Lots of traders think they have an edge, or hope they can find one, yadayada... Fact is, there is NO EDGE on the markets that is legal. Only ones I know of are illegal.... front-running and trading on insider info. Anything else traders think of as "edge" is delusion. (Even if you are a disciplined, savvy technical trader and believe "that's my edge", it isn't. You may have a comparative edge vs. other traders, but that's not the same as having an edge on the markets and in your trades. Trading the markets is plenty difficult enough without deluding yourself with the false notion of "edge".)
If you're a "half-decent" trader, you can STOMP Buffett's "buy and hold". Actually, that's NOT a true statement. Buffett had a bet with a hedge fund 10 years ago that buying and holding the index will beat an index of hedge fund managers(supposedly "half-decent" traders or active managers). And the hf manager lost the bet. It's kind of difficult to beat buy and hold a broad index..
US stocks are doomed for bull run, simple because aside of systemic flows their expected dividends are positive
Someone with an investor mindset trying to communicate with a trader (speculator) is like a Navajo trying to communicate with a Hindu.
I have both mindsets. I have both a long term account for investing and a short-term account for trading. But I lean toward more trading but I appreciate long term investing via 401K etc.
Why would one trade in a taxable account (presumably generating taxable short-term capital gains) while keeping buy-and-hold investments (which don't realize capital gains until sold) within a tax-sheltered account?