02/20/2019 Market Recap

[Cobra]

The blue line above should be the magnet.

[Cobra]

SUMMARY:

Typical range day (as it had several ups and downs). Called one range low right, combining with the range day call, should be easy to make money. Trading range day is all about trading reversals I think and since the trend is up, I'd only bet on the long side.

NOTE:

Called range day here (viewtopic.php?f=2&t=3315&p=265502#p265502).

Was confident the range low was in here (viewtopic.php?f=2&t=3315&p=265516#p265516).

Just a reminder here (viewtopic.php?f=2&t=3315&p=265517#p265517). Meaningless to call during this period.

Called more up here (viewtopic.php?f=2&t=3315&p=265521#p265521). It didn't have enough time to realize though.

No conclusion draw from the close. It's a not bad close for bulls.

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.