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Rookie Trader Journal 11 Jun 2021

How's my purchasing power today? I can buy 0 stock using  Moomoo .  Any stocks in my Moomoo watchlist to buy?  Any tips from TraderTV Live? How to track medical biotech stocks, meme stocks, and penny stocks?  Moomoo   Which stock in hand can I sell? ADVM. Bought $4. Stop $3.47. Target $4.5.  METX. Bought $1.60. Stop $1.53. Target $1.90. AAPL. Bought $125. Target $138. Stop at the dead fork.  VISA. Bought $233.27. Target $256. Stop at the dead fork.   VLDR. Bought $11.65. Target $12.82. See you tomorrow.  ~ Rookie Trader  PS: I would like to thank the following... For the charts...  https://finance.yahoo.com/ For the analysis...  https://tradertv.live/ For the screener...  Finviz.com Buy Crypto? What did I learn? Don't be influenced by news. Follow the indicator signal instead. Buy Market price when I see a signal. Don't buy at a Limit price.  Buy on dip from late April to early May 2021. "Sell in May and go awa...

What is Moomoo Trading Commission Fee | Rookie Trader Journal 10 Jun 2021

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What is Moomoo Commission Fee for US market cash trading? Unlimited Commission-Free stock trading for the first 180 days. However, I still have to pay a $1 platform fee plus 7% GST. Commission fee for US market: USD 0.0049 / Share, min USD 0.99 / Order Platform fee for US market: USD 0.005 / Share, min USD 1 / Order Source:  https://support.futusg.com/en-us/topic76/h5 This is what I have to pay for buying 8 Apple shares: $1.07. How's my purchasing power today? I can buy 1 stock using  Moomoo .  Any stocks in my Moomoo watchlist to buy?  VLDR. Buy at market price. $11.65. Done. Target $12.82.  Any tips from TraderTV Live? None.   How to track medical biotech stocks, meme stocks, and penny stocks?  Moomoo   Which stock in hand can I sell? ADVM. Bought $4. Stop $3.47. Target $4.5.  METX. Bought $1.60. Stop $1.53. Target $1.90. AAPL Bought $125. Target $138. Stop at the dead fork.  VISA Bought $233.27. Target $256. Stop a...

How to find buy and sell signals from the KDJ indicator? - Rookie Trader Journal 9 Jun 2021 - Sold PULM

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How to find buy and sell signals from the KDJ indicator? You get a  buy signal  from the  KDJ  indicator when the three curves converge.  The  signal  is even stronger when the golden fork appears under the 20-line, that is in the oversold area.  A sell signal is received when the lines converge.  The signal is stronger when the dead fork of the KDJ indicator occurs in the overbought zone that is above the 80-line. Source:  https://www.iqoptionwiki.com/kdj-indicator-on-iq-option/ How's my purchasing power today? I can buy 1 stock using  Moomoo .  Any stocks in my Moomoo watchlist to buy?  None.   Any tips from TraderTV Live? None.   How to track medical biotech stocks, meme stocks, and penny stocks?  Moomoo Which stock in hand can I sell? ADVM. Bought $4. Stop $3.47. Target $4.5.  METX. Bought $1.60. Stop $1.53. Target $1.90. AAPL Bought $125.  VISA Bought $233.27. PULM. Bought $0.93. T...

Invest in Great Companies - Rookie Trader Journal 8 Jun 2021

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How to avoid investing in companies that will go best?   https://youtu.be/gykGAecGwBU ✅ Buy great companies - Don't buy good, mediocre, or lousy companies.  ✅ Look for positive cash flow - Don't look for positive revenue and earnings.  ✅ Don't buy companies with negative cash flow that pay dividends.  ✅ Don't buy perpetual bonds with good returns. ✅ Don't buy because of A celebrity CEO or government investment.  That applies to Singapore investments. How's my purchasing power today? I can buy 0 stocks using  Moomoo .  Any stocks in my Moomoo watchlist to buy?  None.   Any tips from TraderTV Live? None.  Question to self: How to track medical biotech stocks, meme stocks, and penny stocks? Which stock in hand can I sell? ADVM. Bought $4. Stop $3.47. Target $4.5.  METX. Bought $1.60. Stop $1.53. Target $1.90. PULM. Bought $0.93. Target $1.05. Stop?  AAPL Bought $125.  VISA Bought $233.27.  See you tomorrow....

What is an Overweight Stock

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I felt like I made a mistake buying VISA a few minutes ago. 😒 The price went down. Then Moomoo published a list of upgraded stocks. VISA went from Neutral to Overweight. What is an overweight stock? Within the stock market, the term overweight can be used in two different contexts. 1. A rating of stock by a financial analyst as better value for money than other stocks. The other possible ratings are "underweight" and "equal weight", to indicate a particular stock's attractiveness.   https://en.m.wikipedia.org/wiki/Overweight_(stock_market) Is an overweight stock good? Financial analysts give their opinions of the future performance of a security. They can give performance ratings of underweight, overweight , or market performance to a Security. If analysts give a stock an overweight rating, they expect the stock to outperform its industry in the market. https://www.investopedia.com/ask/answers/050115/why-do-analysts-sometimes-give-overweight-recommendation-...

