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08/22/2019 Market Recap

08/22/2019 Market Recap

Postby Cobra » Thu Aug 22, 2019 4:11 pm

Bearish reversal bar (open high, new high but close in red) so maybe a pullback here first then we'll see.
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Re: 08/22/2019 Market Recap

Postby Cobra » Thu Aug 22, 2019 4:16 pm

SUMMARY:

Didn't foresee it's a V reversal day but gladly I didn't blah blah.

NOTE:

Called this bear shall have legs here (viewtopic.php?f=2&t=3607&p=271677#p271677), which actually was wrong. The rebound once started, went all the way near the close. It's a rare V reversal day.

A reminder of "please don't be too bearish" here (viewtopic.php?f=2&t=3607&p=271696#p271696).

Weak close, so might be gap down tomorrow morning.
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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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