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.
One advantage of the smaller Supertrend parameters is that we get more timely entries and exits... When we lower the Supertrend parameters, we need to use another indicator to reduce the whipsaws and usually it ends up being an oscillator as oscillators are leading indicators. Supertrend(10,3) when combined with RSI(14) does not work so well, but if we combine RSI(7) with Supertrend(5,1.5), it gives interesting results and eliminates a lot of false signals. The general rule can be described as follows: RSI followed by Supertrend rule: Buy, if you get a Buy signal in RSI(7), followed by a Buy signal in Supertrend(5,1.5) within 2-3 candles. Sell, if you get a Sell signal in RSI(7), followed by a Sell signal in Supertrend(5,1.5) within 2-3 candles. Source: https://www.investarindia.com/blog/supertrend-indicator-strategy-with-formula/ What to buy today? Koufu S$0.68 (first pull back from green supertrend) American Airlines US$13.73 General ...
There is a section in the Moomoo app that shows the list of stocks that have met the criteria of the old duck head. What is the old duck head? "Once the "old duck head" form is formed, it is extremely aggressive and is the best stock selection tool for short-term investors." https://min.news/en/economy/f672f793feeba93ae4c4a177a2c176c6.html I don't understand all the articles explaining the Old Duck Head in stock trading. They all seem to be translated from Chinese. Even the words in the charts are written in Chinese. How's my purchasing power today? I can buy 1 stock using Moomoo . Any stocks in my Moomoo watchlist to buy? C, LYG, OCGN, CAT BUY CCL at $28.40. Done. Any stocks to add to the watch list from the Moomoo Heat List and Market Opportunity KDJ Golden Crossing, Bollinger Band Breakout? AIG, CCL Any tips from TraderTV Live? Microsoft Which stock in hand can I sell? ADVM. Bought $4. Stop $3.47. Target $4.40. ...
Yesterday, I start studying swing trading from scratch here... https://www.swing-trade-stocks.com/swing-trading-basics.html This is what I learned and this will be my new strategy. 4 Stages - There are 4 stock market stages. Bottom, uptrend, top, and downtrend 5 Waves - There are 5 uptrend Elliott waves and 3 correction waves. Buy on wave 2. Hold on Wave 3. Sell on wave 4. Trends - Trade trending stocks. Characterized by higher highs and higher lows. Identify a new trend using Trader Vic's 3-step method. 1. A trendline is broken. 2. There is a retest and failure. 3. Price falls below the prior low. Use the 10 (SMA) and 30 (EMA) period moving average crossover scan for step 2. Step 3 confirms trend change. Does not work in a sideways trading range. Bulls and Bear - The 200 SMA is used to separate bull territory from bear territory. Support and Resistance - Stocks do not find support or run into resistance on moving averages. Stocks to reverse that price...
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