There’s direct correlation between activity & returns in stock market.
Frequent buying & selling will make your broker rich.
Higher the activity, the lower the returns would be.
Lower the activity, the higher the returns would be.
No doubt, many traders make low returns than investors. 90% of these traders are into losses as per the latest data. Of the remaining 10% profitable traders, the transaction costs eat something around 15-50% of their profits. This is what the published data says.
Name me a successful Billionaire Intraday trader.
There are countless successful Billionaire investors.
I rest my case.
Buy & hold is one of the best strategies to build wealth (Of course in quality companies).
