Everyone loves to time the market, especially when they see the chance to buy low and sell high. This is because they think that the foreseeable future will have a slight market correction, hence selling it now and buy it back when the market drops. This is actually an ideal scenario when one successfully to do so, because it is almost impossible to time the market. The writer believes that most people will predict that market will have a big correction when US is having their president election, but reality is often disappointing that market went the other way, and boost KLCI from 1450 to the highest 1520 in a week.

For the writer, investors should never time the market, where they sell all their stocks when they “predict” the market will drop in weeks, or use all their cash when “predicting” the market will rebound. This is because humans are unable to predict anything, predicting something will just everything complicated. If you sell all your holdings when market start to drop, and you predict it to drop lower, the market may rebound immediately, to the point that all your initial stocks become much more expensive. On the other hand, if you used up all your cash and bought everything when the market starts to rebound, hoping that the market may surge more, it may be the opposite and drop much lower than before.

In short, never time the market and hope for the best scenario. Manage your risk, sell only some when the market starts to drop and buy only a portion when any rebound happens.

每个人都喜欢预测市场，特别是当他们看到能够买低卖高的机会。这是因为他们觉得在近期市场会有小回调，而想着再高价卖并在低价时买回。如果成功，那便是最好，可是人是几乎不可能预测市场的走向的。笔者相信很多人都觉得在美国大选的期间，股市会大跌，但现实总是让人失望的；因为市场反而在那时的一个星期里面从1450点涨到了1520点。

对笔者来说，投资者不应该预测市场的走向。他们不应该想着 “如果下两个星期股市会跌，那我现在先卖完所有的持股”，也不应该想 “现在市场开始反弹，我要把所有现金都拿来买股”。其实，预测市场不但不可能，更会让你更烦恼。万一你觉得市场会回调而卖的股也可能立刻反弹到你买不回的价钱；反之你觉得在低点时买完所有的股，也可能再跌得更多。

总结，永远不要预测市场然后希望最好的情况出现。好好的做好风险管理，在市场开始回调时卖掉一些，也在市场开始反弹时买入一些。

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