Short-term trading is for suckers and fools. Very few people are successful over the long run with day trading or any other kind of short term trading. Under-capitalized traders love day-trading, yet few show any profits after a year or two.

Our view is completely different; we are long term position traders that look for major market moves and look to hit home runs- not singles. Big money is made in major market moves- not the nickel and dime results sometimes produced by short term trading methods.

"The market is always right and price is the only reality in trading. If you want to make money in any market, you need to mirror what the market is doing. If the market is going down and you are long, the market is right and you are wrong. If the market is going up and you are short, the market is right and you are wrong. Other things being equal, the longer you stay right with the market, the more money you will make. The longer you stay wrong with the market, the more money you will lose."

Michael Gibbons

"I knew I could not predict anything, and that is why we decided to follow trends, and that is why we've been so successful. We simply follow trends. No matter how ridiculous those trends appear to be at the beginning, and no matter how extended or irrational they seem at the end, we follow trends."

"I don’t believe that I am the only person who cannot predict future prices. No one consistently can predict anything, especially investors. Prices, not investors, predict the future. Despite this, investors hope or believe that they can predict the future, or someone else can. A lot of them look to you to predict what the next macroeconomic cycle will be. We rely on the fact that other investors are convinced that they can predict the future, and I believe that’s where our profits come from. I believe it’s that simple."

John W. Henry