Focus On The War, Not The Battle
Why do most traders lose most of the time?
Why is it so many investors will stay with a position as it loses, hoping it will bounce back, instead of cutting their losses? And why do those same investors, when they have a winning position, take quick profits instead of letting the trend play out?
It is all about emotions. Not wanting to lose. Wanting to feel good about a profitable position. But unable to make consistent profits.
It's Not The Battle, It's The War
Too many market timers believe their last trade is a reflection of just how good a timer they are (or how good their timing service is).
This boils down to one word - expectation.
If you expect to win all the time, or even the large majority of the time, you're setting yourself up for a lot of heartache.
And the sad fact is, if you believe market timing is about winning all the time, you are also setting yourself up to be one of those many thousands of losing investors.
To win as a market timer, you must focus on the war - not the battle.
The fact of the matter is, this is to a large degree a game of odds, and should be played over a long period of time. Those market timers who recognize this fact, and do not pull out during a losing position will be the winners in the end.
Market timing is about beating the markets, and all those "other" thousands of losing investors, over time. It is about following a timing strategy through thick and thin, and profiting over time.
https://www.fibtimer.com/subscribers/fibtimer_commentary.asp