Great point about intraday trading. A piece of advice from me: Never participate in it. The liquidity is so low your trades can easily go against you. You're right that buy and hold works best.
Thanks Denis! I'm not an intraday speculator but I do have a trading style where I hold positions anywhere from a few days to a few weeks. However, that's the smallest part of my investments. About 20%. The other 80% is in long term passive investments. It's tough to argue with the math of long term investing vs short term speculating.
23 hrs ago·edited 23 hrs agoLiked by Christos V (Simply Finance)
Excellent research this week, Christos. You've shared things I've never seen anywhere else. Most of the success I've had in my life has come from taking a contrarian viewpoint. However, you've helped me expand my thinking to help me avoid some contrarian traps. Although our investing philosophies differ, we are both successful investing being bullish, even if it's not the same things. I've learned from The 7 Habits of Highly Effective People that we should value our differences to come to the best outcome. Keep up the good work.
Thanks Jeremy! I appreciate the kind words, and yes it is absolutely important to value differences from others and to do our best to learn from those differences.
Great point about intraday trading. A piece of advice from me: Never participate in it. The liquidity is so low your trades can easily go against you. You're right that buy and hold works best.
Thanks Denis! I'm not an intraday speculator but I do have a trading style where I hold positions anywhere from a few days to a few weeks. However, that's the smallest part of my investments. About 20%. The other 80% is in long term passive investments. It's tough to argue with the math of long term investing vs short term speculating.
Excellent research this week, Christos. You've shared things I've never seen anywhere else. Most of the success I've had in my life has come from taking a contrarian viewpoint. However, you've helped me expand my thinking to help me avoid some contrarian traps. Although our investing philosophies differ, we are both successful investing being bullish, even if it's not the same things. I've learned from The 7 Habits of Highly Effective People that we should value our differences to come to the best outcome. Keep up the good work.
Thanks Jeremy! I appreciate the kind words, and yes it is absolutely important to value differences from others and to do our best to learn from those differences.