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.
Changes to the online eBook Art of Chart Reading has completed
2012 Dec 12 Wed 21:48:52 | by
I think all the old links are fixed to point to the new ebook page.
If anyone find any of the pages in the ebook (and anywhere within the site) still mention Crash Course please let me know.
Also posted another part of the ebook, Swing Highs and Swing Lows, to the site.
Enjoy!
New name for my ebook, Art of Chart Reading
2012 Dec 12 Wed 8:45:04 | by
I have decided to use the title "Art of Chart Reading" instead of "Crash Course in Chart Reading" for my ebook in progress.
The scope of the ebook has expanded to include more fundamental concepts on charts and also advanced techniques in utilizing charts in trading.
I will update the pages to reflect this change in coming few days.
Go take a look at the new main page.
48 out of 49 economists agreed on something …
2012 Dec 11 Tue 14:13:10 | by
Bloomberg news, Fed Seen Pumping Up Assets to $4 Trillion in New Buying
48 out of 49 economists predict FOMC will …
Whatever they predicted does not matter.
What matters is that they mostly agreed with each other.
Definitely the sign of "end of the world".
ROFLMAO
Surreal Collective Intelligence Among California School Boards
2012 Dec 10 Mon 19:24:14 | by
As reported by NPR, School District Owes $1 Billion On $100 Million Loan
I am speechless when I finish reading that article.
Who gave the authority to these people to put the future of these school boards on hook for eternity?
I wonder will there be any official investigations into the matter, specifically, if the loans are made with kickbacks and backdoor deals?
Supervision failures – can we believe that?
2012 Dec 9 Sun 13:41:58 | by
CFTC came out with this press release on Goldman Sachs failed to oversight one of its traders in accumulating an $8.3 billion worth of emini S&P contracts back in late Dec 2007.
As reported in the PR, Goldman took a loss of over $118 million in unwinding the position.
The whole situation described sounds extremely unlikely because the problem happened over 7 trading days but obviously spanning across almost a month time.
We have seen in other fat finger scenarios that the problem is caught at once.
And we also learned even with boutique shop like Rochdale that a trader doing something out of line, the company would figure that out the same day.
Am familiar with the GS manual entry of positions and I thought it would have integrated that to the backend at least 10 years ago. Obviously it is a feature of the protocol and that Goldman likes the fact that it is done manually. Isn’t that the perfect tool for making excuses?
I have not found any specifics in the PR requiring Goldman to properly upgrade their computer systems to eliminate the problem. So I guess it is acceptable by the authorities for this to happen again when someone find it necessary.
I posted in my real-time chat yesterday in the morning that the sudden margin increase on Apple will force a significant amount of stocks to be liquidated and that amount can be estimated. It is not a straight forward formula. Instead we can approach …
My last piece on Apple was posted several months ago here. Several projections materialized after it was published: 1. For a potential false breakout, Apple will be capped by approx. 5% above the May high. Apple was capped there for a month before …
From Zerohedge, http://www.zerohedge.com/news/2012-12-01/hedge-fund-november-performance Many big names are not doing fine. The difficulty of finding alpha in a messed up environment … …
Many people asked about my strategy of position sizing. I know the standard techniques involve calculating the exact number of contracts based on certain threshold of your trading capital to optimize performance. Since I do not stretch my trading cap …
The project I started almost a year ago, Crash Course In Chart Reading, was never completed as my attention drifted into other projects. I have gathered my thoughts and have determined to finish what I started quickly. I have written the explanation …
| blog link partners | |
| BlogFlux.com Investing Blog Directory Blogging Fusion Blog Directory | ReadABlog.com |
