Rookie Trader 220623 wants to buy MSFT
This Rookie Trader is losing a lot of money, but in the last 3 days, there were many buy signals. This is what he is waiting for, because when the markets were up, there was nothing to buy. It might go down further, so he will buy only S&P500 stocks and those counters that he is not holding.
What stocks to sell today?
None.
What stocks to buy today?
👉$Buy > $Tgt > Potential%
MSFT $251 > $280 > 11% > queued
Done BUY...
U $39.10 > $102 > 161% > Q at $40. Done! 2 Jun 2022.
PLTR $8.5 > $16 > 88% > Q at $8.40 joint. Done! 1 June 2022.
COIN $66 > $150 > 127% > Q at $71. Done! 1 Jun 2022.
PYPL $85 > $140 > 64% > Q at $85.50. Joint. Done! 1 Jun 2022.
UAA $10 > $18 > 80% > Q at $10.35. Done! 1 Jun 2022.
Buy Checklist...
- 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.
- Yet another new strategy since May 2022.
- Use RSI+OBV+BOL strategy
- RSI. Below 30 (buy). Above 70 (sell).
- OBV. Bouncing from extreme low (buy). Bouncing from extreme high (sell)
- BOL. 20, C,2. Fall out of band and back (buy). Rise out of band and back (sell).
- All 3 must meet the criteria.
- Supertrend will appear 3 days late.
Sell Checklist...
- Check for OVERvaluation here...
- https://simplywall.st/dashboard
- Sell when overvalued.
- Also, try Supertrend Signals on the desktop browser.
- Use the OBV+RSI+BOL strategy
None
See you on the next trading day.
~ Adrian Lee
Rookie Trader 2206
PS: JOIN MooMoo today with my referral link to get your 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 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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