Ned Davis, the founder of his namesake research firm, found success as a day trader for about three decades. But now, he wouldn't even try it.
div > div.group > p:first-child"> "I wouldn't touch it with a 10-foot pole now," Davis said at the company's annual investment conference in Boston on Tuesday.Algos refers to computerized trading, where a computer executes trades in fractions of a second if certain conditions are met.
When he was a day trader, Davis said, he was able to take advantage of inefficiencies in the market and make money off of them. Now, algos compensate for them almost instantaneously.
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