As investor who has gone through many business and market cycles in the past 19 years of investing , Yes ! I still made a terrible mistake and succumbed to our own biases in trying to time the market.
Although we still can feel some ripples effect from US Presidential Election from time to time but I think its impact on stock market has mostly subsided, as we could see that Dow Jones Index rebounded strongly after that and keep trading at record high recently.
In the past two weeks, I keep pondering on what I have done in the day of result announcement of US Presidential Election.
While staring on the screen of plunging indexes ( where DJ future was down by almost 800 points at one time ) , I have made a terrible mistake by selling some of my stocks in hopping to buy it back later at lower price . ( ie. “market timing “ ) ...
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