Aloysius Chan's Blog

If you eat a live frog in the morning, you will go through the rest of the day without problem knowning you have already done the most difficult task. If you have to eat 2 frogs, eat the ugliest one first. Set the table Clarity, purpose. Decide on what you want. Don't do things that need not be done. Plan everyday in advance. Eat an elephant with one bite at a time. 6 P formula: Proper Prior Planning Prevents Poor Performance. Have a master, monthly, weekly and daily list. 10/90 rule: if you plan with 10% of your time, you will save 90% of the wrongs. Apply the 80/20 rule to everything. There will be tasks that rewards more than the rest. Consider the consequences. Future orientation of 5, 10, 20 years. What is the consequence of doing and not doing a task. Law of forced efficiency: you don't have time to do every tasks but the most important ones. Practice creative procrastination. Procrastinate on your smaller tasks. Use ABCDE method continually. A = must, B = should, C = nic...

If you really want to know your mind, the body will always give you a truthful reflection, so look at the emotion, or rather feel it in your body. Emotional pain is caused by the sense of lack or imcompleteness. 'Now' is the key to spiritual dimension. Ordinary unconsciousness (drunk to number) vs. deep unconsciousness (acute unhappinesss). Resist! "What is going on with me now?" What do you resent? Do you have a choice? Be fully present and state of alertness. Parable of Jesus on waiting for your master. The enigmatic connection between your Chi and the universe. Total surrender > resistance from suffering. It means total acceptance. Do not find something that was not lost in the first place, find yourself and you will see. E.g. God. Forgiveness can only be true if 'now' instead of the past is invoked.

Scientified trading flowchart Observe data Form a testable hypothesis Make predictions based on the hypothesis Compare observed results with predicted results Correct (yes 6, no 2) Report Trading system development Idea What to trade / how to trade Data Model rules and logic Backtest Promising (yes - 7, no - 4) Validation Pass (yes - 9, no - 4) Best estimate Risk Position size Profit potential Worth trading (yes 14, no - 7) Trade (9) Trading development system Selecting issues to trade Selecting the auxiliary data Processing of price and volume data Calculating indicators Establishing for profitable patterns Generating trades Computing metrics for measuring success Creating many alternative models, searching for the best model Testing to validate the pattern recognition Establishing a baseline with which to compare future performance Trading management system Monitoring the health of the system being traded Estimating risk Determining maximum safe position size Estimating profit potent...