Opinion on day trading vs long term investing for stock market newbies

As moomoo is fairly new and there are many people who are only starting to be exposed to stock market, it might b tempting to want to make money via day trading, but here are some words of caution

1. Statistically your chances of making money consistently frm trading is at best 50%, that's a coin toss, you're better off trying ur luck in a casino

2. You've prob heard of many famous investors (Peter lynch, Warren buffet etc) but there aren't many (if any) famous traders, and the investors are always richer than the traders, there's a reason for that

3. Prices are driven by sentiment in the short term, so saying that you can predict human emotions using just technical analysis is complete BS to me

4. If u must trade, I would advise trading based on fundementals or news instead, but your chance of making money consistently is still low cos you could still be wrong in the short term, remember prices driven by sentiment in the short term

5. Fact is, the longer ur time horizon, the better your chances of making money

6. Brokers encourage u to trade cos the more volume / transaction, the more fees they make

7. The same thing goes for using leverage or trading options, I would advise beginners or even experienced investors to stay away

8. Long term investing is basically do u think this company can make more money than what you're paying for right now?

9. Those interested in value/fundementals investing might Wana learn how to analyse companies, do valuation, industry analysis, read economic datas, the list goes on, but get the basics first

10. Stock market is a wealth transfer machine, the impatient transfer their wealth to the patient ones

11. If you think u are smarter than others, statistically you're not, but that's okay, average return over an above average duration can lead to massive gains, remember time and compounding is your friend