TLC Weekly Update November 1, 2019

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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!

TLC Weekly Update October 25, 2019

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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!

TLC Weekly Update October 18, 2019

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It is getting cold here in Toronto. Temperature dropping fast. It looks like a very cold winter is ahead of us.

Many project deadlines are clustered this week onward until beginning of November. So far everything working out fine. Quite a number of these projects are related to DaytradingBias. I will have separate announcement on the site when they are ready.

The introductory webinar with futures.io is now rescheduled to November 12. Those who are interested to join can mark the new date down. I will be organizing some kind of special offers to go with the event. I will post more details as we get closer to the webinar.

The hacking of my sites has picked up steam again this week. From what I learned, it happens to many other websites too. My team has no choice but to monitor the situation and deal with the aftermath one attack wave at a time. Here is a real-time map of total number of attacks worldwide handled by the Wordfence network.

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For my members who find the sites not loading as quickly as they should, just drop a line to my team by email so that they can look into that as soon as possible.

Came across this article on my LinkedIn feed, Tails, You Win. It illustrates how long tails, or exceptions that happen way too often, really matter and how they persist in the real world. In a way, it is another form of the 80/20 rule many of you already aware of, just that it is much more acute when it comes to any thing that is money related.

I guess writing an article or posting a video on the subject that focus on trading is in order.

Have a great weekend all!

TLC Weekly Update October 11, 2019

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Lack of sleep is definitely a problem this week. So many things have to be taken care of, yet I do not always know exactly what to do with them. Taking on new challenges is fun this way.

Squeezed some time to download the daily statements for Big Game Hunter ES reference account over the past two months this week. Monthly performance summary should be updated already for everyone who like to track the performance of this automated trading strategy. When I get the chance I will follow up in my article series on auto trading what I think about the performance of the strategy so far.

In order to free up space in my office, I have to somehow go through many old stuff and boxes I never open since they were packed several years ago. Threw away a lot of garbage so far but I managed to find quite a number of interesting items, including something nostalgic like the Signal FM box that I used for trading almost 30 years ago.

For those who are too young to know what I am talking about – eSignal used to be Signal and the real-time data were streamed through FM radio frequencies and cable channels.

I wonder if eSignal still support this kind of broadcasting service …

I came across this interesting video and its article version titled The Toolbox Fallacy. It is a great reminder to all those who failed to accomplish what they desire yet keep on giving themselves excuses, that it is very important not to make yourself stuck in a loop of needing yet another tool before you will actually get something done.

BTW, due to scheduling issue, my intro webinar at futures.io will be delayed to November. I will post about the new date once I get it.

TLC Weekly Update October 4, 2019

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Over the past few weeks, due to a very hectic schedule and the need to dine out with business partners who love noodles and all kinds of carbs, I somehow gained weight. And it gets very difficult to lose them even if I go back to my regular diet because every other day or so it will be disrupted again. Seriously I need a way to deal with this.

Talking about diet, I came across this piece on chess grandmasters managing their performance through diet and exercise. What strikes me very interesting is not really the part on diet and exercise as I already know how important they are. The most fascinating thing I learned is how the reigning world champion Magnus Carlsen managing his career by playing less instead of more to keep himself in peak performance. This has been what I advocate for years to traders – make fewer decisions in real time and focus more on broadening your knowledge about the markets you trade will improve your performance many times over.

I am decluttering my workspace lately hoping that by rearranging things a bit, I can manage to create a tidy corner in the room for doing webinars and videos. I did not really think of allowing people to see my office so it is something new to me. On the other hand, it is an exciting thing to try because I will be able to do so much more comparing to written articles. Just imagine I can carry out a lecture style session showing specific trading techniques and interact with the attendees in real-time …

And don’t forget to mark this down on your calendar – Oct 15th 4:30 pm I will do an intro webinar at futures.io. After the short intro going through a few slides, there will be a question and answer period. See you there!

TLC Weekly Update September 27, 2019

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What a productive week! I wrapped up quite a number of projects over the week. Time to have a mini celebration.

First, I finally completed my training course, The Emini S&P Day Trading Course. It is first time ever anyone use this approach to teach people how to day trade. I hope it will set a new standard in the industry and re-define the meaning of trading education.

Second, I get to sit down with my team to figure out what to present in the upcoming introduction webinar this coming Oct 15, 2019 at futures.io, a traders community. I will post more about the webinar when I have more details. For now I just know it is supposed to start at 4:30 pm Eastern Time and I am supposed to do a presentation of what DaytradingBias does.

I came across this youtube video on exercising with just the resistance band. It is what I mean I always travel with that. A picture is worth a thousand words. A video tells the complete story.

Just posted another article yesterday for my series on trading automation. The misunderstanding is so deep, among not just the trading community but also normal folks who get to know about mechanical trading from news of them losing millions (even billions) of dollars, I think I need to voice my stand on this issue.

