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.
More Changes to the Site
2014 Sep 16 Tue 23:36:47 | by
I’ve decided to add two sections to the site. One for emini and one for forex.
This should make it easier for our members and visitors in navigating the site easier as many find that the current organization of premium section with categories of items not very easy to use.
The premium section will still be there. The new sections are created so that there is another way to access the articles, trading tools and daily reports based on the markets they are related to.
Cell Phone Minutes Wasted, Time Wasted And No Answer From BMO
2014 Sep 14 Sun 11:32:07 | by
I am still waiting for BMO on my cell phone here to see what is going on with one of my credit cards. It was declined earlier today but it was working fine yesterday. 2 hours 45 minutes into the call and I am still stuck in the queue.
Could this be BMO Bank of Montreal major f-up again like what happened back in May?
http://globalnews.ca/news/1316638/bmo-mastercard-customers-fume-over-service-glitch-no-explanation/
Being a cautious person, I cannot just give up on the call and assume everything is fine. It is better be safe than sorry if something bad actually happen to my credit card.
It is interesting that Canadian companies, especially the big ones, rarely (well, never is the better word) acknowledge their problems.
Could this be the reason why they are losing customers to their international competitions all the time?
Update: 3 hours plus I was finally connected to BMO’s customer rep. Yep, their computer system has f-up again. I was told to “try” using the card later in the day to see if service is restored. The customer rep is helpful and tell me right the way the problem is at their end. Good customer service right there. It is the management that should seriously think about better communication and fixing their damn system!Next Project: Emini Specific Trading Tips and Tricks
2014 Sep 4 Thu 12:53:14 | by
I have a long list of questions and requests that are specifically about Emini day trading. Many of them are very much recurring questions like “I am interested in day trading. What is this Emini you are talking about? Please tell me more about it.” It is quite difficult to keep up with all the questions so I promised to write about them.
So far I have written a few articles on the subject covering the general questions people have in mind:
Is day trading Emini better than day trading stocks?
How much money is needed to day trading Emini?
Is day trading income sufficient for someone with not much capital?
How do I get started day trading Emini?
All these questions have answers on the net already. I guess my readers just like to get the answers from me to reassure them that what they have gathered elsewhere is true. I am very flattered that my readers have put so much trust in my opinions. It feels heavy too because putting out the answers to these questions means they will be depended upon for the beginners in making their decisions in giving day trading a try.
I did my best to provide the most thorough answers I can come up with. It is definitely better than answering these questions individually which often ended without the more in-depth discussion of these subjects.
Since I have now answered the general questions about Emini trading, it is time to deal with the specific technical questions raised all the time. These articles are actually easier to write because I have answered many of them in real-time commentaries. All I have to do is gather the information and expand the answers.
I am sure these tips and tricks on emini trading will be very useful for many traders.
If you want to remind me to write about certain things on Emini, comment here or email me.
Daily Cheatsheets for Crude Oil and Other Markets
2014 Aug 29 Fri 14:45:13 | by
To answer the requests for daily cheatsheets on crude oil and other markets, I need more input from those who are interested in them.
The main issue with crude is that the front month / most active contract do not always stay the same from year to year. It is the very natural of commodities that have strong seasonal effects. It is very often that people are trading both contracts at the same time (i.e. spreads). That means I need some time to think of a way to produce a version of the daily cheatsheet to handle the commodity markets properly.
There should also be specific tools made for these markets too because there are unique trading opportunities related to them that are not available in the index markets.
Input on this idea will help me sort out what is more important and what is not.
Thanks!
Thank You For Your Support With The Testimonial Request
2014 Aug 27 Wed 10:26:33 | by
Since I posted my requests for testimonials, I have received many testimonials through email from our members.
Many thanks for all your kind words, praises and encouragements.
I have taken notes on your special requests too. I will be addressing them each separately in coming weeks.
For those who like to send in their testimonials, you are always welcome to do so by sending them to me at lawrence@daytradingbias.com
One of my readers forwarded a discussion of Special Theory of Price Discovery (STOPD) in a private trading forum to me. It is interesting that none of them have actually read the book and all comments are speculations of what STOPD actually is. I am …
A 6.0 earthquake hit San Francisco earlier this morning. http://www.reuters.com/article/2014/08/24/us-usaearthquake-idUSKBN0GO0A520140824 As I posted last year about sunspot and earthquake, the number of earthquakes and magnitude of them is expecte …
As mentioned a few times before, DaytradingBias.com was under heavy attack by hackers for a while. The measures we’ve taken has dropped the impact of workload on the website to manageable level. What we have not mentioned was that the attacks neve …
My site designer thinks that featuring some testimonials from our premium members will be a good thing for the site. I am asking for our premium members to send me testimonials about our service. You can email me directly at lawrence@daytradingbias …
I can sum it up in one simple chart. Anyone actively trading emini knows that the market is now mainly driven by bots, small & large hedge funds and big institutions. These players are all so predictable, I guess we can call this the golden er …
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