I just have a different trading style zab. A long term investor tries to buy at a price and sell at a higher price. That's what I do. I see no moral superiority for those who are long term holders. I hope they are successful, but I hold no special place for them. I do respect those who are able to buy solid companies that grow over time and pay dividends. This used to be the game; it's a very small game now. A very short term trade is a speculation. So too is a very long term trade.