Dogma of Blindly Adhering To Time In The Market Mantra

I find it amusing when I hear the frequently non-traders often repeated mantra, "Time in the market is more important than timing the market." Blindly adhering to this dogma in the way of incoming rampaging train (market) is a sure path to swift financial ruin. In the realm of day trading, it is even more important.

The mathematics is 50% plunge in the price will require the price to climb back up 100% just to breakeven.

The ability to avoid stubbornness distinguishes a profitable trader from the 99% of the herd. Nothing is cast in stone as far as market is concerned.