According to Drew Day(I just watched a vid interview if him), institutions / funds have an edge over retail traders.
They have better tools / software, faster connections, better strategy , better data etc.
Is this true . I thought everybody was essentially on the same level. I can see how market makers can make a lot of money on the spread but we are not talking about MM's here, just big fund traders that have the same access to the markets as we do(or do we?).
What do you say can a retail trader be just as good as a big fund ?