I dont plan to learn how to trade short term. After reading around on here and other investment forums I am resigned to the fact that I simply dont have the time nor patience to learn all of the ins and outs, and for me, the risks of short trading are not worth the amount of time and effort necessary to learn. Therefore, I would like to develop skills for long term trading, that is to say investing (where do you draw the line between trading and investing?). As you may have read in my previous posts, I am not a fan of financial advisers and would like to be in control of my own investments. Ideally I would like to review my position every 3 to 6 months maximum. With this in mind, I would still keep my eyes on the financial situation on a month to month basis so that if a situation arises in which I should sell (as many of you did late last year / early this year) then I will. I believe I could still make a comparable profit with this style of long term trading - buying into a highly diversified portfolio (mostly blue chips) and selling when there is a high probability of the market collapsing (more or less riding the all ords / XJO and watching out for the bumps over the long term).
Would I be correct to assume that most of you are short traders? Does anyone else here subscribe to this long term style of trading? If so, do you have any resources that you could point me to in order to learn how I can do this effectively?