Buying low and selling high is a strategy that's very common, even among very novice traders. However, it's still excellent for traders who prefer to trade in the spot market, as achieving profit targets is always more difficult and requires a gradual approach. For those who prefer to hold for the long term and aren't overly concerned with small profits, this strategy will also be easier to implement because they only need to focus on the weekly or monthly buying point. The target selling price can be considered later when they intend to sell back into the market.