A Rookie Trader's Journal -
What To Buy? When To Sell?
Where to Stop Loss? How to Let Profits Run?
Buy Starhub at S$1.22
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7-day RSI shows oversold buy signal. First supertrend buy signal appears after 3 days. The first pull back may be at S$1.22. Caution though... RSI is already at 53.
What stocks to buy? Buy DJIA and S&P500 stocks. undervalued PEG less than 1.5, uptrend above 200MA, when going down and about to bounce... https://finviz.com/screener.ashx?v=111&f=fa_peg_u2,idx_sp500,ta_perf_1wdown,ta_sma20_pb,ta_sma200_pa&ft=4 Double confirm for UNDERvaluation here... https://simplywall.st/dashboard Buy if undervalued more than 30%. Experiment - Scroll through yahoo stock chart from 1 day to 15 min interval to forecast supertrend signal. 👉 AXP. 26.9% undervalued. Supertrend is not ready. Which stock to sell? ...or stop loss. Check for OVERvaluation here... https://simplywall.st/dashboard Sell when overvalued. 👉 Nothing currently to Sell. Until tomorrow. May the markets be with you! ~ The Rookie Trader PS: I would like to thank the following... For the charts... https://finance.yahoo.com/ For all in one... https://j.moomoo.com/00gxKc For the sc...
After analyzing Bank of America’s (BAC) stock, I decided to sell my 23 units. The indicators were clear: the price had risen above the upper Bollinger Band, the RSI was above 70%, and OBV was higher than its average, signaling that the stock was overbought. With the target price for BAC set at $48, and the current price at $46, I believed the risk of a pullback outweighed the potential for further gains. While my profit was still modest at the time of sale, the overbought signals and the proximity to the predicted target price led me to lock in gains and exit the position. This decision allows me to reinvest the funds into other opportunities with better potential. It's a reminder of the importance of trusting your technical analysis and taking profits when indicators align. Now, with the proceeds, I'm on the lookout for new stocks that fit my buy criteria.
A Supertrend Trading Strategy You Can Test https://www.netpicks.com/supertrend-indicator/ This intraday trading strategy will use two Supertrend indicators: Short term parameters of 10, 3 Longer-term parameters of 30,9 The rules for the Supertrend trading strategy are simple: Trade in the direction of the longer-term trend. This example is an uptrend and traders will ignore all short trades (turns red) Enter long trades when the short term indicator flips back to longs (turns green). Entry can be at the next candle open, break of highs, enter at the close. Trail the stop loss on the short term Supertrend line once price advances We take our stops because we don’t know if the price is about to flip to shorts and we don’t want to give back too many profits. https://youtu.be/6fG_TP269W8 What stocks to buy today? Buy DJIA and S&P500 stocks. undervalued PEG less than 1.5, uptrend above 200MA, when going down and about to bounce...
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