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Thank you for your wise words. It is certainly food for thought.

In your view, is there any benefit to reading books, and, if so, in what way and to what extent?

I look at charts from time to time, too. After experiencing considerable difficulties in the market, I decided that I needed to find out how other people look at charts. That being said, when you say look at charts, do you mean live charts only, or do you look at historical charts as well? Do...

But surely you must believe in chart patterns in some form or another? Otherwise, how would you decide to get into a trade or not?

This is going to be a confused and rambling post. As I have mentioned in other posts, I am currently reading Reading Price Charts Bar by Bar. When I first started reading this book, it was hard to read for more than 15 minutes at a time. At that time, it was very difficult to understand what...

With even one of Livermore’s big wins, many traders can retire for life. I believe that part of the problem came from position sizing. If he traded like most traders today using the 2% risk-management rule, he would never have gone broke. He would not have won the amounts he won either, however.

Based on Reminiscences of a Stock Operator, Jesse Livermore was not very much involved in market manipulation. If Jesse Livermore is to be believed, then what the public perceives as "market manipulation" is often no more than a natural consequence of large operators having to buy or sell in...

It is possible to use the terms "bull market" and "bear market" without belief in technical analysis. For instance, (1) One may refer to a "bull market" as having taken place during the past three months in reference to the fact that most stocks have gone up. This usage of "bull market" does...

Thank you for your advice and book recommendation. For the time being, I have decided to continue working through Al Brooks's book. I am about half-way done now. I found that it became easier to understand his book after getting through the first three chapters. At this point, I can usually...

Thank you for your advice.

I see what you are saying. I also have two concerns about day-trading cryptos: (a) The spread and commission for most cryptos are not as good as for big-name stocks; and (b) There is no way to short most cryptos. I fear that this may affect my judgment, as I may end up focusing on the bull...

Further to what I said earlier, I would note that: 1. On the one hand, at the bottom of each valley, there was great volume, which would suggest that many people were buying in, because they believed that 80 USD was cheap for this stock. 2. On the other hand, the lows are getting progressively...

Due to a lack of time to sit down and focus, I am still struggling with Al Brooks's materials (not past Chapter 3 yet), and so I may be misunderstanding him. What you say would be the usual logic - e.g. wait for a confirmation. However, (a) In one of Rayner Teo's videos, he suggested the...

Yes. Based on my recent experiences, I am likely to buy in at the three high points and lose a bit of money each time. I would be particularly persuaded by the huge volume at the beginning of November that, despite the ultra-high volume, the bears were unable to keep the price down for long, and...

As is widely known, false breakouts are an unavoidable part of most breakout strategies. As an example, let's say we have determined that there is resistance at 100 USD. Price breaks out of 100 USD. It reaches 105 USD. We become excited and buy in. Price then climbs to 110 USD before abruptly...

As captioned. If Paxos Standard is created by Paxos, and Binance USD is created by Paxos and Binance in partnership, then why are there two different coins instead of just one coin? What are the differences? Is Paxos Standard safer than Binance USD, and, if so, by how much? The follow-up...

Would you agree that swing trading is riskier than day trading, since you are not able to close a position until you check up on it a few days later? What are the biggest challenges in terms of applying skills learnt in day trading to swing trading, and vice versa?

Why did you give up swing trading two decades ago?

I suppose this is true. There are times, when I am glad I did not trade, because supposed "opportunities" turned out to be anything but.

Maybe Binance USD is the answer? I read that Binance USD resulted from a joint partnership between Binance and Paxos. Paxos is supposedly quite trustworthy, right? What are your thoughts on the trustworthiness of Binance USD vs. Tether and Circle?