|
Quote: |
|
 |
|
|
dog is right, being nimble has its advantages. I remember when I would visit mutual fund co's that were trying to get us to sell their funds and one of the biggest (American Funds) and one of the best would tell us that it takes MONTHS to build and MONTHS to unload a position. When you get so big, you have to enter positions in such a way as to not raise any flags which is easier said than done.
There's something to be said to be able to flip on a dime, but that also implies you are trading very little in the grand scheme of things. I'd like to think of myself as a nimble, bigger little guy.  |
|
|
|
|
This would go along with George Douglas
Taylors beliefs...Tom Williams...and many others. The months and months to unload means they have to manipulate the markets to do this. They have to set themselves up to accumulate and distribute and all this takes time.
My thoughts on the discretionary traders place in the future: There will always be a place for him. Adaptation will be required but his place is secure. Think of all the automated processes NASA has in place for the space shuttle. Yet every flight must have, and needs human decision making and input. Will we ever fight our wars with robots? Perhaps, to some degree but never completely. Our ego would not allow that. Neither will it for trading. As long as there are markets there will be humans involved in making trades directly. My .02 worth! We will figure out how to beat the machines!
