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My Investment Plan in May 2024 - Dollar Cost Averaging using Stock RSP

I will not present my P/L order. You can click the link below to view my April P/L:
My April  P/L Review
My strategy in this month is to take a long position on a value stock like Alphabet-C (Google). There are 2 reasons for doing so:
1. Fed rate has paused and rate cut or quantitative easing is imminent if there is sign of US economy slowing down. This will imply stock is in the uptrending by EOY.
2. Analyst rating consensus of the stock is strong buy. Positive outlook for the company to meet expectations. This is a sign that the stock is going uptrending after earnings call.
My Investment Plan in May 2024 - Dollar Cost Averaging using Stock RSP
There are 4 Moomoo features that I used to in my trading.
1. Analyst rating and News
Check the probability of a rally after the earnings call.
My Investment Plan in May 2024 - Dollar Cost Averaging using Stock RSP
2. TA indicators (15 types) interpretation
Verify the market sentiment towards the stock and the share price movement trend in the short term.
My Investment Plan in May 2024 - Dollar Cost Averaging using Stock RSP
3. Order type
I choose Stop loss order for any black swan event if the share price fell and loss exceeding my risk level.
My Investment Plan in May 2024 - Dollar Cost Averaging using Stock RSP
4. RSP (Regular Saving Plan) for stock
I use this feature to dollar cost averaging (DCA) my investment for this stock. I choose DCA to eliminate any emotional trading - panic sell (fear) and FOMO buy (greed). The RSP calculator showed that if I were to invest weekly 200 USD for the past 4 months (January to April), my P/L is +14.4% reached my target of 10%.
My Investment Plan in May 2024 - Dollar Cost Averaging using Stock RSP
Bottom line: The above is not financial advice and for education purposes only. The strategy worked because the stock surged more than 10% after the Q1 earnings. But past performances may not guarantee future results. I may buy covered put/call to protect my lower and upper limit - use strangle options strategy.
My Investment Plan in May 2024 - Dollar Cost Averaging using Stock RSP
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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