Supertrend Trading Journal 2021 Mar 11 - CXW CPNG NRG

   1 hour before the market opens...

How's my purchasing power today?
  • I can buy 2 stocks today. 
Are any stocks in my Yahoo Finance watchlist meeting my Supertrend buy criteria? 
  • CXW. Buy at $8.55? Done. 


Any stocks from MarketInOut.com to buy?
  • None 
Any stocks from pre-market big movers listed by CNBC?
  • CPNG debut $35. Buy? Bought at $50.43.


 Any tips from TraderTV Live?
  • RBLX support or resistance at $75
What's SwaggyStocks saying about Wallstreetbets ticker sentiment?
  • GME, RBLX, TSLA, AMC
Market opens...

Which stock in hand can I sell?
  • None in the morning.
What can I Buy?
  • Bought CXW. See above. 

Where is it moving next?
  • Not banks yet. In oil now. 
See you at 3 pm closing time. 

3 pm - 1 hour before the market closes... 

Is there any stock to buy?

Check MarketInOut.com. 

  • None

Check my watch list.

  • None 
Check market movers and related stocks.
  • None
Is there any stock I can sell?
  • NRG. Sell at $42.60. Done. 
Check Finviz screener.
  • Not checking... Coz results are not good so far
Check SwaggyStocks and WSB.
  • Still GME 
Close

See you tomorrow. 

~ Rookie Trader 

PS: I would like to thank the following...

PS: What did I learn today?

What did I learn previously?
  • 3 to 4 pm is the best time to buy supertrend signals. 
  • Remove emotion from the equation.
  • Sell. Don't hold. Don't be greedy. 
  • Stock money moving away from tech to travel, bank, oil... Mar 2021.
  • Sell when the target is hit. Don't hold. 
  • I need a cut-loss strategy.
  • If I don't sell, I will have no capital to buy. 
  • I missed many buy signals in the travel industry. So please Monitor all related big movers every day. 
  • I have a problem deciding whether to sell or hold. 
    • I should have held the stock that rose 100% times up. 
    • It's easy to buy them using a supertrend buy signal. 
    • 10% is my target but is there a way to tell it will rise higher?
    • Let's try this after hitting 10%...
      • If the price is above the next black pivot point, then hold.
      • If the price touches the next pivot point first resistance, then all the more hold.


















Comments

Popular posts from this blog

Do Traders Make More Money Than Investors

How Stock Market Software Puts You on the Same Level As Pro Traders

Exploring the Current Trends in the S&P500: Microsoft and Tesla Stand Out