There are several critical factors needed to be a successful market timer.
Money does not accumulate in your account without some work on your part. In fact, market timing means pitting your emotional skills against those of the tens of thousands of other traders.
Most individuals who invest in the stock market lose money. Many are not aware of that. Most investors and traders follow the majority (the herd) which usually buys and sells at just the wrong times. They buy at tops, sell at bottoms, make emotional trading decisions based on news events.
The "herd" does this for a reason. At the time they make their decisions, they "think" they are right! Emotions are powerful persuaders.
This means, for "you" to be successful, you must be able to see past those urges to buy and sell, which will happen to you just as they happen to everyone else. If you can do this, you can succeed at market timing.
But do not despair. Successful timing is not hard. You just need to follow certain rules of trading. Here are some important (critical) rules for market timing success. [Read full article]
Money does not accumulate in your account without some work on your part. In fact, market timing means pitting your emotional skills against those of the tens of thousands of other traders.
Most individuals who invest in the stock market lose money. Many are not aware of that. Most investors and traders follow the majority (the herd) which usually buys and sells at just the wrong times. They buy at tops, sell at bottoms, make emotional trading decisions based on news events.
The "herd" does this for a reason. At the time they make their decisions, they "think" they are right! Emotions are powerful persuaders.
This means, for "you" to be successful, you must be able to see past those urges to buy and sell, which will happen to you just as they happen to everyone else. If you can do this, you can succeed at market timing.
But do not despair. Successful timing is not hard. You just need to follow certain rules of trading. Here are some important (critical) rules for market timing success. [Read full article]
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