TW just shared with me a very interesting set of statements for traders. Like any other profession, becoming proficient in trading is a combination of hard work and perseverance. What is amazing is that almost all traders will go through the various stages as described by each of these questions. Personally, I could relate to many of them and I will explain my situation one by one. By the time you can relate to everything, you are indeed a true profitable trader. If you notice there is no personal descriptions to the statement, means I am not there yet as a trader!
Based upon an original by Mike McMahon Director of Education Online Trading Academy adapted by Steve Beaumont
1) We accumulate information. Attend seminars, expos and the like, buy books.
Initially, I read many books on personal finance and investment. I also attended a stock trading course.
2) We feel we have researched and now it’s time to trade with our ‘new’ knowledge.
I feel so good that I know something that I previously did not. Felt that I have some “powers”.
3) We learn the way of consistently ‘donating’ and then it occurs to us we may need more knowledge.
Like everyone else, we make money when the market is good, and lose money when the market is bad.
4) We accumulate more information in the same way.
Yes. I always read books 
5) We change instruments that we trade- stocks to indices, indices to options, currencies to futures etc
Yes again. I went for a forex trading course as I felt that I could trade it when stocks are not moving.
6) We go back to the market with updated better knowledge and trade.
I traded stocks and forex.
7) Again the beating starts and the donation continues. Confidence is ebbing, and fear is taking hold
Yes. More knowledge, but still lose in the markets.
8) We start listening to other traders, outside news, tips.
Not particularly so, but I do research on the very elite traders and try to grasp how they become that good.
9) We go back and donate some more
Yes. I always have losses.
10) It is time to switch securities again
I tend to feel my trading system for stocks is better when I lose in forex and vice versa.
11) We need a community of successful traders to work with.
I start to see this as a need, but have not done anything yet.
12) Actively seeking new information that will fix it. Focus is on the problem. We seek education not information, guidance not advice, support not critique.
I am trying to find out about myself. What is my psychology behind all the trades, especially the losing ones.
13) We get education. Now we understand the market, what constitutes a plan, and how financial risk works.
A bit of understanding I would say, but not to the extent that I can implement something useful.
14) Back into the market we see some progress, at last we are getting it
Made some money.
15) As we get over confident the market provides some humility and takes some money back
continue from 14.. but also lose some. Consistency is an issue.
16) Now we truly understand. Trading successfully is going to take more time and more knowledge than we first thought. It is serious determination that will see us through.
Definitely true. I realise if you want to trade, you have to do it with your heart and soul. Spend alot of time on it. Have alot of passion for it. Treat it as a profession, not a money generating activity.
This is the point at which most will give up. Beyond this point is where truly successful traders are made.
17) Now we get serious and start concentrating on a viable realistic method. We reflect back on our education and use it to find the method.
Trying to do it.
18) The method is working with limited success. It is a foundation and now we must improve upon it.
I realised I need to work on my psychology and also understand some fundamentals.
19) We now understand some rules are required, these will make the application of the method stronger.
I realised I need to tailor some rules for myself.
20) It is at this point we need a reliable mentor, continued education. Someone who understands what it takes and can show us method and rules in action.
I attend mentor session regularly, but not to the extent that I review my results with them.
21) We stop trading for a bit, and develop and research our rules.
I have minimised my trading, took a step back and reviewing.
22) We use our mentors guidance to hone our rules. We see our mentors rules in action.
23) We start trading again and with the rules find some success. There is still hesitation in our execution.
24) We review our rules on a regular basis, hold them up to scrutiny modify when necessary. We learn to be proficient with our rules.
25) Now we feel that the threshold to be a successful trader is in sight, we are about to cross over
26) We now take full ownership of our trading result, and it is then we understand our success is in us, not the method
27) Trading continues, we become proficient with our method and rules
28) Education continues giving us an understanding of the effects of our rules and method. Seeing other rules and method in action. Now the books are starting to make sense!
29) The tendency to break the rules still exists and causes our results to be a little erratic
30) Time to go back and research the rules
31) We know we are close, we can taste the success
32) Now we have confidence in our rules and take that to market, obeying our rules for our success
33) The results are getting better, much better infact. Though we still hesitate in executing the rules
34) The results start to consistently show that only violating the rules stops our success
35) We can now see the lack of success is in us. Any tendency not to follow the rules because of fear causes the problem. We now begin to work on ourselves and understand how we work.
36) We continue to trade and the market teaches us more and more about ourselves.
