第二波经济冲击 近三亿农民工如何承受？
在这波全球减单效应的冲击下，中国工厂的生存方法有几种：裁员、减薪、休无薪假、或是五天8小时制（即不让工人加班）。
Here is the article.
英国《金融时报》报导，iPhone最大组装厂富士康也正在减少产能，且已暂停招聘工人, 鼓励员工多休假，甚至祭出裁员的措施。报导称，自4月10日起，富士康工厂内不再加班。
"不加班对农民工收入的影响非常大，基本月收入可能只剩下两千多人民币。"
在这种情况下，很多人选择离职。
农民工群体，在中国有超过2.91亿人。
瑞银集团在四月发布的报告曾预估，中国正在面临二十多年来最糟糕的就业市场。至今年三月末，中国的服务、制造和建筑业中约失去了八千万个工作岗位。
《经济学人》智库分析认为，2020年中国有2.5亿工人将面临收入减少10％至50％。
中国券商中泰证券上周的报告则推估，中国失业率为20.5％，约有新增七千万人失业，这个数字是中国官方数字的三倍以上。
中国的失业率官方数据是，一月5.3%，二月6.2%，三月5.9%。
在中国的定义里，农民只要活着，就算在就业人口里，他们自然被遗漏在失业数据里头。而这些无工可打、流离返家的失业农民，中国官方还正在推广一个好听的名字：返乡创业。
Saturday, May 2, 2020
ex Goldman Sachs Trader Tells Truth about Trading - Part 1
Here is the link.
On February 7th 2013, the Institute of Trading and Portfolio Managements Managing Partner Anton Kreil was interviewed at Cass Business School by students of the University. In this exclusive interview Kreil gives an insight into the trends occurring in world financial markets for professional and retail traders, his thoughts on the world of banking, hedge funds, career progression for graduates within the industry and what the future may hold for those graduates seeking employment at Banks and Hedge Funds.
On February 7th 2013, the Institute of Trading and Portfolio Managements Managing Partner Anton Kreil was interviewed at Cass Business School by students of the University. In this exclusive interview Kreil gives an insight into the trends occurring in world financial markets for professional and retail traders, his thoughts on the world of banking, hedge funds, career progression for graduates within the industry and what the future may hold for those graduates seeking employment at Banks and Hedge Funds.
The Most Common Mistake Beginning Day Traders Make (and How to Avoid!)
Here is the link.
I've been coaching people who want to learn how to be a day trader since 2013 and there is one mistake I continue to see over and over again. I'm not surprised by it considering when I was a new trader and just getting started, I did the same exact thing. The problem is very tricky because it arises from a natural human emotion that society tells us is how we "should react". In the business of being a day trader however, what society tells us is often times wrong. If you want to find consistency as a trader and turn day trading into a side hustle or a main stream of income, you need know how to avoid such common mistakes. I show you some of my real life day trading results to illustrate the problem and mos importantly, how to avoid it.
I've been coaching people who want to learn how to be a day trader since 2013 and there is one mistake I continue to see over and over again. I'm not surprised by it considering when I was a new trader and just getting started, I did the same exact thing. The problem is very tricky because it arises from a natural human emotion that society tells us is how we "should react". In the business of being a day trader however, what society tells us is often times wrong. If you want to find consistency as a trader and turn day trading into a side hustle or a main stream of income, you need know how to avoid such common mistakes. I show you some of my real life day trading results to illustrate the problem and mos importantly, how to avoid it.
‘Don’t be fooled!’ A 40% drop could hit by next year after this bear-market rally fades, veteran economist warns
Here is the article.
“This looks like a bear market rally, similar to that in 1929-1930,” he said, “with an additional 30% to 40% drop in stocks to come as the deep global recession stretches into 2021.”
“This looks like a bear market rally, similar to that in 1929-1930,” he said, “with an additional 30% to 40% drop in stocks to come as the deep global recession stretches into 2021.”
Shell CEO on Dividend Cut, Debt, Oil Industry `Crisis'
Here is the link.
Apr.30 -- Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden discusses the company's dividend cut, its debt outlook and the challenges facing the oil industry amid the slump triggered by the coronavirus pandemic. He speaks on "Bloomberg Markets: European Open."
One of comments:
at 03:36 "Our dividend yield was at a level that very clearly also signaled to the market that our dividend was seen to be at risk" - this is such a bizarre explanation and almost pathetic in a circular logic. As a dividend investor i find the justification unacceptable. he does go on to make better justifications at the end of the interview and talking of
Apr.30 -- Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden discusses the company's dividend cut, its debt outlook and the challenges facing the oil industry amid the slump triggered by the coronavirus pandemic. He speaks on "Bloomberg Markets: European Open."
One of comments:
at 03:36 "Our dividend yield was at a level that very clearly also signaled to the market that our dividend was seen to be at risk" - this is such a bizarre explanation and almost pathetic in a circular logic. As a dividend investor i find the justification unacceptable. he does go on to make better justifications at the end of the interview and talking of
Chevron CEO Wirth on Earnings, Output Drop and Oil-Industry Bailout
Here is the link.
May.01 -- Chevron Corp. Chief Executive Officer Mike Wirth sees plenty of capacity to endure low oil prices for quite some time and says he opposes an oil-industry bailout. He speaks with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas."
May.01 -- Chevron Corp. Chief Executive Officer Mike Wirth sees plenty of capacity to endure low oil prices for quite some time and says he opposes an oil-industry bailout. He speaks with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas."
