Why do longer term traders hate day traders
- Thread starter Sky123987
- Start date
Because they're lazy and always have an excuse handy for when things get messy.
Many long term asset managers would love to get involved in short term strategies but,
a) Don't have the experience or staff with the experience to do it
b) Don't have and often can't afford the investment in infrastructure, software and operations to do it.
There is also a large proportion of asset managers who have it firmly in their heads that short term price movement is 'noise' and something to be filtered out rather than exploited. If you are managing billions of $ then there is limited performance benefit to be had in short time horizons.
a) Don't have the experience or staff with the experience to do it
b) Don't have and often can't afford the investment in infrastructure, software and operations to do it.
There is also a large proportion of asset managers who have it firmly in their heads that short term price movement is 'noise' and something to be filtered out rather than exploited. If you are managing billions of $ then there is limited performance benefit to be had in short time horizons.
'cos our returns are better, they're still struggling to achieve double digits 
The fund managers actually hate anyone that sells a position, as that could reverse hope of upward momentum. They support higher short-term taxes, etc. Their goal is to achieve higher gains through regulation of trading, don't even hear them talk of promoting an environment of economic expansion. It is a sickness worthy of therapy.