Market Timing

[harryg]

I've alluded to this before, I think it's vital to truly understand it to do well in the stockmarket.

Furthermore, just like long-term charts of the indices, it can serve as a reminder not to panic unduly.

[SOL]

@harryg

Very pertinent information and very timely at that.

[SOL]

I've alluded to this before, I think it's vital to truly understand it to do well in the stockmarket.

Furthermore, just like long-term charts of the indices, it can serve as a reminder not to panic unduly.

The table in this post from Harry should be viewed during stock market corrections or posted in a place where you can glance every now and then. It clearly illustrates the problems associated with focussing on the tree and forgetting the forest

[phsmith1616]

I've alluded to this before, I think it's vital to truly understand it to do well in the stockmarket.

Furthermore, just like long-term charts of the indices, it can serve as a reminder not to panic unduly.

This chart(or something like it) is what changed my way of thinking years ago. I have 20+ years before I even think of retiring and therefore I really feel time is on my side. SOL and team have given me an incredible confidence that I'm in the right stocks, so all this noise and volatility have no affect on me. I accumulate stocks when the opportunity arises, only with money I don't "need", and focus on trying to create different income streams to raise more money to invest.

Thanks for posting this.

[Yodean]

https://youtu.be/uni_Ck5yf-A?t=13

*****

If one is interested in pure swing-trading positions (i.e. not options, not HODLing, etc.), the above video may be of some interest.

Long video, but can be listened at 1.5x easily. Lots of interesting info and good tips that echo the TIT philosophy in many respects, including: deploying in multiple lots, using Horde Psychology to your advantage, the importance of discipline, how computer algos manipulate retail traders' perception of technical levels, self-observation of one's emotions, limiting downside risk, the power of simplicity in technical analyses ... the list goes on.

[AstuteShift]

A lot of it also comes down to actually observing the market and developing that feel also.

Then comes the sentiment, the capital flows, the way wallstreet operates with its tactics and how the public is led to slaughter

Another is constantly fine tuning tools, TA has to be adjusted and also models always get broken.

The biggest hurdle I see people get into is having poor judgement and having too much noise in one’s life

If your life is one big drama fest, have a crappy marriage, divorce or whatever then you will lose. You lose even faster listening to the mainstream media or any media for that matter that doesn’t offer edge or critical insight

This is why 98% now will lose, likely 99% soon. I’m looking forward to the bloodshed

[Yodean]

If your life is one big drama fest, have a crappy marriage, divorce or whatever then you will lose.

Six minutes, somewhat funny - about marriage in and out of the markets. I found it mildly insightful, as well.

https://youtu.be/iHB4QeFjYXo?t=1

[harryg]

Six minutes, somewhat funny - about marriage in and out of the markets. I found it mildly insightful, as well.

"You can always find evidence to prove your point".

Good clip, sticking to an idea even when proven to be incorrect is more about ego (wanting to be right), than about wanting to make money. Important distinction.

[Do-or-Die]

Three good clips on the topic of marriage

https://youtu.be/qNQ2kV1OTPU

https://youtu.be/5ocbZhRQS9I

https://youtu.be/kp4FLeY6F9g

[Yodean]

... sticking to an idea even when proven to be incorrect is more about ego (wanting to be right), than about wanting to make money.

Yeh, adopted a new practice fairly recently: I look in the mirror and ask myself, "would I rather be right, or would I rather be more profitable?"

Often the two are at odds with one another. Sometimes I substitute "happy" for "profitable." Or "ninjedi-like."