Julia reading style - love marketwatch comment and read 30 minutes a time
May 2, 2020
It is hard for me to get rid of wechat reading habit. I should spend more time to read high quality content. Where they are, and where are my interest as a 53 year old, ambitious to make millions in this bear market/ bull market rally stage. Today I started to fall in love with comment reading from Marketwatch.com
Here is the article.
First of all, I like to read good writing with very good motivation. Compared to Quora, this is much better for me to spend time on. Quora.com content is entertainment and easy to build my brand. But the content is lack of depth and communication between people.
Introduction
It is hard for me to get rid of wechat reading habit. I should spend more time to read high quality content. Where they are, and where are my interest as a 53 year old, ambitious to make millions in this bear market/ bull market rally stage. Today I started to fall in love with comment reading from Marketwatch.com
First article
Here is the article.
First of all, I like to read good writing with very good motivation. Compared to Quora, this is much better for me to spend time on. Quora.com content is entertainment and easy to build my brand. But the content is lack of depth and communication between people.
Opinion: Too many investors are failing to grasp that the coronavirus recession may be longer and tougher
Here is the article.
I love to read comments and I do think that it is important for me to learn how to think in terms of economy and market, capitalism.
I love to read comments and I do think that it is important for me to learn how to think in terms of economy and market, capitalism.
Bill Ackman: Getting Back Up [The Knowledge Project Ep. #82]
Here is the interview with all the transcript.
We talk about how he’s bounced back from the brink of failure not once but twice, the lessons he’s learned from his parents and raising kids of his own, his information sources, making big bets, the world today and where we might be headed.
We talk about how he’s bounced back from the brink of failure not once but twice, the lessons he’s learned from his parents and raising kids of his own, his information sources, making big bets, the world today and where we might be headed.
I think of philanthropy as something that is not genetic, it is learned, and it was something that my dad reinforced pretty much from the time I was a kid.
I’ve always had this view that success is not a straight line up. If you read the stories of successful people, almost every successful person has had to deal with some degree of hardship, whether that hardship is personal hardship, health-related hardship, or a business issue.
I’ve always had the view that how successful you are is really a function of how you deal with failure. If you deal with failure well and you persist, you have a high probability of being successful.
I admire people who take on unbelievable challenges and succeed.
One of the nice things psychologically about going to an office is that you go, you focus, and then when you come home it’s easier to leave it behind and it’s much harder to do that when your office phone is in the TV room.
I actually think that people will be that much more desperate for human connection after this experience than they were before.
Stock research - Canadian Natural Resources Limited (CNQ.TO)
May 2, 2020
I just could not believe that I Only purchased 20 shares on March 27, 2020. And there is over 63.30% return in less than 40 days. I have to review my decision process, how come I do not purchase more shares, holding $26,000 Canadian bond at that time.
I have to think about how to do a better job to invest more, not just $2000 dollars on oil stocks and also include Air Canada stocks.
When everything is on sale, do not take out a bucket. Take a truck to load them all.
Introduction
I just could not believe that I Only purchased 20 shares on March 27, 2020. And there is over 63.30% return in less than 40 days. I have to review my decision process, how come I do not purchase more shares, holding $26,000 Canadian bond at that time.
CNQ.TO stock research
When everything is on sale, do not take out a bucket. Take a truck to load them all.
Friday, May 1, 2020
Bill Ackman: Getting Back Up
How ‘the single best trade of all time’ netted one investor a $2.6 billion profit
Here is the link.
Ackman explained the thinking behind the hedge in a recent podcast.
“We said, ‘You know what, we’ve got this massive position ... which maybe has the potential to double if credit spreads widen to where they were during the financial crisis,” he told the Knowledge Project. “‘But if they don’t, and the government takes the right steps, this hedge could be worth zero, and the stock market could go right back up to where it was.’ So we made the decision to exit.”
At that point, Ackman explained, he got out with his tidy profit and started buying stocks. He then invested more than $3 billion in risk assets, a move that also proved prescient as the Fed started pumping money into the system and stocks rallied hard off the coronavirus bottom.
Suncor energy - stock research
Here is the article.
While the abruptness of an oil rebound is difficult to project, investors would be better served by looking to firms with healthy cash flows and stellar balance sheets to avoid the risk of bankruptcy in a lower-for-longer oil price environment that will undoubtedly threaten the economics of many heavy crude producers in the Albertan oil sands.
Facts about Suncor energy
Warren Buffett’s preferred way to bet on the Canadian oil patch is Suncor Energy, and it’s not hard to see why. The company has stellar integrated operations and one of the healthiest balance sheets in the oil sands, with an optimal 0.43 debt-to-equity ratio and $2 billion worth of cash, cash equivalents, and short-term investments. The company is destined to be a survivor, even if oil prices were to ever flirt with the negatives again.
I need to pay attention to more than 10% gain in one day or one week, 50% gain in less than one month definitely should be under my review.
On April 7, 2020, there is more than 20% gain compared to my purchase price on March 27, 2020.
While the abruptness of an oil rebound is difficult to project, investors would be better served by looking to firms with healthy cash flows and stellar balance sheets to avoid the risk of bankruptcy in a lower-for-longer oil price environment that will undoubtedly threaten the economics of many heavy crude producers in the Albertan oil sands.
Facts about Suncor energy
Warren Buffett’s preferred way to bet on the Canadian oil patch is Suncor Energy, and it’s not hard to see why. The company has stellar integrated operations and one of the healthiest balance sheets in the oil sands, with an optimal 0.43 debt-to-equity ratio and $2 billion worth of cash, cash equivalents, and short-term investments. The company is destined to be a survivor, even if oil prices were to ever flirt with the negatives again.
