Market-timing is hardly ever successful. Yet everyone, whether they are market professionals or complete amateurs, will believe themselves experts at timing, experts at when to buy and sell stocks and bonds.
Occasionally investors will actually luck out in their efforts. Or merely boast how they bought or sold “just in time.” But you can be assured that this success is temporary. If they are truly lucky to have sold in time, they most often never will get back into the market in time.
My observations confirm this. From having studied over 1500 investing strategies over the years, along with their pros and cons. More importantly, I have investigated the discipline of strategy use, Discipline is much more essential than strategy usage and upsets the market timing plans of the overwhelming majority of investors.
Iron-clad discipline must be part of each strategy. The reason to buy a security has to be an integral part of the eventual reason to sell.
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