Money Clinic with Claer Barrett Best of Money Clinic: Investment Masterclass with the Naked Trader
Sep 6, 2022
In a captivating discussion, Robbie Burns, known as The Naked Trader, shares his patient investing wisdom. He argues against day trading, emphasizing a slow-and-steady approach for success. Robbie covers the power of utilizing tax-free ISAs for investment growth and the discipline required for effective trading. His insights on short selling and maintaining emotional control in the market provide valuable guidance. With practical tips and personal anecdotes, he inspires listeners to set sensible financial goals and seek long-term gains.
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Patience is Key
- Be patient and hold investments for a while.
- Let your money grow steadily over time.
From Journalist to Trader
- Robbie Burns started trading as a journalist at Sky TV.
- He quit after three years to trade full-time when his trading income surpassed his salary.
Day Trading is Gambling
- Avoid day trading; it's like gambling and most people lose money.
- Focus on long-term investing instead of chasing quick profits.
