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! Best thing about this Black Friday sale - There's a monthly payment offer along with a yearly offer  TRENDSPIDER BLACK FRIDAY SALE - up to 82% off (limited time) Sign up at link ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://trendspider.com?_go=gary93⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Email me at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ I’ll send you the welcome letter that includes all the algorithms, watchlists and scanners that you see me use each and every day. Get $50 off a year of Seeking Alpha.  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.sahg6dtr.com/2L9M597/R74QP/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TESLA referral -Use my referral link to buy a Tesla and get up to $500 off and 3 months of Full Self-Driving Capability.  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tesla.com/referral/gary82526⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Social Links and more - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://linktr.ee/dailystockpick ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FREE NEWSLETTER WITH CHARTS - subscribe at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠dailystockpick.substack.com ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ SPONSORED BY VISIBLE - Check out this page: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.visible.com/get/?3P8FJPM⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  $20 off your first month - only $5 for the first month Sign up for Webull and get free stocks like I did - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠https://a.webull.com/gzxte9iTQnfaDYFDjM⁠⁠⁠⁠⁠⁠ Get AT&T Fiber at your home - I have 1GB service ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.att.com/referral/code/?ref=TVY-3964⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 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