Short Term Trading and Long Term Investing: Winning Strategies for Trading Profits and Capital Growth Book

There's a joke floating around the market these days. It goes something like this: "what's the definition of a long-term investment? It's a short-term investment gone bad." Author Charles Vintcent, a stockbroker by profession, wouldn't be laughing. In Short-Term Trading and Long-Term Investing he draws a clear line between the two--and bursts a few bubbles along the way. A short-term trader is not necessarily someone who buys in the morning and sells in the afternoon, he explains--if it was possible to trade like that five days a week "we would all be millionaires." Instead Vintcent lowers our expectations to recognise that the aim of short-term trading is "to make sufficient profit each time we trade to make the exercise worthwhile and to do so often enough to get an above-average return on capital employed, net of all dealing costs." Here he methodically outlines steps anyone can use to invest in the market and the trading styles appropriate to market situations. Short-Term Trading and Long-Term Investing is a practical guide offering real insight into the world of trading. Vintcent details how to undertake research, how to select the right shares at the right time and the key indicators that give investors a window onto the company's market prospects. So what is the difference between the two money-making styles? All a short-term trader should concern himself with is whether the share price fluctuates regularly and considerably over reasonably short periods of time. If so, then the trader can profit. For long-term investing, the investor has to consider the future growth prospects of a company. Now there's a punchline. --Bruce McWilliamsRead More