Finviz.com | Hardwork | May 9 2024 | Notes for others

#ToBeginner #StockMarket #Trade #GetUpEarly #EarningSeason #EarnsDateBeforeMarketOpen #Finviz.com #IBDDigital

1.       Get up at 6:00 AM
2.       Open finviz.com -> screener -> use two filters: one is called Earnings date, one is called Market cap
3.       The idea is to find today before the market open – what stocks are down most – sorted by Market cap, focus on those stocks bigger than 10 billion or more, 2 B to 10 B
4.       Next is to sort the stock by industry
5.       Finviz.com is a free website tool
6.       Next is to work on your research, and those panic most today like ALGM, dropped 18% first 30 minutes, RBLX 25%, choose two or three stocks to work on
7.       Work on IBD digital tool, (Paid version, or Morningstar), because it is to trade, bet your luck and understand the market
8.       I chose to bet on ALGM, and search in wechat and find a few good articles about ALGM to read quickly
9.       Place 30 shares bets, it went up $30 dollars, and then bet another 400 shares, and then sold 0.60 * 400 shares = 240 us dollars in first four hours of the day
10.   Move on the other target, I bought 50 shares of pypl, $63.67
11.   I will get back to trade on SABR stock. It takes a lot of research to work on small capital stock. Do not take risk.
12.   I do believe that hard working is most important. Get up early, and read a lot of books about trading, focus on how to set stop loss, and also learn to evaluate yourself. Do not be shy from stock market.
13.   Give feedback to others, and it helps others and make yourself feel better.