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Showing posts from 2023

Aug 2023 BRO ACE Stock Trading Strategy

It's 3 August 2023... the Rookie Trader discovered a flaw in the BRO ACE buy strategy. When "A" triggers the buy signal, the Target may not be coming but may have just passed. Mistake done in AMD purchase.  So the new rule is: never buy if Target has been reached in the last 3 months.   ======== ROOKIE STOCK MARKET STRATEGY DAILY CHECKLIST Identify stock holdings to SELL.  Use BRO (Moomoo) and ACE (Yahoo Finance). All 3 must meet the criteria... BOL (20, C,2). Above Upper Band (sell).  RSI (7). Cross above 70 (sell). OBV. Reach a 3-month high (sell).  A. Average Analyst Price Target is equal to or less than price (otherwise let the profits run).  Remember... Never expect the price to return to its previous high. Sell on signal even if it's a loss (capital cashflow is better than stuck or falling losses) Identify stocks to BUY Buy only S&P500 stocks... for stability and dividends. Use the Moomoo stock screener to screen SP500 stocks with a daily Bollinger indicator

Jun 2023 BRO ACE Stock Trading Strategy

It's 9 June 2023... the Rookie Trader remembers the Intrinsic Value he learned from Adam Khoo. He is too lazy to calculate though. He also doesn't want to pay for Simply Wallstreet calculated fair value. So he is turning to Yahoo Finance Average Analyst Price Target. Why is he adding this new indicator to his Buy Sell Formula? Coz he realized he sold AAPL and MSFT too soon using the previous BRO EC Sell Signal formula. So from today, the strategy is known as BRO ACE Stock Trading Strategy.  ======== ROOKIE STOCK MARKET STRATEGY DAILY CHECKLIST Identify stock holdings to SELL.  Use BRO (Moomoo) and ACE (Yahoo Finance). All 3 must meet the criteria... BOL (20, C,2). Above Upper Band (sell).  RSI (7). Cross above 70 (sell). OBV. Reach a 3-month high (sell).  A. Average Analyst Price Target is equal to or less than price (otherwise let the profits run).  Remember... Never expect the price to return to its previous high. Sell on signal even if it's a loss (capital cashflow is be

May 2023 BRO EC Stock Trading Strategy

It's late May 2023... the Rookie Trader discovers a new Moomoo stock screener that screens SP500 stocks with daily Bollinger indicator falling below the lower band.   ======== ROOKIE STOCK MARKET STRATEGY DAILY CHECKLIST Identify stock holdings to SELL.  Use BRO on Yahoo Finance records. All 3 must meet the criteria... BOL (20, C,2). Above Upper Band (sell).  RSI (7). Cross above 70 (sell). OBV. Reach a 3-month high (sell).  Remember... Never expect the price to return to its previous high. Sell on signal even if it's a loss (capital cashflow is better than stuck or falling losses) Identify stocks to BUY Buy only S&P500 stocks... for stability and dividends. Use Moomoo stock screener to screen SP500 stocks with daily Bollinger indicator falling below the lower band... tap into the search bar to find the Screener.  No need this any more?... Set Moomoo Bol or RSI buy alerts. Use Moomoo for BRO indicators... and Yahoo Finance for EC stats. All 5 must meet the criteria at closi

Rookie BRO EC Stock Trading Strategy - Mid-Apr 2023

It's mid-April 2023... the Rookie wants to rewrite the strategy. It is simply rearranging and putting the sell checklist first.  ======== ROOKIE STOCK MARKET STRATEGY DAILY CHECKLIST Identify stock holdings to SELL.  Use BRO on Yahoo Finance records. All 3 must meet the criteria... BOL (20, C,2). Above Upper Band (sell).  RSI (7). Cross above 70 (sell). OBV. Reach a 3-month high (sell).  Remember... Never expect the price to return to its previous high. Sell on signal even if it's a loss (capital cashflow is better than stuck or falling losses) Identify stocks to BUY Buy only S&P500 stocks... for stability and dividends. Use Finviz to filter the SP500 stocks with RSI below 40... If too many, find PEG less than 1...  https://finviz.com/screener.ashx?v=111&f=idx_sp500,ta_rsi_os40&ft=4 Set Moomoo Bol or RSI buy alerts. Use Moomoo for BRO indicators... and Yahoo Finance for EC stats. All 5 must meet the criteria at closing... BOL (20, C,2). Below Lower Band (buy).  RSI

