The Price Action Continues to Support Higher WDAY Stock Prices
WDAY Stock: This Is Why Backtests Are an Optimal Time to Enter a Position
They say the most difficult part of investing is trying to time the markets. From an investor's standpoint, we always want to pay the least when acquiring a position in a stock and receive the most when exiting a position. Both of these propositions are nearly impossible to capture on a consistent basis.
For argument's sake, I am going to entertain the idea that entering into a stock at an optimal price is not only possible, but quite achievable on a consistent basis. In order to illustrate this possibility, I'm going to pull out a concept known as a backtest from my bag of technical.
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