“Trend following is one strategy. Day trading is something else…”

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I’m definitely attracted to the simplicity of what you’re teaching. My major question is this: You’ve mentioned that day trading is garbage, but if the stock market is fractal, why wouldn’t trend following work on a shorter timeframe? I’ve been following Tim Sykes and Nate Michaud for quite a while now, and both of them do very well with short-term trading.

Thanks Mike, and have a great day!

Trend following is one strategy. Day trading is something else. Fractal or not, two different philosophies, two different strategies and two different sources of alpha.

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