InvestorQ : Is it important to be able to predict the market to be a successful trader?
Sadaf Khan made post

Is it important to be able to predict the market to be a successful trader?

Answer
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sarah Leo answered.
2 years ago


Can someone be a successful trader if they cannot predict the market? To begin with, you got your assumption wrong. When we focus on the difficulty of predicting markets, we tend to forget a very basic question. Is it really essential to predict the market; and does your performance depend on that? How many times have you made money out of predicting the markets? Most likely, the answer is that you have never made money by predicting the markets. You actually do not need to obsess about predicting the market. It has been proven that in the long run, identifying tops and bottoms of the market make a small different to your returns. As an investor your focus should be more on time than on timing.