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How Often Should You Be Thinking About The Stock Market?

April 4, 2009 at 1:20 pm
by Timothy Sykes

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A few days ago, I saw this on a Tweet from Brian Shannon (you should follow me on Twitter HERE) and since I’m currently in Aspen, it made me want to press home the point below:

I don’t even ski, but the beautiful mountainous background definitely helps me not think about the market (which is good because a.) you need to have a life and b.) experience has taught me that by not focusing on the market every day and having the patience to wait for those truly great trade setups.

I always have the market on my mind, but when there aren’t any Supernovas (as detailed HERE), I’m just not that interested in all the noise….guessing games, scalping, breaking news is all irrelevant to the richest and happiest market players out there…stop watching/reading entertaining/interesting but overall useless and, more importantly, potentially dangerous shit like CNBC/Bloomberg, WSJ.

I know the vast majority of you are years, if not decades, away from appreciating this strange but ridiculously true concept, but I gotta try!

Posted in Guessing Games, Real Wall Streeters

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  • Alexander

    Hello, Tim! I’m from Russia, wanna show u the statement of ma trade, and talk about yours&my short trade. What u think?

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  • http://thedailyvento.blogspot.com johnnyvento

    When you asked to be put in touch with people for your trip to Japan, I made the mistake of taking you at face value. I actually contacted someone I knew in Japan to see if they could help you. I realized later that your request wasn’t sincere. The point of your post was to brag about how much money you were spending on your lavish Japan trip. This is one of those same type of posts. It has no inherent value other than to let people know that you are taking their money, and spending it on your own personal pleasure. I wonder why people still want to give you money but that is their own business.

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  • http://test.timothysykes.com Timothy Sykes

    Vento WTF r u talking about? i met up with several people in japan, it was great, u’re just a bitter weird dude, typical failed trader

  • http://www.investorslive.com investorslive

    Tim you gotta admit… this picture did NOT help your case out as far as separating you from the “market”…

    just look at the moutain peaks…

    it appears as if someone tried to draw 20, 50, and 200 day moving averages on them… this is a stock chart in disguise and you know it!

  • http://test.timothysykes.com Timothy Sykes

    i know, thats the point, i dont use moving averages, i have no true supernova pump and dumps so i havent played lesser patterns

  • Beltway Greg

    You know TIm I’m certain you’re full of shit. Which hotel are you staying at in Aspen?

  • Beltway Greg

    Tim, please disregard my last. Let’s make some money off of this hubris. Deep inside most traders are egotistical a@@holes. How about pitching a show to CNBC where we trade in real-time, kind of like poker, and our trades are known only to the viewers at home. Of course this should be taped to sidestep the whole market manipulation thing. We trade with a fictional $10 mill but we have to put-up $10K to join the game, it’s winner take all, single elimination. You have to trade the market in front of you. No methods, no CDs, no systems, just raw trading talent. Great idea, yes? Pitch it. It’s got to be better than that Iron Chef crap.