When appropriate :-)
> you're almost certainly worse off trading
> than just buying & holding
You're speaking on a "risk-adjusted" basis of course?
My personal trading style can be summed up like this:
- Get an idea; no ideas? Do something else.
- See if it's actionable; it's not? Do something else.
- Determine tax advantage; choose account appropriately.
- Enter position
- Change my mind about the idea? Exit position.
- Underlying factors leading to the idea change? Exit position.
"Holding" (outside of continued support of the idea) in this scenario is just dumb and leads to disproportionate risk-adjusted losses.