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10/14/2020 Market Recap
10/14/2020 Market Recap
Down 2 days in a row but not much to the chart doesn't look bearish yet.
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Re: 10/14/2020 Market Recap
SUMMARY:
Was confident it's a double bottom but it turned out to be a triple bottom.
NOTE:
Wrong - thought it'd be a range day here (viewtopic.php?f=2&t=4256&p=288297#p288297).
N/A - just a comment (viewtopic.php?f=2&t=4256&p=288309#p288309).
Right - basically it's this bear shall have legs here (viewtopic.php?f=2&t=4256&p=288313#p288313).
N/A - reminded a short setup here (viewtopic.php?f=2&t=4256&p=288318#p288318).
N/A but it's a good reminder - reminded to watch for double bottom here (viewtopic.php?f=2&t=4256&p=288321#p288321).
N/A - reminded a possible double bottom here again, good explanation of the differences between forecast and the actual trade (viewtopic.php?f=2&t=4256&p=288323#p288323).
Right but I actually didn't expect another leg down thereafter - called the low was in here (viewtopic.php?f=2&t=4256&p=288326#p288326).
N/A - basically said it could be a triple bottom here (viewtopic.php?f=2&t=4256&p=288330#p288330).
The close.
DISCLAIMER:
The trading log above is meant for myself only which main purpose is to help improving my market sense.
Was confident it's a double bottom but it turned out to be a triple bottom.
NOTE:
Wrong - thought it'd be a range day here (viewtopic.php?f=2&t=4256&p=288297#p288297).
N/A - just a comment (viewtopic.php?f=2&t=4256&p=288309#p288309).
Right - basically it's this bear shall have legs here (viewtopic.php?f=2&t=4256&p=288313#p288313).
N/A - reminded a short setup here (viewtopic.php?f=2&t=4256&p=288318#p288318).
N/A but it's a good reminder - reminded to watch for double bottom here (viewtopic.php?f=2&t=4256&p=288321#p288321).
N/A - reminded a possible double bottom here again, good explanation of the differences between forecast and the actual trade (viewtopic.php?f=2&t=4256&p=288323#p288323).
Right but I actually didn't expect another leg down thereafter - called the low was in here (viewtopic.php?f=2&t=4256&p=288326#p288326).
N/A - basically said it could be a triple bottom here (viewtopic.php?f=2&t=4256&p=288330#p288330).
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.
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Re: 10/14/2020 Market Recap
SPY daily. Another step down on the pullback. Bears and bulls fighting hard.
Charts posted are not recommendations. They are just a sharing of information.