During our ski holiday at the end of 2015, a good habit started to form: ignore the markets. Now that we are back at home and I have been working 2 weeks, all of that is gone.I have this compelling need to see what is ongoing…
The way things were in the mountains was so much more relaxed. Apart rom getting the kids and myself ready for the morning lessons, there was no obligation. And especially no want or need to check what was ongoing on the markets. I did not seem to care. That was so great.
During the day, and most of the evenings, I was focused on ski, the family, friends… Things that really matter. Only a few evening I checked out my play money and options. All went fine.
Then, back at home and work, I fell back in the old habit of seeing how The far east is going when waking up, checking the european oil stocks through the day, peeking when US opens and glancing at the close. Why? I have no idea. I can not impact the markets by watching, I can not alter it by placing an order or two.
Why would that be?
- Stress free living in the hotel where there are no day-2-day hassles. Back at home, there are the chores and to do lists. For a reward, I check sometimes the market.
- Easy access to the web at home. High out on the slopes while refreshing my ski skills, I had no easy access to the web to sneek peek at the markets. Besides that, the view of the mountains was far better than numbers that jump back and forth.
- At home, I have more exposure to the news headlines: on the radio, in the news paper, as a quick break between 2 jobs. You see what is ongoing, and as a result you check out the markets.
The good thing is that looking a lot does not make be trade a lot. For my core portfolio, all activity is mechanical. For my play money, I have more freedom, but still manage to stay within my limits of risk I want to take on.
Do you have some tips on how to not check the markets?