Quote:
Originally Posted by Babubhat
If you don’t have a longer timeframe you shouldn’t own stocks. It’s okay to bet against using ETF. Highly profitable this year.
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It is possible to make money as a short-term trader. I was only able to do it once on only 1 stock opportunity. It was a long time ago when I devoted a lot of TIME to following the stock market. I watched Fast Money twice a day plus other financial shows. It got to be a lot of work. To be a short-term trader, you have to be an expert to the point of NOT having a life. It is MUCH better for your mental health to be a long-term trader. As Warren Buffet has said, "pick good companies that you understand and hold them FOREVER".
But, picking a portfolio of INDIVIDUAL stock is also difficult. That's why God made ETFs. And be aware that a MILD recession is predicted for 2023.