3 ms·
Market timing both works and is bad advice for the average person by definition (it takes being way better than average to be a successful market timer). Also
by medvezhenok 4y ago
Market timing both works and is bad advice for the average person by definition (it takes being way better than average to be a successful market timer).
Also you're competing with people who have access to insider information (even though they're "not supposed to"), so it's kind of tilted against the average person; though not impossible to still come out ahead.
It's similar to poker. For the average person playing poker is a -EV game because of rake, but if you're skilled, poker can be very much +EV.