Investors Giving Up on Buy and Hold

By on August 26, 2009

The Los Angeles Times reports that investors are increasingly taking up day trading since the results from buy and hold have been dismal this decade. Susan York is featured as an example of this new breed of trader, who claims to be generating 40% returns per month.

SMA Comment: I’d like to see Mrs. York’s brokerage statements through the end of the year, because I figure that even if her stated returns are real, she’ll give up the gains when the law of averages rear their ugly head. The L. A. Times should provide examples of traders who’ve gone bust trying this approach; because they outnumber the winners by a large margin.

Source:

http://www.latimes.com/business/la-fi-trading25-2009aug25,0,2266089.story
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