- 0.43 debt-to-equity ratio
- $2 billion worth of cash, cash equivalents, and short-term investments
After Suncor’s 76% bounce off the March bottom, the dividend yield is now more modest at 7%, but the Canadian oil stock is still worth picking up if you’re a long-term income investor who wants to invest alongside Buffett with a better cost basis!
Stay hungry. Stay Foolish.
My positions
Actionable Items
I need to pay attention to more than 10% gain in one day or one week, 50% gain in less than one month definitely should be under my review.
On April 7, 2020, there is more than 20% gain compared to my purchase price on March 27, 2020.
Canadian Oil Stocks: A Once-in-a-Lifetime Buying Opportunity
Here is the article.
While the abruptness of an oil rebound is difficult to project, investors would be better served by looking to firms with healthy cash flows and stellar balance sheets to avoid the risk of bankruptcy in a lower-for-longer oil price environment that will undoubtedly threaten the economics of many heavy crude producers in the Albertan oil sands.
Facts about Suncor energy
Warren Buffett’s preferred way to bet on the Canadian oil patch is Suncor Energy, and it’s not hard to see why. The company has stellar integrated operations and one of the healthiest balance sheets in the oil sands, with an optimal 0.43 debt-to-equity ratio and $2 billion worth of cash, cash equivalents, and short-term investments. The company is destined to be a survivor, even if oil prices were to ever flirt with the negatives again.
While the abruptness of an oil rebound is difficult to project, investors would be better served by looking to firms with healthy cash flows and stellar balance sheets to avoid the risk of bankruptcy in a lower-for-longer oil price environment that will undoubtedly threaten the economics of many heavy crude producers in the Albertan oil sands.
Facts about Suncor energy
Warren Buffett’s preferred way to bet on the Canadian oil patch is Suncor Energy, and it’s not hard to see why. The company has stellar integrated operations and one of the healthiest balance sheets in the oil sands, with an optimal 0.43 debt-to-equity ratio and $2 billion worth of cash, cash equivalents, and short-term investments. The company is destined to be a survivor, even if oil prices were to ever flirt with the negatives again.
- 0.43 debt-to-equity ratio
- $2 billion worth of cash, cash equivalents, and short-term investments
After Suncor’s 76% bounce off the March bottom, the dividend yield is now more modest at 7%, but the Canadian oil stock is still worth picking up if you’re a long-term income investor who wants to invest alongside Buffett with a better cost basis!
Stay hungry. Stay Foolish.
Has the Market Hit Bottom Yet? | Phil Town
Here is the link.
Will the market keep dropping? It's obvious that the Coronavirus-induced recession has ended the bull market, and it's hard to tell what will come next. Today I discuss my take on the current state of our volatile market and what you can do to prepare as an investor.
Will the market keep dropping? It's obvious that the Coronavirus-induced recession has ended the bull market, and it's hard to tell what will come next. Today I discuss my take on the current state of our volatile market and what you can do to prepare as an investor.
Julia's crafting skills - Lowest common ancestor
April 30, 2020
I may put myself in danger position since I stop practicing coding using C# last two months. I was busy with stock market and learn how to control my psychology as an investor, and learn a few things how to understand market swings and economy. Good thing is that I still work as a volunteer as an mock interviewer, I keep myself open to top talent in the world. I just learn one thing a time, one crafting skills a time. 43 minutes a mock interview session really helps me to go back to practice. What I did is to practice the algorithm after the mock interview, I like to learn from the mock interviewee and try to write a C# solution using the same idea.
Here is the post.
C# post order traversal and return p or q in recursive function
I should be more creative after the mock interview. One thing I can think about is to learn how to communicate better through mock interview. One time I did not show confidence in the first three minutes, the interviewee just terminated the interview.
I also think about how to contribute better as an interviewer. Being an interviewer, the interviewee demonstrates super good performance; To me it reminded me to work hard, and also I like to push myself continue to practice algorithm. The problem solving thinking process is such problem area for me to improve, and I need to compare myself often and then I learn from the experience.
I like to add some voice recording, and I like to explain the idea using my understanding. It will help me to track my progress as well.
Introduction
I may put myself in danger position since I stop practicing coding using C# last two months. I was busy with stock market and learn how to control my psychology as an investor, and learn a few things how to understand market swings and economy. Good thing is that I still work as a volunteer as an mock interviewer, I keep myself open to top talent in the world. I just learn one thing a time, one crafting skills a time. 43 minutes a mock interview session really helps me to go back to practice. What I did is to practice the algorithm after the mock interview, I like to learn from the mock interviewee and try to write a C# solution using the same idea.
My crafting skills
Here is the post.
C# post order traversal and return p or q in recursive function
May 1, 2020
It is optimal solution I learned from mock interview on April 30, 2020 at 10:00 PM from the mock interviewee. He is ex-facebook engineer, and he wrote the code and tested, it took him less than 25 minutes. Here is the blog to document the practice.
I spent over 30 minutes to practice using C#. Here are my highlights:
- Apply postorder traversal, bottom up, count nodes found and return Lowest Common Ancestor (LCA);
- Think about C# data structure, using strong typing data structure Tuple;
- Choose data structure Tuple<TreeNode, int> instead of ArrayList; Spend 10 minutes to warm up, find Item1 property usage;
- More on step 2, two tips learned from failed test case, [3,5,1,6,2,0,8, null, null, 7, 4], 5, 4, return should be 5. Move ternary experession to the end, and add two parentheses to avoid grammar error. Need to work on C# basics.
