Actually, considering that on average, the stack market has grown over the years, this seems like a good strategy. It's why mutual funds and the like exist: individual enterprises come and go, but the economy is constantly growing. If you you invest widely across the economy, you should see fairly consistent growth (with a few spikes and dips which cancel each other out.)
Right, but the default stock order only lasts 20 days. Surely the small delta up trend of the market doesn't affect a 20 day order in any significant way?
Whatsay over a given year the entire stock market grew 10%. Then the average rate of growth for every stock is 10% per year and so for any given stock for any given period over a period of 20 days the average growth would be 10%/18.25, or .0054. So, if you consistently buy, you will on average, profit about that much per trade.
Yep, that's what a lot of people are seeing. Just execute a bunch of buys, and watch your account grow! I'm going to add an APY feature, so whoever has the highest percentage gain per time in the market will be the leader. This will take away the "I bought 500 stocks and now I'm in the lead" account. (And the trade length is in trading days, 20 roughly = 1 month)
This confirms my opinion that chart reading is nonsense.