Supertrend Trading Journal 2021 Mar 23 - missed NFT stocks TKAT

    1 hour before the market opens...

How's my purchasing power today?
  • I can buy only 1 stock today. 
Are any stocks in my Yahoo Finance watchlist meeting my Supertrend buy criteria? 
  • None

Any stocks from MarketInOut.com to buy?
  • None
Any stocks from pre-market big movers listed by CNBC?
  • Skipped
 Any tips from TraderTV Live?
  • NFT stocks


What's SwaggyStocks saying about Wallstreetbets ticker sentiment?
  • GME, TSLA, AMC
Market opens...

Which stock in hand can I sell?
  • None. All red!

What can I Buy?
  •  Missed the NFT STOCKS!!!!!
  • Pay attention next time follow the trend

Where is the money moving to next?
  • NFT stocks
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

Any medical stock to buy at the low support level?
  • Skipped
Is there any stock I can sell?
  • No
Check Finviz screener.
  • Skipped
Any meme stock to buy as hinted by SwaggyStocks and WSB?
  • GME TSLA PLTR
Close. 

See you tomorrow. 

~ Rookie Trader 

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

PS: What did I learn today?
  • Missed the spiking NFT STOCKS!!!!! Pay attention next time. follow the trend.
What did I learn previously?
  • Follow most-watched stocks on yahoo finance coz they are more volatile. 
  • I need a supertrend screener. 
  • I missed many buy signals in the travel industry. So please Monitor all related big movers every day. 
  • 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 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

Aug 2023 BRO ACE Stock Trading Strategy

It's 3 August 2023... the Rookie Trader discovered a flaw in the BRO ACE buy strategy. When "A" triggers the buy signal, the Target may not be coming but may have just passed. Mistake done in AMD purchase.  So the new rule is: never buy if Target has been reached in the last 3 months.   ======== ROOKIE STOCK MARKET STRATEGY DAILY CHECKLIST Identify stock holdings to SELL.  Use BRO (Moomoo) and ACE (Yahoo Finance). All 3 must meet the criteria... BOL (20, C,2). Above Upper Band (sell).  RSI (7). Cross above 70 (sell). OBV. Reach a 3-month high (sell).  A. Average Analyst Price Target is equal to or less than price (otherwise let the profits run).  Remember... Never expect the price to return to its previous high. Sell on signal even if it's a loss (capital cashflow is better than stuck or falling losses) Identify stocks to BUY Buy only S&P500 stocks... for stability and dividends. Use the Moomoo stock screener to screen SP500 stocks with a daily Bol...
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