Time In The Market, or Timing The Market??

http://sgmusicwhiz.blogspot.com/ <-- If you may want to read MusicWhiz post on "Time In The Market, or Timing The Market". Quite a good debate happen there. Now, let me share my version on "Time In The Market or Timing The Market" ..

What is the primary reason to buy a stock?

. The stock is under-valued and offers good margin of safety
. The stock has incredible dividends for many years
. The stock has perfect technical entry
. blah ...

So are these really primary reason to buy a stock?

I don't think so. You buy the stock to make a reasonably high rate of return on capital (ROC) at an acceptable level of risk to you.

In simple words, the primary reason to buy a stock is to sell it.

Since I don't believe in STOP LOSS, the moment after I have bought a stock; it will spent its Time In The Market while I am Timing The Market to make a reasonably high rate of return on capital (ROC) to compensate me for taking the level of risk that is acceptable to me and I will be doing "Timing The Market" to buy the next stock. The cycle goes like this: Timing The Market ---> Time In The Market ---> Timing The Market --> Time In Then Market and so on .....

You may want to tell me your version of the story. Cheers!