52 Week High Strategy

Trading Discussion
1

Hello you very wonderful and intelligent people that make up this forum. I truly hope you are happy and having a successful week.

I have been trading stocks for some time that have reached a 52 week high, i have found this is a great indicator of an uptrend momentum. Often stocks, continue to peak, sometimes retrace and then the momentum continues. I please wondered if it would be reasonable to keep increasing my investment, when a stock that is reaching a 52 week high retraces slightly please before the momentum continues? As i would like to try increase my return on trading as much as possible. If anyone kindly had any thoughts on this i would be forever grateful and thankful it would mean the world to me.

Sending you lots of good wishes and i truly hope you continue to achieve massive success with your trading and continue to have a wonderful life. With my every best wishes to you and hope you have an amazing future. Take care.

2

Hello you wonderful and amazing person that make up this forum. I am very sorry to follow-up on this as i appreciate you will be very busy. I please kindly wondered if you had any thoughts on the above please even if it was just a few sentences it would mean the world to me please? Very best wishes to you and hope you have an amazing week.

3

In my case I would rather diversify into other stocks/markets instead of pyramiding positions on the same instrument, but it’s up to you according to your own risk appetite. For example, the turtle trading system had a limit of 4 “units” for pyramiding the positions - not sure whether it was 4 or 6.

1 Like