- Play with ternary expression and avoid ambiguity;
- Remember if LCA is not found then Tuple.Item1 is null.
Add my practice to my collection of solutions written in 2019. Here is the post with various practice starting from May 2019.
using System;
using System.Collections.Generic;
using System.Linq;
using System.Text;
using System.Threading.Tasks;
namespace _236_lowest_common_ancestor
{
class Program
{
static void Main(string[] args)
{
}
public class TreeNode {
public int val;
public TreeNode left;
public TreeNode right;
public TreeNode(int x) { val = x; }
}
/// <summary>
/// May 1, 2020
/// Use bottom up approach, and also return number of nodes found and LCA
/// </summary>
/// <param name="root"></param>
/// <param name="p"></param>
/// <param name="q"></param>
/// <returns></returns>
public TreeNode LowestCommonAncestor(TreeNode root, TreeNode p, TreeNode q)
{
var tuple = postOrderTraversal(root, p, q);
return tuple.Item1;
}
/// <summary>
/// return LCA and count of nodes found
/// </summary>
/// <param name="root"></param>
/// <param name="p"></param>
/// <param name="q"></param>
/// <returns></returns>
private static Tuple<TreeNode, int> postOrderTraversal(TreeNode root, TreeNode p, TreeNode q)
{
if (root == null)
{
return new Tuple<TreeNode, int>(null, 0);
}
var left = postOrderTraversal(root.left, p, q);
if (left.Item1 != null)
{
return left;
}
var right = postOrderTraversal(root.right, p, q);
if(right.Item1 != null)
{
return right;
}
int count = left.Item2 + right.Item2 + ((root == p || root == q) ? 1 : 0);
if (count == 2)
{
return new Tuple<TreeNode, int>(root, 2);
}
return new Tuple<TreeNode, int>(null, count);
}
}
}Actionable Items
I should be more creative after the mock interview. One thing I can think about is to learn how to communicate better through mock interview. One time I did not show confidence in the first three minutes, the interviewee just terminated the interview.
I also think about how to contribute better as an interviewer. Being an interviewer, the interviewee demonstrates super good performance; To me it reminded me to work hard, and also I like to push myself continue to practice algorithm. The problem solving thinking process is such problem area for me to improve, and I need to compare myself often and then I learn from the experience.
I like to add some voice recording, and I like to explain the idea using my understanding. It will help me to track my progress as well.
Case study: Lowest common ancestor
May 1, 2020
It is the first interview I got the whole week. I worried about interviewing.io financial situation, and free anonymous interview is no longer affordable since some one has to pay the bill. A lot of layoffs last two months, people are flooding in job market for software engineer positions.
Here is the code.
Discussion we had on the mock interview:
The clever part is to return two things in recursive function. One is to find lowest common ancestor, if it is found then it should be returned; Second one is supporting role to calculate the node found. As we know, the node can be root node or any child node in binary tree. Using total nodes found is the technique to make it easy to identify the edge case: root node is one of nodes p or q, then another node is in subtree nodes.
One thing to make it more readable is to replace checking of return TreeNode null with node's count comparison to value 2 instead.
Interviewee - an ex-facebook engineer
His second algorithm is also bug-free, here is the link.
May 25, 2020
The interviewee is young and top talent engineer. After the mock interview, he saw my feedback, and then he decided to get connected on interviewing.io. I should ask a linkedin.com connection from him, so I can track his career success later on.
Introduction
It is the first interview I got the whole week. I worried about interviewing.io financial situation, and free anonymous interview is no longer affordable since some one has to pay the bill. A lot of layoffs last two months, people are flooding in job market for software engineer positions.
Mock interview case study
Here is the code.
Discussion we had on the mock interview:
The clever part is to return two things in recursive function. One is to find lowest common ancestor, if it is found then it should be returned; Second one is supporting role to calculate the node found. As we know, the node can be root node or any child node in binary tree. Using total nodes found is the technique to make it easy to identify the edge case: root node is one of nodes p or q, then another node is in subtree nodes.
One thing to make it more readable is to replace checking of return TreeNode null with node's count comparison to value 2 instead.
Interviewer feedback
His second algorithm is also bug-free, here is the link.
Actionable items
May 25, 2020
The interviewee is young and top talent engineer. After the mock interview, he saw my feedback, and then he decided to get connected on interviewing.io. I should ask a linkedin.com connection from him, so I can track his career success later on.
Thursday, April 30, 2020
Yahoo finance conversations - OVV.TO stock research
April 30, 2020
It is second day with over 10% gains for OVV.TO stock. I like to continue to work on research, and this time I came cross the conversations and then found articles to read related to OVV.TO.
It is the first time I came cross yahoo finance stock conversations. I had problems with VAB.TO when the price went down 10% back in March. Now I knew where to find latest information.
WOW! This could partially explain the move in price in addition to general market sentiment. Follow the smart money: https://fintel.io/sob/us/ovv
Introduction
It is second day with over 10% gains for OVV.TO stock. I like to continue to work on research, and this time I came cross the conversations and then found articles to read related to OVV.TO.
Stock research
It is the first time I came cross yahoo finance stock conversations. I had problems with VAB.TO when the price went down 10% back in March. Now I knew where to find latest information.
WOW! This could partially explain the move in price in addition to general market sentiment. Follow the smart money: https://fintel.io/sob/us/ovv
How to time the market and come out good ideas at work?
