Stop trying to time the market! You aren’t as smart as you think you are.
As the legendary investor Peter Lynch once said, “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” If professional traders can’t time markets correctly, neither can you. https://www.barrons.com/articles/dont-time-the-market-51575059587
How do you think the rich get richer? By timing the market, not timing is for idiots and suckers.
Actually, the opposite. The richest investors in the world (including everyone’s beloved Warren Buffet) explicitly state that they do not try to time the market, and rather follow a value-investing strategy. https://www.cnbc.com/2018/05/08/warren-buffett-says-he-never-tries-to-time-stocks-i-never-have-an-opinion-about-the-market.html
Buffet has been holding a lot of cash recently Go read about it
What makes you think professional traders can’t time the market ?
The fact that they haven’t ever consistently done it. Find me a counter example. https://www.institutionalinvestor.com/article/b1ck6rht2kz8x1/No-You-Almost-Certainly-Can-t-Time-Markets
They don’t time the market in the sense of what most people think timing the market means. You’ll find that most quants and traders, left to their own devices, will do mostly DCA.
I don't time the market, just automatically send my paycheck to coinbase.
This poll is the perfect example of buffets quote about how smart people have the hardest time accepting that they can’t be above average at something. Guess what, being “average” Or in this case, just sticking with the index, is going to put you way above average already.
Are you intertwining timing the market and beating the market here
I’m referring to people that are currently not participating in - or even shorting - the stock market in an attempt to beat its returns due to a belief that macroeconomic trends are warning of an imminent market correction.
That’s too broad a definition. I’d say behavior that are decreasingly rational are as follows: 1) hold on to your money for a better entry point because you’re thinking about long term investment, 2) trying to figure out the best possible time to sell (you have a good chance of doing ok to within a factor but exactly is impossible), and 3) shorting because you think a crash is long overdue. Note however that with the current leadership and crazinesses in the marketplace there is so much volatility that you’ll probably make money both ways if you have risk appetite and a little patience, or lose money both ways if you panic too much.
Timing the market perfectly every time I trade . Not guessing the direction though.
There are ways to actively invest that aren't "timing the market"
There will be a major top and since you cannot time the markets you will fall of the cliff with everyone else. Only the few can sell at the top. That is by definition.
The poll is missing the option "I DID NOT have sex with her".
I did naaaaht hit her