Yeah, that or get ready to change strategy... Looking at my 401k - I selected the most aggressive fund I could get when I was working- it hummed along at a very respectable 10-15% a year until 2020 when it returned 97.66%. This year it's already up 4%. Based on this, I am fully aware that the wild success of my personal trading in 2020 is a fluke, one that I may be able to replicate in 2021 to some degree, but my newbie pattern of buy-oops-hold-sell won't cut it in flat and declining markets. Humility is the first step to learning.
Probably the only person who did that was/is Elon Musk. Winning the powerball beats investing is a similar statement.
Investing beats trading for like 90% of the generation population since only 10% of traders are profitable. Those 10% earn way more than those investors though since the earn the profits of the 90% losers (minus comms from the platform) and a select few traders make insane amounts of money (7 or 8 figures annually).
Best is to diversify, after living cost: 10% to charity preferably directly not via charity funds. One must give back some money to society 10% to physical gold coins regardless of current gold price and hide them in the forest (joke? Not!), avoid paper gold ETF and so on 20% to increase daytrading margin 10% to high risk internet and IT related projects (should be ready to 90%+ failure rate) 50% to conservative direct business investment, not exchange listed. Agriculture/food is good 0% to the real estate, the worst enemy of investor JMHO
No question investing beats trading for 95 percent of those who dare to go mano y mano with Mr Market... Of that 5 percent, half the success rate goes to the best traders in the world,and the other half are the unfortunate investor who happens to get in at a major top
%% She should have read IBD books/long a go [Investors Business Daily books]; GE was one of the few stocks he came out against + told why...............................................................................................
TSLA so close to going under and 100% loss, but year it's a good return, it's stock split a few times aswell, so they profits are more than you think. Day Trading = Profit I can withdraw every day = food and bills paid sadly not enough for hookers so not living the dream yet LOL
This isn't really how it works. A good chunk of trading losses goes straight to the gains of long term investors ( including large shareholders of the more successful companies ). Think of how many short term traders were short the SPX from 2009-2014.