No to GLO

I am still reviewing my notes from Impact.  Today’s lesson is stock picking.  In one of the chat support groups, I found an excel file of Market Capitalization.  I will use that for filtering my stocks.  Using my Investa Screener+ I searched for fast moving uptrend stocks.  During that period I was adding stuff to my trading rules. 

Since I was rooting for a trend following setup, I focused on searching for uptrend stocks.  It was a slow process as this was my first time to sit down and actually pick a stock.  First on the line was ARA and it looked like this:

“yaaaaak” – Kapitan Kidlat said.  Yes, this did look like a yuck stock.  Candles looked volatile and there are too many gaps.  On to the next stock.

We go to GLO.  This looked promising I was even able to plot some signature Kapitan Kidlat indicators.  The Fibo retracement moves.  I am tempted to make a trade on this.  Hmmmmm

But no to GLO.  This one’s a first-liner stock.  Trading rule:  Only trade third-liners.