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01/17/2020 Market Recap

01/17/2020 Market Recap

Postby Cobra » Fri Jan 17, 2020 5:15 pm

Doji plus volume surge so maybe a day or two pullback here but the bottom line is the trend is up, a day or two pullback is far from enough to change the tide.
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Re: 01/17/2020 Market Recap

Postby Cobra » Fri Jan 17, 2020 5:21 pm

SUMMARY:

Kept calling more up but it's only fulfilled a few minutes before the close.

NOTE:

Wrong - called more up here but didn't expect up much (viewtopic.php?f=2&t=3832&p=276670#p276670).

Right - called range day here which implied that I didn't expect bears to go far (viewtopic.php?f=2&t=3832&p=276674#p276674).

N/A - just a reminder to watch the resistance here (viewtopic.php?f=2&t=3832&p=276680#p276680).

Right but it took much longer than I expected to fulfill - called more up here (viewtopic.php?f=2&t=3832&p=276687#p276687).

Right but it took much longer than I expected to fulfill - reiterated more up here (viewtopic.php?f=2&t=3832&p=276693#p276693).

No conclusion drawn from the close.
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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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