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Showing posts from July, 2021

What technical indicators are best? Rookie Swing Trader Journal July 29, 2021

Yesterday, I continued studying swing trading from here...  https://www.swing-trade-stocks.com/swing-trading-basics.html This is what I learned and this will be my new strategy from 27 July 2021.  4 Stages  - There are 4 stock market stages. Bottom, uptrend, top, and downtrend 5 Waves  - There are 5 uptrend Elliott waves and 3 correction waves. Buy on wave 2. Hold on Wave 3. Sell on wave 4.  Trends  - Trade trending stocks. Characterized by higher highs and higher lows.  Identify a new trend using Trader Vic's 3-step method. 1. A trendline is broken. 2. There is a retest and failure. 3. Price falls below the prior low. Use the 10 (SMA) and 30 (EMA) period moving average crossover scan for step 2. Step 3 confirms trend change. Does not work in a sideways trading range.  Bulls and Bear  - The 200 SMA is used to separate bull territory from bear territory.  Support and Resistance  - Stocks do not find support or run into resistance on moving averages. Stocks to reverse that price leve

How To Analyze Stocks For Beginners - Rookie Swing Trader Journal July 28, 2021

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Yesterday, I continued studying swing trading from here...  https://www.swing-trade-stocks.com/swing-trading-basics.html This is what I learned and this will be my new strategy from 27 July 2021.  4 Stages  - There are 4 stock market stages. Bottom, uptrend, top, and downtrend 5 Waves  - There are 5 uptrend Elliott waves and 3 correction waves. Buy on wave 2. Hold on Wave 3. Sell on wave 4.  Trends  - Trade trending stocks. Characterized by higher highs and higher lows.  Identify a new trend using Trader Vic's 3-step method. 1. A trendline is broken. 2. There is a retest and failure. 3. Price falls below the prior low. Use the 10 (SMA) and 30 (EMA) period moving average crossover scan for step 2. Step 3 confirms trend change. Does not work in a sideways trading range.  Bulls and Bear  - The 200 SMA is used to separate bull territory from bear territory.  Support and Resistance  - Stocks do not find support or run into resistance on moving averages. Stocks to reverse that price leve

Reading Stock Chart Patterns - Rookie Swing Trader Journal July 27, 2021

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Yesterday, I start studying swing trading from scratch here...  https://www.swing-trade-stocks.com/swing-trading-basics.html This is what I learned and this will be my new strategy. 4 Stages - There are 4 stock market stages. Bottom, uptrend, top, and downtrend 5 Waves - There are 5 uptrend Elliott waves and 3 correction waves. Buy on wave 2. Hold on Wave 3. Sell on wave 4.  Trends - Trade trending stocks. Characterized by higher highs and higher lows.  Identify a new trend using Trader Vic's 3-step method. 1. A trendline is broken. 2. There is a retest and failure. 3. Price falls below the prior low. Use the 10 (SMA) and 30 (EMA) period moving average crossover scan for step 2. Step 3 confirms trend change. Does not work in a sideways trading range.  Bulls and Bear - The 200 SMA is used to separate bull territory from bear territory.  Support and Resistance - Stocks do not find support or run into resistance on moving averages. Stocks to reverse that price level.  The more ti

How to Identify Trends in Stocks - Rookie Swing Trader Journal July 26, 2021 - Bought TNXP

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Why was there no journal last Friday, 23 July 2021?   I was engrossed with the Tokyo Olympics 2020 opening ceremony.  Something happened while I was not paying attention.  Visa. Sold automatically at the target limit price of $250. Bought $233.27. Today, I will start studying swing trading from scratch...  https://www.swing-trade-stocks.com/swing-trading-basics.html There are 4 stock market stages. Bottom, uptrend, top, and downtrend There are 5 uptrend Elliott waves and 3 correction waves. Buy on wave 2. Hold on Wave 3. Sell on wave 4.  Trade trending stocks. Characterized by higher highs and higher lows.  Identify a new trend using Trader Vic's 3-step method. 1. A trendline is broken. 2. There is a retest and failure. 3. Price falls below the prior low. Use the 10 (SMA) and 30 (EMA) period moving average crossover scan for step 2. Step 3 confirms trend change. Does not work in a sideways trading range.  The 200 SMA is used to separate bull territory from the bear territory.  Stoc

