Why Do People Buy At A Top?

[tradingjournals]

If you understand why people buy at a top, could you share it?

 

[piezoe]

Read "The Soros Lectures at the Central European University", available on Amazon.

 

[actionzip54]

Because it's the most funnest way to buy.

 

[dbphoenix]

Quote from tradingjournals:

If you understand why people buy at a top, could you share it?

They don't know that it IS a top.

 

[blakpacman]

Because they think it's going higher, maybe a lot higher.
Someone who bought a seemingly high TSLA at $100 has been rewarded.
Same for those who bought seemingly high AMZN @ $200.

 

[a5519]

Buying new highs with a proper money and trade management is a profitable trend following strategy.

 

[Trader.Fighter]

Short pain buys tops.

 

[NoDoji]

Quote from Trader.Fighter:

Short pain buys tops.

 

[R. Raskolnikov]

I don't understand this question. There ALWAYS has to be someone buying what eventually becomes a "top". Never in history has a top been put in without SOMEONE buying it. Same goes for those who sell a bottom.

Quote from tradingjournals:


Why Do People Buy At A Top?

 

[kut2k2]

Quote from tradingjournals:

If you understand why people buy at a top, could you share it?

How would knowing this factor into your trading strategy?