I see this comment from time to time on different threads. Does it make any difference how you make your money? Trader - Goal: Profit from short-term price movements - Timeframe: Minutes to weeks - Tools: Technical analysis, charts, patterns - Mindset: Fast, reactive, risk-managed Investor - Goal: Build wealth over time through ownership - Timeframe: Years to decades - Tools: Fundamental analysis, company research - Mindset: Patient, long-term, value-focused Speculator - Goal: Profit from high-risk opportunities - Timeframe: Varies—can be short or long - Tools: News, tips, trends, gut feeling - Mindset: Opportunistic, controls risk So where do you draw the line? Who is a trader rather than an investor and what about turning a trade into an investment because it's underwater. Where do I fit as someone who would like to hold a stock for a long time but has exit rules that control risk?
That sounds like long term trading to me. Like long term trend following but only in stocks from the long side.
Nobody around here can read a chart lol...so it's not elite in that respect..it is Elite options. Very knowledgeable options crowd.
It's doing exactly what I said it would. ??? This play was legging into the retrace for maximum premium. I started a whole topic about it lol. I'll update it tomorrow I think the trade will be selling an itm call next week...and have price bounce back.
Dude loses >2X his premium three times in three put shorts. He's literally the worst trader in the history of history. It's ok to be wrong... but it's monumentally stupid to be right and still lose.
You think a paper loss is a loss? Lol the whole point was maximum premium. That's why I legged in with atm and itm puts. I literally gave the play-by-play in my MARA topic lol. Here it is...first I nailed the earnings perfectly then posted my trade.