Introduction
I spent time to review C# code and also .ASPX code, and I like to work on something simple. It is important for me to build good habit to review my own code, and follow good rules to write code.
Two day project
I spent two days to review the code I wrote, and then I make it simple, much more readable as well.
What is most important - technology or basic needs?
April 30, 2020
It is important to have no worries about basic need, specially in this coronavirus period, 53 years old. I felt so depressed on March 18 to take two sick days, since no one felt safe to stay in the office while outside news kept coming with bad news. I thought about my rent, rental property in Florida, all the cash I have, even though outstanding talent people in my age or my ex-classmates and friend retired at age 52, I am still worrying about food on table.
I work on software engineering job but I knew that it is not easy for me to be outstanding. There are so many bias formed through 2001 to 2010, even though I continuously worked hard but I still could not be confident to solve my housing problem in the city of Vancouver.
On March 19, 2020, I felt that it is a good solution to choose renting instead of owning. I do not have to worry about paying mortgage. I felt so good to have a full time job and also I can take less risk to adjust my life style, because I start to get used to be frugal, only shopping for necessity, and only keep minimum relationship, avoid relatives and stay isolated in Canada.
Introduction
It is important to have no worries about basic need, specially in this coronavirus period, 53 years old. I felt so depressed on March 18 to take two sick days, since no one felt safe to stay in the office while outside news kept coming with bad news. I thought about my rent, rental property in Florida, all the cash I have, even though outstanding talent people in my age or my ex-classmates and friend retired at age 52, I am still worrying about food on table.
Technology or basic need
I work on software engineering job but I knew that it is not easy for me to be outstanding. There are so many bias formed through 2001 to 2010, even though I continuously worked hard but I still could not be confident to solve my housing problem in the city of Vancouver.
On March 19, 2020, I felt that it is a good solution to choose renting instead of owning. I do not have to worry about paying mortgage. I felt so good to have a full time job and also I can take less risk to adjust my life style, because I start to get used to be frugal, only shopping for necessity, and only keep minimum relationship, avoid relatives and stay isolated in Canada.
CSS short review - maintenance of website
Introduction
It is my fifth week to go back to work after two weeks break starting from March 19 to Arpil 1, and I like the life to work and got used to work full time very quickly. I need to learn somethings important about CSS, so that I can better manage the code base I have for my full time work. I need to take time to read good content about style, how to develop and maintain CSS code. It is better for me to master the basics since coronavirus is still here. A lot of people lose jobs every day, 30 million people in USA are unemployed and over 30 thousand jobs related to IT are gone as well.
CSS learning
I came cross the following reading materials, I enjoy reading and like to learn as well.
Google HTML/CSS Style Guide
Improving CSS quality at Facebook and beyond
postCSS
What to work on in my own choice - coding and design?
April 30, 2020
It is serious lesson for me to learn as an investor. I did not know to sell high and buy low, since VAB.TO went up last month with gains $2000 dollars, and then in less than 12 business days, it went down with loss $1500 dollars. I did not learn the importance to sell high and buy low. From the lesson, I learn that I have to go back to simplify things at work, so that I can have more time to learn how to invest after the work. Technology eats my time, I have to think about Coronavirus, emergency, how I should support business without too much burden on myself as a software programmer. I am the only developer and then we like to continue to run business since we all have to live and do not like to get into debt.
I like to write down a short showcase how I made some modification in my code base.
Here is the link of C# code.
Here is the link of CSS code.
Here is the link of C# code for a small class.
I need to find time to review CSS, and this time I reviewed CSS style from Uber. Here is the link.
C# code more readable:
Html code more readable with div names:
Introduction
It is serious lesson for me to learn as an investor. I did not know to sell high and buy low, since VAB.TO went up last month with gains $2000 dollars, and then in less than 12 business days, it went down with loss $1500 dollars. I did not learn the importance to sell high and buy low. From the lesson, I learn that I have to go back to simplify things at work, so that I can have more time to learn how to invest after the work. Technology eats my time, I have to think about Coronavirus, emergency, how I should support business without too much burden on myself as a software programmer. I am the only developer and then we like to continue to run business since we all have to live and do not like to get into debt.
My showcase project at work
I like to write down a short showcase how I made some modification in my code base.
Here is the link of C# code.
Here is the link of CSS code.
Here is the link of C# code for a small class.
I need to find time to review CSS, and this time I reviewed CSS style from Uber. Here is the link.
C# code more readable:
Html code more readable with div names:
Over 100% OVV.TO stock gains
Follow up
June 9, 2020As a single person, I should ask myself what I should do. If I have a position in my portfolio which went up 100% in one month, I should invest all my cash in TFSA on this position at the very beginning. Or just after 20% up.
Do not just blog the gains, think about from different angles. It is hard for a single person to make sound decisions on this investment.
I should hire the professional ones in China, or contact friends I know working for bank; pay $60 dollars one hour to get some advice.
My worries - Write down first
I like to write down my worries to prepare better mental health, and good psychology as an investor. I worried about so many things so that I could not invest over $26,000 dollars in bonds when I chose to rebalance SPX and VDU etf, and I only spent $2000 to build Canadian oil stocks and Air Canada stocks. I missed the opportunity to build wealth through the market bottom.
My worries
I do like to write down a list of things I worried, and next time I should write down those worries and learn to measure them. Do not allow those emotions affect my decision making in investment.
Wednesday, April 29, 2020
My stock analysis project - understanding terms
April 29, 2020
It is so interesting to see my Canadian oil stocks go up 15% today, and I like to look into what I should learn from the investment.
