Jun 2023 BRO ACE Stock Trading Strategy
It's 9 June 2023... the Rookie Trader remembers the Intrinsic Value he learned from Adam Khoo. He is too lazy to calculate though. He also doesn't want to pay for Simply Wallstreet calculated fair value. So he is turning to Yahoo Finance Average Analyst Price Target. Why is he adding this new indicator to his Buy Sell Formula? Coz he realized he sold AAPL and MSFT too soon using the previous BRO EC Sell Signal formula. So from today, the strategy is known as BRO ACE Stock Trading Strategy. ======== 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 be