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 











Comments

Post a Comment

Popular posts from this blog

How decentralization makes blockchains special?

Image
There are two things in investing that I truly want to understand: blockchain and decentralization.  Today, I read an article that explains it clearly. What's blockchain decentralization? The first feature of blockchains is that they are decentralized. It is a phenomenon or structure that only appears in a system with many blockchain nodes or in a group with many individuals. This structure makes all transactions transparent to everyone involved. Benefits of decentralization: - Provides a trustless environment - Reduces systemic failures - Improves data reconciliation - Optimizes resource distribution Learn more here... Invest with moomoo :How decentralization makes blockchains special? https://www.moomoo.com/en-sg/community/feed/106346009985029 ~ the rookie trader
Read more

Live Day Trading the US Stock Market

Image
I watched these guys' day trade the US stock market live on YouTube. What did I learn? 1. They talk non-stop.  2. They track the news.  3. They watch the premarket.  4. They show their trades. 5. They announce both their wins and losses. 6. They talk about missed trades (Tilray) without emotion.  7. They talk about selling too early but feeling ok because they are following their rules.  What might not work for me? I'm not a day trader but a daily trader. Still, there is something to learn.  I will be watching these day traders again... Coz they might be doing the homework for me.  That's TraderTV Live...  https://m.youtube.com/watch?v=7IqkUKdKKis ~ the rookie trader PS: What happened? - Boring day. What worked? Why? - RIG up 6.20% but the overall gain is only 2.80%. There isn't any news. What did not work? Why? - Latest stock (AG) in but watch list went up (+4.88%) while holding stocks go down.  What did you learn? - I could have just bought...
Read more

AXP is not ready for the buy - Make $15K/mth from Stocks Challenge #220302

What stocks to buy?    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 Double confirm for UNDERvaluation here...  https://simplywall.st/dashboard Buy if undervalued more than 30%. Experiment - Scroll through yahoo stock chart  from 1 day to 15 min interval to forecast supertrend signal.   👉 AXP. 26.9% undervalued. Supertrend is not ready.  Which stock to sell? ...or stop loss. Check for OVERvaluation here...  https://simplywall.st/dashboard Sell when overvalued. 👉 Nothing currently to Sell.  Until tomorrow.  May the markets be with you! ~ The Rookie Trader  PS: I would like to thank the following...  For the charts...  https://finance.yahoo.com/ For all in one...  https://j.moomoo.com/00gxKc For the sc...
Read more