Time to attend a swing trading course - Rookie Swing Trader Journal July 22, 2021

I am back from the Royal Caribbean 3 Night Ocean Getaway Cruise. No internet. No stock trading.  What happened while I was away?  LUV. Stopped at $50. My watch list went up while I was away. Stocks on hold are still down.  What's next? Study swing trading from scratch...  https://www.swing-trade-stocks.com/swing-trading-basics.html --------  How's my purchasing power today? I can buy 4 stocks using  Moomoo .  What stocks to buy from the  Moomoo  watchlist, Heat List, Market Opportunity )KDJ Golden Crossing, Bollinger Band Breakout, Old Duck Head), and see Yahoo Finance movers related stocks? YF Watch list. None.  In the YF news. None.  Related YF trending tickers. None.  Related YF market movers. None. Try this screener...  https://finviz.com/screener.ashx?v=211&f=sh_avgvol_o1000,ta_highlow52w_b30h,ta_perf2_1w10u,ta_sma50_pa&ft=3 Any tips from TraderTV Live? Skipped.  Which stock in hand can I sell? 12 stuck stocks at FSMone. See Yahoo Finance. VISA. Bought $233.27. Tar

Take a Break from the Stock Market - Rookie Swing Trader Journal July 16, 2021

I will be going for a no-internet cruise to nowhere from Monday to Thursday. So I will have no access to the stock market.  Here are 3 things I intend to do today. 1. Submit a stop limit on every stock I have.  2. Submit a sell limit on the same stocks above.   3. Don't buy any new stock today.  Next, go pack my luggage.  --------  How's my purchasing power today? I can buy 3 stocks using  Moomoo .  What stocks to buy from the  Moomoo  watchlist, Heat List, Market Opportunity )KDJ Golden Crossing, Bollinger Band Breakout, Old Duck Head), and see Yahoo Finance movers related stocks? YF Watch list. None.  In the YF news. None.  Related YF trending tickers. None.  Related YF market movers. None. Try this screener...  https://finviz.com/screener.ashx?v=211&f=sh_avgvol_o1000,ta_highlow52w_b30h,ta_perf2_1w10u,ta_sma50_pa&ft=3 Any tips from TraderTV Live? Skipped.  Which stock in hand can I sell? 12 stuck stocks at FSMone. See Yahoo Finance. VISA. Bought $233.27. Target $250.

Rookie Swing Trader Journal July 15, 2021 - Pring KST Indicator

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What is Pring KST?  Developed by Martin Pring , Know Sure Thing ( KST ) is a momentum oscillator based on the smoothed rate-of-change for four different timeframes. ... In short, KST measures price momentum for four different price cycles, combining them into a single momentum oscillator. https://school.stockcharts.com/doku.php?id=technical_indicators:know_sure_thing_kst What is KST used for? Like all momentum oscillators, the Know Sure Thing oscillator can help traders finding buy and sell signals.  https://tradingstrategyguides.com/know-sure-thing-indicator-strategy/ How do you calculate Pring KST? The KST is calculated by taking the simple moving average (SMA) of four different rate-of-change (ROC) periods, adding them together to come up with the KST , and creating a signal line by taking the 9-period SMA of the KST . https://www.investopedia.com/terms/k/know-sure-thing-kst.asp How do you use a Pring KST indicator?    A buy signal is triggered when the Know Sure Thing crosses a

Rookie Swing Trader Journal July 14, 2021

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How's my purchasing power today? I can buy 3 stocks using  Moomoo .  What stocks to buy from the  Moomoo  watchlist, Heat List, Market Opportunity )KDJ Golden Crossing, Bollinger Band Breakout, Old Duck Head), and seeYahoo Finance movers related stocks? JPM (yf kst) Buy at $153.50. Target $165. CANCELLED due to adjusted strategy below.  Try this screener...  https://finviz.com/screener.ashx?v=211&f=sh_avgvol_o1000,ta_highlow52w_b30h,ta_perf2_1w10u,ta_sma50_pa&ft=3 Any tips from TraderTV Live? Skipped.  Which stock in hand can I sell? 12 stuck stocks at FSMone. See Yahoo Finance. VISA. Bought $233.27. Target $256 or cut at KDJ dead fork.  LUV (mm kdj rsi). Bought $53.  AAL (mm kdj rsi). Bought $21.30. Stop at $19.60. Target $22 or $24.  GNUS (yf bbl to). Buy at 1.65. Done. Target $1.82.  How to track medical biotech stocks, meme stocks, and penny stocks... As well as any popping stock? MOOMOO  BUY SELL SIGNALS: Started on 7 June 2021.  Scan Trade Heat list to look for 3 sign

