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10/02/2019 Market Recap

PostPosted: Wed Oct 02, 2019 4:36 pm
by Cobra
See comment on the chart, not bottomed yet, just maybe a rebound first tomorrow.

Re: 10/02/2019 Market Recap

PostPosted: Wed Oct 02, 2019 4:40 pm
by Cobra
SUMMARY:

Called downtrend day with later day reversal up early enough, the rest day went as expected so should be easy.

NOTE:

Called downtrend day with later day reversal up here (viewtopic.php?f=2&t=3669&p=272837#p272837).

The forum was quiet today, so I thought I had to say something, therefore a reminder to bulls here no hurry buying (viewtopic.php?f=2&t=3669&p=272844#p272844).

I meant 50% chances the low was in (viewtopic.php?f=2&t=3669&p=272852#p272852). It's hard to call.

No conclusion drawn from the close.
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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.