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I interned at a prop shop and all the professional traders there very explicitly did not consider themselves investors, they were day traders. The distinction w
by m-ee 4y ago
I interned at a prop shop and all the professional traders there very explicitly did not consider themselves investors, they were day traders. The distinction was mostly a matter of time horizon, almost no one held positions overnight. The goal was explicitly to make money trading on price action, not to evaluate which companies or industries would successfully allocate capital over the long term.
- galaxyLogic 4y agoI can appreciate that nuance. If you just day-trade it's more like gambling, even though the odds may be better than in Las Vegas.