What's the signal today?

Today's signals ...

  • Buy SPH $1.12

The rookie trader joirnal

Comments

Post a Comment

Popular posts from this blog

On Balance Volume Trading Strategy

Volume  shows crowd sentiment as price bars carve out patterns that predict a bullish or bearish outcome. Volume supporting price action creates  convergence , adding reliability to directional signals. Opposing action creates  divergence , warning that market forces are in conflict, with one side eventually taking control. OBV generates more actionable signals than the green or red volume histograms commonly found at the bottom of  price charts . OBV hits a new high while the price tests resistance: bullish divergence, predicting the price will break  resistance  and surge higher, playing catch-up. The price hits a new high while OBV grinds at or below the last resistance level: bearish divergence, predicting the  rally  will stall or reverse. OBV hits new low while price tests support: bearish divergence, predicting the price will break support and surge lower, playing catch up. The price hits new low while OBV grinds at or above the last s...
Read more

Rise to the Top: Navigating the Stock Market as a Rookie Trader

As a beginner in the stock market, I am constantly monitoring the market and its fluctuations. Recently, I have noticed that the market seems to be on the rise. With this upward trend, I can't help but feel a little bit of "fear of missing out" (FOMO) about not buying any stocks. Yesterday, TSLA (Tesla, Inc.) fell back down after a morning rise and closed at $118.85. This has prompted me to consider buying TSLA at $119, in the hopes of making a profit as the market continues to rise. However, as a rookie trader, I need to be cautious and make sure to thoroughly research and consider all options before making any decisions. At the moment, none of my current holdings are ready to be sold yet as most are still in the red. As a rookie trader, it is important for me to have patience and not rush into any decisions. I will continue to keep a close eye on the market and my holdings, making sure to make informed and calculated decisions as I navigate the world of stock trading.  ...
Read more

Are Trailing Stops A Good Idea? - Trading Journal 4 Jun 2021 - Bought TSLA Sold KALA

Image
" A trailing stop loss is better than a traditional (loss from the purchase price) stop-loss strategy. The best trailing stop-loss percentage to use is either 15% or 20% ... https://www.quant-investing.com/blogs/general/2015/02/16/truths-about-stop-losses-that-nobody-wants-to-believe The availability of a Stop Loss order is the reason I switched to Moomoo from FSMone.  How's my purchasing power today? I can buy 2 stocks using Moomoo.  Any stock to add to my Yahoo Finance watchlist from Finviz.com screener?  Find stocks before they go up (for swing trading)...  https://youtu.be/DgTAt6kT2KM https://finviz.com/screener.ashx?v=211&f=sh_price_u30,sh_relvol_o0.75,ta_pattern_tlsupport2,ta_sma200_pa,ta_volatility_mo8&ft=4 Ignored Party starter scanner...   https://finviz.com/screener.ashx?v=211&s=ta_unusualvolume&f=ind_stocksonly,sh_avgvol_o100,ta_perf_dup&ft=4&o=-volume Ignored Rookie sPring Scanner May 2021... https://finviz.com/screener.a...
Read more