Rookie Swing Trader Journal 1 July 2021

How's my purchasing power today?

  • I can buy 3 stocks using Moomoo. 

What stocks to buy today from my Moomoo watchlist?

  • AAL (bb & rsi). Buy at $20.80
  • SOFI (kdj rsi wsb). Buy at $18.90
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?
  • None

Any tips from TraderTV Live?
  • None

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. 
  • ZOM (kdj). Bought $0.84. 

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?
  • See above
What worked? Why?
  • Cutting loss before it hits -$100. Why? More capital to buy rising stocks. 
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? 

What can be done better? 
What will stop you?
How to overcome the challenges?

Until tomorrow. 

~ Rookie Trader 


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

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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