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04/06/2021 Market Recap

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Cobra
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04/06/2021 Market Recap

Post by Cobra »

Doji means the market takes a pause, so let's see tomorrow.

Big up tomorrow is very normal in the past, so big up means the bull we used to be is still here.
Down tomorrow then the current rally is not as strong as the past. It doesn't mean bearish, just we better be careful.
spy.png

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User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/06/2021 Market Recap

Post by Cobra »

1.png
Had no clue what the market was doing whole day so made just one comment and it's wrong.
viewtopic.php?f=2&t=4536&p=293430#p293430

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.

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