I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

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Tuesday 27 March 2012

Investing vs Trading (5) - Key differences???

Read? Investing vs Trading (4) - Two great attributes of long-term investors

The more I read on those debates on investing vs. trading, the more I am convinced.

The key differences in good investors and good traders.

Good investors: They have guts and patience. When it is time to act on their ideas and belief, they dare to bet big.

Good traders: They have great skills in market timing and consistency is the way to go.

I think it is harder to be good traders than to be good investors.
Posted by Createwealth8888 at 10:51
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1 comment:

  1. coconut27 March 2012 at 21:28:00 GMT+8

    good investor - no (need) skill in market timing and not consistent

    good trader - no guts nor patience, no idea of their own.

    traders are usually more mechanical driven and strategy relience which form the trading system to produce consistency.

    investor, er i don't really know, may be more fundalmantal basis and time is all they need.

    ReplyDelete

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