Every trade under 26 trading days (about 30 calendar days) was profitable
On a profit per day basis, only 1 trade held longer than 30 days was more profitable than every trade held for 30 days or less
Conclusion: Even when the dollar value of the profit is not so high, it is more effective to use capital for short term trades, assuming all your capital is being utilized
If you have money sitting around not invested, then it may not being used most effectively.
The catch is finding enough opportunities to make short term trades successful.
In a oscillating market, often the profit potential of an individual cycle will be equivalent to 5-6 times the long term gain. Meaning, a fund that shows a long term trend in one year of 5%, may have many single cycles of 5%.
Trading an individual cycle will usually be better than the long term trend in terms of efficient use of capital
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