Rookie Trader 220516 - Stock Market Crash
The market has been all red since I last journaled. As I note below... sell in May and go away... That's what institutions do when they take back cash from the market to prepare for the Summer Holidays. That is so true. Is there an opportunity in this down market? WHEN will the big player be back? August... See my note below.
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 ...SPY
- 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.
👉Buy?-Tgt?
F $14-$18
COIN $66-$150
RIVN $29-$50
PLTR $8.5-$16
SQ $83-$125
MSFT $261-$323
NKE $115-$145
Tsm 93-110
Asml 548-700
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.
None
See you on the next trading day.
~ Adrian Lee
Rookie Trader Journal #2205
PS: GET Free Unlimited US trades for 1 month when you open a new POEMS account...Usee 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 - Abadd 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 do we recover from stock market losses? How do I recover my money lost? How do I 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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Record new stocks properly. Consolidate old stocks. Sell old stocks beyond a certain age. Keep only 20 manageable stocks.
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