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?
- 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
- Or try some undervalued growth stocks...
- https://finance.yahoo.com/screener/predefined/undervalued_growth_stocks
- Or what's Trader TV LIVE watching...
- https://tradertv.live/members-area/
- Or try some Meme Stocks...
- https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment
- Double confirm for UNDERvaluation here...
- https://simplywall.st/dashboard
- Buy if undervalued more than 30%.
- Use Yahoo Supertrend.
- Wait for the Golden Egg. 🏅
RSI followed by Supertrend rule on 15m chart:
- Buy, if you get a Buy signal in RSI(7), followed by a Buy signal in Supertrend(5,1.5) within 2-3 candles (RSI must not go more than 50).
- Sell, if you get a Sell signal in RSI(7), followed by a Sell signal in Supertrend(5,1.5) within 2-3 candles (RSI must not go less than 50).
- Modified from... https://investarindia.com/blog/supertrend-indicator-strategy-with-formula/
- Use different time frames for different stocks, depending on whether the indicators are respected by the stock.
- TSLA 1D | GME 1H | ETH 4H | AMD 1D | NVDA 4H | V 4H
Queue to Buy HD $308
Which stock to sell? ...or stop loss.
- Check for OVERvaluation here...
- https://simplywall.st/dashboard
- Sell when overvalued.
- Also, try Supertrend Signals on the desktop browser.
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...
- For the charts... https://finance.yahoo.com/
- For all in one... https://j.moomoo.com/00ha39
- For the scanner... https://finviz.com/
- For the valuation... https://simplywall.st/
- For the course... https://www.swing-trade-stocks.com/
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.
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Find my CapitaLand stocks. Record new stocks properly. Consolidate old stocks. Sell old stocks beyond a certain age. Keep only 20 manageable stocks.
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