02/18/2020 Market Recap
Posted: Tue Feb 18, 2020 5:39 pm
Another doji so I'm still a little little bear biased toward tomorrow: Another down day?
Lucky day, wasn't prepared that the Windows needed almost whole day to update so missed the morning sharp down leg then V reversal up as I was left with nothing to watch but a blue updating screen, otherwise I'd call a downtrend day and on the sharp reversal up, insisting the rebound would be sold.
NOTE:
Right but it's a bad call - I was hurry to call range day here which was wrong, too early to know as the rebound hadn't touched the the EMA20 yet. This would never happen again (viewtopic.php?f=2&t=3878&p=278051#p278051).
Then I agreed to restart the computer thinking it wouldn't take long so missed the sharp down then sharp reversal. I would have called downtrend day on the sharp down then called the rebound would be sold. So luckily I avoided those 2 bad calls (viewtopic.php?f=2&t=3878&p=278066#p278066).
Right - called measure move here (viewtopic.php?f=2&t=3878&p=278076#p278076). The question mark was mainly due to the network on my backup computer was slow (on hot spot via my cell phone) so couldn't wait for the confirmation, had to post in advance otherwise there're chances I could've posted too late. Say, if the measure move up became obvious then I came in calling measured move up, I'd be very embarassed.
No conclusion drawn from the close.
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.