"in discretionary the right position is almost always flat the right action is almost always do nothing 5x / yr there's free money on the floor pick it up then do nothing outperformance" After this trade, I'll be doing a lot of nothing. This was given to us on a silver platter. Think a lot of people would be better off trading less often. We aren't as smart as we think, we are lucky. We just think we are smart in these trends. The market fools us into us thinking we are smarter than we are. Don't forget that.