Trading or Investing? - Why You Are Failing With Stocks - How to Become a Millionaire

Trade or Invest in Stocks? Can you do both? Today, I share what I do and my thoughts and opinions. At the end of the day, do what works for you. I personally invest in high quality stocks long term and I have a separate, smaller trading account. I successfully do both, and you can too. #Discipline and #psychology are important to both trading and investing. Traders jump in and out of stocks within months, weeks, days, even minutes, with the aim of short-term profits. They often focus on a stock’s technical factors rather than a company’s long-term prospects. What matters to traders is which direction the stock will move next and how the trader can profit from that move. Investors have a longer-term outlook. They think in terms of years and often hold stocks through the market’s ups and downs. Solid due diligence ( $DD) and conviction are required. Of course, tax ramifications are also a concern.

​This is not financial advice. Please make your own decisions and consult your financial advisor and/or accountant as needed. Cheers! -Eric