Strategy 1/20/2021
How to choose the best momentum stock:
For short term trading (options in Robinhood):
- Overlay candle sticks charts of the stock with TQQQ, TNA and ARKK in the last 3 month
- Only choose the ones with steeper slope than the three of above or will up cross them
- Use ln y-axis
- Best buy point decided by trend lines, closet point above trend line
Use 6 months data for Swing trade and 12 months data for long term trade.
Once the trend line down cross any one of this three, replace the stock with the best one among this three.
Review the stocks pool weekly.
