Much more is written about how to interpret markets than about getting in the right mood to trade.
Bloomberg Businessweek has a great profile of Bill Gross this week. It’s mostly about the fallout between him and Mohammed El-Erian
Gross cherishes routine, and his has been much the same since he and two partners started Pimco as a unit of Pacific Mutual Life Insurance. Most days begin at 4:30 a.m., when he wakes up, makes coffee, feeds treats to his cats, and peeks at the market monitors in the library adjacent to his bedroom. He lives in a magnificent villa overlooking the ocean with his wife, Sue, and most mornings he kisses her goodbye without waking her up. He eats two scrambled eggs and prepares a to-go box of Special K with blueberries, which he consumes as he drives himself to work along the Pacific Coast Highway in a black Mercedes, controlling the steering wheel with his knees.
He collects a Starbucks black eye (“it’s got two shots of whatever they shoot it with”), makes his way to his U-shaped desk in the center of Pimco’s trading floor, and activates his seven monitors: 7- and 10-year Treasury futures, sovereign credit-default swap spreads, corporate bonds, stocks, cash Treasury bonds, and e-mail.