Rookie BRO EC Stock Trading Strategy - Apr 2023

On 2 Apr 2023, the Rookie feels the market is recovering... sold some old stocks at profit after holding for years in the negative... new buys are doing well... thanks to the Rookie BRO Trading Strategy...  ======== ROOKIE BRO EC BUY STRATEGY BUY Buy only S&P500 stocks  Use Finviz to find SP500 stocks with RSI below 40... If too many, find PEG less than 1...  https://finviz.com/screener.ashx?v=111&f=idx_sp500,ta_rsi_os40&ft=4 Set Moomoo Bol or RSI buy alerts. Use Moomoo for BRO indicators ... and Yahoo Finance for EC stats.  BOL (20,C,2). Below Lower Band (buy).  RSI (7). Cross below 30 (buy).  OBV. Reach 3-month low (buy).  Earnings. Positive for past 3 years.  Cash Flow. Positive and in the millions.  All 3 BRO must meet the criteria at closing, plus...  - Never buy when there is a recent gap down..  SELL BOL (20, C,2). Above Upper Band (sell).  RSI (7). Cross above 70 (sell). OBV. Reach 3-month high (sell).  One more thing... - Never expect the price to return to its hig

Rookie BRO Stock Trading Strategy - Mar 2023

On 17 Mar 2023, Rookie discovers 3 new strategies. - BRO strategy works in a 3-month time frame.  - Never expect the price to return to its highest.  - Never buy when there is a recent gap down.  The above are added into the overall strategy. ======== Here's the Rookie strategy for Mar 2023. Buy only S&P500 stocks  Use Finviz to find SP500 stocks with RSI below 40... If too many, find PEG less than 1... https://finviz.com/screener.ashx?v=111&f=idx_sp500,ta_rsi_os40&ft=4 ROOKIE BRO (BOL+RSI+OBV) STRATEGY Use Moomoo or Yahoo Finance to read the BRO indicators.  BOL. 20, C,2. Below Lower Band (buy). Above Upper Band (sell). Set Moomoo BOL alerts.  RSI. Cross below 30 (buy). Cross above 70 (sell). OBV. Reach 3- month low (buy). Reach 3-month high (sell). All 3 must meet the criteria at closing, plus...  - BRO strategy works in a 3-month time frame.  - Never expect the price to return to its highest.  - Never buy when there is a recent gap down. - Buy only if past 3 years po

PFE vs MMM, Which Stock to Buy for Potential 10% Gain?

I am considering buying either PFE or MMM, as both have the potential to go up by 10%. (Using ORB Strategy) After researching, I have found that PFE is more undervalued than MMM. (Simply Wall Street) Therefore, I have decided to queue for PFE at a low of $44.  If you're interested in joining me, I suggest signing up for Moomoo now. You can even get 1 free share worth S$35-200 as a Welcome Reward! Here's the link to sign up: https://j.moomoo.com/00vPQ1 ~ The Rookie Trader Rookie ORB Stock Trading Strategy - Jan 2023  

Boring Day- SPY ETF Flat

Today was a boring day before the market opens. I couldn't find anything to buy or sell. The SPY ETF (S&P 500 index fund) was just sitting in the middle, not really moving in any direction. It's days like these that make me feel like a rookie trader. Hopefully tomorrow will bring more opportunities. Join me and sign up for moomoo now! Get 1 free share worth S$35-200 as Welcome Rewards! https://j.moomoo.com/00vPQ1 ~ The Rookie Trader Rookie ORB Stock Trading Strategy - Jan 2023  

