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03/08/2019 Market Recap

03/08/2019 Market Recap

Postby Cobra » Fri Mar 08, 2019 5:39 pm

See comment on the chart.
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Re: 03/08/2019 Market Recap

Postby Cobra » Fri Mar 08, 2019 5:46 pm

SUMMARY:

Called range low right twice. Was at meeting so didn't call the pullback would be bought, it was very obvious though.

NOTE:

Called range day and range low here (viewtopic.php?f=2&t=3341&p=265974#p265974).

Called rebound around range low here (viewtopic.php?f=2&t=3341&p=265989#p265989).

Was then in the meeting from 2:30 pm to 3:40 pm, missed the strong up which obviously meant the pullback would be bought, the low of the day was in.

The close was strong so might be a gap up the next Monday.
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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.

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