I do agree.
It all depends on expertise, time needed, and a bit of luck.
Usually going long-term while investing is great because the risks are smaller in comparison. Without the needed knowledge, you can easily lose your funds while trading.
But the potential in
Only traders need luck, investors don’t need luck since they’re are not mostly after short term profits, thereby avoid attempting to time the market in order to make quick profits, only those who try to time the market needs luck since they’re not able to accurately predict the market, they can only rely on luck to help them maximize profits.
Well, Investors and traders have completely different attitudes to the market. Business people are often short-term oriented, and they attempt to enter into the market at various points with the view to exiting when they get the highest returns. This does entail high risk since the market is a hard factor to assess, therefore, they depend on luck besides the analytical results. They use high volatility to make their profits within the shortest time possible, a strategy that may or may not pay off.
Main investors are more concerned with long term and their actions are done more based on earnings and returns of an asset and not room to room fluctuations. Since they can put in their money and sit back to wait for their returns, they do not bother to time the market. They like to sink their capital into assets that they think have positive prospects for the future, and therefore, are not inclined to the kind of pressure that compels one to make a quick buck. By so doing, chance plays a relatively small role because they are interested in achieving consistent steady and long term growth.