Rookie Swing Trader Journal 28 Jun 2021 - How to Find Swing Stocks

What stocks to buy today from my Moomoo watchlist?
  • TNXP (lower BB) at $1.10
  • Buy PULM (kdj) at $1.00 
  • Buy ZOM (kdj) at $0.84 DONE

How's my purchasing power today?

  • I can buy 2 stocks using Moomoo. 

Any stocks to add to the watch list from the Moomoo Heat List and Market Opportunity KDJ Golden Crossing, Bollinger Band Breakout, Old Duck Head?
  • None

Any tips from TraderTV Live?

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. 
  • CCL (Heat List). Bought $28.40. 

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. 
  • Complement with Bollinger Band Breakout strategy. 
  • Sell on opposite signals. 
What happened?
What worked? Why?
  • Cutting loss before it hits -$100
What did not work? Why?
  • Stocks selected are rising too slow. Why? Bought mostly big established stocks like AAPL and VISA.
What did you learn? 
  • Maybe I should go back to look at Yahoo Finance. 
  • 3 criteria for finding swing stocks... https://youtu.be/GHG3Kf-FYvw
    • RSI <30 oversold
    • Uptrend
    • High volume
  • How to make money from meme stocks for swing traders... https://youtu.be/22BCJecQ2kg
    • 5 days down pattern
    • RSI oversold
    • Japanese candlestick doji pattern
What can be done better? 
  • 3 criteria for finding swing stocks... 
    • RSI <30 oversold
    • Uptrend
    • High volume
What will stop you?
How to overcome?

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. 















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