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LOL! I had the phone call / panic blunder in early September but the amount I lost would have definitely killed him a few times over! Took me a while to work through that one mentally.

Thanks for sharing but that's a pretty small loss to get worked up about. Give yourself some self-compassion. You're human, not perfect.

For sure, that is the alignment issue. I am lucky to have found a few folks who are interested in trading similar markets and not just scalping off 1-minute charts.

Make sure you read up on the rollover rules too.

That's awesome. So many people say they want to be part of a trading room but the alignment and commitment are the issue. If you get those 2 things, they can be of great value.

That's the big issue -- getting alignment. I use EchoFin, which is an enhanced version of discord for financial teams. I had a bunch of people interested but we ended up with only 4 active members. In addition to using the chatroom features, we do a zoom morning call at 8:30 and then an...

I see a lot of comments about the platform but the most important thing is getting the right kind of people in the room who are aligned on the purpose and can contribute for the benefit of the group. Unless you have that, the platform isn't going to matter.

One additional idea is to buy the stock GBTC. Sure, there are a bunch of folks who will argue that there is too much of a premium but if you're just looking for some bitcoin upside, it's an easy way to play it - especially in retirement accounts, etc.

Here's the thing. He may be right on his theories in the long-term BUT all I know is that the momentum got jacked on this thing in the early fall and that wasn't something I was willing to ignore.

That's what James Cordier thought.

So what are your conclusions?

Strangely? We're in a bull market.

You're looking for certainty. Investing / trading is about probabilities, not certainty. You might be able to test some other indicators that give you a better edge but you're not going to get certainty. Part of the process for you may also be learning to manage the risk of the patterns that...

C'mon, man!

Good day for Ken & Friends!

I don't know him although I used to be pretty involved with the CMT Association. But I totally get where you're coming from. That being said, Edwards & Magee showed me how to think about the market from a technical perspective but it's not going to give you much, if any, of an edge -- maybe...

Can I ask who was the CMT?

Yes! Great point. For me, personally, I pretty much dismiss conventional TA and those who use it as not being very useful but it did help me understand different ways to interpret the markets but then I customized it, not in an academic pursuit, but in a manner to give me a better way to read...

Thanks for your response. I would just say that a skilled individual can use the tools of TA to determine an edge as to the market moving in a certain direction.

Seems like we have these threads every few months. Like @oraclewizard77 said, TA is a set of tools -- and that set is pretty broad. Applying them in any type of useful manner is more art than science (and difficult to do) and my performance results (good or bad) are the result of how well I...