Don’t judge each day by the harvest you reap but by the seeds that you plant.
—Robert Louis Stevenson
If buy-and-hold investing were an S-class Mercedes (looks great in the driveway, but it’s expensive when it breaks down), and short-term trading were a BMW Roadster (fun to drive, but the daily maintenance is really annoying), then the kind of trading taught in this book would be something like a Toyota Highlander. It’s not the sexiest car on the block, but it will let you sleep at night. Our strategies are performance-oriented without sacrificing efficiency and reliability.
Our trading approach seeks an effective synthesis of two, seemingly incompatible, financial goals: lower volatility and higher returns. ...