Discussion Starter · #1 ·
Is anyone else taking part in the Financial Post stock picking challenge?
Why would you view gaining experience in a poor practice as a good thing?I just think practice will make me a more experienced trader.
Just because it is so doesn't make it desirable.I'll bet the odds of winning that are better than the odds of winning the 649 and millions play that.
Simple. High frequency trading drives up frictional costs. That reduces your returns. Secondly, high frequency trading (as practiced by retail investors) is almost solely based on sentiment. There has never been any evidence that trading based on sentiment and noise in the market place has ever been able to deliver market beating returns over time.Also I don't understand why you think they are promoting bad trading?