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Weekly
Report from the FibTimer Stock Market Timing Services
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Job Search: Market Timer Needed
Requirements For The Position
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 to successfully
time the markets.
Let's see... what would the ad look like?
"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 trades that may seem
like mistakes, and a string of small losses
won't drive them up the wall.
| It is often
the trade that is hardest to take, that winds up being the most
profitable. |
- 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.
- Candidates must be willing to pay attention
to their investments every business day without fail.
What Each And Every One Of Us Face
Okay.... maybe it is not a job that we would see advertised anywhere. But
the job requirements tell us a great deal about what each and every one of
us face as market timers.
Market timers face a constant psychological battle. Prevailing sentiment,
not to mention our next door neighbor, is constantly telling us to cave in
and go with the majority. There is comfort in following the majority, at
least for awhile.
But 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 market timing services;
The Perfectionist Trader
Focus On The War, Not The Battle
Quick Profits vs. The Virtue Of Patience
Reaping Rewards Over Time
Emotions And Trading
Controlling Impulses Key To Market Timing Profitability
The Irrational Investor
Two Emotions That Can Influence Your Trading
A Market Timer's Worst Enemy
For prior commentaries still posted on the website, Click
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© Copyright 1996-2010, Market Timing Strategies, 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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