mooseolly
High Supremacy Member
- Joined
- Mar 21, 2009
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oic, i newbie so not sure of most history, thought the april case is normal for crash
no wonder during april my friends laugh at me when market down more than 5% and i havent buy in, in the end i laugh the loudest cause my beginners luck caught the bottom
Successful investors don’t always try to catch bottom because nobody knows where is the bottom. Even if you can catch once, you cannot catch them indefinitely and consistently over a long period of time.
The most common practices is to buy in tranches at support level. That way the market won’t fly off without you getting in and you can also get a better average price.
This is my favourite graph:
Investors can make more money by staying in the game than hopping in and out because majority of the people are bad at timing, consistently.