“Markets are different now”
“Markets are so much more volatile now”
“You can’t time the market”
These statements are all false. They are alibis for failures.
Markets are the same as they ever were. The losers are saying that human nature has changed. Really? This is just nonsense.
The same people just simply don’t know the history of markets. Quick, show me a market character that has never happened in the past.
Study the history of markets and you will that every type of market that exists today has existed in the past.
Are markets more volatile now? Probably not. I would actually argue that they are less volatile!
You see, markets are deeper and more liquid than at any time in the past. More participants means less volatility.
They will tell you that you can’t time the market. What nonsense.
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Just look at the track record of trend followers. Here is a group of people who consistently beat the market through market timing. D they predict the market? No. But they make money by timing the market.
I’m one example. Timers Digest ranked me the top bond and gold trader for three years. Can anyone say that was luck? It’s possible but not likely. I came in second for three years as a stock market timer to Don Walanchuk who has consistently crushed the market as a timer.
The people who say that you can’t time the market should rephrase the statement to simply say that they can’t time the market. They shouldn’t project their ignorance and perhaps failure onto others.
One should never blame your trading failure on outside factors.