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Showing posts from February, 2021

Supertrend Trading Journal 2021 Feb 26 - GME

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1 hour before the market opens. Any stocks in my Yahoo watchlist meeting my Supertrend buy criteria?  None. Any stocks from MarketInOut.com to buy? None. Scan the other stocks people are also watching? None showing the supertrend buy signal.  Yahoo Finance lags at 20 minutes before the market opens. So let's stop checking to market opens.  Listen to Trader TV Live in the background.  What's SwaggyStocks saying about Wallstreetbets ticker sentiment? GME, AMC, and PLTR.  Market opens... Since I can't find a supertrend, then... Queued for GME at $119. Missed. Keyed in too slow. Amended to $125. Chasing. Missed again. 20 minutes later... DONE! Did any stocks on hand meet my Supertrend sell criteria? 11 out of 13 stocks turned red. Nothing to sell. How's my purchasing power today? I can buy up to only 3 more stocks.  Any potential stocks from MarketInOut.com to buy? None Any potential Supertrend buy signal from Finviz screener? None See you at 3 pm closing time.  1 hour befo

Supertrend Trading Journal 2021 Feb 25

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1 hour before the market opens. Any stocks in my Yahoo watchlist meeting my Supertrend buy criteria?  TALO? If there's a pullback, buy. Market opens. TALO opened higher. No pullback. Did any stocks on hand meet my Supertrend sell criteria? DAL and AIG. Sell or hold?  Hold. Price is above and not touching the weekly pivot point. How's my purchasing power today? I can buy up to only 4 stocks.  What to buy? Let's check the Finviz screener. Any potential Supertrend buy signal? PSXP - maybe but the 1st Supertrend is touching the pivot point.  Check other related stocks that people are also watching. Any buy signal? Nothing. 1 hour later... Prices fall but not TALO. See you at 3 pm closing time.  1 hour before the market closes...  Is there any stock to buy? Check MarketInOut.com.  None meets my buy criteria. Check my watch list. None. Is there any stock I can sell? Market prices dropped across the board. All the stocks that hit the target are now below the target. Lesson: Sell w

Supertrend Trading Journal 2021 Feb 24 - Closing

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 3 pm - 1 hour before the market closes.  Is there any stock I can sell? LYG.  Sell or hold? Sell! Why? The Price reached the weekly pivot point and may bounce back down. Sold LYG at $2.21.  Is there any stock to buy? Check MarketInOut.com.  None. Check the watch list. TALO? Jumped too much. See if there is a pullback tomorrow morning. Anyway, it's 14 days until the earnings call. So it's disqualified for a buy.  Check trending stocks? Missed BA, FB, and more.  Lesson: Keep track of good stocks daily. Check related stocks that people are also watching. Check Finviz screener. Not enough time to check all.  Lesson: Check Finviz at Market open. ~ Rookie Trader Journal PS: What did I learn? 1. Check the  Finviz screener in the morning, not evening, for more time.  2. Keep track of good stocks daily.

Supertrend Trading Journal 2021 Feb 24

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1 hour before the market opens. Take a look at some of the biggest movers in the premarket: Lowe’s, GameStop, Square, Intuit & more... https://www.cnbc.com/2021/02/24/stocks-making-the-biggest-moves-in-the-premarket-lowes-gamestop-square-intuit-more.html Which one meets my supertrend buy criteria? None.  Any stocks in my Yahoo watchlist meeting my Supertrend buy criteria?  AAL... How's my purchasing power today? I can buy up to only 2 stocks.  Queued for AAL at $20.67. Missed the buy. Opened 2% higher. Don't chase. Miss the buy yesterday at closing too. Lesson: Buy a signal at the current price, not calculated support price.  Market opens. Did any stocks on hand meet my Supertrend sell criteria? BOOM! CCL is doing well. Should I sell or hold? Sell! Why? Current price has hit the weekly pivot point. SOLD at $27.50. Check other related stocks that people are also watching. Any buy signal? Many misses. Lesson: Check often. Can I spot any stock with a supertrend buy signal pote

Robinhood CEO explains to Elon Musk why his platform restricted trading in January 2021

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The co-founder of Robinhood took to invitation-only audio chat app Clubhouse to defend the investment platform's decision to restrict trading in  GameStop  and other volatile stocks. Robinhood took the action on Thursday to restrict trading in several speculative names, including GameStop and AMC Entertainment. Robinhood co-founder Vlad Tenev explained the move and defended his platform in a discussion with Elon Musk on the audio chat app Clubhouse. Tenev was grilled by Tesla CEO Elon Musk, who asked whether anything "shady" had happened. What else did Musk quiz Tenev? Read about it here... https://www.cnbc.com/2021/02/01/elon-musk-on-clubhouse-robinhood-ceo-explains-trading-restrictions.html I would leave Robinhood if I was a user. What do you think? ~ The Rookie Supertrend Trader