Hi 1step, Of course you'll get better results if you buy when the stock is low and then recovers. How do you propose to study this. The problem is: you go to buy a stock and have no idea which way it's going to go. If you spot a repeating pattern you can buy on some indicator as a low on Bollinger bands or Williams indicator, but there is not guarantee that the stock is not heading lower.
Because of this uncertainty I like to build up my position over 2-3 buys over time -- that tends to hedge my bets and I start on a pullback.
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