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Showing posts from April, 2023

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 Band (buy).  RSI

Rookie BRO EC Stock Trading Strategy - Apr 2023

On 2 Apr 2023, the Rookie feels the market is recovering... sold some old stocks at profit after holding for years in the negative... new buys are doing well... thanks to the Rookie BRO Trading Strategy...  ======== ROOKIE BRO EC BUY STRATEGY BUY Buy only S&P500 stocks  Use Finviz to find 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.  BOL (20,C,2). Below Lower Band (buy).  RSI (7). Cross below 30 (buy).  OBV. Reach 3-month low (buy).  Earnings. Positive for past 3 years.  Cash Flow. Positive and in the millions.  All 3 BRO must meet the criteria at closing, plus...  - Never buy when there is a recent gap down..  SELL BOL (20, C,2). Above Upper Band (sell).  RSI (7). Cross above 70 (sell). OBV. Reach 3-month high (sell).  One more thing... - Never expect the price to return to its hig