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.
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.
Well, both are entirely different. The prep is different, research is different and they both suit different type of people. For one, investing might be better but not for all. I personally prefer trading, which is why can say that investing might not be best for all.
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.
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.