37) We master ourselves, our method and our rules
38) We consistently make money
39) We get a little over confident and the market humbles us
40) We continue to learn our lessons, and embrace them when they come along
41) Now we stop thinking and just follow the rules. Trading has become boring but successful, our account continues to grow and our positions size is increasing
42) We are making more money than we dreamed possible
43) We now have the freedom we first sought and our dreams are a reality. We are earning more than ever seemed possible.
44) We know our rules will need review. We know our method will need review. We know we will need review.
45) We use our community of successful traders to keep our path true.
46) We now know what it takes to be a successful trader.
You may also like:
- Lessons Learnt as a Trader (so far)
- Meeting with a Full Time Trader – TW
- Darren's Trader Curve
- Lessons Learnt as a Trader (so far) Part 2
- Recording your trades
- Seeking trading education
- It is Alright to Lose
- Trading Goals for 2010
Discover the Secrets of Singapore Trading Gurus!
Interviews with Singapore stocks, forex, futures and options traders and trainers! This book is written for you:
- learn how professionals trade
- discover their strategies, money management and approach to the markets
- understand their stories and motivation behind trading
- know your trainers before attending their courses
{ 74 comments… read them below or add one }
It is also true for successful investors who too will follow an evolution path.
It is also true for successful investors who too will follow an evolution path.
better realize the different between,
“you know” and “you think you know”. they are different.
better realize the different between,
“you know” and “you think you know”. they are different.
“you know” only when you do it while
“you think you know” comes from any other forms, ways, read, listen, look…….
“you know” only when you do it while
“you think you know” comes from any other forms, ways, read, listen, look…….
the edge of trading success only comes from “you know”. all other knowledge are irrelevent.
the edge of trading success only comes from “you know”. all other knowledge are irrelevent.
At the crux of all trading pitfalls is the dynamics of only 1 root cause. It’s called FEAR. You either fear of making losses or you fear of missing out of potential profit. As much as we try not to acknowledge it, FEAR, is the prime mover of a lot of our decisions. Day to day decisions. Decisions and choices that we hardly spend much thought on. This same FEAR plays an active role in our trading decisions.
If we can understand the chemistry of FEAR within us, see how it affects us in our trading, on a profitable day and on a losing day, we can cover pretty good ground.
The must have ingredient: strategy, plan, courage to wait, courage to act coupled with a ferocious appetite for information/knowledge and desire to appreciate the whole process and if we are lucky, we have fun……
At the crux of all trading pitfalls is the dynamics of only 1 root cause. It’s called FEAR. You either fear of making losses or you fear of missing out of potential profit. As much as we try not to acknowledge it, FEAR, is the prime mover of a lot of our decisions. Day to day decisions. Decisions and choices that we hardly spend much thought on. This same FEAR plays an active role in our trading decisions.
If we can understand the chemistry of FEAR within us, see how it affects us in our trading, on a profitable day and on a losing day, we can cover pretty good ground.
The must have ingredient: strategy, plan, courage to wait, courage to act coupled with a ferocious appetite for information/knowledge and desire to appreciate the whole process and if we are lucky, we have fun……
And coconut, the number one thing I learn, as a fulltime trader, is that after I acknowledge the fact that I don’t know, that i cannot foresee the future, my trading saw a remarkable improvement. What I know, is that ,I CAN spend my time digging for more information to formulate my strategy, I CAN identify the point of circuit breaker should my plan fail (believe me, we all fail at one point or another), I CAN build a stronger moat for my plan of execution. You see, its not what you know, its what you CAN do. Large successful hedge fund managers, they put tremendous amount of time narrowing the corridoor of- the-i-dont-know by digging deep into their hyphothesis. They acknowledge that they dont know.
Lastly, a lot of people know things, but few can do things.
And coconut, the number one thing I learn, as a fulltime trader, is that after I acknowledge the fact that I don’t know, that i cannot foresee the future, my trading saw a remarkable improvement. What I know, is that ,I CAN spend my time digging for more information to formulate my strategy, I CAN identify the point of circuit breaker should my plan fail (believe me, we all fail at one point or another), I CAN build a stronger moat for my plan of execution. You see, its not what you know, its what you CAN do. Large successful hedge fund managers, they put tremendous amount of time narrowing the corridoor of- the-i-dont-know by digging deep into their hyphothesis. They acknowledge that they dont know.
