Moving from investing to trading

A few tips for 2023 -   [Watch Our Replays Here]( [YouTube]( [Twitter]( Monday, Jan. 2, 2023 From investing to trading Hey Reader, One of the biggest hurdles many new members of the Money Morning LIVE audience face is smoothly making the transition from investing to trading. However, we need to clear that you do not need to choose one or the other. Trading and investing can coexist in the same portfolio. In fact, we would highly suggest a balance of the two. But if you want to start incorporating trading in your portfolio, there are some important ideas to understand. Patience First of all, like investing, trading takes patience, but it may look a bit different. While you are on the hunt for new ideas each day when trading, sometimes the setups you're looking for won't materialize right away. The last thing you want to do is force a trade that isn't there. Wait for the market to give you a high-quality idea and then strike. Strategy You will obviously need to know your exact strategy before hunting for trades. There are many different ways to trade, and it's not just as simple as deciding between day trading versus swing trading, or even options trading. There are more specific strategies within each of these categories that you will learn along the way. The Money Morning LIVE team was built to include different approaches and viewpoints to give our audience exposure to a multitude of ways to attack the market. Consider your personal goals (no, "getting rich" is not a goal) and learn how different trading styles could align with your goals. Forget the News! One unusual aspect to many trading styles is the idea of not caring about the news. This means that, yes, obviously as a trader you understand that the news moves stocks, but what often matters to traders is the price action itself, not the why. Many traders, like our own Kenny Glick, will tell you they don't care why a stock is moving. The running joke for us has always been "We don't know what this company does and we don't care." Sometimes with swing trading there may be opportunities to trade around news events, but this can be difficult since the market tends to be good at buying the rumor and selling the news, as the saying goes. From trades to holds The final idea I want to express here as far as the relationship goes between trading and investing is the ability to turn trades into investments. Sometimes what starts as a day trade works so well that you can keep part of your position on for quite some time. Let's say you buy 100 shares of AAPL as part of a day trade, but you also see AAPL as a good long-term investment, as well. If your trade pays you out fairly quick, maybe you sell 50% of your position for a profit, and then keep 50 shares of AAPL as either a swing trade (days or weeks) or even a long-term hold (months or years). We will have more advice like this coming up in the new year, as we continue to work and expand our trading resources. You can even check out our [Trading 101 Guide]( for more information... Back tomorrow morning! But of course, the best way to learn is by watching the free live show each day. The team is back tomorrow morning at 8:30 AM ET, so come join the [free chat room]( and let's make some money! See you all tomorrow. Garrett {NAME} Executive Producer, Money Morning LIVE   NOTICE: Tom Gentile’s new trading system might be the best in history with an [82% win rate…]( And average [gains per trade of 73%]( These are REAL trades, not backtested “what if” scenarios. You are receiving this e-mail at {EMAIL}, as part of your subscription to Money Morning LIVE. To remove your email from this list, [unsubscribe here]( or manage your Money Map Press [Email Preferences](. 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