Buy when a stock keeps going up. Sell when it keeps going down.
To quantitative investors, it’s dubbed the “momentum” trade — rooted in decades of behavioral analysis, backtesting and academic rigor. To TikTok users @ChadandJenny, a basic version of this follow-the-trend strategy netted a more than 2,000% return on the Robinhood app in a month, they claim.
“I see a stock going up and I buy it — and I just watch it until it stops going up and I sell it,” the user known as Chad said in a video re-posted on Twitter on Sunday that has been viewed 1.8 million times. “I do it over and over and it pays for our whole lifestyle.”
As markets keep going up, day-trader bulls are claiming bragging rights and mesmerizing Wall Street.
A sneak peek of one of our top secret trading strategies. h/t @ryanfeller_
6:16 PM · Jan 17, 2021
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