Derf, >> all time highs <<
Yes, it seems like a lot of stocks are now at / near their all time highs. But for stocks like AAON, the long term trajectory has been well established over many years, so I see it as a long term buy / hold. It has reached the upper boundary of its long term channel, so one trading strategy might be to take profits and then try to re-enter later once it returns to the lower channel line area. But you would have to be right twice -- at the exit point, and again at the re-entry point, so getting both right would be a tall order. So with these I figure long term buy / hold makes the most sense.
For active trading strategies, I tried different approaches over the years, but never found one that worked consistently. I tried biotech stocks (big mistake), and also did a few 'pincher plays', which were fun to analyze on the charts, but are treacherous. A conservative trading approach would be to channel trade a stock during an extended uptrend or downtrend. This should be a high percentage strategy since the odds are that an established trend will continue / resume. Covered call options is another conservative idea, as a way to enhance the yield on a stock you already own, though I haven't tried it,
Lots of ways to make or lose money in the market. I figure buying quality and holding long term has its advantages :o)
---
News 
Market Data 
Discover 