I need to review the analysis of four oil stocks from the video. I like to work on basic terms and then find out what to look into in order for me to evaluate what stock to invest.
Low
% Fall
Revenue
Cost of Revenue
Gross Profit
Total Current Assets
Current liabilities total
Current Ratio
Stock Holder Equity
T. Assets Vs. T. Liabilities
Gross Margin
Operating Margin
Valuation
5 Year Avg P/E
Introduction
It is so interesting to see my Canadian oil stocks go up 15% today, and I like to look into what I should learn from the investment.
My simple task
I need to review the analysis of four oil stocks from the video. I like to work on basic terms and then find out what to look into in order for me to evaluate what stock to invest.
Low
% Fall
Revenue
Cost of Revenue
Gross Profit
Total Current Assets
Current liabilities total
Current Ratio
Stock Holder Equity
T. Assets Vs. T. Liabilities
Gross Margin
Operating Margin
Valuation
5 Year Avg P/E
4 Oil Stocks to Watch After The Oil Collapse
Here is the link.
I like to analyze how much it has room to go up for IMO.TO, and my holding went up 12%.
I just got more than 60% up from IMO.TO.
I like to share this comparison with my Chinese friends. IMO.TO is best one based on the analysis shown in the video by checking gross margin and operating margin.
April 29, 2020 10:02 PM
Take mass hit - strong balance sheet, they can stand when the oil price is low. Once the demand is coming back, the price will come back.
There is no interest to sell the price around $20.00 dollars.
Current Ratio
6:20/ 19:11
Current Ratio = Current asset/ current liability
Living on asset, 16,913 billion asset, 7.043 billion liability - COP (US)
XOM - have to sell asset and pay the liability
0.78 < 1 more risky - XOM
1.38 > 1 less risky - IMO
Operation margin
Average operation margin - 15, so IMO with 6% is very good.
Valuation
5 Year Avg P/E
Current P/E
Discount From Average
Book Value
Book Value = Total assets - total liabilities
Sell everything what can be paid
Free cash Flow -
Low
% Fall
Revenue
Cost of Revenue
Gross Profit
Total Current Assets
Current liabilities total
Current Ratio
Stock Holder Equity
T. Assets Vs. T. Liabilities
Gross Margin
Operating Margin
Valuation
5 Year Avg P/E
I like to borrow content from comments.
Stocks looked at: 1. Exxon Mobil Corp NYSE: XOM 2. ConocoPhillips NYSE: COP 3. Imperial Oil Ltd TSE: IMO 4. Royal Dutch Shell Plc AMS: RDSA best value = Imperial safest = Conoco riskies = Exxon best dividend = Shell
I need to figure out if IMO.TO has potential to go up 60% before Coronavirus sets down. If so, I should invest more on this stock.
I like to analyze how much it has room to go up for IMO.TO, and my holding went up 12%.
I just got more than 60% up from IMO.TO.
I like to share this comparison with my Chinese friends. IMO.TO is best one based on the analysis shown in the video by checking gross margin and operating margin.
April 29, 2020 10:02 PM
Take mass hit - strong balance sheet, they can stand when the oil price is low. Once the demand is coming back, the price will come back.
There is no interest to sell the price around $20.00 dollars.
Current Ratio
6:20/ 19:11
Current Ratio = Current asset/ current liability
Living on asset, 16,913 billion asset, 7.043 billion liability - COP (US)
XOM - have to sell asset and pay the liability
0.78 < 1 more risky - XOM
1.38 > 1 less risky - IMO
Operation margin
Average operation margin - 15, so IMO with 6% is very good.
Valuation
5 Year Avg P/E
Current P/E
Discount From Average
Book Value
Book Value = Total assets - total liabilities
Sell everything what can be paid
Free cash Flow -
Low
% Fall
Revenue
Cost of Revenue
Gross Profit
Total Current Assets
Current liabilities total
Current Ratio
Stock Holder Equity
T. Assets Vs. T. Liabilities
Gross Margin
Operating Margin
Valuation
5 Year Avg P/E
Summary
I like to borrow content from comments.
Stocks looked at: 1. Exxon Mobil Corp NYSE: XOM 2. ConocoPhillips NYSE: COP 3. Imperial Oil Ltd TSE: IMO 4. Royal Dutch Shell Plc AMS: RDSA best value = Imperial safest = Conoco riskies = Exxon best dividend = Shell
Actionable Items
I need to figure out if IMO.TO has potential to go up 60% before Coronavirus sets down. If so, I should invest more on this stock.
Facebook CFO: 'We had a steep decline in ad revenue in March'
Here is the link.
Facebook CFO David Wehner joins "Closing Bell" to talk about the company's earnings and advertising revenue.
Facebook CFO David Wehner joins "Closing Bell" to talk about the company's earnings and advertising revenue.
Stocks surge as Fed commits to aggressive policies to keep markets working
Here is the link.
SPX 2.88% - Gilead science -
2939.51 +76.12 2.6%
Dow leads: AMEX, VISA, BOEING
Nasdaq
Gilead science 5.86%
March 10 highest return - 2.6%
SPX 2.88% - Gilead science -
2939.51 +76.12 2.6%
Dow leads: AMEX, VISA, BOEING
Nasdaq
Gilead science 5.86%
March 10 highest return - 2.6%
美股投资｜为什么大多数人做投资都亏钱？股灾为什么会反复出现？偏见是如何导致投资亏损的？
Here is the link.
