Maintaining Stock Market Discipline

Profitable market timers are disciplined.

They control their impulses and feelings, and this allows them to execute a timing strategy by never failing to make every buy and sell signal the strategy produces.

The disciplined market timer is decisive. Many buy and sell signals are made during times of market volatility and often contradict the majority opinion. Going against the prevailing sentiment is tough, but critical to success.

The undisciplined market timer, in contrast, wavers. He or she may stick with a timing strategy occasionally, while going a different way at other times.

Discipline is indeed a key ingredient to success, but not everyone has a high level of self discipline. It is worth recognizing where you stand on this trait, and if you lack discipline and self control, work to build it up.

Well Studied Personality Traits

Discipline and self control are well studied personality traits.

Some people are highly disciplined and very self controlled. They scrupulously follow rules, and are careful to control their impulses.

You know the type; they pay off their credit cards every month, are never late for an appointment, and carefully plan every detail of their lives.

Although these characteristics may be ideal for trading, there's a downside:

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How is your discipline and self control? Do you have trouble sticking to a timing strategy? Do you hesitate when faced with a buy or sell signal and look for reasons to justify "not" taking the trade?

Do you long for more discipline and self control when it comes to your timing?

It's not necessarily the case that a disciplined market timer is disciplined in all aspects of his or her life, but it helps. The life strategies we use everyday may bleed over into our investing life.

If you find yourself second guessing timing strategies that you are following, try to remember that the key to timing success is making "all" of the trades.

It is necessary to recognize that timing success is achieved by taking not just those trades which you agree with, but also by taking the tough trades. The ones which may even seem foolish at the time.

There is no way to know "ahead" of time which buy or sell signal will be the one that is the beginning of the next big trend. The one you do not take, is usually the one that makes all the profits.

The Hare and the Tortoise

Timing success is similar to the story of "The Hare and the Tortoise." The hare may be fast, but the tortoise won the race because it never slowed, never stopped, but just kept moving forward.

Recent articles from the Fibtimer market timing services;

• Following an Unemotional Trading Plan Equals Profits
• The Desire For Immediate Success
• Wishing Upon a Star
• Following A Market Timing Strategy
• Successful Market Timing With FibTimer
• A Market Timer's Worst Enemy
  
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