12/18/2018 Market Recap

[Cobra]

[Cobra]

SUMMARY:

Range day, difficult to trade: For once I thought it'd make a breakout only found out later it might be the end of the world and then it looked like the low was in and then sharp down before the close and in AH, now I don't think I can think.

NOTE:

I knew at the very beginning it'd be a range day but I was only sure here (viewtopic.php?f=2&t=3218&p=263081#p263081). No, it's not that easy.

By here, I thought a breakout was more likely (viewtopic.php?f=2&t=3218&p=263091#p263091).

No, it's just a range day (viewtopic.php?f=2&t=3218&p=263097#p263097).

By here (viewtopic.php?f=2&t=3218&p=263099#p263099) and here (viewtopic.php?f=2&t=3218&p=263100#p263100), I thought it's the end of the world.

SPY made a sharp rebound at the yesterday's low, for once I thought the low was in, but then it fell sharply in the last 5 minutes and AH, plus the daily chart doesn't look like the low was in, so more down ahead?

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.