The Fast Money e-newsletter is always interesting in one way or another. The show is one of the few that I regularly record, but the newsletter touches on off-camera stuff, too.
Guy Adami, for example, touts the benefits of yoga. Yes. When I saw the headline, I thought it was going to be a summary about lululemon (LULU). Instead, Adami — who has been deadly accurate about the market's fluctuations through the past few months — writes about his morning routine.
TRADING AND YOGA
In these volatile times on Wall Street, it is important to maintain your composure. That's why I find that nothing prepares me better for a busy day of trading than practicing yoga for an hour each morning. Yoga helps me find my center and clears my thoughts. When the market is up one minute and down the next, you can lose a lot of money by being too impetuous. You can't chase the tape; you need to think ahead of it. Of course, you should make adjustments to your portfolio here and there to reflect market realities, but your overall strategy or trading thesis should not be changing day to day. If it does, yoga may be the cure for you. Why? Because by practicing yoga, I get rid of my nervous energy. An hour of yoga in the morning will allow me to keep a level head for the rest of the day. Furthermore, yoga has improved my ability to focus intensely. Be it on a pose or on a trade, intense focus is the key to success.
Maybe Dylan Ratigan will get Adami to do a bit of yoga during the show. Wearing lululemon gear. With Erin Burnett and Melissa Lee doing the downward dog alongside him.
Friday, August 17, 2007
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