Report from the Fibtimer Stock Market Timing Services
Wishing Upon a Star
you had a million dollars, what would you do?
You wouldn't have to ever work again. You could just sit on the beach and relax.
You could pay all your bills and set your family up to live comfortably forever.
What else could you wish for?
When you wish upon a star, if you're like most people, financial freedom is
one of the first things on your list.
A crystal ball, perhaps. Or tomorrow's newspaper, just like on the television
show "Early Edition." You would be able to know what the masses were going
to do tomorrow. You could anticipate their every move with unfailing accuracy.
Think how easy trading would be? Wouldn't it be nice to be able to predict
In The Wishing Mode
It's fun to wish that we could trade more profitably, but beware, wishing "could" be
a sign of desperation.
When you are in wishing mode, you may passively wait instead of taking decisive
action. Hoping for miracles and wondering if you'll ever see huge profits.
But if you take proactive steps, you won't have to wonder. Profitable market
timers do not "wish" or "wonder." They act. What is the number one proactive
step? Following a tried and true timing strategy.
I am certain the market has topped and pull all
my funds out, you can bet that will be the day
a new rally starts."
Many novice market timers have trouble following a strategy. They make the decision
to follow the plan, but when the time comes to execute a buy or sell signal,
often at odds with current market sentiment, they find reasons "not" to make
the trade. Or they delay executing the trade, and sometimes make a late entry
after watching the trade work.
But the consistently profitable market timer maintains discipline, and that means
not only deciding to follow a solid timing strategy, but also trading it through
thick and thin.
With a tested strategy you can trade without fear. You do not need a crystal
ball. A good timing strategy works across a variety of market conditions. It
may not win on any single trade, but its methods give those who follow it that
all important trading "edge."
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When trading the markets, do you often feel that Murphy's Law says it all: "Whatever
can go wrong, will go wrong."
Have you found yourself saying, "When I take a bullish position, the market always
reverses and goes down."
Or, "When I am certain the market has topped and pull all my funds out, you can
bet that will be the day a new rally starts."
Surprise! This is "not" Murphy's Law. This is simply a trader who is trading
by the emotions of fear, greed, hope or wishful thinking. He or she is not following
A market timer who follows a good timing strategy may not always have a winning
trade, but they know that the odds place them on the profitable side over time.
Murphy's Law does not apply to those who follow a plan.
Predicting What The Masses Will Do
Can you predict what the masses will do? Sometimes, but not always. Profitable
market timers, however, rely on their strategy. They do not try to predict.
A timing strategy removes emotion from the trading equation, and emotions, as
we know, are the single most common reason that timers and traders lose.
All market timers should be students of the markets. They should study the markets
and develop an intuitive feel for how they move. It is common sense to develop
a good knowledge base when investing your money.
But unless you have magical powers of prediction, a time proven crystal ball
or a star to wish upon, be sure follow a time tested and unemotional timing strategy
Crystal balls are great toys and fun for party games, but they are not tools
for investing your money. Wishing upon a star worked for Jiminy Cricket in the
Disney movie Pinocchio, but it does not work in the financial markets.
Recent articles from the Fibtimer market timing services;
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All Rights Reserved.
Fibtimer reports may not be redistributed without
Disclaimer: The financial markets are risky. Investing is
risky. Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy or
sell any security. Opinions are based on historical research
and data believed reliable, but there is no guarantee that
future results will be profitable.
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