Many novice investors confuse market timing and valuation discipline. Market timing is frequent entry and exit into the market based on fundamentals, technical analysis, macro events, and sentiment indicators. Valuation discipline is the systematic buying and selling of individual securities based on one’s assessment of value vs price. If one’s estimate of value is high relative to price, one should buy. If one’s estimate of value is low relative to price, one should sell or at least trim. Valuation discipline is an integral part of portfolio management. Market timing is not. $Tesla(TSLA.US)