The Lawrence Chan Blog

I have a long list of questions and requests that are specifically about Emini day trading. Many of them are very much recurring questions like “I am interested in day trading. What is this Emini you are talking about? Please tell me more about it.” It is quite difficult to keep up with all the questions so I promised to write about them.

So far I have written a few articles on the subject covering the general questions people have in mind:

Is day trading Emini better than day trading stocks?

How much money is needed to day trading Emini?

Is day trading income sufficient for someone with not much capital?

How do I get started day trading Emini?

All these questions have answers on the net already. I guess my readers just like to get the answers from me to reassure them that what they have gathered elsewhere is true. I am very flattered that my readers have put so much trust in my opinions. It feels heavy too because putting out the answers to these questions means they will be depended upon for the beginners in making their decisions in giving day trading a try.

I did my best to provide the most thorough answers I can come up with. It is definitely better than answering these questions individually which often ended without the more in-depth discussion of these subjects.

Since I have now answered the general questions about Emini trading, it is time to deal with the specific technical questions raised all the time. These articles are actually easier to write because I have answered many of them in real-time commentaries. All I have to do is gather the information and expand the answers.

I am sure these tips and tricks on emini trading will be very useful for many traders.

If you want to remind me to write about certain things on Emini, comment here or email me.

2 comments

To answer the requests for daily cheatsheets on crude oil and other markets, I need more input from those who are interested in them.

The main issue with crude is that the front month / most active contract do not always stay the same from year to year. It is the very natural of commodities that have strong seasonal effects. It is very often that people are trading both contracts at the same time (i.e. spreads). That means I need some time to think of a way to produce a version of the daily cheatsheet to handle the commodity markets properly.

There should also be specific tools made for these markets too because there are unique trading opportunities related to them that are not available in the index markets.

Input on this idea will help me sort out what is more important and what is not.

Thanks!

6 comments

Since I posted my requests for testimonials, I have received many testimonials through email from our members.

Many thanks for all your kind words, praises and encouragements.

I have taken notes on your special requests too. I will be addressing them each separately in coming weeks.

For those who like to send in their testimonials, you are always welcome to do so by sending them to me at lawrence@daytradingbias.com

No comment yet

One of my readers forwarded a discussion of Special Theory of Price Discovery (STOPD) in a private trading forum to me.

It is interesting that none of them have actually read the book and all comments are speculations of what STOPD actually is. I am quite shock that comparisons were made to Fibonacci support resistance levels, Elliott Waves, etc.

As the author / researcher who discovered STOPD, it is pretty disappointing to see STOPD is compared to those trading methods.

As a trader, however, it feels funny and even joyful knowing that the ignorance among majority of the traders continue to stay strong.

The conflict of interest in me is beyond description.

One comment

A 6.0 earthquake hit San Francisco earlier this morning.

http://www.reuters.com/article/2014/08/24/us-usaearthquake-idUSKBN0GO0A520140824

As I posted last year about sunspot and earthquake, the number of earthquakes and magnitude of them is expected to rise.

So far, the uptick in number of earthquakes greater than magnitude of 5.0 is the longest chain in recorded history.

Historically, as long as there is no earthquake of magnitude greater than 5.0 happening within a 2 weeks window, the chain would be broken and overall seismic activities will die down. However, since end of last year, there has been a continuous chain of earthquakes. Not something good to see for anyone living in the Ring of Fire region or any other earthquake-bound zone.

3 comments