Avoid timing the market from "summary" of Investing for Dummies by Eric Kevin Tyson
Trying to time the market is one of the most common mistakes that investors make. It's tempting to try to predict when the market will go up or down, but the truth is that no one can consistently forecast the future movements of the stock market. Even professional investors with years of experience struggle to accurately time the market. Investors who try to time the market often end up buying high and selling low, which is the exact opposite of what you want to do as an investor. This strategy can lead to significant losses and missed opportunities for gains. Instead of trying to time the market, focus on a long-term investment strategy that is based on your financial goals, risk tolerance, and time horizon. By avoiding the temptation to time the market, you can reduce your stre...
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