Small Loss to Big Loss - Sold Visa - Rookie Trading Journal #220408

"If you can't take a small loss, sooner or later you will take the mother of all losses."

Ed Seykota, systematic trend follower

What stocks to buy today?  

Queue to Buy HD $308

Which stock to sell? ...or stop loss.

Sell Visa at $215. Done. 

See you on the next trading day. 


~ Adrian Lee, The Rookie Trader  

PS: GET Free Unlimited US trades for 1 month when you open a new POEMS account... use my referral link... https://www.poems.com.sg/open-an-account/?referral=x2e34

PPS: JOIN MooMoo today with my referral link to get your personal Welcome Rewards... https://j.moomoo.com/00gxKc

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


PPPPS: Note to self...
  • Late April to early May - Buy on dip 
  • May - Sell and go away
  • August - Strong month, 
  • September - A Bad month for stocks.
  • November - Reinvest
  • Sell immediately if the price spikes on news.
  • Remove emotion from the equation. 
  • War news. Buy stocks in the oil, gold, and weapon industries. They go up while the rest go down.
  • 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.
  • My Stock Market Up and Down Forecast.
========
Find my CapitaLand stocks. Record new stocks properly. Consolidate old stocks. Sell old stocks beyond a certain age. Keep only 20 manageable stocks.
======== 







Comments

Post a Comment

Popular posts from this blog

On Balance Volume Trading Strategy

Volume  shows crowd sentiment as price bars carve out patterns that predict a bullish or bearish outcome. Volume supporting price action creates  convergence , adding reliability to directional signals. Opposing action creates  divergence , warning that market forces are in conflict, with one side eventually taking control. OBV generates more actionable signals than the green or red volume histograms commonly found at the bottom of  price charts . OBV hits a new high while the price tests resistance: bullish divergence, predicting the price will break  resistance  and surge higher, playing catch-up. The price hits a new high while OBV grinds at or below the last resistance level: bearish divergence, predicting the  rally  will stall or reverse. OBV hits new low while price tests support: bearish divergence, predicting the price will break support and surge lower, playing catch up. The price hits new low while OBV grinds at or above the last support level: bullish divergence, predicting
Read more

Seatrium Limited share consolidation: What are the implications

What are the details and implications of the recent share consolidation for Seatrium Limited? If you are currently holding Seatrium shares after the latest consolidation, here’s what you need to know: Share Consolidation Details: Seatrium Limited (formerly known as Sembcorp Marine) has proposed a 20-to-1 share consolidation. This means that every twenty (20) existing shares you held before the consolidation will be consolidated into one (1) consolidated share. Fractional entitlements will be disregarded, and each consolidated share will rank pari passu with each other.  Trading in the consolidated shares on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) will occur in board lots of one hundred (100) consolidated shares.  Shareholder Approval: The proposed share consolidation is subject to shareholders’ approval at the upcoming Annual General Meeting (AGM) scheduled for 26 April 2024.  Seatrium will issue a letter to shareholders containing details about the
Read more

Bank of America Stock: A Strategic Sell Decision

After analyzing Bank of America’s (BAC) stock, I decided to sell my 23 units. The indicators were clear: the price had risen above the upper Bollinger Band, the RSI was above 70%, and OBV was higher than its average, signaling that the stock was overbought. With the target price for BAC set at $48, and the current price at $46, I believed the risk of a pullback outweighed the potential for further gains. While my profit was still modest at the time of sale, the overbought signals and the proximity to the predicted target price led me to lock in gains and exit the position. This decision allows me to reinvest the funds into other opportunities with better potential. It's a reminder of the importance of trusting your technical analysis and taking profits when indicators align. Now, with the proceeds, I'm on the lookout for new stocks that fit my buy criteria.
Read more