Rookie Trader Stock Selling - Sold UAA

The Finviz stock screener showed only 13 stocks that I probably had the chance to purchase.  Unfortunately, there was nothing to buy.  I sold UAA at $11.80, which is above my target price. I am pleased to say that my ORB stock strategy works. As a result, I now have new capital.  I have determined that SPY is not ready to buy at this time. ~ The Rookie Trader Rookie Stock Trading Strategy - Jan 2023  

A Slow Day in the Market: The Rookie Trader's Perspective

I am the Rookie Trader, and it looks like the premarket is down.  AAL, one of my holdings, shot up 9.71%, but it is still in the red.  UAA is almost there, but not today. So, I have nothing to sell today.  SPY is neutral, and there is no buy signal today.  I am wondering how money can be made when there is nothing to buy or sell.  ~ The Rookie Trader Rookie Stock Trading Strategy - Jan 2023  

Rookie Trader TSLA Missed Buy

Yesterday, I missed my buy price for TSLA and I'm wondering if I should buy higher next time to catch the wave. The stock's value is still rising and I don't want to miss out on any potential gains. Currently, some of my other holdings such as AMZN and AAPL are finally showing positive returns, and MSFT is also doing well. I don't have any plans to sell any of my current holdings as they haven't reached my target sell prices yet. Currently, there are no buy signals for me today. As a rookie trader, it can be frustrating to miss out on opportunities like this, but it's important to remember to stay disciplined and stick to my trading strategy. ~ The Rookie Trader Rookie Stock Trading Strategy - Jan 2023  

Rise to the Top: Navigating the Stock Market as a Rookie Trader

As a beginner in the stock market, I am constantly monitoring the market and its fluctuations. Recently, I have noticed that the market seems to be on the rise. With this upward trend, I can't help but feel a little bit of "fear of missing out" (FOMO) about not buying any stocks. Yesterday, TSLA (Tesla, Inc.) fell back down after a morning rise and closed at $118.85. This has prompted me to consider buying TSLA at $119, in the hopes of making a profit as the market continues to rise. However, as a rookie trader, I need to be cautious and make sure to thoroughly research and consider all options before making any decisions. At the moment, none of my current holdings are ready to be sold yet as most are still in the red. As a rookie trader, it is important for me to have patience and not rush into any decisions. I will continue to keep a close eye on the market and my holdings, making sure to make informed and calculated decisions as I navigate the world of stock trading. 

Rookie Trader's Dilemma: Should I Chase Tesla Stock or Stick to My Plan?

I missed out on buying Tesla stock at $117 yesterday and now I'm wondering if I should chase it because it's currently at $120. I've looked at some technical indicators like RSI, OBV, and Bollinger Bands, and they're all saying that it's a good buy. But, as soon as I decide to buy in, I see that it has opened at $121 and is climbing fast. I quickly change my mind and decide not to chase it. I also take a look at the S&P 500 index (SPY) and decide that it's not a good time to buy into that either. As a rookie trader, I know that chasing stocks and buying in at the wrong time can be a costly mistake. It's important to have a plan and stick to it, and not let emotions drive my decisions.  ~ The Rookie Trader Rookie Stock Trading Strategy - Jan 2023  

Exploring the Current Trends in the S&P500: Microsoft and Tesla Stand Out

I browsed through Finviz today and noticed that there are only two pages of S&P500 stocks with buy signals. This caught my attention because it means that most of the stocks in the index are performing well. However, I noticed that there are a couple of exceptions to this trend. First, there's Microsoft (MSFT). The stock is currently trading at $226 per share. It's definitely one to keep an eye on. [DONE] Then there's Tesla (TSLA). This stock is trading at $117 per share. It's definitely worth considering as a potential investment. Overall, it seems like the market is doing well, with only a few exceptions. As a rookie investor, it's always important to keep track of the trends and do your own research before making any decisions.  ~ The Rookie Trader Rookie Stock Trading Strategy - Jan 2023  

