Experience as well as independent research show that in and out trading will not be profitable over time. Yes, occasional winners, due to rare market aberrations, are possible, but this only adds to further incentives for needless speculation.
Fees, as small as they may appear, plus price slippage, will add in tipping the odds against such traders. Moreover, the market is about 80% professional and has use of more effective mathematical models for so-called flash trading that gives pros the advantage in the game the smaller traders have entered. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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