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.



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Toronto Heading Towards Megalopolis Status

2013 Mar 3 Sun 10:38:37 | by Lawrence

Later this month (March 2013) Toronto is going to add more area codes to our already confusing basket of area codes.

Last time I checked, Toronto with its surrounding area has already surpassed 5 million in population.

At this rate, it will turn into a megalopolis in several years.

Yet our city planners have no idea how to deal with the growth at all.

Major traffic problems ahead!

3 comments


Reviews Everywhere

2013 Mar 2 Sat 23:21:14 | by Lawrence

A friendly advice from my friend who happens to be an ebook retailer executive that I should post my reviews to the ebook retailer sites. I am taking his advice seriously because I know he knows his stuff well.

So I am going to copy the summary of my reviews over to Amazon and possibly to other ebook retailers too. The good thing is that I can also post review of books that are not that suitable for the daytradingbias.com website. For example, reviews on teen novels I bought my kids probably should stay with Amazon.

Should be interesting to see how people react to my reviews.

No comment yet


Site Changes

2013 Mar 2 Sat 23:09:20 | by Lawrence

Due to the way how Google search and Google plus work together,  I have to list the articles on the site in some kind of static pages so that it is easier for Google to index the pages. I still do not understand fully whatever that means though. All I know is that my web guy has to separate the research article listings from the signal pages.

Now the signal pages are listed under the signals menu and the articles are listed under the research menu. It should not be difficult to navigate at all.

Hopefully this round of changes will be the last one for at least a few months.

No comment yet


Google Plus … errrr

2013 Feb 28 Thu 13:44:39 | by Lawrence

Learned something new today.

Google would not let you "claim" your authorship to the articles you publish online unless you have setup a Google plus account and somehow linking the content to your google plus profile. If you do not claim your work they would have lower ranking in searches comparing to content that have their authors identified. As Google pretty much own the search engine space, I have no choice but to follow the standard practice.

Here I am, spending time to sign up with Google plus and linking my articles to my account.

It is going to take some time to get this done. I cannot imagine that I have written well over 300 articles already. It is pretty funny as I thought I am not the writing type.

No comment yet


Remote Access Your Trading Computer

2013 Feb 26 Tue 22:31:31 | by Lawrence

iStock_000003160253SmallFor most traders, the trading computers are likely the centre piece of their lives. After all, the trading computers are the means to our income. But the trading machine is just a dead object.

We humans are not. We cannot just glue to the computer all the time. We need activities. We need life outside of the battle stations we are so comfortable sticking to.

How do we get away from our desks?

What about going far away from our trading desk and enjoy life in another country?

Proper setup for remote access is the key.

Many Options To Remote Access

If you use Windows and have been looking for a solution to remote access, you probably know about the built-in Remote Desktop Connection (RDC) application. In fact RDC is one of the best remote access tools.

But what if you are not using Windows, or if you are using Windows 7 (or Vista, 8, whatever!) the home versions that deny you the access to RDP? Don’t worry. There are many other remote access applications to choose from.

Windows Remote Desktop Connection

If you are using Windows XP, or the more expensive versions of Windows Vista, 7, and 8, you get to use Windows Remote Desktop Connection. It is one of the most popular remote access tools, which is not something unexpected because it is built-in. It works great in general and minimal setup is required. It is also supported by many 3rd party applications, including apps on iPhone and Android devices. Hence there is no point not to try RDP first as your remote access solution.

Being the most popular remote access application also means RDC is the most targeted platform (or protocol) to hack on the internet. Every single internet connection on Earth are scanned by the hackers for remote desktop connection access. Do not take this lightly. If someone gain access to your network through your trading computer at home or at the office, many things can be compromised.

There are instructions on the Internet readily available to greatly improves your odds against hackers. First, change the default port you open for remote access to your computer. Second, limit the number of retries allowed to login to your computer. Once these 2 things are done properly, the other consideration would be having a more secure pair of user id and password. Choosing user id and password like "god" and "hello" are not secure for very obvious reasons.

