Back to www.cobrasmarketview.com |
12/27/2018 Market Recap
12/27/2018 Market Recap
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.
Re: 12/27/2018 Market Recap
SUMMARY:
Wasn't sure about the later day rally until the range high was taken at which time I thought it'd be too late to call up so kept quiet. The next time I'd make the comment, no matter whether I think it's too late or not.
NOTE:
Called range high right (viewtopic.php?f=2&t=3232&p=263441#p263441).
The range low breakdown looked really bad. The call for more down was right (viewtopic.php?f=2&t=3232&p=263449#p263449). Just it shouldn't make any money. It is easy to call but trading is a totally different thing.
Back to test range high so typical range day behavior so far (viewtopic.php?f=2&t=3232&p=263453#p263453).
It's my fault. As soon as the range high was taken, I should call this bull shall have legs, at least say something, but I didn't know what's wrong with me, I simply didn't say anything until here which really was late (viewtopic.php?f=2&t=3232&p=263457#p263457).
In the end, a very strong close. Close near the high of the day usually means higher high tomorrow.
DISCLAIMER:
The trading log above is meant for myself only which main purpose is to help improving my market sense.
Wasn't sure about the later day rally until the range high was taken at which time I thought it'd be too late to call up so kept quiet. The next time I'd make the comment, no matter whether I think it's too late or not.
NOTE:
Called range high right (viewtopic.php?f=2&t=3232&p=263441#p263441).
The range low breakdown looked really bad. The call for more down was right (viewtopic.php?f=2&t=3232&p=263449#p263449). Just it shouldn't make any money. It is easy to call but trading is a totally different thing.
Back to test range high so typical range day behavior so far (viewtopic.php?f=2&t=3232&p=263453#p263453).
It's my fault. As soon as the range high was taken, I should call this bull shall have legs, at least say something, but I didn't know what's wrong with me, I simply didn't say anything until here which really was late (viewtopic.php?f=2&t=3232&p=263457#p263457).
In the end, a very strong close. Close near the high of the day usually means higher high tomorrow.
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.