Intraday Comments: Will Be Cutting Back On Intraday Posts

July 22, 2008 8:40 PM

Hello readers,

I am probably going to be posting less but still posting. The reason is that I started this as a fun blog, primarily for friends. Then readers came, and I felt more and more of an obligation to post more. The problem is, I work a full time job and I have been spending about 5 hours a day on this site, posting, reviewing charts, see what’s going on, news, etc. etc. It has become almost a full time job and I do it all for almost free. I just wanted to help people out, if possible, and give them another way to look at the markets, but I really did not want another full time job, lol.

I will still post once in a while, but not near the magnitude as I have been. It is just too much work to try and keep up with the markets every single day, look for direction, what is likely to happen “if this and this happens” etc. I want to maybe create a forum on here so readers can discuss what they see and I may throw my 2 cents in now and again. But to attempt to post what I see every day is just too much considering I actually have to work for a living. I may have a change of heart on this again, as I have wrote this before only to delete it later and post again, but the 14 hour days are wearing me out. I had to drink about 6 cups of coffee yesterday morning to even know what day it was, let alone which way the market was going, lol.

Anyhow, look for a post now and again, just not like you have been seeing. I want this to be something I enjoy doing, not “like a job” that it has become. To make calls with any degree of “probability” I feel I have to look at things in depth and see what is going on, but this takes several hours a day, at least. I can’t just casually glance and pick out a number. For instance today in my intraday comments I mentioned early “this feels like it is going to reverse”. Nothing in the charts told me that at that moment. But just watching it over and over for many hours a day, I just smelled it. Having a feel like that takes far more than a a glance at a chart. In fact, pre-open I was convinced we were going to see a rout with the gap lower and bad news. But once I saw the action early on, I quickly thought otherwise.

Anyhow, I will still make posts, just not 5 to 6 hours a day. Well, unless I win the Lotto tomorrow and I can sit at home all day - ha.

Written by Tom@StockBlade.com · Filed Under General Investing/Trading Commentary

Comments

3 Responses to “Intraday Comments: Will Be Cutting Back On Intraday Posts”

vchin on July 23rd, 2008 1:37 am

Tom, truthfully I have to say that I find this news disappointing but I totally understand your situation. Despite my disappointment, I felt compelled to let you know how much I enjoy your site and appreciate and respect what you do here and the reasons for which you do it. Looking forward to reading your future posts even if they will be less frequent. Here’s to hoping you hit it big in the lotto. Cheers.
Tom@StockBlade.com on July 23rd, 2008 11:43 am

Thanks, i appreciate it. I will still post. I just was getting really burned out. Work 8-9 hours a day, then spend 5 hours a day on this….I was like whooaaaa…too much…
Tom@StockBlade.com on July 23rd, 2008 10:46 pm

What I need to do is get in the business - so this is my job, not just a hobby. But everyone wants me to be a stock broker. I don’t want to be a stock broker and sell everyone the same crap lines they are currently sold - “buy long term”, “double down it will come back”, bla bla. I do not consider that really helping anyone - it is just selling.

Anyhow, maybe some rich hedge fund manager will read my blog and think I am clever one day. The odds are about the same as a movie producer finding someones picture on the internet and deciding to make them a movie star, lol.

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