The Lonely Trader has a view on forecasting that I think is consonant with my own, and makes good points about trading timeframes. I have always been more interested in fairly long-term trading (tending to weeks, months and occasionally years, rather than days or minutes), although in the paradigm of “investing” I would probably have been seen as a medium-term investor, and ultimately that has been quite successful for me, but in my opinion the most recent market conditions have been more rewarding to shorter-term traders. I’m wondering if I should adjust my strategies to adapt to the market as I see it, rather than being too rigid and “sticking to my strategy”, or perhaps just stay out of the market until there are more obvious, larger-scale movements (this could take a while to play out, however). Philosophically, I like the idea of adaptation and being able to work in any environment, but that may be the realm for only the very best, much like only a fraction of people in any field have the ability to perform in any situation.
Posted by Nelson Yee