Is this a mean reversion strategy?

Discussion in 'Trading' started by ang_99, May 13, 2009.

  1. Pick 50 stocks that are trading either above or below their pivot (yesterdays h+l+c/3), short if trading higher than pivot and buy if trading below pivot. Close trade if pivot is touched or certain amount of time has passed.

    Simple profitable method right? Not sure, never tested it but sounds good.