Buying Stocks at All Time Highs

Last week, I said I would consider buying more AAPL shares once the stock hits $195.

Why would I do this? "It's insane to buy shares at all-time highs!" - people say. 

No. It's smart.

Here's why. I only buy stocks with rising 5 yr, 1 yr and 3 month charts.  That means, these stocks are always hitting new highs.

I set up buy signals, and then I buy more shares once the stock goes up $5-10 a share from the last time I bought.

In this case, the last time I bought AAPL was when it was $185. I buy more AAPP shares when the stock moves up $10. So, the next point AAPL has to reach for me to buy is $195.

Does that mean I buy at $195? Maybe, maybe not. I will try to catch those shares on "sale" at the $185-$190 mark once the shares experience a small pullback because as long as the 5 yr, 1 yr and 3 month chart is rising, it shows me that instructions are in those shares and want to push them even higher still.  If I can't get the shares for $185-$190 in the next month and I want them, I will buy at all-time highs.

People often think this is insane, but that is a flaw in retail trader mindset. Institutions don't think this way, and they make way more than we ever will. So, being that this is true I do what they do. :)

Remember that the all-time high for AAPL (post-split) was once $125, $135 $145, $155, $165, and $175...