Discretionary trading expects continued tough time in 2009

With markets expected to remain unpredictable and chaotic through much of 2009, forecasting the outcome of any trading strategy is like pushing a camel through the eye of a needle - impossible.

Discretionary traders are no exception. They have overcome major obstacles and produced above-average returns in 2008. However, the future remains uncertain. What has become apparent is that managers will have to be responsive and adaptable to eke out positive returns in a challenging 2009. As discretiona