这个视频主要是介绍一本书：《非理性繁荣》，作者是诺贝尔经济学奖获得主Robert Shiller。他提出了导致股灾的四个因素：新时代文化，媒体文化，投资理财方式的变化，社会心理的影响。他还认为人类的直觉思维会带来很多偏见（锚定效应，从众效应，可得性偏好，因果性偏好），而这些偏见会导致投资的失败。
这个视频主要是介绍一本书：《非理性繁荣》，作者是诺贝尔经济学奖获得主Robert Shiller。他提出了导致股灾的四个因素：新时代文化，媒体文化，投资理财方式的变化，社会心理的影响。他还认为人类的直觉思维会带来很多偏见（锚定效应，从众效应，可得性偏好，因果性偏好），而这些偏见会导致投资的失败。
Victoria TFSA - April 29, 2020
Sharesight
Actionable Items
Ask myself why the following oil stocks or pipeline have more than 10% increase in one day.
IMO.TO 12.67%
PPL.TO 10.27%
SU.TO 13.61%
CNQ.TO 16.27%
OVV.TO 14.92%
If I can understand the market, then I should put $41,000 dollar cash into those oil stocks, and then take the ride over 10% on April 29, 2020.
Trouble is opportunity. I like to remind myself to take more time to learn investment in this Coronavirus special days, months in 2020.
Support our startup interviewing.io
April 29, 2020
It is tough time for every one and also for a startup company. I was busy last two years since every weekday 10:00 PM and weekend 10:00 PM for mock interview over 10 interviews, but right now the startup is in financial challenging time, I did not have mock interview last week. They are trying to focus on paid interviews.
I have those wonderful training as interviewer through last two years. I do believe that I developed so much strong muscle in terms of problem solving, algorithm research and coding crafting skills.
We have to think about how to make this small startup working again.
Introduction
It is tough time for every one and also for a startup company. I was busy last two years since every weekday 10:00 PM and weekend 10:00 PM for mock interview over 10 interviews, but right now the startup is in financial challenging time, I did not have mock interview last week. They are trying to focus on paid interviews.
Big thanks
I have those wonderful training as interviewer through last two years. I do believe that I developed so much strong muscle in terms of problem solving, algorithm research and coding crafting skills.
We have to think about how to make this small startup working again.
Tuesday, April 28, 2020
Uber discussing plans to lay off 20% of workers: Report
Here is the link.
80% revenue is lost. Total employee number is 27,000, so 20% layoff means 5400 people.
80% revenue is lost. Total employee number is 27,000, so 20% layoff means 5400 people.
Diamond Offshore Drilling Inc - bankrupt
受价格战和新冠病毒肺炎疫情影响，油价暴跌之后，不少原油生产商都关闭了在墨西哥湾的钻井，导致该公司需求接近枯竭。
谈及破产原因时，戴蒙德海底钻探公司表示，在疫情爆发、沙特掀起价格战之后，海洋钻探行业急剧恶化。海上石油本就是生产成本最高的石油之一，当油价跌至不到30美元/桶时，该公司的处境就已经非常不利了。
今年开年以来，该公司股价已经累计下跌86.95%，至周五收盘时，股价处于1美元以下，为94美分。
公开信息显示，戴蒙德海上钻探公司登记资产约58亿美元，债务约26亿美元。近期，该公司没有按时支付债务利息。标普随即宣布将其债务评级下调至D，意味着该公司或将不会支付债务。
目前，该公司已正式宣布申请破产保护，成为继惠廷石油公司之后，第二家引发全球关注的申请破产保护油企。
公司的大股东是在纽交所上市的洛伊斯公司(Loews Corporation)，持股比例达到53%，公司旗下还有2500名员工，公司还留下了超过20亿美元的债务。
根据戴蒙德去年的财务报告，亏损几乎翻了一番至3.57亿美元，营收下降约1亿美元，至9.8亿美元。
4月中旬国际评级机构穆迪和标普就已经将其“降级”，穆迪称该公司重组债务的可能性很大，无论是通过与债权人达成庭外和解，还是通过破产程序。”标普对其评价“极有可能导致选择性违约或破产”。
北达科他州的页岩油生产商已经关闭了6000多口油井，每天减产约40.5万桶，约占该州总产量的30%。能源数据公司Enverus的数据显示，过去四周，在美国页岩油田运营的钻井平台数量下降了40%。
美国产油商还大幅削减了支出。根据能源咨询公司RystadEnergy的数据，该行业已经从今年约1300亿美元的计划支出中削减了约530亿美元。路透的数据显示，美国和欧洲五家最大的石油公司宣布平均削减23%的支出。Crowley和Adams-Heard的数据显示，上市公司已经削减了310多亿美元的钻井预算。
钻井平台关闭、企业削减预算导致许多石油工人失业。今年3月，美国石油和天然气行业削减了近5.1万个钻井和炼油岗位，降幅达9%。随着20日期货价格跌至负值，这一降幅可能进一步扩大。咨询公司BW ResearchPartnership的数据显示，如果把建设、钻井设备制造和船运等辅助工作包括在内，3月份石油和天然气行业的失业人数将再增加1.5万人。
大宗商品交易商托克集团（Trafigura Group）石油交易联席主管本·卢克克（Ben Luckock）表示:“上周一（美原油跌至负值）确实让人们意识到，石油生产需要放缓。”
Monday, April 27, 2020
TRADE YOUR WAY TO FINANCIAL FREEDOM (BY VAN THARP)
Here is the link.
