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<p>[QUOTE="-jeffB, post: 5388350, member: 27832"]A family member got heavily into day trading, and told me the fundamental idea was "buy stocks that are going up, and sell stocks that are going down".</p><p><br /></p><p>"But", I said, "all you can <i>really</i> know is that you're buying stocks that <i>have gone</i> up, and selling stocks that <i>have gone</i> down. Isn't that the <b>opposite</b> of 'buy low, sell high'?"</p><p><br /></p><p>He kind of nodded ruefully.</p><p><br /></p><p>So, good luck with your fortune-telling. For what it's worth, I agree that Tesla and Bitcoin are both more likely to go up than down in the short term. I'm just not confident enough of it to move into either one.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 5388350, member: 27832"]A family member got heavily into day trading, and told me the fundamental idea was "buy stocks that are going up, and sell stocks that are going down". "But", I said, "all you can [I]really[/I] know is that you're buying stocks that [I]have gone[/I] up, and selling stocks that [I]have gone[/I] down. Isn't that the [B]opposite[/B] of 'buy low, sell high'?" He kind of nodded ruefully. So, good luck with your fortune-telling. For what it's worth, I agree that Tesla and Bitcoin are both more likely to go up than down in the short term. I'm just not confident enough of it to move into either one.[/QUOTE]
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