Sure but the whole point was that a buy and forget strategy is way better than a clicking the buttons every few minutes and glued to the screen one.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
I have to say, investing beats trading
- Thread starter Pekelo
- Start date
Sure but the whole point was that a buy and forget strategy is way better than a clicking the buttons every few minutes and glued to the screen one.
The length of investment/trading, whether you term it short or long, is also very subjective. For instance I scalp 5 minute charts and for long term option I keep some positions open for weeks together. For me that’s long, but for some others it still might be a short term thing.It's the same situation with me. I am also an active day trader in the forex market and have invested in ETFs for the long term option. I have seen that when you are investing in distinctly different markets, the parameters and strategies change considerably. For example, I need very low spreads for trading currencies so I always use low cost brokers like XTB, Fxview but for the range of ETFs which I require, I go with IG. So it is not difficult to handle multiple brokers because long term investment is passive. If our research is solid then we don’t have to manage the long term funds actively.
Whether long term or short, the risk of losing money is real in both the cases. We never know when the next crisis comes at which cost. The stock market gurus had predicted the crisis of 2008 but they never knew the extent to which many of the traders and investors lost. During the pandemic I was also saved by the trailing stop losses by my forex brokers. This year I have also started to have long term options and invested my money in paper gold through CityIndex.
It is a great advice to diversify your portfolio as much as possible but without overstretching the limits. If you make your presence in diverse markets but are not able to actively cater to them then obviously you will lose money.Whether long term or short, the risk of losing money is real in both the cases. We never know when the next crisis comes at which cost. The stock market gurus had predicted the crisis of 2008 but they never knew the extent to which many of the traders and investors lost. During the pandemic I was also saved by the trailing stop losses by my forex brokers. This year I have also started to have long term options and invested my money in paper gold through CityIndex.
The diversification should not be only in terms of the markets but even multiple brokers. It’s good to have capital split up in different broker accounts to balance out the risk. Like I am using Saxo bank, Fxview, XTB, Plus500, etc.It is a great advice to diversify your portfolio as much as possible but without overstretching the limits. If you make your presence in diverse markets but are not able to actively cater to them then obviously you will lose money.
I sold 1000 shares of MELI in 2008 @14 and kept trading DRYS , and you all know how it turned out , investing does beat trading.