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. 















Comments

Post a Comment

Popular posts from this blog

Rookie Trader 220127 - Boring Day

             Is it a good day to buy stocks today? Look at the  S&P 500 hourly chart ...  Is the 10 SMA above the 30 EMA?  Is Williams %R (3) less than -80 (oversold)?  Is the ADX momentum indicator above 25?  If one is Yes, buy!  👉  Don't buy - 0 out of 3 yes signals. What stocks to buy?    Buy DJIA and S&P500 stocks.  undervalued PEG less than 1.5,  uptrend above 200MA, when going down and about to bounce...   https://finviz.com/screener.ashx?v=111&f=fa_peg_u2,idx_sp500,ta_perf_1wdown,ta_sma20_pb,ta_sma200_pa&ft=4 Double confirm for UNDERvaluation here...  https://simplywall.st/dashboard Buy if undervalued more than 30%. 👉 Maxed out investment cap. Wait for Profits. Which stock to sell? Check for OVERvaluation here...  https://simplywall.st/dashboard Sell if overvalued. 👉 Nothing to sell. Until tomorrow.  May the markets be with you. ~ The Rookie T...
Read more

How To Determine Entry Points In Stocks - Rookie Swing Trader Journal August 3, 2021

Image
How To Determine Entry Points In Stocks? Find stocks that have pulled back and made a 3-candle swing point low (meaning it will likely reverse). Find stocks that have consecutive down days before the swing point low developing. Find the T-30 tail with increased volume. Learn more here...  https://www.swing-trade-stocks.com/entry-strategy.html -------  How's my purchasing power today? I can buy 3 stocks using  Moomoo .  How's ETH today? ETH-USD $2490 (binance.sg) Buy at $2320 What stocks to buy from Yahoo Finance Watch List?   YF Watch list. LYFT. Buy at $55.20. Done. What stocks to add to the watch list from Yahoo Finance News, Trending, Market Movers, and related stocks? In the YF news. None.  Related YF trending tickers. None.  Related YF market movers. None. Any tips from TraderTV Live? Skipped.  Which stock in hand can I sell? 12 stuck stocks at FSMone. See Yahoo Finance. AAL (mm kdj rsi). Bought $21.30. Stop at $19.60. Target $24....
Read more

How to Day Trade With Confidence - Yahoo! Finance

Image
How to Day Trade With Confidence - Yahoo! Finance Cut losses short: let profits run. An age-old adage that's stood all tests of time for great reason. It's a pillar of trading success, a testament to trading from a position of confidence and strength rather than weakness and fear. That guy Churchill had it partially right. The only thing traders have to fear is fear itself. Of course in most cases that fear is based on valid concerns. Too many traders operate from positions of fear because deep down they know it's a gunfight they attend which finds them holding knives. Dull knives. Butter knives.
Read more