Rookie Trader Journal - Queue to sell YUM at $135

Is it a good day to buy stocks?

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! 

👉Buy

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%.

👉None

Which stock to sell?

• Check for OVERvaluation here... 
• https://simplywall.st/dashboard
• Sell if overvalued.

👉YUM - Queue to sell at $135

Until tomorrow. 

~ The Rookie Trader 

PS: I would like to thank the following...

• For the charts... https://finance.yahoo.com/
• For all in one... https://j.moomoo.com/005lWj
• For the scanner... https://finviz.com/
• For the valuation... https://simplywall.st/
• For the course...  https://www.swing-trade-stocks.com/

Note to self:

• 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.
• Premarket moves are irrelevant and distracting. Stop tracking them. 
• Sell immediately if price spikes on news.
• Remove emotion from the equation.

• 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.

~ May the market be with you.