Question on war chest and market timing

[paullow]

war chest n market timing, in order to use these effectively, one needs to master adequate control of his emotions n psychology, in addition to having a good view of where the market is heading. To buy at the deepest trough is not wasy, as how many can predict where that is, let alone utilize his war chest at that scary moment.
In order to reap the greatest rewards, three things needs to be present 1) warchest 2) correction or even close prediction of when the trough is 3) execution of plan
personally, i recognise that i am unable to predict market trends n also most probably unable to execute my plans at the trough even if a warchest is available to me there n then. Thus, personally i adopt an approach of having a portfolio which produces dividends every mth, such that it will keep adding units every mth. If market goes up, lesser units are added. If market goes down, more units are added. The feeling of getting passives mthly will sooth n calm ones nerves during market scary moments. its an investment which focuses on "buying" tomorrow's cashflow using today's money. absolute portfolio values does not matter too much as these are a function of inevitable normal market fluctuations.