By Larry Benedict
When you’re starting out in the markets, sometimes the hardest thing is working out where you fit.
You read about legendary investors like Warren Buffett and wonder if a buy-and-hold strategy is the best way to go.
But then you read about some of the more famous traders who’ve made their fortune in a fraction of the time…
For example…
Who can forget when George Soros famously broke the Bank of England, scoring over a billion dollars in just a few days?
Reading a story like that can make you doubt your buy-and-hold strategy.
But one of the reasons most folks get confused is that they don’t know which camp they’re in. They get lost somewhere in the middle between being an investor or a trader.
They buy a stock “for the long-term,” only to panic and dump it the first time the market takes a tumble.
Believe me, we’ve all done it. Even if we don’t like to admit it…