Source, Author, 2022
Pay attention to the news
As a retired Investment Banker who started his Wall Street career in the late 1980s on trading desks, I’ve often posted about the fallacy of “trading”. It doesn’t matter whether you’re trying to do this on your own, or paying for a “system” or “tips” from some Social Media shyster who just “got into trading” a couple years ago (and likely will soon get into something else), it simply doesn’t work. But if you’re still unconvinced (and that’s actually, good, never accept anything at face value) I’d suggest you start here
where we effectively debunk the myth of self described “traders” not being taken advantage of in a stock market dominated by better equipped, better educated, better prepared, better capitalised, and better incentivised professionals. Incentive is a good one to talk further about: I still remember my first low six figure bonus. That year I had effectively been living at the bank, sleeping at my desk, going home only once or twice a week. But, after seeing my bonus I immediately vowed to spend even more time at the bank. Yes, money does that to people. Compare to the shysters who claim huge profits for “trading one hour a week”, at the beach or coffee shop no less (ha ha). I call bullshit. But regardless,
In spite of what Social Media Shysters claim, buy and hold is the single best effective strategy, one you’ll find employed by almost all High …….