Long-term Investing Versus Day-trading

[Long-term Investing Versus Day-trading]

Thanks for the link. You know, I think I'm trying to find some good advice on when to sell - because I never sell.

 

But if I'm up, say 75 percent on SPY, maybe now is a good time to sell. And then buy back in when it's lower.

[Long-term Investing Versus Day-trading]

Well yes, I can read charts. I mean, I passed the 3rd grade.

[Long-term Investing Versus Day-trading]

Thanks.

So is there some happy medium between long-term and day-trading? For instance, should I dump some of my stocks/ETFs when the market starts its slide that is inevitably coming, and then buy in again when they're lower?

[Long-term Investing Versus Day-trading]

I'm a passive investor, in it for the long haul. I buy... and buy... and buy. To hold, and hopefully, make some gains. And I have, in the 10 or so years I've been doing this. Started when I was 26.

 

So I have 2 questions:

 

-Is there a good book or website I can read to go further with my long-term strategies? Something mid-level and recent.

 

-And my biggest question: my parents recently bought and completed Online Trading Academy's courses. They are raving about it.

 

I have no intention of spending thousands of dollars to take it but I'm curious to know what they learned about day-trading... and if they could've learned it by reading a book. And if so, what book?

 

I always thought day-trading was akin to gambling...