I’m incredibly fortunate to be able to have regular conversations with many of the top Traders, Analysts, PMs and Financial Advisors in the world.
So many of these friends of mine had their best year ever. Some of my friends absolutely crushed 2020, which is not surprising given their prior success and the increased level of opportunities sparked from spikes in volatility earlier in the year.
So what was the common denominator among the ones who succeeded the most? (because I asked them all)
They told me, each in their own ways, that they shut off the news and just listened to the market. You see, the “news” is designed to be a distraction. The better they are at distracting you from what’s actually important, the more their precious sponsors will pay them. That’s how that works.
The “news” people are not here to help you. In fact, in many cases, it’s actually a malicious effort to distract. They know what they’re doing. And they’re really good at it.
I got well about 6-7 years ago, when I finally turned it off for good. And I’ve never looked back. [Read more…]