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by snowwrestler
5076 days ago
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That book, and your comment, conflate two different concepts: trading and investing. It's possible to invest in the stock market with very little trading. The GP's comment spells out the best strategy--use index funds to spread risk and reduce expense, and invest for long time horizons. This is still a great strategy. It's also possible to try to turn a short-term profit by trading individual stocks--often called day-trading because you clear your positions within the time period of days. High-frequency trading has greatly reduced price spreads, which makes it harder for the average guy in his underwear to compete. This is not investing though--more like gambling. For more on how high-frequency trading really works, I recommend: http://news.ycombinator.com/item?id=3852341 |
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