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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Interesting Concept On Trader Training
2014 Dec 23 Tue 11:23:04 | by
I have all these extra time lately that I get to spend on thinking over things I have done over the past few years. As I write down my thoughts and reflections I notice something very interesting emerged. It seems to me that although I try not to be a teacher, trainer or coach in trading, somehow I am doing that indirectly. And the results are remarkable since I have received many emails from my members that I changed their lives for the better as they can now trade better, with less stress and more profit.
This makes me thinking with many questions:
1. Should training traders be the focus of my website going forward?
2. What have I done correctly on the site that positively impact these traders?
3. Why the specific combination of things offered on the website has such an impact on these traders?
4. Most important of all, why it works while other approaches failed?
I am gathering the facts and reviewing my notes at this time. A proper summary will be posted.
Trading Records from Year 2000
2014 Dec 20 Sat 11:27:29 | by
I am going through old stuff to destroy and found boxes of trading records.
This is just 1 out of 3 boxes from year 2000.
I guess I just find myself an interesting side project to do – search and destroy!
Comparing all these paper work against the electronic records nowadays, I say I like the modern way much better.
As a minimum, I do not have to keep physical records like those in the photo for at least 6 years (Canadian legal requirement).
Musing About Discount on Trading Courses
2014 Dec 16 Tue 19:50:40 | by
We all know that consumer products and services are sold mostly during the end of the year. All kinds of discount and specials going wild attracting you, the consumer, to spend money on them. Many trading related products and services follow this trend and offer discounts to their clients during this time.
I can tell you, with very high confidence, this year-end discount strategy does not work with anything that are related to career change and learning new things that improve a person’s income potential.
Here is the chart I posted last year in November on people’s cyclical behaviour on job seeking:
In short, job seeking is put on hold during the 2nd half of the year and keep declining into year end all the time.
People put the thoughts of starting over on-hold during the holiday season. The tradition dictates how people behave and in turn affects the economy in a subtle way. Any training related products and services should offer discount right after New Year when people are actively seeking change.
I think I am a better forecaster than those economists who secretly use the Excel linear regression to project the future economic data results. At least what I observe has practical value.
Avatar vs. Real Photo and Other Amusing Questions
2014 Dec 16 Tue 6:50:54 | by
Some readers asked about my avatar. Why choose an avatar over real photo? Does it really look like you? Do you really have moustache? They are good questions although not really trading related. I will answer them all here.
Avatar vs. Real Photo
Unlike a personal website, my readership has a large following everywhere. Similar to these Japanese traders, I choose anonymity for that little bit of extra freedom. I do agree with some readers though, that the avatar is not that pretty and an upgrade is a good idea.
Avatar vs. Real Person
It is a cartoon version of me, so yeah it looks like me.
I know, not that many Chinese people have moustache but I do. There is a story behind my moustache though.
Many years ago when I was running my trading business I need to hire several people to work for me but I do not look the part as a boss. Thanks to my youthful appearance it was difficult to hire more matured employees.
The solution was quite simple. By keeping moustache, the problem simply disappeared. And I have kept my moustache since.
Now, as a middle-age man, I learned to appreciate my youthful look. Perspective is an interesting thing.
2014 Dec 11 Thu 22:13:03 | by
Playing catch up is more difficult than I expected as the pile of things to get done has been making new high with the market over the past 2 weeks. Luckily, similar to the stock market, when it crumbles, the pile also disappear pretty quickly.
Originally I planned to introduce the various systems related to the gap framework in a continuous series. Obviously, if I do so the others things I like to get done for the site will be delayed. Unlike the congress which has no plan B tonight for their budget vote, I do have a backup plan.
My backup plan is to clear out anything that is partially done but can be finished up quickly. That’s why there are multiple posts, updates to the site and announcements all pushed out today. Sometimes it is necessary to play fast and furious.
Feels good to see the list of things to get done shortened quite a bit.
My marketing guru asked me to change my LinkedIn to something more human friendly and catchy … After many unsuccessful combinations of my first and last name, I came up with this one and it works! So here it is, my bold new LinkedIn handle, http …
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Thank you everyone for sending in your kind words during our time of loss. I may have missed some of the emails this week due to not being able to clean the inbox on time. Sorry if I have not replied to your messages. This week I am still bounded w …
My SO has passed away. I need to take care of family matters this week. Please direct all questions related to DaytradingBias.com to email@example.com. Someone will assist you. …
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