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01/13/2021 Market Recap

Posted: Wed Jan 13, 2021 5:34 pm
by Cobra
We had small body for 3 days in a row which means the market is waiting for a catalyst to go either up or down. Huge up tomorrow then I'd read it as we're still in the bump phase of the bump and run pattern.

Re: 01/13/2021 Market Recap

Posted: Wed Jan 13, 2021 5:38 pm
by Cobra
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Had chances being an uptrend day but the breakout was too late so didn't go far.
viewtopic.php?f=2&t=4404&p=290654#p290654
viewtopic.php?f=2&t=4404&p=290658#p290658

Glad, again, I paid attention to a possible reversal down pattern. The real trade shouldn't care sure or not sure, only gain to loss ratio matters so as long as I'm keen on the pattern, it'd be fine.
viewtopic.php?f=2&t=4404&p=290661#p290661

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.