The truth about short-term trading

About this episode

Hi everyone, I'm Doug! This episode of FIRE University is about the truth of short-term trading. Many people think jumping in and out of the market is a fast way to get rich, but they forget that short-term trading is a zero-sum game: when someone wins, someone else loses — and trading costs are deadly for small investors.

We'll also expose the myth of survivorship bias, and why short-term traders are always the loudest. Rather than wasting time on pointless sprints, choose the simplest way: hold passive ETFs for the long run and let time and compounding build your wealth for you!

There are no miracles in investing, only the power of accumulation!

Parts of this episode draw on Buy and Hold (長期買進) by Chou Kuan-Nan.

The episode is in Mandarin Chinese. These notes are translated from my original show notes.