The Lawrence Chan Blog
I have diverse interest in many things from science and technology to martial arts and ancient health practices. Obviously, discussion of these topics should be done within my own blog as oppose to keeping them here. Hence my blog is created so that I can have a venue to express my creativity and thoughts on my other interests. For those of you who share similar interests, you can check out my site TheLawrenceChan.com
Due to the sheer volume of articles I have written about trading, many of which are trading related yet not technically in line with what DaytradingBias.com is offering, they have to be split from my blog into yet another site. Hence for my non-technical writings about trading, videos I have curated from various sources that I think are useful for traders and my reviews of trading related products, you can find them at the site Essence of Trading
The reason why I picked the Tai Chi picture above for this page is best explained by my article Tai Chi Traders in a World of Chaos at Essence of Trading.
Below are the old blog posts that were originally posted here. To avoid broken links from other sites, I have decided to keep them here.
Holiday Spirit
2013 Dec 5 Thu 21:23:36 | by
Saw this at the hospital today. It is so nice the patients and staff there spent the time to create this beautiful decoration to cheer everyone up. That’s the holiday spirit!
![20131205_165115[1]](https://www.daytradingbias.com/wp-content/uploads/2013/12/20131205_1651151.jpg "20131205_165115[1]")
Tax On All Forms Of Assets Coming?
2013 Dec 4 Wed 18:50:55 | by
I wrote about the possibility of asset tax coming to town in the 3rd instalment of my bartering series.
Now, London is the first city to strike their foreign investors.
Straight from Bloomberg,
This is going to turn ugly everywhere.
WTF Chart of the Day: GE vs. S&P500
2013 Dec 3 Tue 22:12:46 | by
Dan Gilbert: Why We Make Bad Decisions
2013 Dec 2 Mon 18:28:24 | by
Mr. Gilbert tells us how we keep making bad decisions even though we know clearly how not to. It is one of the original Ted Talks that really drive home the difficulties of making sound decisions that involve both time and money.
Note: Be reminded that it is a long talk at 34 minutes.
Perception matters.
Most of the time, it is our worse enemy in trading.
It takes practice to hammer into our mind making rational decisions only in trading.
It takes more than just practice to be patient in trading. Not an easy task at all.
Kelly McGonigal: How To Make Stress Your Friend
2013 Dec 1 Sun 19:31:05 | by
Ms. McGonigal talks about stress and how new findings in human response to stress leading to overhaul of our understanding of stress.
Ms. Gonigal mentioned courage which is really the main theme of the video.
Courage is known to be a born with characteristics. Some prefer calling it a potential only because it still takes effort to bring out the courage. What Ms. Gonigal says is that courage can be developed through the willingness to connect with other people and the willingness to feel what others feel.
I am bringing this up because traders are often facing adverse scenarios. Many people simply paralyzed when they are facing sudden change in the market environment that their logical self just couldn’t keep up. Courageous people, however, has the advantage of accepting the situation and move on.
I am not saying that trading with so much emotional swings is a good thing. I am saying that if the market can inflict emotional swings on you so badly, you need courage to overcome the adversities. What Ms. McGonigal says is a way out to reprogram our mind so that we can handle stressful environment better without the innate advantage.
Lately, Canada’s national lottery game Lotto 6/49 increased its price per entry from $2 to $3. Promotional materials suggested that to compensate for the necessary change there is now a guaranteed price draw of one million dollars every draw. Well, s …
I have been working on so many ideas for the site this year. Many already have a good start but some projects were left behind. Not a good sign. One of the projects not taken care of, again, is the ebook Art of Chart Reading. I started writing the e …
As of this Thanksgiving, my trading year is done. It is an unusual year for me in many ways while it stays the same in others. I will still trade a bit here and there but nothing more than that until end of this year. Over the coming month, it will b …
Long delayed daily biases reporting for forex is almost ready. It is the same concept as the one for S&P signal page except that for forex we need to produce the reports for the majors, not just one symbol. Once we work out the remaining format …
First, a video from Secret Life of Money from Discovery channel. Not the full show here, just the short clip having the right statements and questions. Second, a video from The Atlantic on the same subject. Understand the basic …
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