Timing is crucial in trading from "summary" of Reminiscences of a Stock Operator by Edwin Lefevre
Timing, my boy, timing is everything in trading. It's not just about buying low and selling high. It's about knowing when to make your move, when to strike while the iron is hot. You see, the market is like a living, breathing organism. It reacts to the ebb and flow of human emotions, to the pulse of fear and greed that drives us all. And if you can anticipate those movements, if you can sense when the tide is about to turn, well, then you're halfway there. I've seen too many traders lose their shirts because they were too impatient, too eager to make a quick buck. They jump in too soon, before the market has shown its hand. They don't wait for confirmation, for that signal that it's time to pounce. ...
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