I wouldn't call Purina "recycling".
Buy high and sell higher and sell low and exit lower?
- Thread starter novicetrader69
- Start date
You sure ?...I wouldn't call Purina "recycling".
its a good place to start
low-high are the relative terms, but eventually any trader wants to buy at the beginning of the trend and sell at its end
but because the market is fractal in its nature its often happens that we operate in up or down trend of the a larger time frame, in this case buy high and sell higher applies as well as sell low and sell lower..
the problem with the books you reading they are written by the people who never really traded for living, and never really understood the nature of what they try to teach
as a result: the blind one (them) guide the blind one( you)
%%% Try to avoid dead stock, myself, in a bull market; but dead cat bounce can be helpful + fun.Lions are called varmints in TX. LOL
buy high sell higher - then on low buy and on lower low buy and then sell higher.
when you say "on lower buy and on lower low buy" are you suggesting to average down your first buy? Isn't averaging down something that all trader rule sets suggest you should never do?
nt
I think what he's saying is after you buy high sell high, and then on low buy on lower low, you then sell on the higher low while buying the lower high on the lowest low that went higher, while minding that you then have to lower sell the higher low and buy that high that was lower, later on...lower.
So easy a caveman can do it? ROFL.
i am just kinda joking that since the sp was trading 200 people been calling for a bear market. so it seems no matter where you in the market the right thing is to just buy. buy high, buy higher, buy low buy lower, buy in your sleep.
when buying highs you wait for the pullback then get in when your not sure if it will continue but make the stop a sar.
averaging down is very bad for most but if you have a momentum system that is longer term and you have a timing method to trade counter to it to enter yes i would average down up to 3 times beyond that it should exit or reverse. it works is all i know.
This strategy works great on ETF index trade especially in 2009. Since no one can tell when the market has bottom. This strategy needs the "balls of steel."
