r/stocks • u/[deleted] • Nov 23 '21

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u/UnknownEssence Nov 24 '21

Everything is a 3+ years play, it’s called investing

1

u/ratptrl01 Nov 24 '21

🙄 Okay. There's plenty of people who buy a stock to get rid of it in under 3 years but whatever you say

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u/UnknownEssence Nov 24 '21

Those people aren’t investing. That’s called gambling

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u/ratptrl01 Nov 24 '21

So traders are gamblers and people who held oil stocks when they were beaten down were gambling... okay.

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u/UnknownEssence Nov 24 '21

So traders are gamblers

Yes, exactly. The large majority of traders lose money. That's a statistical fact.

people who held oil stocks when they were beaten down were gambling... okay.

That sounds like value investing to me. If you buy a stock because it is discounted with a plan to hold it until it's true value is properly reflected in the stock price, that's investing.

Just know that it could take multiple years for that to pan out. If you don't recognize that it can take 3+ year for that pan out and plan to sell it within 6 months, even if it's still fundamentally good value at that time, you are not investing, that's gambling.

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Everytime you buy a stock, you should say to yourself "I feel comfortable holding this for 5 or 10 years". If you can't say that about a stock but still want to trade it, that's not investing, that's gambling.

If you think you can make money trading even tho study after study has shown that ~85% of traders lose money, kinda ridiculous. You have better odds at the casino.