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.
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 positive earnings. 
- Buy only if positive cashflow (See Yahoo Finance). 

One more thing...
Sell on signal even if it's a loss (capital cashflow is better than stuck and falling losses)


~ 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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