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Originally Posted by raymondo510
Is there a difference between trading and investing? Could you elaborate a bit on that. I'm not exactly looking for an over night turn around. I understand it could take some time but 5 years seems more like a long term thing to me. Like I said I know its a bit of a gamble, plus being green sometimes you gotta learn the hard way.
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Traders are looking to buy something mis-priced and sell it quickly. You can make some money that way, but it's closer to gambling than investing. If you're always trying to hit a home run, you'll strike out a lot. If you're trying to build up a portfolio, buy things and hold them. It'll take time. Honestly, five years is just starting to be considered long-term.
Just so you know, I'm a buy-and-hold guy for the most part. There's a lot of guys in this thread that fall more on the side of short term trading. There's a lot of different viewpoints on this stuff, and none of us are right all the time.