have been doing my part for years, it is still challenging as the financial markets evolve rapidly.

The Birth of a Private Fund

Inevitably, after the success of the experiment, I am being asked to reconsider my position to run a fund among close friends and families. It is not even going to be the size of a tiny hedge fund. It is just money that a few close friends can spare for speculation purpose (something I called burnable). Since I am so restrictive on the amount of money they should put into the pool relative to what they have and that I am imposing the same 3 to 5 years lock-in period, I am glad that they choose to keep their individual commitment small. Now that the word is out, I have requests from friends everywhere asking me to do the the same.

This is, kind of, completely deviating from my original plan. My original intention was to run this private fund with just my own money and possibly some from my partner. Once the first year return is booked, I will try to convert the individual accounts that I manage for my long term clients into the same pool so that I can streamline the whole operation. That is a longshot though, because my clients really dislike publicity of any kind. Still, I hope to convert them to believe in my new hands off approach.

Anyhow, I planned to launch this no later than February next year. Just the explanation of the risk involved in my kind of trading can take hours to each individual interested in this. It will keep me very busy until then.

Mix and Match of Trading Signals

So what does all these developments have to do with daytradingbias.com? After all I tagged this post with it.

Well, part of the trading models I developed for my private fund will also be made available at daytradingbias.com thru real-time trading assistant and other means. I have looked into many other ways to delivery the signals. The viable ones will be added one by one.

For those interested in managing their own accounts with a subset of signals picked from the set, documentation / a complete course will be made available so that they can adapt the strategies to create a trading plan that fits their risk tolerance. This is what I am planning so far but I do not know if the plan will change again down the road.

On the Road Again

I am heading to Asia as mentioned in my post back in October coming weekend. Once I have internet access there I will continue to post. I will get the chance to meet with many people from the financial industry there. If anything interesting comes up, I will definitely write about them.

 

Past Time to Slack Off Posts

Time to Slack Off 2014

Time to Slack Off 2013

Time to Slack Off 2012