what about buying the high every day?

Discussion in 'Trading' started by 1a2b3cppp, Jun 27, 2018.

  1. Past like the first 30 minutes? How about buying the high every time there's a new high? This method would only lose money when price makes a new high and then drops under it. The method would only lose money on days that look like this /\ true?
  2. Just buy-and-hold.
    gkishot and murray t turtle like this.
  3. lindq


    Buying is easy. You'll find that it's the selling part that's the bitch.
  4. kj5159


    Where do you place your stop and profit targets?

    How do you define the high? Is it the high after the cash open? for that 24 hour period beginning with the overnight session? The high between some arbitrary time intervals?

    What if there was a higher high in the premarket and spot is now down from there after the first 30 minutes?

    What if the overall trend is down but you get a spike at cash open?

    How do you define a higher high in premarket?

    How do you define a spike?

    How do you define an up day vs down day?

    How do you know the high 30 minutes in isn't the overall high for the day when you buy it?

    Not trying to be a d*ick but I already tested something very similar to this:D
    Last edited: Jun 27, 2018
    e3v3a and DaveV like this.
  5. bone

    bone ET Sponsor

    As was previously mentioned pronouncing a price print a "High" can be a very fleeting proposition.
  6. Just backtest it. No need to speculate when it's pretty straightforward to find the answer to this hypothesis.
  7. dozu888


    why everyday? why do you have to exit at the end of the day?

    day trading is for cowards who can't handle any risks. grow a pair... look at long term charts... why exit at all?
    ftrexx1, murray t turtle and _eug_ like this.
  8. They


    Define 'new high'. .......Are we talking tick charts? :D

    Search 'Richard Dennis Turtle'
    murray t turtle likes this.
  9. maxinger


    huh? You scolding me?
  10. Lee-


    After you master that, you can furthur improve your system by simply also buying the low of the day. It would only lose on days that look like /\ true?
    #10     Jun 28, 2018
    Xela likes this.