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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.

Schedule – Regular blog post every Friday with occasional additional posts when I feel like ranting.

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

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Toronto International Film Festival

2012 Sep 11 Tue 12:10:58 | by Lawrence

This week is a very busy week for Toronto. Streets jam packed with people for celebrity sightings with 300 movies to choose from. For those of you interested in joining the parties here, this is the official website with schedule and programme information.

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First casualty after move – Ouch!

2012 Sep 8 Sat 14:03:42 | by Lawrence

We were expecting something like this would happen but all equipments were running smoothing right after our move to the current location. Thought that lady luck is giving us a break. When everyone has gone back to our normal routines, surprise! One of our switches that drive the subnet for uploading the premium reports is fried. It’s been doing its job for 5 years trouble free. May it rest in peace. My tech has installed a new switch and is testing it now. Should have all premium reports ready later this afternoon. Sorry for the inconvenience.

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Old Habit Is Very Hard To Break

2012 Sep 6 Thu 13:19:34 | by Lawrence

Did it again. I promised myself not to pull anymore all nighters yet I did it again.

My research clearly told me that the advantage of riding trades from the evening to next morning after 9 am is no different from riding the same move from 7 am. Yet, the fear of not getting a part of this upside breakout still lured me to violate my own trading plan. I have  anticipated this move since the weekend … I am psych up to the point that I have to see it thru.

I am now facing the consequence – on my face that the statistics is telling the truth (again) and I am dead tired making it difficult to concentrate for the rest of the day.

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FAQ About Lawrence Chan

2010 Nov 16 Tue 11:25:24 | by Lawrence

I received many questions asking about me. I guess I will simply centralize that right here.

For some personal questions, however, I think it is best that I leave them unanswered.

If I receive more questions in the future, I will simply add them here.

 

Are you a daytrader?

Yes for index futures.

No for currencies and other commodities.

Do you trade full time?

I do spend a significant amount of time to daytrade. Most of the time just the morning session of RTH in North America. If the lunch hours developed into something with predictable bias, then I would trade the last 2 hours into the RTH close too. The amount of time spent is the same as any professional traders who choose to limit their trading time to specific trading hours. In this sense, I am a full time trader.

I do have a full time job as a software designer and I get to use the software I help created (NeoTicker) everyday in trading and research. I have responsibilities with this job and that it occupies most of my time outside of trading.

Thus I have 2 full time jobs as oppose to just one.

In the sense that I do not glue myself to the screen whole day, I am not a full time trader. Instead you can call me a trading enthusiast.

Update: I no longer work with TickQuest on the NeoTicker platform

What do you trade mostly?

E-mini S&P, E-mini Nasdaq 100, Forex

Used to trade exclusively e-minis for several years.

Now moving more capital towards trading forex.

What kind of charts do you use?

Intraday reference 1-minute.

Highspeed entry 1-sec based 89 ticks for index futures.

Analysis 130-min for indices, hourly, 4 hours for forex, daily, etc.

What indicators do you use?

Custom tick indices for index future trading.

Custom breadth / time cycle on forex trading.

STOPD for price levels and projections.

Which indicator works best for you?

If I cannot use my custom tick indices or breadth indicators, say, when I do not have access to my computers, then VWAP is my friend when I have to check out a chart on someone else’s computer.

Do you trade mechanically?

No for daytrading.

Yes for some swing trades that last for several days.

Which brokerage are you using?

This question is a sensitive one because TickQuest works with many brokerages and maintain connectivity between NeoTicker and all those brokerages. Telling which brokerage I use will be like playing favouritism.

So the official statement is that I have many brokerage accounts and that I use them for different purposes.

Why do you create this site, selling ebooks, etc.?

The main reason for creating this site is that I would like to tell the world, especially the retail traders/investors, that price movements in financial instruments are not random and that I successfully identified the cause of such predictable behaviour in price movements.

Obviously I am proud of my achievement. Just like any other researchers, at some point in time, we will have to publish our work so that we can leave a mark.

Another reason is that I used to post in various trading journals and forums (I still do) discussing trading setups, etc. Since I do my routine analysis daily and that I do jot down notes in real-time, I may as well just post them here as an open journal so that I have a good record of my thoughts and that other traders can join me to discuss the markets.

 

Avatar vs. Real Photo and Other Amusing Questions

 

Update Log

Nov 16, 2010 – first release

May 2013 – modified to reflect the change in relationship with TickQuest and NeoTicker July 2015 – added link to blog post

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