Canada has turn colder since the Mid-Autumn Festival. Some even say that this year we may encounter extreme coldness this winter. Hopefully it will be just another year with normal winter. It is hard to deal with extreme coldness here …
A lot of talks about “gamma squeeze” over the past few months. I was asked about it several times too. If you do not understand what it is, check out this short article. Someone already wrote a good piece explaining the concept, why write it myself?
We can’t stop talking about covid these days and here is a nice clip on how people are so out of touch with reality. I am not sure if this clip will be removed for spreading misinformation. Check it out and you may be surprised what was said in the clip.
Another great interview by Tom Bilyeu with Dr. Huberman. His work is extremely useful for anyone who wants to achieve better results in life. For many people they are hopelessly addicted to emotions that are harmful to them. The ability to control and manage your emotions is a powerful tool to improve one’s life. I like Tom’s way to kick himself into sleep. Got to give it a try.
Crazy work schedule still dominate my life. Lots of progress on research and development front is making it all worth it. I finally see light at the end of the tunnel and my plan will work out eventually even though it is taking more time than originally planned. But what happen according to our plans lately everywhere?
Have a great weekend all!
Today is Friday the 13th. Another record setting day for the stock markets worldwide. According to multiple sources, retail players are now going all-in. If that is really the case, then this rally will last at least until majority of these retail investors used up all their bullets first. I wonder when that will be.
Read a report of robbery … and it makes me wonder how low USA has sunk. I am not sure if going to USA will be a good idea for any tourist in the future.
I am thinking and preparing my trading firm’s disaster strategies. I have learnt more about the Carrington Event and it is enough to keep me waking up at night. Seriously, even NASA can only warn us just hours before the impact of these solar coronal mass ejections on Earth. Unlike more than hundred years ago, our cities and pretty much everything depends on the functioning of our electricity grids and, well, the internet. I wonder how prepared we are against this type of disaster.
The talk of the Great Resignation has been popping up everywhere. It is a phenomenon that we should not ignore. The crazy covid responses worldwide by the governments produced this movement, intentional or not doesn’t matter. What matters is that going forward the societies as we know will change drastically due to this change in attitude among many people.
And if you have the time, enjoy this lecture about a mystery period in human history. It was done back in 2016. And I think it is so relevant today that we should be aware of the possibility that, unlike what those New Age dreamers saying everyone is going into spiritual enlightenment now, the coming decades could be the world burning down to ashes with majority of human going insane first.
For those of you interested in stargazing, a spectacular light show is happening these few days. If you get the chance to observe the sky in a rural area with less artificial light, you will love what you see.
This weekend I have tons of chores piled up that has to be taken care of. It happens when I am so focus on my research work from time to time. Time to clean the clutter!
If you have email me over the past few weeks and I haven’t responded yet, just send it to me again.
Wish you all a great weekend!
This week the stock markets worldwide zoom in to just one thing – the spike in US T-notes yield rate. It dropped a bit below 1.5%, we got that Monday mega rally. The next day it edged higher to 1.5% again, Nasdaq 100 higher flyers all hammered. And then yesterday Powell said nothing to calm people down, next thing we know yield just spike through the roof and collapsed S&P back below year 2020 close. Watching the markets move feels like watching a drunk doing all sorts of crazy things.
Got to wonder by next Friday will the markets remember what happened this week.
I watched a video about Turkey’s real estate trouble. The trouble there looks to me already happening everywhere else. Real estate investors should pay attention about this.
I came across this video recommended to me by a friend on tendon training. He is so surprised that what is said in the video confirms what I told him decades ago that the classic martial art training if done correctly it does not focus on training your muscles but your tendons. Sometimes it is important to not slap the words of “not scientific” on things you do not understand. I have seen first hand how one of these very old master martial artists with a thin and flimsy frame who can punch lightly and destroy a concrete wall …
No magic. No tricks. Pure hard work over several decades.
And obviously his disciples could not achieve the same level of power due to “demand of modern life”.
Jordan Peterson’s new book Beyond 12 Rules for Life is just released. Accompanying that, of course, are internet media exposure in place of the old world book tour. One of the conversations that stands out and worth watching the whole thing is the one Peterson did with Tom Bilyeu. The conversation leads to interesting explanation by Peterson on several psychology concepts that would take years to learn. Be warned – it is two hours long.
