7 Rules of Stock buying and Portfolio Management - Plus Black Friday offers! - 11-24-23 Market Update

7 rules that I have whenever I buy a stock or investment and rules around portfolio management. Plus a special offer if you get Trendspider's Black Friday offer that ends today!

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NOTES

This is amazing to think of in just my investing career. In hindsight these are “of course it’s going to be huge” moments but at the time it always felt risky. Things that didn't exist 20 years ago on Thanksgiving

https://x.com/jonerlichman/status/1727855334935380056?s=46&t=7y4v-tHaIEzjLo4Lw72X7g

$pltr inside sales - they know its worth $20 

Today I learned: 

"Most people know the day after Thanksgiving as Black Friday, but plumbers know it as “Brown Friday ... Brown Friday is the busiest workday of the year for plumbers,"

First weekly MacD cross up in over a year on $QQQ and $SPY

https://x.com/trendspider/status/1727831897860935904?s=46&t=7y4v-tHaIEzjLo4Lw72X7g

10 best stocks for when the 10 year starts falling 

Learn these indicators - RSI - EMA vs SMA - TTM Squeeze - Bollinger Bands

https://x.com/trendspider/status/1727899848136105988?s=46&t=7y4v-tHaIEzjLo4Lw72X7g

Rules I have for trading and portfolio management 

40-40-20 portfolio 

Before entering a trade identify both the top and bottom of what you want 

For what you’re identifying as a long term buy, identify how low you’re okay with it going and whether you will buy more or sell 

Identify the total lot size for long term trades and split that up in to multiple days or maybe weeks to establish the full position 

Don’t ever do a market order or chase an entry 

Always do a weekly, monthly and quarterly review of your portfolio and stocks where you create a plan for the next week, month and quarter. Altering the plan should come along with facts and not “I think it’s going to rise” 

Finally - journal your trades - find a way to do that - I like savvy trader but be aware it’s a new service and they have changed the rules recently 

Just like mint.com is going away - my fire podcast https://open.spotify.com/show/0x0EUF3gWlKxXffLieVzNx?si=FIumiQUrTTqa6K_tR5o4DA

 

BONUS BLACK FRIDAY OFFER

My paid newsletter - if you sign up for Trendspider today - I’ll give you 6 months of my newsletter for free. That’s a $40 value today but that includes access to my setup and other paid newsletters that have strategy tips.

SCANS

$UNH

$PEP

$SOFI

$ADBE

$VFS

$CL

Levered ETF’s - be careful - none look super bullish and it’s a half day today so volumes will be light

$TBT

$TSLS

$SARK

$SPXU

$DRV

$FAZ

$HIBS

$SDS

$SDOW

$SRTY