01/12/2021 Market Recap

[Cobra]

No follow through as usual, but now looks a little more unlikely we'll have a bump phase (sharp up) anymore. I'll give bulls a couple of more days though.

[Cobra]

I had no clue the whole day. The only call of "this bear shall have legs" was wrong, so again it's essential to know whether it's a range day or trend day. For a range day, nothing can be trusted.
viewtopic.php?f=2&t=4402&p=290621#p290621

The progress I made today was I now could pay attention to a lower high reversal pattern. In the past, I was very keen on higher low reversal pattern (up) but often forgot the lower high reversal pattern (down). In the real life trading, it doesn't matter the call is right or wrong, only detect the pattern as early as possible matters if you understand what I mean (risk reward ratio), otherwise just forget what I said.
viewtopic.php?f=2&t=4402&p=290637#p290637

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.