Apr 28 - Rookie Trader Journal 2021 - TSLA KDNY PLAG

 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. MVIS AMD GME
  • Yesterday. MVIS TSLA GME
Are any stocks in my Yahoo Finance watchlist to buy? 
  • My Biotech stocks experiment... 
    • Set alert to buy PULM<$0.90
  • From TraderTV live mention...
    • BUY TSLA at $700. Done at $696. 
  • From Finviz party starter screener...
    • Queued to BUY RACA at $9.94. Withdrawn. It popped. Changed to ONCY. 
    • Queued to BUY PLAG at $1.93. Done. 
    • Queued to BUY KDNY at $15.37. Done. 
    • ONCY. Queued to buy at $2.87. 
 Any tips from TraderTV Live?
  • Buy on dip from late April to early May 2021.
  • Wow, they are right. 


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



Market opens...

Which stock in hand can I sell?
  • TNXP. Bought $0.97.  Target $1.22. Stop $0.86. 
  • HOTH. Bought $1.46. Target $1.72. Stop $1.39.
  • TSLA. Bought $6.96. Target $755. Stop $675. 
  • KDNY. Bought it for $15.37. Target $16.79. Stop $15.
  • PLAG. Bought $1.93. Target $2.40. Stop $1.834. STOPPED. 



Explore Finviz.com screener.
Crypto

See you tomorrow. 

~ Rookie Trader 

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

PS: What did I learn today?

What did I learn previously?
  • Supertrend strategy doesn't work after an uptrend. 
  • New strategy. Fibonacci Pivot Point Resistance and Support.
  • Queue GTD for every buys and sell. 
  • 10% strategy is not efficient. 5% profit is faster to reach. Hence Change to >$100 target strategy instead. 
  • Buy quickly once I identify a stock to buy.
  • Missed SEAC spike 3 times within a week. Dropped to negative immediately after the spike. Lesson - Queue up to sell using GTD. 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 the closing hour. 
  • Sell immediately if price spikes on news.
  • Missed the NFT STOCKS!!!!! Pay attention next time follow the trend.
  • Follow most-watched stocks on yahoo finance coz they are more volatile. 
  • 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. 
  • Stop thinking that I should have held the stock that rose 100% times up after selling. Remember SEAC. Locking the profits at hand is better than risking the opposite direction. 


















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