Lastly, a lot of people know things, but few can do things.
yes ryan, at least you know what you don’t know. we might not know, and will never know where the market is going.
but we must learn to know where we are heading. and the only way to know that is, yes you say it correctly, by doing.
so how long have you been trading full time? there isn’t many of us around.
yes ryan, at least you know what you don’t know. we might not know, and will never know where the market is going.
but we must learn to know where we are heading. and the only way to know that is, yes you say it correctly, by doing.
so how long have you been trading full time? there isn’t many of us around.
the funny things is that most who have blog are not trading full time, and most trading full time don’t own a blog. they are busy trading of cos.
the funny things is that most who have blog are not trading full time, and most trading full time don’t own a blog. they are busy trading of cos.
You are right coconut. I cant even finish my reading list everyday, how to blog?
You are right coconut. I cant even finish my reading list everyday, how to blog?
I admit I am not a good trader. I don’t trade for a living and I have never claim to do that. For blogging, it serves as a good avenue for me to document my learning.
I find the relationship between blogging and trading is funny. Is there correlation?
I admit I am not a good trader. I don’t trade for a living and I have never claim to do that. For blogging, it serves as a good avenue for me to document my learning.
I find the relationship between blogging and trading is funny. Is there correlation?
In US, many full time traders blog regularly.
In US, many full time traders blog regularly.
my point , with my 20 years of trading experience as full time trader is,
if you can’t give up other things in life for trading, which including your job, it is better to stay out of trading completely. long term investment will serve you better.
here i will share with you this, i gave up my job of 4 years to start up a business, i gave up my business after 3 years to go into full time trading without knowing what my future will turn out and i already married with 2 kids.
i’m not saying one should follow but if trading is not your top prioty in life, you have every little or no chance to succeed.
my point , with my 20 years of trading experience as full time trader is,
if you can’t give up other things in life for trading, which including your job, it is better to stay out of trading completely. long term investment will serve you better.
here i will share with you this, i gave up my job of 4 years to start up a business, i gave up my business after 3 years to go into full time trading without knowing what my future will turn out and i already married with 2 kids.
i’m not saying one should follow but if trading is not your top prioty in life, you have every little or no chance to succeed.
and to answer your question, there is no or little relation between blogging and trading in my opinion but of cos every one can blog including traders.
the best way to learn trading is to document your own trading experience, do not copy or learn through others experiences, methods,comments, teaching etc. and to do that you will need all your time and enegy to achieve it.
and you know what, every body started out as bad a trader as one can be.
and to answer your question, there is no or little relation between blogging and trading in my opinion but of cos every one can blog including traders.
the best way to learn trading is to document your own trading experience, do not copy or learn through others experiences, methods,comments, teaching etc. and to do that you will need all your time and enegy to achieve it.
and you know what, every body started out as bad a trader as one can be.
I think, blogging helps a trader . it helps the trader to crytalise his thoughts and his experiences. unfortunately i got no time. he he he.
I think, blogging helps a trader . it helps the trader to crytalise his thoughts and his experiences. unfortunately i got no time. he he he.
and to sum up what i had “observe” of you, you only accept things that is comfort to you, feel right to you and shy away things that are hard, cold, discomfort.
the “secret” of trading if there is one, is balance. able to accept things on both side.
and to achieve that you need to have an extreme flexibility in your mind. and to improve your flexibility of your mind, all i know is to trade and trade and trade.
and to sum up what i had “observe” of you, you only accept things that is comfort to you, feel right to you and shy away things that are hard, cold, discomfort.
the “secret” of trading if there is one, is balance. able to accept things on both side.
and to achieve that you need to have an extreme flexibility in your mind. and to improve your flexibility of your mind, all i know is to trade and trade and trade.
yes ryan, make use of all the tools that is available to you to improve ones trading.
writting comments who nobody interested in also helps me in a way to sharpen my trading. in trading, there is no end of the road.
yes ryan, make use of all the tools that is available to you to improve ones trading.
writting comments who nobody interested in also helps me in a way to sharpen my trading. in trading, there is no end of the road.
“I admit I am not a good trader. I don’t trade for a living and I have never claim to do that..” say alvin.
that sentence tell me every thing about you as a trader to be. your answer to that is . “no i don’t want to be a successful trader”.
