I think buy-and-hold means you're going to buy and hold an asset regardless of short-to-medium term fluctuations and reconsider your investment at a later, unspecified date. I'm not sure it means you intend to hold the asset indefinitely.
The traditional (hard-line?) view of buy-and-hold is you buy the shares, take as little dividend income as you can and re-invest the remainder in more of the same shares but if all goes well never sell any of the shares through your life-time. You hope that by the time of your retirement the dividends will be paying a comfortable income. After death they are allocated according to your Will and you hope that your children / beneficiaries will adopt the same never-sell policy. This isn't something I do or recommend......
Actually, there were many selling short stocks in 1929, Jesse Livermore making in excess of 100 million. Actually the sky is not always blue. www.sciencemadesimple.com/sky_blue.html It can turn to different colors because of changes due to sun, moisture, gases and Electromagnetic waves, and "blue" is actually made of other colors. So when you take an image of blue, do you actually know the percentages of the other colors? Where is your proof? Am not trying to start a war, we all have beliefs of what is right and wrong, I am very thrilled you have done well based on how you trade. I too have taken very small amounts of funds and snowballed huge in a week, but the amount of time to do so manually, I lost money cause my time is worth so much more elsewhere. I can see posting to your whims I would need prove in every statement and simply don't have time. Wish you good trading and adios.
I remember looking at the difference or spread between price and its average. I viewed it as momentum , as the rate of change of price greatly exceeded the rate of change of the average price. This custom indicator would stop at a percentage repetively for a given instrument. At that time,obviously, momentum in price was decreasing and the momentum in the average was increasing. No comment.
Just test MA variations out for yourself. Best way to kill the curiosity. I never found value in them.
Hi Turveyd, Thanks for the info. A question, do you put the MAE and BB in one chart? Or two separate chart just to compare? Thanks!
I just saw that this person was banned from the forum not too long ago. Glad I did not let their advice dissuade me on my journey. I recently finalized the parameters/settings of the moving-average-based system I was developing at the time of the above post and am totally pleased with how it is currently performing, so I’m thankful I had the wherewithal back then to abide by my convictions, regardless of what this individual had to say.