Who is Warren Buffett? Is he investor or trader? Who is George Soros? Is he investor od trader?
Investors: Investors are people who buy stocks and invest for long term. It means that investors seldom buy and sell. Most of the time, investors buy and hold, and let stocks appreciate in the long term.Warren Buffett is one of the investors of stock market. He is the ultimate investors of stocks. He is called the Oracle of Omaha. I read a lot of books about him and his investment strategies. It really takes time and hardworking researches on companies. Warren /Buffett is currently the world's richest person with total net worth of $67 billion.
Traders: Traders are people who trade stocks. They buy low and sell high. They will sell once they earn their targeted profit. Most of the time, traders never even care about what is the companies behind the stocks they buy. All they want is to make money by buying at low price and then sell at high price.George Soros is considered as trader or speculator. He is quite famous because he is good at speculating. Currently, his total net worth is $9 billion.
Trading is an old concept and it has been around for centuries. Trading is like playing buying and selling. Trader A buy AAA products and then sell to Trader B who offers higher price for the AAA product.
So, are you an investor or trader of stock market? You need to make this clear because it is the basic mindset before you put any money into the stock market. If you are not sure whether you are an investor or trader of stock market and you are currently investing in stock market, then most probably you are gambling in the stock market.
So, please make your mind clear and set your mindset because mindset is extremely important to be successful in stock market.
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