“I admit I am not a good trader. I don’t trade for a living and I have never claim to do that..” say alvin.
that sentence tell me every thing about you as a trader to be. your answer to that is . “no i don’t want to be a successful trader”.
on the other hand, ryan, although i don’t know you, feels like he is already successful and trading full time although i suspect it is not too long ago (correct me if i’m wrong)
although the road is bumpy ahead, but that is certainly the correct way to start out, be full of confident in one self and the determination to succeed.
on the other hand, ryan, although i don’t know you, feels like he is already successful and trading full time although i suspect it is not too long ago (correct me if i’m wrong)
although the road is bumpy ahead, but that is certainly the correct way to start out, be full of confident in one self and the determination to succeed.
My simple question is why do you want to be a Trader instead of an Investor?
From what I observe, all my “sifus” (multi-millionaires in Singapore) make money from Investing, NOT short term trading.
The 2 main things they invest are Stocks and Property, not Forex trading, not Option trading.
Personally, I also made my first million dollars by year 2008 through investing. And now I’m halfway to my 2nd million (1.5 years later).
So I think the Odds are better to make millions from Investing, rather than Trading.
Any views/comments?
Cheers!
Dennis Ng
My simple question is why do you want to be a Trader instead of an Investor?
From what I observe, all my “sifus” (multi-millionaires in Singapore) make money from Investing, NOT short term trading.
The 2 main things they invest are Stocks and Property, not Forex trading, not Option trading.
Personally, I also made my first million dollars by year 2008 through investing. And now I’m halfway to my 2nd million (1.5 years later).
So I think the Odds are better to make millions from Investing, rather than Trading.
Any views/comments?
Cheers!
Dennis Ng
Thanks everyone for ur comments, I agree with coconut that one has to make trading a priority to be good at it. Just like any skillset or profession.
So if one cannot put trading as a priority, it is better off to be an investor.
This is a common view I gathered from the comments.
Thanks everyone for ur comments, I agree with coconut that one has to make trading a priority to be good at it. Just like any skillset or profession.
So if one cannot put trading as a priority, it is better off to be an investor.
This is a common view I gathered from the comments.
Trade for income stream . Invest for future wealth.
Trade for income stream . Invest for future wealth.
Dennis i congrat you being a millionaires,
whether to trade or invest is just a matter of time horison, the skill to be successful in both area are fundalmentally the same.
i agreed with 8888, both can be profitable.
and alvin, i know my words are hash but i have to be honest in what i say. you really need a lot of guts to be a good trader, you really have to ask yourself do you really like it day in and day out.
althought i’m now like dennis (millionair) i’m not at all satisfy by my results. trading is still full of ups and down emotionally. you have to ask yourself do you like this kind of life or you prefer dennis way which is much steady but not neccessary easy. you got to know what you want in life and don’t put money into your consideration, you will make the wrong choice.
Dennis i congrat you being a millionaires,
whether to trade or invest is just a matter of time horison, the skill to be successful in both area are fundalmentally the same.
i agreed with 8888, both can be profitable.
and alvin, i know my words are hash but i have to be honest in what i say. you really need a lot of guts to be a good trader, you really have to ask yourself do you really like it day in and day out.
althought i’m now like dennis (millionair) i’m not at all satisfy by my results. trading is still full of ups and down emotionally. you have to ask yourself do you like this kind of life or you prefer dennis way which is much steady but not neccessary easy. you got to know what you want in life and don’t put money into your consideration, you will make the wrong choice.
and to answer dennis, it happen that i learn trading first than i discovered the joy of investing.
maybe you should discover the pain of trading as well, don’t you think so?
and to answer dennis, it happen that i learn trading first than i discovered the joy of investing.
maybe you should discover the pain of trading as well, don’t you think so?
I don’t know, I find that making money from Investing is very easy, losing is very difficult. So do I want to be a trader? Definitely No.
I only invest part-time. Now I own 3 businesses, and I have just set up a 4th company. So with part-time investing, I can have time to do other things eg. I also write a fortnightly column (alternate Wed) on Personal Finance for My Paper, and every Saturday, I answer questions by readers on Personal Finance for Lianhe Wan Bao. I also conduct alot of talks every month….so I have time to do so many other things I enjoy, while for Traders, probably, that takes “full-time” committment.
In about 5 years, I think as an investor, I probably can reach my S$10 million, 7 years after I reached my first. And this is done on a very part-time basis.
Cheers!
Dennis Ng
I don’t know, I find that making money from Investing is very easy, losing is very difficult. So do I want to be a trader? Definitely No.
