"Trading Career" Posts
From Flying Fighter Jet to Trading as Life Long Career
By Lawrence
I have been exchanging email with Ron, an old friend from Netherland, lately and here is a short story of his path to establish his trading career. Ron was part of the Dutch Air Force. Since then his career had been revolving around airplanes until he tried his hands on silver and gold contracts. That […]
Relative Efficiency of Return on Investment with Trading Comparing to Other Businesses
By Lawrence
I wrote in my blog two weeks ago about trading income which somehow generated quite a number of emails asking for clarifications of what I mean. So here it is again on the same topic with examples to illustrate the point. This should allow people who is interested in starting their own businesses or in […]
Looking at Trading Income from an Entrepreneur’s Point of View
By Lawrence
Most people who are not interested in trading (or day trading) think of it as some kind of gambling. Many who work in the financial industry worship traders as some of them legendarily making millions every year. Yet, some others who are more familiar with the trading world know that majority of traders, especially retail […]
Managing Oneself
By Lawrence
I received quite a number of emails lately from young adults, who are aspiring in becoming professional traders, seeking for advice. Most of them are looking for pointers on what books to read, what courses to take and what trading related knowledge they have to acquire. I asked quite a number of questions about themselves […]
Finding the One Thing I am Best at
By Lawrence
Mid-year is often the time of the year that I slow down my pace with work. It makes sense for me because trading volume is greatly reduced during the summer months. My trading strategies work best when the trading environment has more types of participants in the game. Hence, I know I have to be […]
End of Canadian Tax Season and Trading Income
By Lawrence
This year Canada Revenue Agency (CRA) has set the deadline for tax return filing on May 2nd instead of the normal deadline on April 30th. The extension is given because April 30th is a Saturday this year. Many Canadians are now making their final effort to complete their tax returns this weekend to avoid penalties. […]
Hardware Mode Over and Impact of Extreme Intraday Volatility
By Lawrence
Two long weeks into setting up new hardware for the website and up coming real-time services, we have finally getting the hardware part of the equation done. Fine-tuning how to best utilize new hardware is always a tedious task. We can only guess what is needed and at the end of the day the actual […]
Trading on the Road and Remote Access Security Issues
By Lawrence
Taking a break this week gives me precious time to figure out something useful for my trading in the long run. I was stuck with the problem of remote access to my main trading computers and home servers for a long time. This week I figured out what to do and am happy that I […]
Adam Carroll: When Money Isn’t Real, The $10000 Experiment
By Lawrence
This is a good video that can help explaining why transition from sim trading to trading with real money takes some planning and efforts to smooth out the process. My advice – treat sim trading as seriously as you can similar to what pilots do while in training with their flight simulators. This will make […]
Debra Searle: Choose Your Attitude
By Lawrence
Ms. Searle’s moving video tells us her story of courage and ability to cope with adverse scenarios. What she suggests in the video in dealing with life difficulties is equally applicable to trading. Many traders are aware of the importance of their psychological well being but few are aware of their attitudes can negatively impact […]
