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>1) don't try to time the market > 2) be greedy when others are fearful Aren't 1 and 2 contradictory to each other. If you don't time the market how exactly
by dominotw 4y ago
>1) don't try to time the market
> 2) be greedy when others are fearful
Aren't 1 and 2 contradictory to each other. If you don't time the market how exactly are you supposed to be greedy?
- pedalpete 4y agoYes, they are contradictory to an extent, which is why I believe it is a powerful strategy to try to balance the two. I believe it's about deciding how aggressive you are going to be at what time. It doesn't mean sit on the sidelines and wait until everyone is fearful and then get in. It's about trying to make one or two great moves now, when everything is down. As things go up, you'll get less aggressive, not more, which is the opposite of how most people react to the markets.
- adammarples 4y agoSo it's 100% about trying to time the market then
- pedalpete 4y agoThat's correct if you are only able to operate in absolutes. I think you'll find life is more nuanced than that