TeamViewer

TeamViewer is not really a home use application. It is an application designed for tech support departments to solve client problems remotely. It works by installing a basic host (or the full version) application on the target computer you are going to remote access to and then using the unique id generated from the target computer to establish connection. It may sound complicated but in reality it is very easy to use as it is one of the most popular tech support platforms of all time.

For tech support people, they would take over the clients’ computers and make remote changes to the computers while the clients are watching. In the case of accessing your own computer, you would simply connect to your computer and take over the access remotely. It has more options and features comparing to Windows Remote Desktop. The best thing I like about TeamViewer is that it is more compatible than RDC, meaning that it many more applications (usually those graphic intensive one) can be accessed remotely through TeamViewer without problems.

TeamViewer is free to use for those only using it for their personal use. If you are going to use it on a production level, consider paying for a license. It is well worth it.

Many Other Choices

Both RDC and TeamViewer are applications belonging to the Virtual Network Computing category. There are many other VNC applications that works very well too. Here are 2 more:

TightVNC is a free VNC platform for Windows. On older computers, it is very difficult to get Windows RDC or TeamViewer to work without slowing the computer to a crawl. TightVNC really shines when working with barebone computers having minimal resources.

RealVNC is a cross-platform remote access solution. For example, you can remote control your Windows desktop computer from your phone or even a Mac. It is free to use if you do not need the extra features but it is very limited in terms of features and security protection on your desktop computer. The basic personal license enables the security feature which in my opinion is essential if you are using remote access all the time.

Bandwidth Issue

Using remote access put a lot of stress on the internet service you have for your desktop computer. Most low end high-speed internet services offered in North America, be that DSL or cable, have 1M bps or less uplink capability, even though the downlink speed can be very good.

Downlink speed is the speed of which you have access to the data coming from the internet.

Uplink speed is the maximum speed that your computer can use to send data to the internet.

When you enable remote access on your trading computer, you are going to make your computer using the uplink capability of your internet service heavily. The 1M bps limitation may cause frequent disconnect and give you less than desirable experience. If you can find an ISP in your area providing 3M bps uplink at reasonable price, it will resolve most of the issues related to uplink bottleneck problem.

If you cannot get a faster uplink speed, then you have to learn to set the options in your remote access platform smartly. For example, RDC has options to reduce the bandwidth requirement by sacrificing the visual effects and color depth settings. Learning about your remote desktop application and experiment with various settings to get the best results is time well spent.

Your Input

If you use VNC app yourself and that I have not mention your favourite platform, post its name below so that other members can learn about them too!

2 comments


2013 Feb 25
Social Trading: Hot Alternative Trading Style

Social trading is the new hot trend in retail trading that can only happen in dreams before the Internet. As oppose to just following the advice of market gurus or newsletters, people are taking this to the next level. Let’s take a look at the idea i …

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2013 Feb 24
Changes to the discussion area

I have modified the forums to have bigger font size overall so that it is easier for the eyes. Also changes the color scheme to something brighter. Should help making it easier to read the posts. Let me know if there are other changes you like to s …

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2013 Feb 24
WTF With Moody and The Problem With Forex Stop Orders

Last Friday Moody downgraded Cable after US stock market closed which led to a melt down within minutes. Making the situation worse, it was the last hour of the week that many traders like me always close their positions during this last hour. One ha …

2 comments


2013 Feb 21
Difficulties In Learning To Trade Can Be Caused By The Language You Speak

Ted Talk by Keith Chen, Could your language affect your ability to save money? Very interesting talk with strong statistics supporting the concept. Personally I have experience teaching / coaching traders where it was next to impossible to hammer …

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2013 Feb 20
Gold at Critical Price Level

Gold 8 hour chart below. At quarterly 50% expansion target, also lined up with monthly. For gold to stay bullish for the coming months, it is important that it stage a fight at this price level. …

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