πππInvesting is about taking risk. High risk, high rewards. Low risk, low rewards or is it? Day Traders would not be happy with the comparison of comparing their day trading to casino gambling.
Day trading is a more scientific or should I say technical way to trade the markets, using charts and trends. Casino gambling on the other hand is more a game with luck and chance.
Whether Day Trading has higher odds of winning versus Casino Gambling boils down to the risk appetite of an individual. There is no right or wrong way.
Personally I prefer the slow and steady way of investing. Buy Wonderful companies at Fair prices for the long term and let the magic of compounding happen. That is Warren Buffett 's Secret Sauce for investing success and he is living proof of that!
Casino Gambling vs. Day Trading: Which one Has Higher Winning Rates?
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It's best not to go all in on high-risk stocks, but that doesn't mean you should avoid them entirely. If you can tolerate some risk, certain players could make a good addition to a diversified portfolio.
Quality growth stocks in good sectors with smart management are your best bets for success and they should be the core of every portfolio.
Itβs important to approach high-risk, high-reward stocks with caution, and only consider them if youβre comfortable with some risk
I think it's important in 2023 to be invested in both indexes and high-quality companies given elevated valuations and macro risks
I purposely left out the secular mega-cap winners (FAAMG) since they are already owned by many retail investors.