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 

  •  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 cashflow is better than stuck and falling losses)


Next Action

Note to self... set Bollinger alerts on Moomoo. 

~ Adrian Lee - The Rookie Stock Trader

PS:

- Forget SuperTrend... Coz it's 3 days late. 

- Record new stocks on Google sheet for the profit and loss tracking. 

- Record new stocks in Yahoo finance for monitoring. 

- Record events in the calendar for future reference. 

- Consolidate and Sell old stocks. Keep only 20 manageable stocks. Do not buy and hold.  

  • Late April to early May - Buy on dip 
  • May - Sell and go away
  • August - Strong month
  • September - A bad month for stocks.
  • November - Reinvest

 















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