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04/01/2020 Market Recap
04/01/2020 Market Recap
Still cannot say bulls are over yet. From now on until decisively breaks either the Mar 23 low or Mar 31 high, it’d be very hard to call.
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Re: 04/01/2020 Market Recap
SUMMARY:
Forgot that a rebound from a sharp selling can appear strong enough to make people think the low was in but unfortunately chances are it'd fail eventually.
NOTE:
N/A - reminded the possible pivot point here (viewtopic.php?f=2&t=3946&p=280750#p280750).
N/A - reminded a possible support (viewtopic.php?f=2&t=3946&p=280759#p280759).
Right - called more down here (viewtopic.php?f=2&t=3946&p=280765#p280765).
Right but later I changed the idea because the rebound appeared very strong forgot that in a downtrend the rebound always appears very strong - called the rebound would be sold here (viewtopic.php?f=2&t=3946&p=280771#p280771).
Wrong - the rebound appeared strong so thought it may test the day high (viewtopic.php?f=2&t=3946&p=280774#p280774).
Right - reminded a possible support was near and the since the close was near so shouldn't trust the break down (viewtopic.php?f=2&t=3946&p=280778#p280778).
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.
Forgot that a rebound from a sharp selling can appear strong enough to make people think the low was in but unfortunately chances are it'd fail eventually.
NOTE:
N/A - reminded the possible pivot point here (viewtopic.php?f=2&t=3946&p=280750#p280750).
N/A - reminded a possible support (viewtopic.php?f=2&t=3946&p=280759#p280759).
Right - called more down here (viewtopic.php?f=2&t=3946&p=280765#p280765).
Right but later I changed the idea because the rebound appeared very strong forgot that in a downtrend the rebound always appears very strong - called the rebound would be sold here (viewtopic.php?f=2&t=3946&p=280771#p280771).
Wrong - the rebound appeared strong so thought it may test the day high (viewtopic.php?f=2&t=3946&p=280774#p280774).
Right - reminded a possible support was near and the since the close was near so shouldn't trust the break down (viewtopic.php?f=2&t=3946&p=280778#p280778).
No conclusion drawn from the close.
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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Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Re: 04/01/2020 Market Recap
SP.1 Jun Fut BUYING > 2,424.75 edit
5 M unemployment claims ? (Make that 6.6 M actual)
240,000 US Corona Deaths ?
18 months to recover ?
BULLYA
5 M unemployment claims ? (Make that 6.6 M actual)
240,000 US Corona Deaths ?
18 months to recover ?
BULLYA
Last edited by Heck on Thu Apr 02, 2020 9:32 am, edited 3 times in total.
Re: 04/01/2020 Market Recap
NOC Target - 36 %
From 309.99 to 200.04
- 2.6 % Dividend
157 % Debt/Equity
From 309.99 to 200.04
- 2.6 % Dividend
157 % Debt/Equity