Are you a trader or investor

These are completely two different approaches.

Traders use several tactics to reduce risk and increase returns.

Investors need different set of skills.

Traders need different set of skills.

Traders have spent considerable time developing an edge.

Investors in most cases have very little edge or have made any attempt at developing edge.

As Steve Cohen said in one of the interviews "You have to know what you are, and not try to be what you're not. If you are a day trader, daytrade. If you are an investor, then be an investor.'

Role conflict is a big issue for those who do not clearly understand difference between trading and investing.

They enter position as traders and hold it like investor, which leads to conflict and losses.

They do not exit like traders, they hold it like investors and see quick profit disappear.

Lot of time the issue for investor is lack of skills, knowledge and misconception.

many of them have disdain for active trading, they do not understand why active traders do what they do and how they do it.

They have misconception like active trading increases commission costs. Or it is bad. Or most traders fail or do not beat market. Besides that they do not have right tools, brokers, scanning software and do not understand the need for it.

Obviously trading is not for everyone. If everyone becomes trader there will be no profit opportunity to exploit. Most traders exploit the behavior of individual investor to profit from it.

Think about this and clarify your own role, are you a investor or a trader.

If you chose to be investor then build expertise in becoming good investor by studying commonly used techniques used by investors. Don't rely on half truths and misconceptions. Educate yourself and then devise your strategy.

If you chose to be trader then build expertise in trading. Understand why traders do what they do. What kind of opportunities traders have been exploiting for hundreds of years ( tactics have changed but basic ideas remain same). What do swing traders do. What do day traders do. What do position traders do.

If you decide to be trader understand it requires skills and effort to develop and edge. It is not going to happen instantly and requires time and effort commitment. You can shorten your time frame by basing your trading on someones system, but at some stage you need to develop your own edge based on market tendencies.

I am a active trader and it suits my tendencies, I became a trader because the returns I was making as investor were not attractive.

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

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