Thanks man for the link. I think the poster is confused "trading" with "day trading" which is only a style of trading.
Basically, stock investors are just same as stock traders. They all analyze the markets before execution. The only difference is how they want themselves called. Investors believe what they're doing is for the purpose of owning the companies, while traders believe they're only making money out of fluctuations not owning the companies. After a stock crash, traders as well as investors commit suicides.
Investor like Warren Buffer does intra-day buying and selling like many traders do. His employees also sit in front of charts and trend lines, and check market updates as frequently as many traders do. He check financial statements as well market prices, yet he like to be called an "investor".
James Cramer who called himself a trader does long-term buy and sell like many investors do. He check financial statements and charts the same way stock investors do, yet he like to be called a "trader".
Quote:
|
Originally Posted by TheMonthlyPick.com
Now ask yourself, who’s the richest trader you’ve every heard of?
|
They're many here's some (not in order of their fortunes):
James J. Cramer (trading actively, managing millions, a host at CNBC)
Richard Dennis (now stopped trading but he is a millionaire anyway)
The Turtles (some students of Ricard Denish, managing billions)
Bill Dunn (managing millions, earning 27% annually)
William Eckhardt (managing millions, earning 31% annually)
Fred Schutzman
Gerald Appel
David Weis
William Doane