Rookie Swing Trader Journal July 13, 2021 - ETH-USD $1990

 How's my purchasing power today? I can buy 3 stocks using  Moomoo .  What stocks to buy from the  Moomoo  watchlist, Heat List and Market Opportunity KDJ Golden Crossing, Bollinger Band Breakout, Old Duck Head, Yahoo Finance movers related stocks? None Try this screener...  https://finviz.com/screener.ashx?v=211&f=sh_avgvol_o1000,ta_highlow52w_b30h,ta_perf2_1w10u,ta_sma50_pa&ft=3 Any tips from TraderTV Live? Skipped.  Which stock in hand can I sell? 12 stuck stocks at FSMone. See Yahoo Finance. VISA. Bought $233.27. Target $256 or cut at KDJ dead fork.  LUV (mm kdj rsi). Bought $53.  AAL (mm kdj rsi). Bought $21.30. Stop at $19.60. Target $22 or $24.  GNUS (yf bbl to). Buy at 1.65. Done. Target $1.82.  How to track medical biotech stocks, meme stocks, and penny stocks... As well as any popping stock? MOOMOO  BUY SELL SIGNALS: 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 an

Rookie Swing Trader Journal July 12, 2021 - Sold AAPL

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How's my purchasing power today? I can buy 2 stocks using  Moomoo .  What stocks to buy today from my  Moomoo  watchlist and Yahoo Finance watchlist?  None.  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, Yahoo Finance movers related stocks? None Any tips from TraderTV Live? Skipped.  Which stock in hand can I sell? 12 stuck stocks at FSMone. See Yahoo Finance. VISA. Bought $233.27. Target $256 or cut at KDJ dead fork.  LUV (mm kdj rsi). Bought $53.  AAL (mm kdj rsi). Bought $21.30. Stop at $19.60. Target $22 or $24.  GNUS (yf bbl to). Buy at 1.65. Done. Target $1.82.  AAPL. Bought $125. Sold $145.  How to track medical biotech stocks, meme stocks, and penny stocks... As well as any popping stock? MOOMOO BUY SELL SIGNALS: 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 si

Rookie Swing Trader Journal 9 July 2021

Why did I skip yesterday's journal? I needed to sleep early to make up for the late night.  I noticed everything went red. How's my purchasing power today? I can buy 2 stocks using  Moomoo .  What stocks to buy today from my  Moomoo  watchlist? None I give up on Moomoo indicators. Let's go back to yahoo finance pring kst and related stocks.  Combine both.  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, Yahoo Finance movers related stocks? Put on hold. Just do YF indicators.  Any tips from TraderTV Live? Costco Which stock in hand can I sell? 12 stuck stocks at FSMone. See Yahoo Finance. VISA. Bought $233.27. Target $256 or cut at KDJ dead fork.  LUV (mm kdj rsi). Bought $53.  AAL (mm kdj rsi). Bought $21.30.  AAPL. Bought $125. Target (high) $145.  GNUS (yf bbl sto). Buy at 1.65. Done. Target $1.82.  How to track medical biotech stocks, meme stocks, and penny stocks... As we

Rookie Swing Trader Journal 7 July 2021 - Buy GNUS

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 How's my purchasing power today? I can buy 2 stocks using  Moomoo .  What stocks to buy today from my  Moomoo  watchlist? None 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, Yahoo Finance movers related stocks? GNUS (YF BB STO). Buy at 1.65. Done. Target $1.82.  Any tips from TraderTV Live? LUV Which stock in hand can I sell? 12 stuck stocks at FSMone. See Yahoo Finance. VISA. Bought $233.27. Target $256 or cut at KDJ dead fork.  LUV (mm kdj rsi). Bought $53.  AAL (mm kdj rsi). Bought $21.30.  AAPL. Bought $125. Target (high) $145.  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 wi