I only invest part-time. Now I own 3 businesses, and I have just set up a 4th company. So with part-time investing, I can have time to do other things eg. I also write a fortnightly column (alternate Wed) on Personal Finance for My Paper, and every Saturday, I answer questions by readers on Personal Finance for Lianhe Wan Bao. I also conduct alot of talks every month….so I have time to do so many other things I enjoy, while for Traders, probably, that takes “full-time” committment.
In about 5 years, I think as an investor, I probably can reach my S$10 million, 7 years after I reached my first. And this is done on a very part-time basis.
Cheers!
Dennis Ng
wow, my apology dennis,
i shouldn’t had ask you to trade. and i don’t think you should. stick to what you do best.
by the way, maybe you are not aware, your businesses are also your investment. you are in fact a full time investor. i wish you all the success.
wow, my apology dennis,
i shouldn’t had ask you to trade. and i don’t think you should. stick to what you do best.
by the way, maybe you are not aware, your businesses are also your investment. you are in fact a full time investor. i wish you all the success.
Hi Coconut,
I have to disagree with you.
Don’t get confused, Business and Investment are 2 different Quadrants in the Cashflow Quadrants. They are different streams of Income.
So if you’re a full-time Trader, you only have one stream of income, which is trading income from trading. Whereas, becos I have 3 different businesses, I have 3 different streams of income, plus other streams of income from investments, eg. Rental Income, Dividend Income.
Cheers!
Dennis Ng
Hi Coconut,
I have to disagree with you.
Don’t get confused, Business and Investment are 2 different Quadrants in the Cashflow Quadrants. They are different streams of Income.
So if you’re a full-time Trader, you only have one stream of income, which is trading income from trading. Whereas, becos I have 3 different businesses, I have 3 different streams of income, plus other streams of income from investments, eg. Rental Income, Dividend Income.
Cheers!
Dennis Ng
I have to say that from 1993 to 2008, my average income was only about S$6,000, and I made my first million from investing. However, after I grasped how to Start and Build buisnesses, the last 2 years I saw my income increasing quite significantly,
IBy next year, I may even make S$1 million income a year, becos of my different businesses and investments, I’m not sure how many Traders make S$1 million a year?
And even S$1 million a year is NOT the ceiling for me. It is possible for me to increase the income further if I grow my businesses and investments further.
Cheers!
Dennis Ng
I have to say that from 1993 to 2008, my average income was only about S$6,000, and I made my first million from investing. However, after I grasped how to Start and Build buisnesses, the last 2 years I saw my income increasing quite significantly,
IBy next year, I may even make S$1 million income a year, becos of my different businesses and investments, I’m not sure how many Traders make S$1 million a year?
And even S$1 million a year is NOT the ceiling for me. It is possible for me to increase the income further if I grow my businesses and investments further.
Cheers!
Dennis Ng
yes you are right, not many but there are.
there is no ceilling for a trader who can trade also if he knows how to management his trade.
got to go, market closed.
yes you are right, not many but there are.
there is no ceilling for a trader who can trade also if he knows how to management his trade.
got to go, market closed.
Hi coconut,
so you make S$1 million per year from trading? Congrats. Just to confirm my understanding.
no point talking about some other traders, otherwise I will say that Warren Buffett accumulated his over US$50 billion from investing to show you Investing can make big money. Let’s talk about ourselves, what we can earn as Trader or Investor.
Cheers!
Dennis Ng
Hi coconut,
so you make S$1 million per year from trading? Congrats. Just to confirm my understanding.
no point talking about some other traders, otherwise I will say that Warren Buffett accumulated his over US$50 billion from investing to show you Investing can make big money. Let’s talk about ourselves, what we can earn as Trader or Investor.
Cheers!
Dennis Ng
well dennis, i’m not here to compete with anyone, not you.
i only challenge myself.
and just for the record, no, i don’t make a million a year, but i made a million in a single trade before. my equity under management is just under 10 million.
well dennis, i’m not here to compete with anyone, not you.
i only challenge myself.
and just for the record, no, i don’t make a million a year, but i made a million in a single trade before. my equity under management is just under 10 million.
the topic here is not trader vs investor, as far as i’m concern there is no different.
and i hope i will not use the word million again. its very misleading and bad for the beginner.
nice talking to you.
the topic here is not trader vs investor, as far as i’m concern there is no different.
and i hope i will not use the word million again. its very misleading and bad for the beginner.
nice talking to you.
a Trader can make a Million dollars in a single trade if the Capital is S$10 million. Well, an Investor can make S$1 million easily (100% returns) if the capital is just S$1 million. So what does this prove?
