AMC Stock Joke | Rookie Trader Journal 18 Jun 2021


How's my purchasing power today?

  • I can buy 1 stocks using Moomoo. 
Any stocks in my Moomoo watchlist to buy? 
  •  None
Any stocks to add to the watch list from the Moomoo heat list?
  • AAL, BIDU, CAT



Any tips from TraderTV Live?
  • Skipped

Which stock in hand can I sell?
  • ADVM. Bought $4. Stop $3.47. Target $4.40. 
  • METX. Bought $1.60. Stop $1.53. Target $1.90.
  • AAPL. Bought $125. Target $138 or cut at KDJ dead fork. 
  • VISA. Bought $233.27. Target $256 or cut at KDJ dead fork. 
  • TCOM. Bought at $37.37. 

How to track medical biotech stocks, meme stocks, and penny stocks... As well as any popping stock?
  • New strategy using Moomoo.    
  • Started on 7 June 2021. 
  • Scan Trade Heat list to look for 3 signals.
  • 1st signal - Buy on KDJ Golden Crossing
  • 2nd signal - Confirm uptrend with SAR and MA. 
  • 3rd signal - Double confirm with Oversold Analyses. 
  • Sell on opposite signals. 

See you tomorrow. 

~ Rookie Trader 


PS: I would like to thank the following...
Buy Crypto?

Footnote to self:
  • Buy Market price when I see a signal. Don't buy at a Limit price. 
  • Buy on dip from late April to early May 2021.
  • Sell in May and go away. Reinvest in November.
  • August is a particularly strong month, September is an especially bad month for stocks.
  • 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.
  • Queue GTD for every buys and sells. 
  • 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. 
  • Sell immediately if price spikes on news.
  • 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. 
  • Locking the profits at hand is better than risking the opposite direction.
  • How to recover from stock market losses? How to recover my money lost? How to win my trading losses back? 
  • The best way to recover after losing money in the stock market is to invest again. 















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

Supertrend Trading Journal 2021 Feb 26 - GME

Image
1 hour before the market opens. Any stocks in my Yahoo watchlist meeting my Supertrend buy criteria?  None. Any stocks from MarketInOut.com to buy? None. Scan the other stocks people are also watching? None showing the supertrend buy signal.  Yahoo Finance lags at 20 minutes before the market opens. So let's stop checking to market opens.  Listen to Trader TV Live in the background.  What's SwaggyStocks saying about Wallstreetbets ticker sentiment? GME, AMC, and PLTR.  Market opens... Since I can't find a supertrend, then... Queued for GME at $119. Missed. Keyed in too slow. Amended to $125. Chasing. Missed again. 20 minutes later... DONE! Did any stocks on hand meet my Supertrend sell criteria? 11 out of 13 stocks turned red. Nothing to sell. How's my purchasing power today? I can buy up to only 3 more stocks.  Any potential stocks from MarketInOut.com to buy? None Any potential Supertrend buy signal from Finviz screener? None See you at 3 pm closing ...
Read more