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

 















Comments

Post a Comment

Popular posts from this blog

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 Bol...
Read more

Supertrend Trading Journal 2021 Feb 26 - GME

Image
1 hour before the market opens. Any stocks in my Yahoo watchlist meeting my Supertrend buy criteria?  None. Any stocks from MarketInOut.com to buy? None. Scan the other stocks people are also watching? None showing the supertrend buy signal.  Yahoo Finance lags at 20 minutes before the market opens. So let's stop checking to market opens.  Listen to Trader TV Live in the background.  What's SwaggyStocks saying about Wallstreetbets ticker sentiment? GME, AMC, and PLTR.  Market opens... Since I can't find a supertrend, then... Queued for GME at $119. Missed. Keyed in too slow. Amended to $125. Chasing. Missed again. 20 minutes later... DONE! Did any stocks on hand meet my Supertrend sell criteria? 11 out of 13 stocks turned red. Nothing to sell. How's my purchasing power today? I can buy up to only 3 more stocks.  Any potential stocks from MarketInOut.com to buy? None Any potential Supertrend buy signal from Finviz screener? None See you at 3 pm closing ...
Read more