The "buy low, sell high" mantra is meaningless without knowing an asset's fair value. A car has a stable market price, but most assets don't. Instead, measure "low" against market dynamics like option flow and order flow.
What do you think to the statement that people make in terms of buy low, sell high? I'm totally opposite to it. If you know the fair value of the asset, like if I would be doing this for a car that I already know the market price that is stable, the market price I can buy low and create my business around it. But market there is not too high of a price for one asset because the asset price change constantly. So is buy low. Low compared to what? Low compared to option flow. It makes sense. Low compared to order flow. There is no law.
