Alpha: work harder on yourself than your job; 20% of actions produce 80% of results; if you are going to assume, assume positive; following up to 100 accounts
The stats behind blue sky trades
Short-Term (Next Few Days to Weeks):
About 60โ70% of stocks that hit new 52-week highs tend to go higher in the short term, especially in bull markets.
This is based on momentum investing principles โ the idea that "strength begets strength."
Medium to Long-Term (Several Months+):
The percentage declines somewhat, averaging 50โ60% depending on market conditions.
Some stocks reverse due to mean reversion or profit-taking after a breakout.
Studies & Research:
Academic research and strategies like the 52-week high momentum strategy (first studied in depth by Thomas George and Chuan-Yang Hwang) found that stocks near their 52-week highs tend to outperform those far from their highs over the next 6โ12 months.
For example, one study found that the top decile of stocks based on proximity to 52-week high outperformed the bottom decile by about 8โ12% annually.
@DogStrategy_@DogStrategy_ is 100% a scam. They are not transparent. Look at the wallets and try to make sense of it and look at their minting that ended with no collection. You been warned
@IncomeSharks Very true. I struggle with this since starting in 2017. The ups and downs havenโt stopped due to my emotions. At this point, I wonโt give up because Iโve lost too much and gained too much at different periods that my emotions donโt matter to me any longer.
@GlobeEyeNews@trader1sz Battle between nations. We all get dragged into others agenda and have to deal with it. Humanity will continue to struggle because of greed, pride and tyranny.