When I made my last 2 trades back in January (bought Lockheed Martin (LMT) and Gluskin Sheff (TSE:GS)), a reader asked me an interesting question:
Why did you buy 2 stocks at their 52 week high?
While reading the question, I almost felt like an idiot. I mean: who would buy any good at its peak price? Why would it be different when you invest in the stock market? Technically, we always aim to buy low and sell high. How can you make it happen when you buy at the highest price over the past 52 weeks?