facebookShould I start Investing or trading if I only have a small amount of money? I did trade on virtual account last time.? - Seedly

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Anonymous

02 Nov 2020

โˆ™

Stocks

Should I start Investing or trading if I only have a small amount of money? I did trade on virtual account last time.?

Discussion (12)

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Choosing to invest or trade should not be determined by the amount you have but rather your

  1. Goals

  2. Capability

  3. Mindset

The approach for both are vastly different. A good trader may be a poor investor while a good investor may be a poor trader.

Trading is a very systematic and robotic process of technical analysis + positioning sizing risk management and it requires you to follow your stratergy strictly.

investing is a lot easier because it allows you to look at the Long term horizon and tide through short term volatility. It focuses on fundamentals over Long run.

I'm not against trading, I do both which you can as well. However, trading is much tougher and requires good understanding of the market + stratergies you useโ€‹โ€‹โ€‹

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Investing will be the better choice, just put the money into robos or low cost etfs,forget about it and resume your life. Usually only up to 10% of traders make positive gains and virtual and real life trading are so different since emotions are involved when you see red. Most will do things unexpectedly and at the end of the day, you will definitely regret so why put yourself in this situation? Yes, you may make gains by doing ample research but how long will it sustain?

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Elijah Lee

27 Oct 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

While you could theoretically start, you might be better off spending time to increase you...

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