......Stop poo-pooing the long-term investing.......
Fair point, a balanced whole-life plan has both investing and trading. A good investor must plan to never sell. A good trader must plan to short as well as long.
I am a trader as far as active speculation is concerned but I already made 4 major long-term financial investments in my life - a degree-level qualification, a career based on this, the property I live in and the occupational pension that came from the career years. This gives me ample security to trade like a maniac.
However, though the market has fallen, this ain't a downtrend yet.