Supertrend Trading Journal 2021 Mar 16 - BRFS FSLY

  1 hour before the market opens...

How's my purchasing power today?
  • I can't buy any stocks today. Need new fund injection. 
Are any stocks in my Yahoo Finance watchlist meeting my Supertrend buy criteria? 
  • IAG FSLY CPB MRK AMX
  • wow I need funds
Any stocks from MarketInOut.com to buy?
  • Check at 3 pm yesterday. Done. 
Any stocks from pre-market big movers listed by CNBC?
  • Ignored. Out of funds. 
 Any tips from TraderTV Live?
  • Buy Apple
  • DO NOT chase any stock that we missed
What's SwaggyStocks saying about Wallstreetbets ticker sentiment?
  • GME, AMC, PLTR
Market opens...

Which stock in hand can I sell?
  • BRFS. Sold at $4.46.

  • A new fund gained to buy one stock. 
  • GILD. Sell at $63.96. I don't know why I bought this yesterday. Probably it was a false buy supertrend before closing and some premarket merger news. Anyway it's below the black pivot point. Cut loss and sell. Done. 
  • Another fund to buy a stock. 😃


What can I Buy?
  • FSLY. Buy at $77.10? Done. 


Where is it moving next?
  • No idea. 
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.

  • Skipped
Check market movers and related stocks.
  • Skipped
Is there any stock I can sell?
  • None
Check Finviz screener.
  • Skipped
Check SwaggyStocks and WSB.
  • Same
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?
  • I need a supertrend screener. 
  • 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. 
  • 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

Post a Comment

Popular posts from this blog

Do Traders Make More Money Than Investors

Trading has come to a grinding halt. All my disposable capital is stuck in a market that is not moving up. I can't even buy anymore when they are down. I just have to sit and wait for the day COVID-19 vaccine is available.  That's when the market will shoot up. Now I know why traders cut losses. So I guess I am not a trader but an investor. A long term investor... 12-year investor to be exact. The financial crisis seems to come every 12 years.  I don't have much of 12 years left ahead of me. It's time to become a trader. So... Do Traders Make More Money Than Investors? Basically, both will make as much money. The trader makes the money faster, maybe in minutes, but more stressful. They buy to sell. They cut losses. The investor makes the money slower,  up to decades, but more relaxed. They buy to hold. They hold losses and hope. Source:  https://www.quora.com/Who-makes-more-money-traders-or-investors Adrian's Journal The rookie trader
Read more

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

Image
Image via Wikipedia Investing in the market obviously carries a degree of risk for anyone who chooses to invest in it, there's no question about that. If you're experienced at analyzing market data then you typically know how to anticipate the market and have an idea about what is due to be profitable. That's not to say that these traders do not occasionally use a little help, and this comes in the form of computerized stock market software . This technology is now available to the masses thanks to a handful of techies and software designers, so here is what you should know about stock market software so that you can trade like the pros. How stock market software works is that it puts past trend data against real time market data. It makes use of mathematical algorithms which look at the factors which led to successful trends of the past, then apply it to current real time market data to identify similarities to further investigate because the market moves in cycles a
Read more

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

I browsed through Finviz today and noticed that there are only two pages of S&P500 stocks with buy signals. This caught my attention because it means that most of the stocks in the index are performing well. However, I noticed that there are a couple of exceptions to this trend. First, there's Microsoft (MSFT). The stock is currently trading at $226 per share. It's definitely one to keep an eye on. [DONE] Then there's Tesla (TSLA). This stock is trading at $117 per share. It's definitely worth considering as a potential investment. Overall, it seems like the market is doing well, with only a few exceptions. As a rookie investor, it's always important to keep track of the trends and do your own research before making any decisions.  ~ The Rookie Trader Rookie Stock Trading Strategy - Jan 2023  
Read more