Originally Posted by Deub
Trader and investor are 2 different things. Both groups have successful people doing it for life.
The property market is no different. However the issue is when non professional people try to do it. Buying a small property to “go on the property ladder” and knowing you will need to sell to get something bigger within 5 years, is a high risk strategy and most of those who managed to gain from it, did it by luck.
Investors and long term traders is same thing.
There is lots research that short-term trading rarely brings profit, you can not catch timing. There are lots scam and fraud involved in day trade.
Do you know any really rich trader, not a value based, but "day-trader", time catcher?
"Day trading sits at the extreme end of the investing spectrum from conventional buy-and-hold wisdom. It is the ultimate market-timing strategy. While all the attention that day trading attracts seems to suggest that the theory is sound, critics argue that, if that were so, at least one famous money manager would have mastered the system and claimed the title of "the Warren Buffett of day trading". The long list of successful investors that have become legends in their own time does not include a single individual that built his or her reputation by day trading."
Similar with Property (although agree property is easier to predict), but the successful Traders/Investors are typically not the ones that try to catch time, but the ones who try to find good value.