I've got my indexed 401k and that is on set it and forget it, but I've got a taxable account and Roth IRA that I am doing pyramid trading in. Its been working quite well for me.
Think William O'Neill and Mark Minervini.
Its pretty insane how little I see people discussing this type of approach. From my angle its one of the only ways to get an edge in the market. Not only that, its mechanical and has a low cognitive load compared to other approaches. Also doesn't require one sits in front of a computer all day watching charts...
Buy high, add when the market rewards you. Add again when the market rewards you again.
Always keep downside limited (1% of portfolio) and let asymmetry work in your favor by letting the winners run long and hard.
Anyone else doing this?