Adrian Reid prefers end-of-day trading over intraday systems because it takes only 10-30 minutes daily and avoids the pressure of constant monitoring. Intraday trading is dominated by hedge funds and quant teams with better technology, while swing trading faces less competition.
There's actually very limited value in spending more time trading. I like end of day because I just don't want the pressure of having to monitor my trades intraday. When I was working, I traded because I wanted to have freedom and I had a job and I had trading on the side. When I no longer had a job, I didn't see any reason to take up my entire life by expanding the amount of time my trading took. Because there's actually very limited value in spending more time trading. If you've got good strategies that are end of day, you can do your 10, 20, 30 minutes a day to run your portfolio strategies and that's all you need to do. Spending three hours looking at it is probably destructive. I'm not a huge fan of intraday systems. There are ones that work. There's definitely short term algorithms that work, but it's, it's tough because there's a lot of competition at the short term end of the market. There's a lot of hedge funds and CTA and whatever that have supercomputers and lots of quants and PhDs in math doing trading at the very short term end and frankly that's tough to compete with. But if you go longer term, there's less competition. The swing trading trend trading sort of durations, you know, holding for weeks to months is much lower competition than trading, you know, five minute charts, for example. It.
