Rookie BRO EC Stock Trading Strategy - Mid-Apr 2023
It's mid-April 2023... the Rookie wants to rewrite the strategy. It is simply rearranging and putting the sell checklist first. ======== ROOKIE STOCK MARKET STRATEGY DAILY CHECKLIST Identify stock holdings to SELL. Use BRO on Yahoo Finance records. 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). 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 Finviz to filter the SP500 stocks with RSI below 40... If too many, find PEG less than 1... https://finviz.com/screener.ashx?v=111&f=idx_sp500,ta_rsi_os40&ft=4 Set Moomoo Bol or RSI buy alerts. Use Moomoo for BRO indicators... and Yahoo Finance for EC stats. All 5 must meet the criteria at closing... BOL (20, C,2). Below Lower B...