Any trader who has Good Money Management habit typically only risk 1% to max 5% of his Capital in a single trade. On the other hand, it is possible for an Investor to invest 100% of his Capital, how can he prevent himself from losing everything? By Asset Allocation and by doing homework before investing and by having Margin of Safety.
I’m not here to argue with anyone. It is over many years observing traders and investors that I realised that it is much easier for a person who is NOT Rich to become Rich through investing, rather than Trading. Of course, there are people who do NOT agree. Well, I think they can disagree unless they can point out anything wrong with the examples I illustrated above.
Cheers!
Dennis Ng
a Trader can make a Million dollars in a single trade if the Capital is S$10 million. Well, an Investor can make S$1 million easily (100% returns) if the capital is just S$1 million. So what does this prove?
Any trader who has Good Money Management habit typically only risk 1% to max 5% of his Capital in a single trade. On the other hand, it is possible for an Investor to invest 100% of his Capital, how can he prevent himself from losing everything? By Asset Allocation and by doing homework before investing and by having Margin of Safety.
I’m not here to argue with anyone. It is over many years observing traders and investors that I realised that it is much easier for a person who is NOT Rich to become Rich through investing, rather than Trading. Of course, there are people who do NOT agree. Well, I think they can disagree unless they can point out anything wrong with the examples I illustrated above.
Cheers!
Dennis Ng
haha dennis, you are right, nobody is saying you are wrong.
how can you be wrong if i’m also making money in investment too.
bottom line is you are right in what you are saying and i truely respect that.
cheers
haha dennis, you are right, nobody is saying you are wrong.
how can you be wrong if i’m also making money in investment too.
bottom line is you are right in what you are saying and i truely respect that.
cheers
Nice reading the argument between being a trader and an investor… but why are we so concern about the number game?? is it more for our own ego, i.e telling ppl how much we have? do we ever wonder how we can contribute back to the society with the money earned, just like Buffett?
Nice reading the argument between being a trader and an investor… but why are we so concern about the number game?? is it more for our own ego, i.e telling ppl how much we have? do we ever wonder how we can contribute back to the society with the money earned, just like Buffett?
hello passerby,
i got a feeling you lost your way. this is a blog for trading and investment,
not a blog for donation.
if we (traders and investors) do not concerned about numbers, we will soon be out of business.
hello passerby,
i got a feeling you lost your way. this is a blog for trading and investment,
not a blog for donation.
if we (traders and investors) do not concerned about numbers, we will soon be out of business.
I fully agreed with passerby. Most people like to state figures maybe to boost their ego. As this is a so-called trading and investment blog, all the more discussion should be based on general trading and investiment matters not specifics like how much one is making as it boders along the line of bragging even though it may be true.
This is totally unnecessary. In fact, I find the argument between being a trader and investor more amusing than anything. For the record, I don’t think there is a definite answer as to whether it is easier to make money through investment or trading. A lot depended on the capability of the person himself. There are investors who lost tons of money and also there are those who make plenty as well. Likewise, there are also traders who make a lot of money just by trading rather than investing and also those who lost plenty in trading.. One can only simply argue based on one’s experience but that does not mean that it is applicable for everybody.
The bottomline line is to find your own strenght and capitalise on it whether your niche is in investing or trading.
I fully agreed with passerby. Most people like to state figures maybe to boost their ego. As this is a so-called trading and investment blog, all the more discussion should be based on general trading and investiment matters not specifics like how much one is making as it boders along the line of bragging even though it may be true.
This is totally unnecessary. In fact, I find the argument between being a trader and investor more amusing than anything. For the record, I don’t think there is a definite answer as to whether it is easier to make money through investment or trading. A lot depended on the capability of the person himself. There are investors who lost tons of money and also there are those who make plenty as well. Likewise, there are also traders who make a lot of money just by trading rather than investing and also those who lost plenty in trading.. One can only simply argue based on one’s experience but that does not mean that it is applicable for everybody.
The bottomline line is to find your own strenght and capitalise on it whether your niche is in investing or trading.
hi coconut,
contributing back to the society is part of investing too. Investing for the future of our society. Think we see investing differently though. I guess that to you, your concern is all about making as much money as possible. Hmmm..maybe this is the difference between a real trader and a real investor.
hi coconut,
contributing back to the society is part of investing too. Investing for the future of our society. Think we see investing differently though. I guess that to you, your concern is all about making as much money as possible. Hmmm..maybe this is the difference between a real trader and a real investor.
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