I am extremely busy working on multiple fronts and that stalled my effort on producing videos / short lectures for my trading courses. I can foresee that by end of March my marathon push to setup my prop trading firm will reach the milestone of completing the work on laying out the foundation. There will be few mundane tasks left and back to a more regular schedule to focus on research and development. I will then be able to pick up from where I left off on producing the videos.
Have a great weekend all!
This is the quarterly option expiration week. As I explained in my past writings, the stock market behaviour during option expiration week is not the same as the other ones which often caught traders on the wrong side of the market. And it is happening again this week with people all cheering for a strong start for the week and then everything flipped upside down going into Friday. Awareness of these pattern changes can really help traders improve their performance into the next level.
I watched a good video from Veritasium on success – how luck play such an important role in our world really matters.
I came across an article about our bones being an important organ in maintaining our health. It looks like there are a lot more to research on this subject in coming years. For me, it gives me the motivation to not skipping regular exercise.
And here is an article that really mess with those of you who hate astrology so much – about the oysters and their sensitivity to the environment.
I have a lot to do this weekend so I will keep this post short.
Have a great weekend all!
What a week for the stock market – when everyone was talking about the market would never go lower because of the Fed policy, next thing you know we got a one day drop of more than 6% in Nasdaq 100 and 3% in S&P500. Usually September and October are the more volatile months so more fireworks is very likely in coming few weeks. On top of that, we have US election in early November. This is going to be very interesting for aggressive traders going into the end of this year.
Robert Greene just released a new video on human irrationality. It is a long video (about an hour) that I think everyone should watch and learn from it.
For those of you who grew up with the Apple II computers, you probably played the game Prince of Persia. Here is an interesting video on its creator Jordan Mechner who figured out how to break the Apple II hardware limitations. What he has accomplished shows the importance of having multiple voices in any large scale projects. If he had stayed the course of doing what he thought the game was all about, Prince of Persia would not have becoming the iconic classic games of all time.
And remember, never ask a surgeon whether you need a surgery – interesting talk of clash between Canada’s CMHC outgoing chief and Canadian real estate industry.
Looks like this weekend I will have a break from my marathon meetings. I need this badly as my biological clock is totally messed up over the past few weeks. Some “me time” for meditation and exercise sounds like a plan.
Have a great long weekend all!
A very productive week coming to an end while leaving me quite happy and exhausted. For one, finally closed a deal that has a marathon run of six months of negotiation. On trading side, I am making great progress with MultiCharts automated trading. Persistency and being patient have again proven to be useful when you want to accomplish something that worth the effort.
I am learning how to take night sky pictures lately. It is very different from taking regular photos due to the need of long exposure and other complicated settings. Will post some of the results here when they are reasonably enjoyable. Since I don’t have anything good yet, I have to use a stock photo this time.
Here is an interesting story on why the Sistine Chapel does not allow people taking pictures. I have been to Rome many times and stayed there for quite a bit in the past. Never thought of the reasons behind the no picture rule are so obscure.
For those of you who are trying to do intermittent fasting, you should read this good research paper on fasting from Japan. It will add to your understanding and help you stay the course.
I found a good video on YouTube with Jeff Gundlach talking about the problem of finance illiteracy. There is a link to the complete interview in the description as well. The fully interview is long but it is a very enjoyable one covering many aspects of his life. It is like reading his biography uncensored. I found the part on astrology about him very fascinating. As someone like myself who have a similar scientific background and beliefs, yet accepting the fact that astrology can be useful and helpful to people.
Have a great weekend all!
Another hectic week passed with me not knowing what time it was until the alarm clock fired off for the next meeting. It was not pure business meetings though. My friends who need my help called more often during this outbreak. Glad that I can give them a hand in this crazy time. Things are getting difficult everywhere in the world while the stock markets and precious metals are flying to the moon.
One thing I learned from friends with connections is that many Canadian banks are no longer willing to renew mortgages for clients who are self-employed. Or that they would tighten up the requirements so much that these self-employed individuals are forced to take on second mortgages. I never get the logic behind this line of thoughts by the Canadian banks.
Maybe, it has nothing to do with the banks because they are forced to follow a stiff guideline from Bank of Canada on all mortgages. Any irregular income makes it very difficult to satisfy the one-size-fits-all metric. At the end, Canada and other countries taking a similar approach to banking regulations are destroying their economies from within.
Latest discussion about the zero bond yield situation from Bridgewater should be useful to those who are wondering what to do with their retirement funds.
