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.



 Prev 1 2 3 4 5 6 7 8 9 10 11 12 13 Next

Site Maintenance Over The Weekend

2014 Feb 14 Fri 21:04:59 | by Lawrence

We will conduct site-wide maintenance over this holiday weekend.

Site will be up as a whole with individual section closed for short period of time.

Sorry for any inconvenience.

No comment yet


WTF Chart of the Day: Nasdaq 100 Back In Year 2000

2014 Feb 13 Thu 21:14:44 | by Lawrence

This is another way to look at year 2000, from the Nasdaq 100 index future perspective.

Following chart is Emini S&P and Emini Nasdaq 100 back in year 2000 from January to March.

image

People mistaken that I am a bear.

From the chart above that zoomed out quite a bit from the last one you can tell that I am really a hidden bull at least until sometime in March.

Now the more interesting thing is the dynamics between S&P 500 and Nasdaq 100.

Why I was not surprised today when NQ was making new high?

Take a look at the 30-min zoom in you will find the answer.

image

If it is going to be like year 2000, this coming 4 weeks will be very difficult to trade when S&P and Nasdaq 100 decouple from each other.

Be warned.

One comment


Real-Time Trading Tools Development Update

2014 Feb 13 Thu 20:19:11 | by Lawrence

I am glad to report that my decision to switch to this real-time messaging service backend is one of the best moves I have made this year.

The stability and scalability is amazing. We’ve done stress test on real-time delivery by bursting many messages through and there was no delay whatsoever. This allows me much greater flexibility in terms what can be done with the real-time tools and how to get them implemented.

I am now making drastic changes to my original design of the real-time price level tools and also the upcoming real-time bias reporting tool. If all goes well, we will have a new alpha version of real-time price levels ready next week. The most obvious thing is that it will be able to host many more price levels per update.

We are also moving forward with my changed design on the real-time bias reporting tool. We’ve lost 2 weeks due to the backend issues but we’ve gained significant design flexibility in return. I cannot really complain about that.

If all goes well, real-time bias reporting will go alpha soon too.

One comment


How To Fix The Windows Double Click Mess

2014 Feb 12 Wed 21:34:42 | by Lawrence

imageMany people experienced this before. You left-click once but Windows turns that into a double-click. Once you start experiencing the problem there is really no solution. For most people it is just frustrations and be careful with your clicks so that you do not do something irreversible. For traders, however, this problem easily leads to disastrous outcome.

The Symptoms

At times a single click would turn into a double click or triple click.

Sometimes, even if you have not clicked, the computer responses as if you have clicked something.

There is no consistency with the symptoms. These problems can happen once every 3 to 4 clicks. Then disappear for hours before they strike you again every other click.

The Cause

The most common cause is normal wear and tear of the mouse button. Many mouse buttons are standard micro switch boxes with limited life span. For the very cheap ones with just 1 million clicks life expectancy, they will fail quickly after a year or two normal computer usage. As you can expect, these cheaper components are used in the extremely cheap mouse.

If you are a heavy clicker, the mouse buttons will have reduced life time. If you play action games and shooting games, you should realize that you click a lot and that will shorten the life span of the mouse button. If you get angry at times and hammer your mouse as part of your stress relief routine, your mouse can also die suddenly.

More expensive computer mouses (I do not know if I should write “mice” here) do not necessary translate to longer life span. It all depends on the manufacturer and its decision on component qualities. For example, an expensive mouse can be costly because it sports a fancy shape with vibrant colors which has nothing to do with the quality of the mouse buttons.

Once a mouse button is no longer in its prime condition, your mouse clicks no longer send clean cut on or off signal to the computer. Instead, it works like the old light bulbs that flickers. Since the hardware cannot distinguish the difference, it will let the computer know that there are many clicks just happened even though you think you pressed the mouse button once.

What You Do Not Want To Happen

If you day trade heavily and you use various order entry software, you know about 1-click order entry, 2-click modification, etc. You use them heavily during the day to manage your orders. They are necessary.

Make no mistake, a broken mouse button is one of your biggest enemies.

The last thing you need from your computer, in this particular case your mouse, to place orders for you.

The moment a mouse stopped working properly, it will be very difficult to correct the wrongly placed orders. As you try to resolve the problem, the mouse can continue to mess with your effort to fix the problem.

It is not something we would ever want to experience.

Solution 1: Buy A New Mouse

To solve the problem you have to buy a new mouse. This is the best solution as you can rule out the hardware issue.

For traders I suggest that you keep an extra mouse around just in case the one you use acting up suddenly.

All you need to do is buy a mouse, test it to make sure it works and keep it in the go-to place you have designated for the unlucky computer days.

Solution 2: Use This Software Until You Buy A New Mouse

In case you do not have a spare mouse around, you can use this software I listed in the resource area below as a stop gap solution. It works to certain degree but it does not resolve the problem completely. If your mouse really acting up badly, you probably have no choice but to give this a try.

Warning: I tested the software myself and I always check for virus before I launch any applications. If you choose to install the software, remember to scan it for virus first.

Some Brands Are Better Than The Others

One interesting thing I learned is that some mouse like the straight forward wired ones coming from brand names (e.g. Logitech) do last longer than the cheap generic ones. The more important thing though, is that many people reported that these brand name mouse do not experience the wrong click issue at all even after using them for many years.

Maybe these brand name manufacturers have done a better job with the mouse driver they have created which account for the noisy signals.

Maybe it is just because of better components and designs.

Resources

Left Mouse Button Fix

Microsoft Troubleshoot Mouse Double-Clicking When You Single-Click

3 comments


WTF Chart of the Day: What Can We Learn From Y2K

2014 Feb 11 Tue 15:43:43 | by Lawrence

I posted the Y2K analog back in January and the striking resemblance keeps giving.

Let’s take a look at an update of this comparison of year 2000 and what happened so far this year.

No comment necessary.

Year 2000:

image

Today Feb 11, 2014:

image

2 comments


2014 Feb 10
Van Tharp: Money Management with R Multiples

If you have not read Van Tharp’s book Trade Your Way To Financial Freedom (review here), this video is pretty much the heart of his book and the main theme of his teachings. …

No comment yet


2014 Feb 10
Testing Of New Real-Time Messaging Engine By Feb 10, 2014 Late Evening

Our testing of the alternative real-time messaging backend did not went well over the weekend. So more testing necessary tonight after markets closed. My guess is that we will be working on that after 7pm Eastern Time. Only the real-time chat room …

One comment


2014 Feb 10
FXCM Moving Towards Smaller Pip Size On Stock, Index and Some Commodity CFDs

It is great news that FXCM is going to offer reduce pip size as of Feb 28th, 2014! Starting Feb 28th, the per pip profit/loss will be reduced to 1/10th of the size before. It can enable much more efficient position sizing for smaller accounts. Trade …

2 comments


2014 Feb 9
Historical Data Bank More Data And Revision

Short announcement on Historical Data Bank. More Data 2nd set of custom market breadth data are now added to the Historical Data Bank. This new set of data includes custom breadth data for Dow 30, SPX 500, and NDX 100: TICK1K Index New High …

No comment yet


2014 Feb 7
Daily Market Breadth Monitor For US Indices Released

The daily updated custom market breadth report is now ready. In this first release, the following reports are ready: 1. market breadth summary in table format for Dow 30, S&P 100, S&P 500 and NDX 100 2. daily charts of the US indices and t …

No comment yet



 Prev 1 2 3 4 5 6 7 8 9 10 11 12 13 Next

blog link partners
BlogFlux.com
Investing Blog Directory

Blogging Fusion
Blog Directory
ReadABlog.com