RE: Traders Vs Investors19 Sep 2020 20:18
Onthecoast: I used to trade in funds in my SIPPS & ISA , but they are very slow, and sometime expensive to buy and sell
I think shares are much better if you either have a good FA , or know what you are doing.
I say that , but I can tell you that I won some and lost some, so what I found after many tries and experiments , that it is a simple numbers game, as long as you win more than you loose.
I see many people say "Hey, I will double my money on this one" , yes sure, maybe you can do this once ore twice, but not more.
For me 5% - 10% profit , and also as a stop lose is a good formula , if I can do it 6 - 7 times out of 10 .
RR at the moment are just on the line for my stop loss , if they cross it next week, then I sell and move on.
How many share do I have ? few LOL
GL and all the best