 trades throughout the day like an individual stock it is actually in fact one of the reasons that josh and i use them with our own and our clients money is that you know if you think about all of those days in the market where you know we might get some bad news before the market opens market opens down that's the nasdaq or the the dow opens down six or seven hundred points right and then somewhere in the middle of the day we get some better news and market finishes flat or even positive well if you own the mutual fund you don't get to take advantage of that big