TLC Weekly Update September 20, 2019

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After blocking out majority of my time from evening onward since last Saturday, I managed to force myself to sit down and completed the Emini S&P trading course I promised for a long time. Majority of the course manual has already gone through the first round of editing by my editor. I will try to wrap up the manual for first release as soon as possible. Since I am offering life time support of the course, everyone who purchase the course will be able to download all future releases from the support area so such issue of the manual going outdated should not be a problem.

I am very delighted that I finally completed this core training material for “the rest of us”. I was never one of those 4% of the population destined for trading. My older brother was and he is still better than I am today in terms of these traders’ traits. But I found a way to compensate my lack of talent with a highly structured approach to trading that helps me forge a successful trading career that I am proud of.

My secret wish is to empower all normal people like me to be able to make money from the financial markets more easily. It is really time to stop preaching the classic way of trading education to the normal people. We are just there to use the market to make money, we do not need to be passionate about the markets or damn curious about the future development of these markets. We just need the right set of tools to strive in the current economic environment where the government no longer care about normal people’s financial well beings.

I read this article on the best books for learning modern statistics and find that these books are much better than the classic university text books. If you are interested in data mining, these books will be very good introduction. The best part is, they are free.

And for those of you who are Malcolm Gladwell fans, here is his talk about his latest book, Talking to Strangers. I have not picked up the book yet but I am sure I will have it on my reading list.

Have a great weekend all!

TLC Weekly Update September 13, 2019

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Another week just fly by so quickly. I don’t even know it is Friday until being reminder to go for an early meeting today. For some mysterious reasons, everything is happening within this month and the next. Maybe it is time to read my horoscope to see what is in store next.

I watched this video about Arnold Schwarzenegger’s Gym & Fridge. Interesting how a body builder adapt to old age and stay fit. His way of eating an egg is definitely inspiring.

I have my team working on various versions of the trading strategies featured at DaytradingBias.com. I understand that many people choose their platforms other than TradeStation. As oppose to what many people think, it is much more complicated to convert these mechanical trading strategies into other platforms. The main issue is not the programming factor. Instead, it is the configuration of the underlying charts in each platform are drastically different from each other. Many platforms simply do not have the flexibility to chart the data series in customized ways.

Once we have something ready, I will upload the code and also write in details how to setup the charts correctly in these other platforms.

On the site security front, I am happy that the improved measures have protected the site from being brought down by the hackers so far but the slow down of the site is still causing inconvenience to my members. The security services I am using now are helping us to find the best solution going forward to deal with this remaining issue. I will report on the progress in a month.

This week Toronto is getting warmer suddenly as if it is summer. It was as high as 28 degree Celsius. I wonder if the predicted early arrival of extreme coldness by October will really happen?!

Time to go.

Happy Mid-Autumn Festival!

TLC Weekly Update September 6, 2019

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Another busy week came to an end. Meetings piled on everyday. I don’t even have time to write until now, Saturday morning. It was an exciting week that produced many great results. I am very happy that several deals are finally completed so that I do not need to worry about them any more.

Another interesting development with DaytradingBias.com was brought to my attention by my team. They told me for some mysterious reasons, the site is gaining huge in Alexa ranking. Alexa ranking is one of the major ranking services on the net that determine the level of traffic a website comparing to all the other ones in the world.

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Since I have not instructed anyone doing any SEO (search engine optimization) or any significant promotion, I have no idea why the site is gaining so much attention. It is nice to see that more people are aware of what I do though.

I read this article on Extreme Experience recently and leads me to reflect on my own experiences in life. Indeed, the ones I can still recall vividly are the ones that produced the most extreme emotions. And they do shape my life much more than those experience that is supposed to be more significant yet has no extreme emotions occurred at the time.

I wonder how I can utilize this knowledge to better shape my life in the future?

I was asked many times this week, as I have to talk to many people who do not know me, about myself career-wise. It is a very long story and just talking about how I started trading already open up a lot more interest of the rest of the story. Maybe I should starting writing a memoir … nah, this can wait.

More catch up this weekend has to get started.

Have a wonderful weekend all!

TLC Weekly Update August 30, 2019

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The attacks on my site DaytradingBias.com last week actually messed up quite a few things but nothing serious. Given the circumstances, I have again upgraded the defense measures hoping that the site can better protect itself should there be another wave of attacks. I am getting very curious why there are so many bots out there trying to hack sites like mine that are relatively unimportant.

I made good progress in completing the trading course for Emini. I like to get it done quickly but my schedule is packed so I can only work on it at night and during weekend. Anyhow, I am committed to complete the first edition by the end of September. Site members will see the support page for the course soon.

Here is a teaser picture.

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I was asked many times to write more about the astrology cycles that I explained in details couple of years ago. The other day someone asked me specifically certain technical questions about I Chi and I drew some diagrams explaining the concepts in a visual way. I will tidy up those drawings and write up an article on that. So it is coming, don’t worry.

Many people are wondering if we are going to get a trade deal soon between US and China. The truth is, even if a deal is made, it will not be something everyone likes for sure. So just more headaches for traders and investors these coming months. During this tough time, remember to clear your head before making any trading decisions. Try start your day with Muse, a pretty good meditation assistant.

Got to go. Have a great Labour Day long weekend all!