Trading is not a marriage - match personality
3 exiting techniques:
percentage exits - step out at a 7-8% loss - take the loss and move on
time exits -
volatility exits - might be just market noise -
percentage risk model - 1R = 10% of capital
Stubborn steve - always 1R - $2,000 dollars
Risky Rachel - percentage risk model - 10% of total - increase/ decrease, increase if winning, decrease if losing
Conservative charlie - 2% rule - 2% of capital risk
- Trading that fits
- The notion of R - risk
- Exiting techniques
- Opportunity
- Position sizing
Not a "one" size fits all
4 characters
R The risk you predefine before entering a trade
Amazon
Buy $1600
Stop: $1500
1R Your risk = $100
$400 = 4R profit
Trading is not a marriage - match personality
3 exiting techniques:
percentage exits - step out at a 7-8% loss - take the loss and move on
time exits -
volatility exits - might be just market noise -
percentage risk model - 1R = 10% of capital
Case study of three people
Stubborn steve - always 1R - $2,000 dollars
Risky Rachel - percentage risk model - 10% of total - increase/ decrease, increase if winning, decrease if losing
Conservative charlie - 2% rule - 2% of capital risk
TRADING FOR A LIVING (BY DR ALEXANDER ELDER)
Here is the link.
Three pillars
Psychology
Market analysis & trading systems
Money management
Be realistic
Keep a diary of your trades
Learn from past mistake and will not make it again in the future
Set up rules
Stop trading
Don't count money
Practice sound money management
Weekly MACD-histogram - S & P 500
- The three pillars of trading
- How to keep your emotions in check
- One indicator to rule them all
- The triple screen tracking system
Three pillars
Psychology
Market analysis & trading systems
Money management
Be realistic
Keep a diary of your trades
Learn from past mistake and will not make it again in the future
Set up rules
Stop trading
Don't count money
Practice sound money management
Weekly MACD-histogram - S & P 500
HOW TO DAY TRADE FOR A LIVING SUMMARY (BY ANDREW AZIZ)
Here is the link.
Candlestick
hourly
5 minutes
1 minute
Indecision candlestick
Trade volume
Support:
Resistance :
Support strategy:
From previous day/ days
- After six month trade, only 6% people can survive.
- 2% rule - set maximum 2% loss per trade.
- Understand candlesticks - buyer and seller fight - which group is winning - hourly chart/ 5 minutes chart
- The support or resistance strategy
Candlestick
hourly
5 minutes
1 minute
Indecision candlestick
Trade volume
Support:
Resistance :
Support strategy:
From previous day/ days
The 2% Stop Loss rule (Trading risk management)
Here is the link.
Risk management is one of the most important aspects of trading. How does one manage risk so that a run of losing trades doesn't wipe you out? How does one deal with the emotional risk of not acting on a stop loss? How much money do you risk in any trade? The 2% rule is by far the best way of managing all of these potential problems and ensuring that your position size for every trade is exactly spot on so you don't have to worry about the money - just focus on the charts and the discipline.
5:37
2% rule
Only risk 2% of capital in any one trade
Protects you from a run of losing trades
50 trades goes to zero.
R - Run
Enter share at R10.00
Stop loss at R9.00
Risk per share = R1.00
2% = R1000 (R50k portfolio)
Therefore buy 1000 shares
18:48
No stop loss = GO BUST
Be comfortable with Rands at risk
Reduces stress when stop is hit
Determine stop loss level first
Use 2% rule
Thank work out quantity
Make sure Rands at risk doesn't scare
Risk management is one of the most important aspects of trading. How does one manage risk so that a run of losing trades doesn't wipe you out? How does one deal with the emotional risk of not acting on a stop loss? How much money do you risk in any trade? The 2% rule is by far the best way of managing all of these potential problems and ensuring that your position size for every trade is exactly spot on so you don't have to worry about the money - just focus on the charts and the discipline.
5:37
2% rule
Only risk 2% of capital in any one trade
Protects you from a run of losing trades
50 trades goes to zero.
R - Run
Enter share at R10.00
Stop loss at R9.00
Risk per share = R1.00
2% = R1000 (R50k portfolio)
Therefore buy 1000 shares
18:48
No stop loss = GO BUST
Be comfortable with Rands at risk
Reduces stress when stop is hit
Determine stop loss level first
Use 2% rule
Thank work out quantity
Make sure Rands at risk doesn't scare
Risk Management Strategy For Trading
Here is the link.
Tell the story using my own words:
Given $10,000 capital to do day trading, set 2% as stop loss. Remember, 10 trades at most one day, if all of them fails, the total loss is 22%.
$200 for the loss of the trade.
Profit per share 0.45
Stop loss per share 0.85
Keep ratio 2:1
Target price $10.50
Entry price $10.05
Stop loss price $9.20
Not a good trade - loss $0.85/ share to make $0.45/ share. It should be like 2 : 1, not 1 : 2.
Good trade
Target price $130.00, you like to sell around $12.80, then it will be good, since ratio will be around 2: 1
Tell the story using my own words:
Given $10,000 capital to do day trading, set 2% as stop loss. Remember, 10 trades at most one day, if all of them fails, the total loss is 22%.
$200 for the loss of the trade.
Not a good trade
Profit per share 0.45
Stop loss per share 0.85
Keep ratio 2:1
Target price $10.50
Entry price $10.05
Stop loss price $9.20
Not a good trade - loss $0.85/ share to make $0.45/ share. It should be like 2 : 1, not 1 : 2.
Good trade
Target price $130.00, you like to sell around $12.80, then it will be good, since ratio will be around 2: 1
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