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

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 

  •  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 if it's a loss (capital cashflow is better than stuck and falling losses)


Next Action

Note to self... Start setting up Bollinger alerts on Moomoo SPY stocks signaled by Finviz.

~ Adrian Lee - The Rookie Stock Trader

PS:

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

- Record new stocks on Google sheet for 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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