I am not trying to be technical. But there is no other way of explaining it.Julius_Seizeher said:
People do beat the market consistently, Condorcondor may and do it consistently for years, but I am highly suspect and some here have taken the same punts, which they should be very wary of.
What do you mean flipping? As in, in and out in a day? Flipping generally means showing a large bid in the market depth and then selling at market (aka Paul Rotter, also known as 'the flipper'). This is intraday flipping, which I also traded hundreds of times a day doing as a local, so I understand the mechanisms required to do this style of trading and what bites you. That being said, this kind of strategy, trading in and out of pennys each day, with their wider spread and thin liquidity, makes the market MUCH harder to 'beat' (depending on your definition of that). Unfortunately, average Joe high frequency trader extremelly rarely makes money in the long-term. There have been numerous studies of this with broker statements. Average joe buy and hold or long-term trend follower, is much more likely to make money.
Just the facts.
