12/23/2019 Market Recap

[Cobra]

Black bar again so a pullback should be due soon. However, only half day trading tomorrow, generally should be up, at least I don't expect big moves either up or down. Officially the Santa Rally starts from tomorrow until the very first 2 trading days of the new year, by the way.

[Cobra]

SUMMARY:

Range day, didn't expect big moves so didn't trade. In order to let everyone know I was awake, I made one and only call in the afternoon which unfortunately was wrong. I was a little too optimistic.

NOTE:

Right - called more up but it's a range day here (viewtopic.php?f=2&t=3795&p=275921#p275921).

Wrong - called double bottom here. I had no intention to trade, the call mainly was to let everyone know that I was awake (viewtopic.php?f=2&t=3795&p=275926#p275926).

Didn't see the pullback would violate the double bottom low. Weak close (as of recently) but not enough to draw conclusion.

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.