How I successfully sold TFX at $256 on Moomoo: My waiting strategy pays off

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I queued on  Moomoo  to sell TFX at $256. I am unlikely to get that price, but I have decided that I will not sell lower than that. I am willing to wait for the right buyer to come along.   Update: Sold. ROOKIE STOCK BUYING STRATEGY  Buy only S&P500 stocks for growth and dividend (if holding for too long).    Find SP500 stocks with RSI below 40... If too many, find PEG less than 1...  https://finviz.com/screener.ashx?v=111&f=idx_sp500,ta_rsi_os40&ft=4 See moomoo or Yahoo finance...   Use  RSI+BOL+ OBV strategy - May 2022 RSI. Crosses below 30 (buy). Crosses above 70 (sell).  OBV. Bounce from extreme low (buy). Bounce 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 at closing.  Plus buy only if the company is profitable (Yahoo finance) and undervalued (simply wall street).   ROOKIE SELL/STOP LOSS STRATEGY  Check holdings every day for an  RSI+BOL+ OBV  sell signal. Sell on signal even

Is it Time to Sell TFX?

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Moomoo alert tells me that TFX has rose above the Bollinger upper band.  Should I sell it now? Or wait for theil other 2 signals to confirm? I queued at 257... Opened at 255... Now at 30 minutes it's 249. I should have have queued at the Moomoo suggested price of 254.  Lesson learned. I will wait.  ROOKIE STOCK BUYING STRATEGY  Buy only S&P500 stocks for growth and dividend (if holding for too long).    Find SP500 stocks with RSI below 40... If too many, find PEG less than 1...  https://finviz.com/screener.ashx?v=111&f=idx_sp500,ta_rsi_os40&ft=4 See moomoo or Yahoo finance...   Use  RSI+BOL+ OBV strategy - May 2022 RSI. Cross below 30 (buy). Cross above 70 (sell).  OBV. Bounce from extreme low (buy). Bounce 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 at closing.  Plus buy only if the company is profitable (Yahoo finance) and undervalued (simply wall street).   ROOKIE SELL/S

Yahoo Finance App not showing full Charts - The Rookie Stock Trader

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What to buy? Any signal?  Yahoo Finance app still not working. Full Charts still not showing. Back to Moomoo again.  Nothing to buy or sell. Just setting up more Boll signals.  ROOKIE STOCK BUYING STRATEGY  Buy only S&P500 stocks for growth and dividend (if holding for too long).    Find SP500 stocks with RSI below 40... If too many, find PEG less than 1...  https://finviz.com/screener.ashx?v=111&f=idx_sp500,ta_rsi_os40&ft=4 See moomoo or Yahoo finance...   Use  RSI+BOL+ OBV strategy - May 2022 RSI. Cross above 30 (buy). Cross below 70 (sell).  OBV. Bounce from extreme low (buy). Bounce 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 at closing.  Plus buy only if the company is profitable (Yahoo finance) and undervalued (simply wall street).   ROOKIE STOCK SELLING STRATEGY  Check holdings every day for an  RSI+BOL+ OBV  sell signal. Sell on signal even if it's a loss (capital cas

A Rookie Stock Trading Strategy - Jan 2023

This is the First trading day in 2023.  How do I feel?  The tiger year is coming to an end.  That means the 3-year bear market cycle is about to complete.  That's the pattern I see. It's not scientific. Just my observation.  Oh, I discovered on Moomoo I can set Bollinger alerts. So i set some based on TODAY'S Finviz alerts.  Here's my strategy for January 2023. ROOKIE STOCK BUYING STRATEGY  Buy only S&P500 stocks for growth and dividend (if holding for too long).    Find SP500 stocks with RSI below 40... If too many, find PEG less than 1...  https://finviz.com/screener.ashx?v=111&f=idx_sp500,ta_rsi_os40&ft=4 See moomoo or Yahoo finance...   Use  RSI+BOL+ OBV strategy - May 2022 RSI. Cross above 30 (buy). Cross below 70 (sell).  OBV. Bounce from extreme low (buy). Bounce 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 at closing.  Plus buy only if the company is profit