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Stress-Free Trader (The Lawrence Chan Blog)


Full time index & forex trader, occasional consultant to hedge funds / institutions, my work leads to my not so normal view of the financial markets. My blog mostly talks about trading, market behaviours and other musings.

Originally this blog is supposed to be organized in a separate website like what most authors do but I don’t think I will maintain it properly that way. So here it is as part of this website.

In case you are curious of what I do outside of blogging here:

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Basil Flowers

2015 Mar 30 Mon 14:32:19 | by Lawrence

I was not a person by any measure having green thumb. However, I was left with the responsibility to take care of a number of plants. Yet I have no idea what I was doing several months ago. All I thought is that if I keep watering them, they will be fine. Of course, it does not work that way at all.

Spring has arrived and the basil in my place has grown flowers. I did not notice the flowers until this morning. Solid proof I am still an idiot with plants.

image

One comment


Paul Tudor Jones and Just Capital

2015 Mar 19 Thu 15:31:27 | by Lawrence

Paul Tudor Jones made a presentation at TED2015 on the concept of justness and the necessity to expand the definition of capitalism.

Here is the blog entry from Ted talking about his presentation,

http://blog.ted.com/justice-capitalism-and-progress-paul-tudor-jones-ii-at-ted2015/

Very interesting concept and I look forward to watch the presentation when it becomes available.

No comment yet


The Cardinal Climax: My Personal Account Of Its Impacts

2015 Mar 14 Sat 9:10:06 | by Lawrence

Cardinal Climax is a term coined by astrologists when Jupiter, Saturn, Uranus and Pluto pretty much forming a big square in the sky at specific positions during the past 7 to 8 years for which it will officially end by this coming week. From my way of describing the cardinal climax, it is obvious that I am not a fan of astrology. It was, however, brought to my attention by a family friend whom insisted I read about it. Here is my personal account of events vs. the symbolization of the astrological configuration in the sky.

At the start of the Cardinal Climax, that was in fact the time my girlfriend’s health turning very bad and she was pretty much giving up hope. I have to give up my software business, halt all trading and focus on taking care of her. Somehow my birthdate falls into one of those prescribed by astrologers as deeply affected by the astrological event. And the implication of drastic change in one’s direction of life did happened to me and my girlfriend.

And then some of the key changing periods mentioned by the astrologers during this time also matches episodes of emergency room visits and complex surgeries. Of which, during this time period, I get to sit down and summarize my understanding of the markets. New ideas on trading technologies emerged as I crossed my field of specialization into learning as much as I can on medical science during this time. This conceptual breakthrough in my mind fulfills another implication by the astrological event.

My girlfriend passed away late last year. As I am going through this mourning period, my understanding of the market internals has deepen yet into a whole new level. It is as if I am transformed into a different person as this Cardinal Climax is coming to its conclusion. This is also part of the implications of the astrological event that those deeply affected will become very different.

Could this be coincidence or the planets really have a say in our lives?

I don’t know. I guess everyone has to decide for themselves in what they would believe in. I am just providing an account of my drastic life experience here.

Personally, I will not start to believe in astrology. Being a day trader, we have to depend our decision making on evidence and their known short term impacts. If I change my belief system, it will affect my ability to react correctly.

On the other hand, if this astrological event did impact my life, I am glad that this damn Cardinal Climax is finally over.

No comment yet


Ambiguous Net Identity

2015 Mar 9 Mon 9:21:50 | by Lawrence

Having my site reviewed by experts resulted in a very interesting conversation last Friday.

DaytradingBias.com has an ambiguous net identity … the word stuck in my head since.

Ambiguous because most people use the internet for leisure and the remaining 10 to 20 percent are looking for answers so that they can save time and money. And here comes the problem. Daytradingbias.com has so many things in it people are often confused that it is a financial portal instead of a trading educational site or trading service site.

When people cannot find what they want on the home page, they browse around a bit and leave which defeated the whole idea of helping these people to trade better.

Is there a solution to this? I don’t know yet but I am told some drastic changes has to be done to make the site more focus on my target audience.

Learning something new again.

4 comments


The Next Phase of Daily Market Breadth Monitor

2015 Feb 26 Thu 18:26:17 | by Lawrence

The server side changes I talked about last time has resolved the main problem affecting our daily report generation. From here is onward we have to fix the individual symbols having update issues and the new design will be complete. The side effect of solving this main problem is enabling us to update the charts in daily market breadth monitor consistently without the prior problems. Talking about killing two birds with one stone!

Note: No birds are hurt during our server update.

Now that this long standing issue is out of the way, I can finally take it to the next phase – the short term forecasting of market risk based on market breadth signatures on the current market environment.

This project was put on hold and stuck at the initial stage for a long time. Now that I am freeing up my time, it is a good time to push the development forward.

My vision for this next stage is allowing normal people interested in the stock market to be aware of the potential market risk in near term so that they can make informed decision when they are thinking of engaging the market. Think of it as a weather forecast system for the stock market you will get what I am trying to accomplish.

One comment


2015 Feb 20
Server Side Issue Turned Out To Be Design Issue

Thanks to Arthur, the poor guy who has to fix the daily report update whenever it is not working, took the time to track down the problem. He finally figured out the obscure reason that caused the random problem of reports not uploaded. It turned out …

No comment yet


2015 Feb 7
Not A Clue On Video Capturing

I have been trying to setup a computer for video capturing through a trading session for several days now. It turned out to be something more complicated than I thought if I like it done in certain ways (like capturing a pair of screens separately, …

No comment yet


2015 Feb 5
More Thoughts On Coaching and Mentoring Service

Thank you everyone for contacting me about my coaching and mentoring service for traders. The best word I can use to describe the response is overwhelming. At this point there is a waiting list for couple of months with others booking well into the f …

No comment yet


2015 Feb 2
The Benefit of US Dollar Rally

US Dollar made a move against Canadian Dollar (Loonie) last week. Loonie forced to test its highest level over past 10 years. To put it in perspective, we are talking about a whopping 10% jump since the end of December and a enormous increase of 20% …

2 comments


2015 Jan 20
Next Phase In Life

Ever since I started trading as a teen and then on the floor of Toronto Stock Exchange, a parallel career as a consultant on trading related matters silently developed over the years. It all started out from helping the older traders to setup their c …

2 comments


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