Apr 20 - Supertrend Trading Journal 2021 - PULM MSFT TNXP

   1 hour before the market opens...

How's my purchasing power today?
  • I can buy 4 stocks.
What's SwaggyStocks saying about Wallstreetbets ticker sentiment?
  • Today. GME CLOV TSLA
  • Yesterday. GME CLOV TSLA
Any stocks from MarketInOut.com to buy?
  • None. 
Are any stocks in my Yahoo Finance watchlist meeting my Supertrend buy criteria? 
  • Biotech stocks
    • Buy TNXP at $0.97? Done. Target $1.22. Stop $0.86. 
    • Buy HOTH at $1.46? Missed. Went up 30%.
    • Buy PULM at $0.94? Done. Target $1.06. Stop $0.79




 Any tips from TraderTV Live?
  • Buy on dip from late April to early May 2021.
  • Cathie Woods reference. 

Question: 👉 How to track medical biotech stocks, meme stocks, and penny stocks?


Market opens...

Which stock in hand can I sell?
  • GTD Sell MSFT at $260? SOLD.
  • GTD Sell IAG at $3.60? 

What can I buy from yahoo finance trending stocks?

What can I buy from market movers and related stocks?

Where is the money moving to next?
  • Previously. Crypto. Penny stocks. Tech. Banks. Gold
  • Today's sector rotation? Crypto.

Explore Finviz screener.


See you tomorrow. 

~ Rookie Trader 

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

PS: What did I learn today?
What did I learn previously?
  • 5% profit is faster to reach than 10%. Hence Change strategy.
  • Buy early when I identify one stock to buy.
  • 10% strategy is not efficient. Change to $100 strategy instead. 
  • Missed SEAC spike 3 times within a week. Dripped to negative immediately after the spike. Lesson - Queue up to sell at 12%. Forget about using alerts.
  • Premarket moves are irrelevant and distracting. Stop tracking them. 
  • Buying at the market close is not a good idea. Too many premature supertrend false alarms. Stop trading from 3 to 4 pm. 
  • Sell immediately if price spikes on news.
  • Check yahoo finance trending stocks. 
  • Missed the NFT STOCKS!!!!! Pay attention next time follow the trend.
  • 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.  
  • 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

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

Seatrium Limited share consolidation: What are the implications

What are the details and implications of the recent share consolidation for Seatrium Limited? If you are currently holding Seatrium shares after the latest consolidation, here’s what you need to know: Share Consolidation Details: Seatrium Limited (formerly known as Sembcorp Marine) has proposed a 20-to-1 share consolidation. This means that every twenty (20) existing shares you held before the consolidation will be consolidated into one (1) consolidated share. Fractional entitlements will be disregarded, and each consolidated share will rank pari passu with each other.  Trading in the consolidated shares on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) will occur in board lots of one hundred (100) consolidated shares.  Shareholder Approval: The proposed share consolidation is subject to shareholders’ approval at the upcoming Annual General Meeting (AGM) scheduled for 26 April 2024.  Seatrium will issue a letter to shareholders containing details about the
Read more

Sembcorp Marine Rights Issue - What to do?

I have 3 options:  do nothing  sell the rights  subscribe  1. Do Nothing There is no cash outlay but if I let the rights lapse  I will then see my  stake diluted when the exercise is completed. 2. Sell the rights I can sell their rights in the market, so this option results in cash inflow .  The rights appear on the Singapore Exchange's website as "Sembcorp Marine R". https://sg.finance.yahoo.com/quote/THFR.SI?p=THFR.SI&.tsrc=fin-srch As the rights have an expiry date, the value of the rights will fall closer to the expiry date. 3. Subscribe This involves cash outflow and would entail paying SMM S$1 to get five new shares for each share currently held. This option would be suitable if I have faith in SMM's long-term future. Which should I choose? I want liquid cash to buy other stocks. So maybe I should sell the rights. In that case I must subscribe first! It might not be a good idea to throw good money after bad. Shareholders may wish to think twice before subs
Read more