[quote=flu]
I’m not trying to bust anyone’s chop here. Just trying to understand what the heck is the difference between someone calling “top” 2 months ago and getting out for the sake of asset protection “just in case” something bad happens, and someone calling “top” right now, with the exception that one of us guessed right?
I don’t get it.[/quote]
Umm.. so you are now calling to stay in the market? I’m just a little superstitious.. I remember the market seems to have a way of moving contrary to your suggestions-actions. Almost like it was rigged specifically against someone.
[quote=flu]
It just seems like we’re calling market timing as a decision that doesn’t go the way you thought it would go and as a result of your incorrect guess, that was market timing , a poor decision..
Versus a decision you make to get out of the market in whole or part at a time when the market directions goes the way you guessed. Then that’s not market timing.. that’s just wise financial decision making for asset protection.
I guess I am dumb and just don’t understand the difference.
[/quote]
Both are market timing. The first one is unsuccessful market timing, the second is successful market timing. — also note the wording of ‘goes the way you guessed’. It could also be determined on what ‘inputs’ contributed to your decision.