Margin or Cash Trading on Moomoo - Rookie Trader Journal 7 Jun 2021 - Cut TSLA Bought VISA AAPL

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Is Moomoo a Cash or Margin Trading platform? The app is a little confusing. I see the word Margin everywhere until I place a trade do I see the word Cash! 🤨 Today I placed my first trade on Moomoo. This is how I figured it out. ✅ Changing SGD to USD - Go to Trade, US Margin Account, Currency Exchange to change all my SGD2700 deposit to USD. The process took less than 5 minutes.  ✅ Buying a stock - Go to the stock. Tap on Trade. Choose Limit or Market. Key in price and quantity. Unlock Trade. Then tap on Buy.  A notification appears telling me that whether the trade is cash or margin. The funds available will be used for cash trading. If funds are not enough, then a certain number of shares will go into Margin trading.  ✅ Monitoring Stocks - To monitor potential stocks to buy, go to the watch list in the Quotes tab. To monitor stock holdings and orders pending, go to the Trade tab.  Today, I will not venture into Margin trading and stick to whatever funds I have for ...

Margin Trading vs Cash Trading

" The two main types of brokerage accounts are  cash  accounts and  margin  accounts. A c ash account  requires that all transactions must be made with available  cash or  long positions.  Margin  accounts allow investors to borrow money against the value of the securities in their  account ."...  https://www.investopedia.com/ask/answers/100314/whats-difference-between-cash-account-and-margin-account.asp

How decentralization makes blockchains special?

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There are two things in investing that I truly want to understand: blockchain and decentralization.  Today, I read an article that explains it clearly. What's blockchain decentralization? The first feature of blockchains is that they are decentralized. It is a phenomenon or structure that only appears in a system with many blockchain nodes or in a group with many individuals. This structure makes all transactions transparent to everyone involved. Benefits of decentralization: - Provides a trustless environment - Reduces systemic failures - Improves data reconciliation - Optimizes resource distribution Learn more here... Invest with moomoo :How decentralization makes blockchains special? https://www.moomoo.com/en-sg/community/feed/106346009985029 ~ the rookie trader

Are Trailing Stops A Good Idea? - Trading Journal 4 Jun 2021 - Bought TSLA Sold KALA

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" A trailing stop loss is better than a traditional (loss from the purchase price) stop-loss strategy. The best trailing stop-loss percentage to use is either 15% or 20% ... https://www.quant-investing.com/blogs/general/2015/02/16/truths-about-stop-losses-that-nobody-wants-to-believe The availability of a Stop Loss order is the reason I switched to Moomoo from FSMone.  How's my purchasing power today? I can buy 2 stocks using Moomoo.  Any stock to add to my Yahoo Finance watchlist from Finviz.com screener?  Find stocks before they go up (for swing trading)...  https://youtu.be/DgTAt6kT2KM https://finviz.com/screener.ashx?v=211&f=sh_price_u30,sh_relvol_o0.75,ta_pattern_tlsupport2,ta_sma200_pa,ta_volatility_mo8&ft=4 Ignored Party starter scanner...   https://finviz.com/screener.ashx?v=211&s=ta_unusualvolume&f=ind_stocksonly,sh_avgvol_o100,ta_perf_dup&ft=4&o=-volume Ignored Rookie sPring Scanner May 2021... https://finviz.com/screener.a...

How to deposit SGD funds to Moomoo - Trading Journal 3 Jun 2021 - Sold JOB

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On a day when AMC got suspended, I switched to a new trading platform.  Yesterday, I opened an account with Futu SG via the Moomoo app . 👉 https://j.moomoo.com/005lWj Today, I made the first deposit of funds. There are 2 ways to deposit funds. Instant Deposit via DDA or Bank Transfer.  I want instant so I chose Instant Deposit. Next, I have to link my bank. I wonder what if I don't have a DBS bank.  After linking, I deposited S$2700. Moomoo app is like a game with these gamified type of notifications.  I am now ready to trade on Moomoo. I will withdraw my funds from the other trading platform after I make my first successful trade on Moomoo.  How's my purchasing power today? I can buy 2 stocks using Moomoo.  Any stock to add to my Yahoo Finance watchlist from Finviz.com screener?  Find stocks before they go up (for swing trading)...  https://youtu.be/DgTAt6kT2KM https://finviz.com/screener.ashx?v=211&f=sh_price_u30,sh_relvol_o0.75,ta_pattern_...