Lately, I have to help quite a number of friends with their life crisis due to COVID-19. Be that losing their jobs, businesses and lockdown depression, I found I keep referring them to this old video from Tim Ferriss on defining your fears instead of your goals. And for those who manage to find meaning from the video, I ask them to go read either The Obstacle is the Way by Ryan Holiday or a easier read, The Subtle Art of Not Giving a F*ck by Mark Manson.
If you know of anyone who may benefit from the video or the books above, spread the words.
Life is tough. But there is always hope.
Have a great weekend all!
Birthday week for me so perfect excuse to meet up with people. However, on trading front, it has been an upsetting week due to more problems with Tradestation. I am deciding if I will move all the automated trading away from Tradestation onto other platform.
An article from Maria Konnikova on What She’s Learned from Poker. It is a good read for anyone just started out with playing poker, and, of course, trading. The concepts mentioned are equally applicable in life.
Just in case you are wondering, yes, she also won a poker tournament after learning from Erik Seidel.
A very interesting discussion on shadow banking by Marin Katusa and Robert Kiyosaki. Most people, who know what a swap line is, assumed that they are used the way they are described. Well, they are not.
I am thankful to all my friends celebrating this birthday with me. I rarely celebrated my birthday for years. It is nice to do something different for a change.
Today is a US market holiday making this a long weekend for me. Many of my friends in Toronto find it odd that I rarely take a break on Canada Day (July 1st) while enjoying my time the weekend after. Well, they are not aware of my trading mainly deal with US markets so my holiday schedule is really the American one.
Just heard the latest podcast Tim Ferriss Show with Hugh Jackman this time. A very interesting podcast packed with a lot of details that is never disclosed before. Tim Ferriss did an amazing job getting his guest to spill his guts. Enjoy the show if you have 2 hours to kill. And in case you prefer to listen to it on Youtube, here is the link for that.
A short clip with Ray Dalio summing up perfectly the kind of financial markets we are dealing with. It is difficult environment to navigate if you do not have a big picture understanding of what is going on. Mr. Dalio summary can help you pay attention to what matters most at this point in the economic cycle.
Long weekend is often a good time to reflect and contemplate what to do next. Many people tend to imagine too much and try too hard to develop a plan that they can never follow. I am a true believer in the accumulation of results. Or as Steve Jobs’ famous speech put it, “You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future.”
Dive deep into one subject or topic at a time and do your best to learn as much as you can is a very empowering experience. Don’t tell yourself you are “trying to learn as much as you can”. That framing of “to try on something” already put you in a state of not learning, or, in a state of rejecting whatever coming out of the experience. Words have power and programming yourself with the wrong words have consequence.
For those of you struggling with trading over the past few months, maybe it is time to dig deep and refine your skills related to trading. 10% better in one area within a month may not do much. But after getting better by 10% (or more) in several areas of your trading can be a game changer to your overall performance. There is always room for more improvement in our line of business, and in life too.
Have a great long weekend all!
An article on how these ancient computer systems are still in use today by the governments that leads to the mess we are seeing during this crisis. I know about this all along as I have friends who are expert in these old programming languages that are very well paid to maintain these systems. The sad thing is that transition to more modern computer technology is not likely because it implies automatically obsolete the existing management teams …
On YouTube Bloomberg channel there is a good video talking with Ray Dalio on his take on the current situation. I find his objective reasoning still as sharp, that the Fed has no choice but to choose who to save, and as an investor you have the choice to choose to invest based on that information. In other words, don’t mess with the Fed until they blow up.
DaytradingBias is undergoing major server upgrade these few weeks. After that we will also update the site itself again, this time to comply with the Google transition to so-called secure internet connection. All these will be done with the hope that users access will not be affected significantly.
After the hardware upgrade I will release my video lessons on the site. It should be good enough to handle the load by then.
Many people email me asking how the stock market keeps going higher as they see more and more people are out of work. Well, remember that the stock market by design is not a tool to reflect the true value of anything. During time of high uncertainty, the expectations of the future by the investors will not be as united as in stable time. And that creates extreme swings as people of opposite opinions duel it out.
It is really not the time to think about investing. All the major players I know of have stopped all their near term investment projects. Deals that are in the middle of negotiation are all dropped. All savvy investors are sitting this out until we have clarity. That’s common sense.
While I am waiting for the server upgrade this weekend, I will work on more video lessons.
Have a great weekend everyone!