Since I have been such a supporter of M1 Ltd in my previous posts, I suppose I should announce that I have sold all my holdings in the company. Nevertheless, due to this action, I had friends questioning if I had become a trader?
So HAVE I?
Today, I managed to converse with a trader and an investor. They gave me 2 different perspectives that is the exact opposite of each other. Do note that both of them are making money currently.
Trader's comment:
I have a small capital. Thus, trading is the way for me. Contra trade do not need capital. I only trade blue chips or REITs, and I place a stop loss and target price for every trade, so I wouldn't hold any trade.
I do invest, as well, for mid term
(2 to 3 months) and long term
(6 to 8 months). ......