May 2023 BRO EC Stock Trading Strategy

It's late May 2023... the Rookie Trader discovers a new Moomoo stock screener that screens SP500 stocks with daily Bollinger indicator falling below the lower band.  

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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 Moomoo stock screener to screen SP500 stocks with daily Bollinger indicator falling below the lower band... tap into the search bar to find the Screener. 
  • No need this any more?... 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 (7). Cross below 30 (buy). 
    • OBV. Reach a 3-month low (buy). 
    • Earnings. Positive for the past 3 years. 
    • Cash Flow. Positive and in the millions. 
    • + Never buy when there is a gap down in the last 3 months. 

~ The Rookie Stock Trader


PS:

RECORD 3 things...

- 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. 

PURGE

- Consolidate and Sell old stocks. Keep only 20 manageable stocks. Do not buy and hold. 

OBSERVE

Late April to early May - Buy on dip
May - Sell and go away
August - Strong month
September - A bad month for stocks.
November - Reinvest

- Forget SuperTrend... Coz it's 3 days late.
- Previously... 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 ... taken over by Moomoo screener.  

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