Why do longer term traders hate day traders

I don't get it. But I find this to be pretty consistant.

I recall some hedge fund guy on CNBC talking about about how is fund is so good, and is like "I'm an INVESTOR, i don't do that quick in and out garbage"

why such the hatred?

 

Because they're lazy and always have an excuse handy for when things get messy.

 

1) Longer-term investors tend to be elitist, overeducated fools who believe that trading/investing has to be "rocket science".
2) Short-term trading is "difficult" for long-term traders.
3) Short-term trading is performance-oriented. Longer-term trading is management-oriented.

 

Coz their buying somebody's propaganda.

 

just hiding his/her incompetence nothing else.

 

Many long term asset managers would love to get involved in short term strategies but,

a) Don't have the experience or staff with the experience to do it

b) Don't have and often can't afford the investment in infrastructure, software and operations to do it.

There is also a large proportion of asset managers who have it firmly in their heads that short term price movement is 'noise' and something to be filtered out rather than exploited. If you are managing billions of $ then there is limited performance benefit to be had in short time horizons.

 

'cos our returns are better, they're still struggling to achieve double digits

 

Should be: they're

 

The fund managers actually hate anyone that sells a position, as that could reverse hope of upward momentum. They support higher short-term taxes, etc. Their goal is to achieve higher gains through regulation of trading, don't even hear them talk of promoting an environment of economic expansion. It is a sickness worthy of therapy.

 

1) Longer-term investors tend to be elitist, overeducated fools who believe that trading/investing has to be "rocket science".

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I always picture them as pipe smokers in leather chairs.