Lawrence Chan's Blog, page 29
April 3, 2020
TLC Weekly Update April 3, 2020
Another week of roller coaster ride with the stock markets worldwide. When I told the premium members that I expected after end of March S&P would collapse back down to around 2400, many were in disbelieve. Well, S&P tanked hard down to near 2400 on Wednesday. The timing sounds amazing but in fact it is …
March 27, 2020
TLC Weekly Update March 27, 2020
Another week of lockdown here in Toronto. Retail stores like Home Depot here are now restricting the number of customers allowed in the store to enforce the social distancing rule. Majority of the restaurants are closed and just a few out there, including McDonald’s of course, are open for take-out and delivery. People still go …
March 20, 2020
TLC Weekly Update March 20, 2020
Another week of extreme market conditions with the world under siege by the pandemic, when will things getting back to normal? I was out doing some banking. Yes, there are still things that has to be done at a branch. The bank staff are all wearing masks with signs telling us to stay at least …
March 13, 2020
TLC Weekly Update March 13, 2020
People everywhere I bump into asked if I am doing alright when the stock markets worldwide falling apart. Obviously they are not traders. And depending on their tone,I can tell some of them have this schadenfreude high. Schadenfreude means pleasure derived from another person’s misfortune. I think you get the point. There are always people …
March 8, 2020
Mercury Retrograde: Blessing in Disguise
Everyone talks about Mercury retrograde as if it is a time of trouble. This year (2020) Mercury retrograde from February 16 to March 9, then in June 18 to July 12 and once more in October 13 to November 3. We are about to see the end of the first retrograde period. Let’s sum up …
March 6, 2020
TLC Weekly Update March 6, 2020
I spent significantly more time with the market this week due to the wild moves all week. My automated trading models all have built-in filter to avoid trading in such high volatility environment so nothing much happened there. Engage in manual trading was fun riding all these 50 to 100 points moves. I came across …
February 28, 2020
TLC Weekly Update February 28, 2020
I saw so many articles and news media quoting brokers that “they have never seen anything like that”, referring to the 500 points drop in Dow over last 45 minutes trading on Thursday. That is just absurd. I remember that it was no big deal back in 2008-2009. It was also nothing comparing to year …
February 21, 2020
TLC Weekly Update February 21, 2020
Took me long enough to gather the daily trading records on the reference account to produce the updated monthly performance on Big-Game Hunter ES. Some people messaged me that I must be afraid of disclosing the losses. Some even think that the model must have lost everything. Well, BGH has been doing fine. I do …
February 15, 2020
My Journey to Fully Automate My Trading: How Did It All Begin
In this internet age, people always question the authority of anyone who tries to make a point. That’s especially true when the point of view one has is completely different from what the mainstream beliefs are. Since my beliefs are at odds with the mainstream trading education community, I guess it is time to set …
Continue reading "My Journey to Fully Automate My Trading: How Did It All Begin"
February 14, 2020
TLC Weekly Update February 14, 2020
I am busy working with my team to port the trading strategies from my training courses to support NinjaTrader. To my horror, we’ve found significant discrepancies among the data which in turn making the performance results not consistent. I will write more about this on DaytradingBias after we have completed our investigation. I did not …
