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