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?
Which biotech stocks are ready to break out, pop, soar, and explode?
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...
- For the charts... https://finance.yahoo.com/
- For the analysis... https://tradertv.live/
- For the supertrend screener... https://www.marketinout.com/
- For the sharing... https://anchor.fm/swingtrading/
PS: What did I learn today?
- Sector rotation strategy.
- Look at top industry groups: Keep an eye out for those that jump into the top 20.
- When a market uptrend warms up, more breakouts tend to come from the same sectors or industry groups.
- ~ https://www.investors.com/how-to-invest/investors-corner/want-to-spot-sector-rotation-in-the-market-employ-multi-channel-thinking/
- Compelling evidence shows that long-term investors will be rewarded for their patience with underperforming sectors and short-term underperformance against the S&P 500 in a well-diversified portfolio.
- ~ https://www.forbes.com/sites/frankarmstrong/2020/11/25/sector-rotation/
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.
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