what about buying the high every day?

Cowards? I don't think so. Anyway, I've been a long term chart investor way before I got into day trading...it's called diversifying income streams. I guess that leaves me with only half a pair?

 

Many years ago Shoenfeld Securities used to have their traders do things like that and they made money! Buy the green and sell the red!

However, that party ended long ago and they let go of almost all their manual traders.

Algos are on top of the simple things now:

 

It is called trend following per mike coval.

 

The "ACD system" will interest you. There's a very long thread on it, here.

Sadly untrue. The underlying reasoning has some validity, for sure, but as always the devil is in the detail.

 

Sorry guys I meant buy the new high every day.

 

Be nice.

 

Are you able to explain the outcome?

 

Are you saying buy if price is breaking the previous day's high? Define 'new high'.

 

What happens when it hits a new high right after you buy? Do you buy again? You could be buying all day long.

 

I always thought the ultimate goal was to SELL at the highs. *shrugs*