Re: Buy and Hold vs Market Timing
I think you have to do your own work with regard to all trading decisions. The main reason is that you must have the strength of your own convictions and beliefs to act on them in a way that will produce profits.
Once you take a position, you become a member of a crowd, which is driven by primitive emotions.
This tests your beliefs as you are potentially swept along by the crowd's waves of strong emotion.
|