I don't mean to be ignorant, but why have so many hedge funds and traders wavered in the past two years? I know some traders are better than others, but my trading has remained the same since before 2008. I find no huge difference in my performance. I have drawdowns, and I have highs. I make dumb mistakes, but also stay to my rules and make money. I have had no multiyear drawdowns. If you showed me the same chart multiple times, I would trade it the same way - same thing with interest rates and options. I guess I am missing something. 
If anything things are easier because of lower costs, and brokers are better. ECN s are better than before imo and available software is much better and cheaper. I cringe when I look at old Bloomberg terminals and beige flat screen monitors.
Maybe banks being limited by Dodd Frank have had an impact?
If anything things are easier because of lower costs, and brokers are better. ECN s are better than before imo and available software is much better and cheaper. I cringe when I look at old Bloomberg terminals and beige flat screen monitors.
Maybe banks being limited by Dodd Frank have had an impact?