02/03/2020 Market Recap

[Cobra]

I don't see direction from the chart today but if we're still in the past, tomorrow should be up so probably it's the bear's last chance tomorrow. Let's see. Don't be fooled by the seemingly weak rebound today, I've seen millions of times that the rebound started weak but got stronger and stronger day by day as more and more people were convinced (therefore jump on wagon).

[Cobra]

SUMMARY:

Range day, after the morning excitement it stayed virtually horizontally the most of the day so I did nothing. I mean I'm playing a game called "Abandon Ship" and now trying to save enough gold to buy a Man-of-war ship. Oh, I just killed a Kraken, seemed pretty easy...

NOTE:

N/A - explained what I need see in order to call an uptrend day here (viewtopic.php?f=2&t=3855&p=277385#p277385).

Right - called range day here but the pullback should be bought (viewtopic.php?f=2&t=3855&p=277390#p277390). The bought was much weaker and later than I thought.

No conclusion drawn from the close.

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.