10/25/2019 Market Recap

[Cobra]

Not a valid breakout yet, need push up more and likely will push up more. Maybe we'll see a pullback Monday because usually the very first breakout is false but I believe eventually we'll have a real breakout.

[Cobra]

SUMMARY:

Called uptrend day early enough and warned the end of the uptrend early enough so should be an easy day.

NOTE:

Explained how I'd judge uptrend day or range day here (viewtopic.php?f=2&t=3706&p=273707#p273707). It had a decisive breakout soon with a good looking bull bar so should be easy to know it was an uptrend day.

A subtle way of saying "told you so" here (viewtopic.php?f=2&t=3706&p=273709#p273709).

Warned the end of the uptrend here (viewtopic.php?f=2&t=3706&p=273713#p273713). The pullback was bought with lower high, should be an enough sign to exit.

A subtle way of saying "told you so" here (viewtopic.php?f=2&t=3706&p=273719#p273719).

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.

• 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.