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This is my stock market strategy for December 2022. ROOKIE STOCK BUYING STRATEGY Buy only S&P500 stocks for growth and dividend (if holding for too long). Find SP500 stocks with RSI below 40... If too many, find PEG less than 1... https://finviz.com/screener.ashx?v=111&f=idx_sp500,ta_rsi_os40&ft=4 See moomoo or Yahoo finance... Use RSI+BOL+ OBV strategy - May 2022 RSI. Cross above 30 (buy). Cross below 70 (sell). OBV. Bounce from extreme low (buy). Bounce from extreme high (sell). BOL. 20, C,2. Fall out of band and back (buy). Rise out of band and back (sell). All 3 must meet the criteria at closing. Plus buy only if company is profitable (Yahoo finance) and undervalued (simply wall street). ROOKIE STOCK SELLING STRATEGY Check holdings every day for RSI+BOL+ OBV sell signal. Sell on signal even if it's a loss (capital cashflow is better than stuck and falling losses...

Never Chase Stocks

December 29, 2020

Never Chase a stock that has peaked. Today, impulse and fomo took over me. Queued to buy BLDP at US$23.90... the support level... Done! Lost some money. Let's be disciplined and stick to my checklist. Rookie Daily (Not Day) Trader premarket Checklist: 8.30am NY time: Watch TraderTV Live ... get stock hints... get the feel... 3 hours. Check MarketWatch Premarket Leaders ... pick and analyze rising stocks. Check Yahoo Finance Earnings Calendar ... pick stocks that have not jumped. Check Mergers and Acquisitions at MarketWatch , Reuters , and CNBC . Strategy formed from real life lessons: Trust Supertrend... Ignore the news analysis (remember the missed Tilray stock that went up 26% in a day) Buy on Supertrend Buy signal (remember the missed opportunities in the buy watch list) Sell on Supertrend Sell signal for losing stocks (remember the gradual -30% Nikola drop) Sell losing stocks to keep cash rolling. It's better than missing opportunities without funds. Just buy whatever hun...