08/13/2019 Market Recap
Posted: Tue Aug 13, 2019 4:10 pm
I'm neutral here, bulls need a strong follow through tomorrow to change my view.
After a sudden surge the market fell into a sleep so I kept quiet the rest of the day.
NOTE:
A sudden price surge here (viewtopic.php?f=2&t=3592&p=271391#p271391).
Called this bull shall have legs but not sure whether the day was an uptrend day or not, which turned out right to be cautious (viewtopic.php?f=2&t=3592&p=271399#p271399).
The market fell into a sleep the rest of the day so no comments. The pullback indeed was bought so it wasn't wrong calling "this bull shall have legs". I didn't call uptrend day, did I? So all were right.
No conclusion drawn from the close.
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.