Black Money Business Jobs : Trading/Investing

Discussion in 'Black Money Business Jobs' started by Shikamaru, Jun 9, 2011.

  1. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Trading and investing both have to do with markets or commerce, but there are some differences.

    Investing is more long term. Profit is sought by way of the appreciation in (so-called) value of the underlying asset.

    Trading is more short term. Profit is sought by way of the price movement of the underlying asset.

    Investors have one way of making money. Traders have two. Investors only make money when he market rises. Traders can make money when the market rises or falls.

    This is one of the best books I have ever read on investing/trading.

    It is titled Trade Your Way to Financial Freedom by Van K. Tharp.

    While it is not a book on investing/trading per se, it will provide a unique and penetrating insight into the type of system one may desire to develop for engaging in the markets.

    The strategies and measures within the book can applied to many other areas of life, not just investing/trading.
     
  2. $$RICH$$

    $$RICH$$ Lyon King Admin. STAFF

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    Thanks, i gotta check it out !
     
  3. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    The book can be a difficult read.
    I had to read the book twice before I realized how powerful this book is.
    If you are into systems development, strategic and tactical thinking, this is the book for you.

    This book has radically changed how I approach anything in life.
     
  4. $$RICH$$

    $$RICH$$ Lyon King Admin. STAFF

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    Interesting , thanks
    Iwant to see where it take me , once i get it and read it i'll come back and let you know
    how i precieved it .
     
  5. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    As far as general strategy goes:

    I'm a trader with regard to the markets. I'm looking for profit in a short time span or cash flow.

    I'm an investor with regard to those items that personally and immediately affect me i.e. buying a house, equipment, education, a business, etc.

    As an investor, I care more about functions, durability, and engineering rather than asset appreciation.
     
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