Trading Tip: Buy Low Sell High?
From Greg M
Who ever said “buy low sell high” was wrong..
If an asset is trading lower, generally it is doing so for a reason.
Me, I like to buy high and sell higher.
If an asset is trading higher/is in an uptrend, THAT is when to buy!
If you are attempting to “buy low” then you are in the business of attempting to pick bottoms- good luck with that..
PROFESSIONAL TRADERS TRADE TRENDS! They DO NOT attempt to be bottom and top pickers…
GM
How do you gauge when to sell higher? Is there a chart to know the top or you just pick a %?
How does that coincide with "Lions, I vastly increased my position in DASH. I bought heavily at $153" Which is down from $350 a few days ago. Is it because the bottom was hit and it's trending higher now? Also saying "If an asset is trading lower, generally it is doing so for a reason" as a hard-fast rule contradicts dollar cost averaging, which is what you are doing with DASH? I agree with not trying to pick bottoms, but it was an odd alert after the DASH alert.