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03/13/2020 Market Recap
03/13/2020 Market Recap
Follow through wanted.
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Re: 03/13/2020 Market Recap
SUMMARY:
The market intention wasn't clear until the last 20 minutes. I bet almost everyone who has enough trading experiences knew it'd be up huge before the close because bears are too fat and the center banks are now willing to do anything beyond imaginations, so most bears would choose to cover before the close.
NOTE:
Right - called a range day here (viewtopic.php?f=2&t=3917&p=279642#p279642).
Wrong but the way to measure whether bulls would have chances worked later - called more down here, I actually expected a new low so that it could cause the further capitulation before the reversal up (viewtopic.php?f=2&t=3917&p=279658#p279658).
Right - called the range low was in here which turned out to be an excellent call although in reality I (knew but) wasn't sure the market would be up huge from here (viewtopic.php?f=2&t=3917&p=279662#p279662).
N/A - as explained earlier, I actually expected a huge up from here, I have witness (viewtopic.php?f=2&t=3917&p=279673#p279673).
No conclusion drawn from the close as the 5 min chart stockcharts provided isn't right, just looked at the last bar close then compare to the close price above, you'll know.
DISCLAIMER:
The trading log above is meant for myself only which main purpose is to help improving my market sense.
The market intention wasn't clear until the last 20 minutes. I bet almost everyone who has enough trading experiences knew it'd be up huge before the close because bears are too fat and the center banks are now willing to do anything beyond imaginations, so most bears would choose to cover before the close.
NOTE:
Right - called a range day here (viewtopic.php?f=2&t=3917&p=279642#p279642).
Wrong but the way to measure whether bulls would have chances worked later - called more down here, I actually expected a new low so that it could cause the further capitulation before the reversal up (viewtopic.php?f=2&t=3917&p=279658#p279658).
Right - called the range low was in here which turned out to be an excellent call although in reality I (knew but) wasn't sure the market would be up huge from here (viewtopic.php?f=2&t=3917&p=279662#p279662).
N/A - as explained earlier, I actually expected a huge up from here, I have witness (viewtopic.php?f=2&t=3917&p=279673#p279673).
No conclusion drawn from the close as the 5 min chart stockcharts provided isn't right, just looked at the last bar close then compare to the close price above, you'll know.
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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