06/03/2020 Market Recap

[Cobra]

This bull shall have legs. Unbelievable, the next obvious target would be the all time high.

[Cobra]

SUMMARY:

Thought it'd be a downtrend day but it turned out to be an uptrend day. It didn't go as per my expectation but I admitted the uptrend day in time, the rest of the day should then be easy.

NOTE:

Wrong but the short wasn't triggered so no losses - guessed the downtrend day here. My sell stop was below the bar low which fortunately not triggered (viewtopic.php?f=2&t=4043&p=283418#p283418).

Right - called uptrend day here (viewtopic.php?f=2&t=4043&p=283428#p283428).

N/A - reminded the EMA buy setup here (viewtopic.php?f=2&t=4043&p=283436#p283436).

N/A - just a reminder of a possible resistance here (viewtopic.php?f=2&t=4043&p=283447#p283447).

Right - called more up here (viewtopic.php?f=2&t=4043&p=283450#p283450).

A bad close for an uptrend day.

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.

[QED]

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$CPCE = .40
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[JFR]

S&P500. All is quiet 7 hours before the opening.