Traders Vs Investors19 Sep 2020 17:38
If you are a trader, then you are expected to go in and out with profit of around 5% , and also more importantly, a Stop Loss and you repeat that again and again
The idea is that you are working on a percentage of success , say 6 out of 10 trades will make money, 4 trades will get stopped out.
Investors is a completely different story, you just need to buy what you think is cheap, and don't worry about few percentages up or down after buying , then you sell when you happy with price and profit , a year , 2 year, 3 years later, it doesn't matter, as long as you keep the shares and sell when the price is right.
I see people here getting confused and misunderstanding the difference .
I personally think that most people here are investors , so for the share to go down to 150 or lower, it doesn't matter at all, because in 5 years time I would say it will be about £5 - £8 .
Simple
So those who are crying "SELL SELL SELL" , you need to say that to Day Traders and Swing Traders, not to investors
GLA