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

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 above the zero line. If the KST moving averages hold above the zero line, a bullish trend is confirmed. https://tradingstrategyguides.com/know-sure-thing-indicator-strategy/

Is KST for swing trading? KST is recommend for day trading. For traders who prefer simple trading strategies, the KST oscillator should be considered for evaluating: Breakout trading signals, and assessing the strength of a trend. https://tradingstrategyguides.com/know-sure-thing-indicator-strategy/

Is KST indicator accurate? Many traders combine the KST indicator with other forms of technical analysis to maximize their odds of success. For example, traders may look at other non-momentum indicators, chart patterns, or candlestick patterns to help in their decision-making. https://www.investopedia.com/terms/k/know-sure-thing-kst.asp



--------

 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?
  • YF Watch list. None. 
  • In the YF news. None. 
  • Related YF trending tickers. None. 
  • Related YF market movers




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 and MA. 
    • 3rd signal - Double confirm with Oversold Analyses. 
    • Complement with Bollinger Band Breakout strategy. 
    • Sell on opposite signals. 
  • YAHOO FINANCE BUY SIGNAL:
    • Yahoo Finance mover-related stocks. 
    • Pring KST - Green line crosses above the red line while below 0. 
    • AND price above 50MA. 
  • YAHOO FINANCE SELL SIGNAL:
    • Stochastic: The black line crosses below the red line while above 80. (Wrong)
What happened?
What worked? Why?
What did not work? Why?
What did you learn? 
What can be done better? 
  • Is there a pring kst alert?
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.
  • ETH-USD $1990.

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 losing 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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