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08/02/2018 Market Recap

08/02/2018 Market Recap

Postby Cobra » Thu Aug 02, 2018 4:27 pm

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Re: 08/02/2018 Market Recap

Postby Cobra » Thu Aug 02, 2018 4:35 pm

SUMMARY:

Expected a down day today so couldn't believe it's an uptrend day until after 12 pm and I was then too afraid to long so missed the whole day.


NOTE:

Looked like an uptrend day here (viewtopic.php?f=2&t=3001&p=257692#p257692). I was just too biased to believe so.

Finally admitted it indeed was an uptrend day here (viewtopic.php?f=2&t=3001&p=257707#p257707). However I had no guts to long anymore because it's been up a lot by now.

Reminded a typical buy dip setup here (viewtopic.php?f=2&t=3001&p=257717#p257717).

The close wasn't bad.
1.png


DISCLAIMER:

The trading log above is meant for myself only which main purpose is to help improving my market sense.

    My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the prediction is wrong, I'd be embarrassed, which of course I'd like to avoid as much as possible.
    Day trading is not my strongest point. Just for the same pattern, it can repeat frequently on the 5 min chart while on daily chart it may take months to appear once and another month to know whether the idea of trading such a pattern is right or wrong THIS time, so practicing on the 5 min chart is a fastest way to learn to trade.
    Day trading inevitably would have good days and bad days, it's a part of the game. If I always have good days, it means I'm either lying or already the richest person in the world (then why I'm still trading?), so please don't blame me for making any bad calls. The log is for myself only, not meant to be followed.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
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Re: 08/02/2018 Market Recap

Postby QED » Thu Aug 02, 2018 11:23 pm

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