Ride the (equity) waves: The power and pitfalls of momentum investing
The conventional thought process when investing in the equity markets is to buy low and sell high, correct? What if we told you that you could buy high and sell higher? Yes. You read that correctly. Buy when a stock is at elevated levels (price-wise) and still make money.
But experts note that there is no magic wand involved in picking such success stories. It’s just plain old research, due diligence and hard work.
“Stocks hitting all-time highs often have a greater probability of continuing their upward move compared to those not making new highs,” says Arihant Bardia, CIO and Founder, Valtrust.
Have you ever noticed how sometimes a stock that’s already going up just keeps going up? Or how a struggling stock continues to…
