Veteran Trader John Person: The Decline of Buy and Hold Strategy

Tuesday, 26 Feb 2013 01:47 PM

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The decline of the buy and hold strategy was one of the topics addressed by veteran trader John Person during the New York Traders Expo.

“I don’t think a lot of people are really buying and holding like they used to 20, 30, 40 years ago,” Person, who is the founder of www.nationalfutures.com, told Newsmax TV in an exclusive interview.

“We’ve definitely seen an increase in sharper moves in a short period of time, which requires traders to keep a closer eye on their positions. With the advent of computer technology and the speed in which information is delivered, it’s important to be able to analyze that information so that traders can make a formalized, educated and quick decision.”

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Person also addressed the issue of investors looking to move beyond trading exclusively in stocks.

Editor's Note: How You Lost $85,000 During the Last Decade. See the Numbers.

“We have a lot of visitors here that don’t work during the day and they want to capitalize in the foreign exchange market and they are looking for short-term moves,” Person said.

“We have individuals … and they are looking to learn how to hold positions overnight. It’s not just about looking at the technical trade signals as much as the execution and how to position themselves with getting in and out of the market.”

Another question that was dealt with was if individual investors could compete in the realm of high-frequency trading.

“The high-frequency trader is dealing with a very short term and trying to take a very small piece on very large positions,” Person said.

“The retail trader and the individual investor is probably into the trade for a lot longer than a millisecond or for maybe two or three minutes and, therefore … an individual investor probably has a more level playing field in investing than in any time in the past.”

Stanley Dash, vice president of Applied Technical Analysis, discussed an increase in business and the demand for education.

“There certainly has been a steadiness and a pickup in business,” Dash said.

“A lot of people, of course, have backed off the markets following events over the last few years, but people are re-entering now and they are looking to be a little more professional, a little more educated, and that’s the right kind of trader, and that’s the kind of client that we like to deal with.”

Editor's Note:
How You Lost $85,000 During the Last Decade. See the Numbers.


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