Why is long-term investment more successful than short-term trading?

Long-term investment is the result of significant capital fully engaging in the market, with a firm will that is difficult to change once established. Short-term trading, on the other hand, involves various types of capital frequently entering and exiting without a stable position, leading to unpredictability.

To evaluate the market participants, ultra-long-term investors are like dealing with saints; they are honest, upright, and willing to contribute.

Long-term investors are gentlemen; at least they won't deceive you.

Medium-term investors are ordinary people, who sometimes may have slight emotions.

Short-term traders are generally of lower character; they love to lie and boast, but still possess some conscience.

Day traders are like dealing with a bunch of beasts; they not only lack integrity but are also lazy, hypocritical, cunning, and ruthless.

Therefore, the most important thing for a person is to have self-awareness, to accept their ordinariness, so they can make the most beneficial judgments for themselves.