There’s a saying that’s widely circulated in trading circles—

“October is the most dangerous month for the market.”
But if you ask which months are safe? The answer is: none. January is dangerous, February is dangerous, March is still dangerous... all the way through to December, it’s a year-round affair.

The kicker is the second half:
In my life, I’ve only done two things right—
First, stay away from the market;
Second, don’t expect yourself to stick to the first one.

It sounds like a joke, but anyone who’s survived a few cycles on an exchange understands.
The market isn’t lacking in opportunities; what’s lacking is the self-discipline to hold back. Many people don’t lose to the market, but to the wishful thinking of “this time is different.”

In the end, true experts aren’t those who predict ups and downs correctly the most times, but those who know when to sit on their hands.