Every Stock Trader Must Secretly Wanting To Become The Next Warren Buffet
A stock trader can either be a firm or an individual whose main activity is buying and selling stocks and also bonds, or in some cases, even various financial assets in the financial markets. However, those who trade in stocks as their main activity are generally the ones know as stock traders who are actively engaged in profiting from price-volatility in the short term since most often, such trades last from just a few seconds to as long as a few weeks.
Professional Person Or Company
Usually, a stock trader is a professional person or company who may even be practicing stock trading either full time or part time and so, may be practicing other professions at the same time as well. Sometimes, a stock trader may even have clients for whom he acts in the capacity of a money manager or even adviser and with the intention of creating more value for his clients and in such instances he is more often considered as being a financial adviser rather than a stock trader.
A stock trader generally works with a stock broker such as banks or even brokerage firms who in turn will be in touch with the stock markets, and unlike in the past when the brokerage firms had to be physically present in the stock markets, today, thanks to the Internet, all they need is a computer and internet connection and maybe even some specialized software and they can reach whichever stock market they wish to access.
In the course of recent years and even from way back in time, there have been several famous stock traders that have earned enviable reputations as well as amassed considerable wealth because of their expertise in stock trading, and perhaps the most famous name among the various stock traders and stock investors is the name of Warren Buffett, who in the modern times has set the standards and even redefined stock trading practices.
A little known but interesting fact related to stock traders tells us of Isaac Newton, the world renowned physicist who lost considerable sums of money in speculating on shares of the South Sea Company in the early eighteenth century and it is believed he lost as much as more than twenty thousand British pounds in those days, which today would have amounted to a little more than three million dollars. This led him to say "I can calculate the motions of heavenly bodies, but not the madness of people."
This is something that every stock trader would readily avow as being true, even in these modern times and despite all of the information that we can access with just the click of a mouse button. Still, the urge to become the next Warren Buffett continues to attract more and more people into trying their hands at stock trading.
