Actually, I agree with you, but the owner of a smaller level of assets frequently wants to catch up and gets anxious and then starts to make BIG ASS mistakes..
Probably the most important point in your response. Perhaps the most important part of having a strategy, is that you have a mechanism for dealing with both market boredom (price in a tiny range for days on end) and market terror (to the point where your brain has a hard time catching up with the level of change).
The strategy is methodical. It will never yield results as good as the uber-trader who somehow 'knows' what point the lows are, and 'knows' what point the highs are. But it will always be positive. ( I really fee that uber-trader is just lucky, and everyone's luck runs out some time).
I'll dig through my post history, and find the clearest to day exposition of the process. Just for you. Well, you and everyone else reading.
