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<p>[QUOTE=&quot;satootoko, post: 24002, member: 669&quot;]Let&#039;s think this thing through.&nbsp; If you are planning quick turnover you are talking about becoming a dealer.&nbsp; If you are planning to profit from sale at some distant future date you are talking about becoming an investor.</p><p><br /></p><p>My advice would be to decide which (if either) you want to be, and direct your efforts accordingly.</p><p><br /></p><p><b>One advantage dealers have over investors</b> - they (hopefully) turn their stock quickly and either make a small gain or suffer a small loss on each deal, but barring some kind of sudden market collapse, they aren&#039;t likely to lose their shirts in a flash.</p><p><br /></p><p><b>One advantage investors have over dealers</b> - there is a larger (though still statistically tiny) chance of making the big hit.</p><p><br /></p><p>Successful dealers in <i>anything</i> are people who have studied the market, the merchandise, and related historic trends.&nbsp; People who jump with both feet into dealing something with a great desire to succeed, but no relevant background, are very likely to fail, and the longer they persist the more likely that failure becomes.</p><p><br /></p><p>Successful investors in <i>anything</i> are people who have studied the thing they are investing in, whether it&#039;s real estate, stocks, coins, oil and gas futures, or whatever; along with the market and related historic trends.&nbsp; People who invest on the basis of gut instinct or what&#039;s fashionable, or a tip they overheard in an elevator, are doomed to failure.</p><p><br /></p><p>There have been a number of threads on dealer and investor techniques on this forum.&nbsp; I heartily recommend reading them.[/QUOTE]</p><p><br /></p>

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