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Weekly
Report from the FibTimer Stock Market Timing Services
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Market Timers Wanted!
Have you ever wondered what the job requirements would be for the position of "Market Timer?" Assuming such a position existed, would you be qualified for it?
Such requirements would obviously be the same as those needed for anyone who successfully market times the markets. These are characteristics common to
all timers (and traders) who are profitable.
Let's see... what would the ad look like?
Requirements For The Position
Market Timer Needed
Candidates must be able to go against the prevailing opinion.
Candidates must be able to take a bullish position when everyone is bearish, and take a bearish position when everyone is bullish.
Candidates must be independent and self-assured. They don't worry about how they are doing compared with other investors.
Candidates must be able to accept that sometimes their investments will underperform the market, knowing that over time, they will outperform the market.
Candidates must be able to accept that their timing will require them to make frequent trades that may seem like mistakes, and a string of successive small losses won't drive them up the wall.
| "As market timers, we go against the herd. It may be tough at times, but we know that the profits realized over the years
are well worth the battle." |
Candidates must be able to adopt a strategy for the long haul and stick with it, even when at times it is discouraging.
Candidates must be able to able to obey buy and sell signals, which often are issued against the prevailing sentiment.
Candidates must be able to ignore the mass media, which raise emotions and thus increase the risk of not executing a trade. It is often the trade that is hardest to take, that winds up being the most profitable.
Candidates must be decisive and willing to move at a moment's notice, without second-guessing, when a timing system calls for buying or selling.
Constant Psychological Battle
Maybe this is not a job that we would ever see advertised in any employment ads. But the job requirements tell us a great deal about what each and
every one of us face as market timers.
Market timers, as well as all successful traders, face a constant psychological battle.
Prevailing sentiment, news events, publicity seeking analysts pushing their own portfolios, not to mention our next door neighbor's opinions, are constantly telling us to
cave in and go with the majority. There is comfort in following the majority, at least for awhile.
But market timers must walk alone.
They can never give in to these pressures because just when the urge is greatest, the next
profitable trend is launched. We must be on board. No trade can be missed.
Against The Herd
Yes... sometimes the majority are right, especially during a long trend. But never forget that the majority are wrong at market tops as well
as market bottoms, when volume swells and everyone is moving in the same direction with herd-like mentality.
As market timers, we go against the herd. It may be tough at times, but we know that the profits realized over the years
are well worth the battle.
Recent articles from the FibTimer.com market timing services;
Focus On The War, Not The Battle
Controlling Impulses; Key To Market Timing Profitability
Trading With Discipline, Key To Market Timing Success
Instincts vs. Market Timing Logic
When Your Money Is On The Line, Market Timing And EmotionsQuick Profits vs. The Virtue Of Patience
To Conform Or Not To Conform? Breaking Away From The Masses.
From Euphoria To Despair, Market Moods & Market Timing
A Market Timer's Worst Enemy
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© Copyright 1996-2005, Kollar Market Analytics, Inc.,
All Rights Reserved.
FibTimer reports may not be redistributed without
permission.
Disclaimer: The financial markets are risky. Investing is
risky. Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy or
sell any security. Opinions are based on historical research
and data believed reliable, but there is no guarantee that
future results will be profitable. |
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