Are you a day trader? Think again. Data shows that you are likely bleeding yourself dry. [1] People get addicted to trading and that can be the kiss of death to their finances.[2] Thinking about day trading? You shouldn’t -- it's a fool’s errand. [3][4]
Albeit not the most exciting, patience, diversification, and a balance portfolio, has been the best way to grow wealth. [5] Growing wealth is a long term goal, not a short one. If you think you are going to get rich fast trading stocks, think again. The odds are barely any better than hitting the lottery. [6] Thinking of investing in mutual funds?
You also have a better chance of hitting the lottery than picking a winning mutual fund. [7] If you are a Forex trader, option trader, swing trader, or whatever else -- stop. The data isn't in your favor. [8] The goal should be making money, not gambling. [9]
You may hear a lot in the news or hear about a friend who knows a friend that made millions day trading. It seems we all heard the story about that person, but nobody has ever met that person. The harsh reality is, that about only 4% of these risky traders can turn the trade into a winning career. [10] Most get addicted to day trading while slowly going broke. [11]
We want to make money. We want to be investors, not gamblers. What about you? We, too, like good returns. That's why at Welch Tribune we created an interesting strategy that has shown to produce great results over the long haul. Let's take a look at the Motif.
Green line represents the S&P 500. Blue line represents this motif performance over a compounding period. The results speak for themselves. It's time to start growing wealth. Just hit the invest button below and get started. What are you waiting for?
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https://www.curiousgnu.com/day-trading
https://www.telegraph.co.uk/investing/news/the-optimisic-day-trader-losing-money/
https://slate.com/business/1999/08/day-trading-is-for-suckers.html
https://www.thebalance.com/why-it-is-so-hard-to-make-consistent-money-day-trading-1031238
https://www.forbes.com/sites/rickferri/2013/01/28/a-balanced-portfolio-for-a-balanced-life/#1bf3d0705e9e
https://www.thestreet.com/personal-finance/you-have-a-better-chance-of-winning-the-lottery-than-picking-a-winning-mutual-fund-12967930
https://www.nasdaq.com/articles/why-do-most-traders-lose-money-trading-forex-2017-04-03
https://www.investopedia.com/articles/investing/071713/downward-spiral-trading-addiction.asp
https://www.thebalance.com/trading-myths-that-negatively-affect-performance-1031244
https://www.thefix.com/content/are-you-trading-or-gambling
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