Through these experiences, we learn not to seek small gains and not to fear small losses.
The process of learning stock investment is similar.
We must overcome the weaknesses of human nature, such as greed, and accumulate acquired experiences, such as not being greedy.
--- p.40

Since there are only two types of stock price movements, up and down, the probability of success for every trade should theoretically be 50%.
However, most individual investors tend to be obsessed with small profits and avoid small losses, so even if they succeed, their profits are very small and if they fail, their losses are very large.
So the final win rate is well below 50%.
--- p.53

Technical analysis is already recognized as a systematic method of analysis on Wall Street, and there are many books that cover the subject in detail, each 500 to 600 pages long.
However, from my own experience, I found that many of the things these books talked about were meaningless issues and analyses for the sake of analysis that were far removed from reality.
Here, I will only introduce the key points that I have found useful through my actual investment experience.
Although I have added the simplest explanation possible to the simplified graph, it will serve as an important basis for determining whether the stock price movement is normal.
I actually track the stock price movements every day like this.
--- p.77

Reading is a process of going from thin to thick, and then from thick to thin again.
(…) The chart corresponds to the last thinness in the entire learning process that goes from thin to thick and back to thin again.
It's tempting to skip the middle thickness and go straight from the first thin to the last, but that's not possible.
(…) This thickness step cannot be ignored or skipped.
--- p.111

If everyone you see is saying they made money in stocks, the overall market's upward trend has likely already peaked.
Since many people have already invested in stocks, the driving force for further price increases has been exhausted.
Conversely, if the stock price continues to fall and panic selling continues, it can be said that the stock price has almost hit rock bottom.
--- p.116

It's not difficult to make a profit once or twice in the stock market.
Sometimes you get lucky.
But luck can never last.
--- p.133

The stock market is never wrong.
The market always goes its way, and it's always people who are wrong.
--- p.155

Don't underestimate the big guys.
(...) They know very well how your psychology changes as stock prices rise and fall.
You become greedy when you go up and fearful when you go down.
They will keep you awake unless you cut your losses and make you restless unless you buy.
--- p.212

I hope you never sell just because the stock price has gone up a lot.
No one knows the ceiling of the stock price.
Never sell when the stock price is in a normal upward trend.
Let me emphasize this again.
Short on losses, long on gains!
--- p.233

Once you reach this stage, you can maintain a cool head no matter whether you lose or win money.
I don't find it painful because I know that cutting my losses is also part of the game.
Even if I make a profit, I don't get excited because I know that this is also an inevitable result.
Also, rather than being obsessed with winning or losing, you will focus on taking the right action at the right time.
Because if you do this, you know that the profits will follow naturally.
--- p.339

I wish I could explain in more detail how to find the critical point and how to trade near it, but this is an art form and cannot be fully explained in words.
(…) There is no shortcut to finding the critical point, and countless trials and errors are the only way.
--- p.353

To put it bluntly, buying a stock based solely on fundamentals is like hiring an employee without checking what others have to say about that person.
Of course, you might end up hiring a good person, but the odds are slim.
Buying stocks based solely on charts is like hiring employees based solely on their reputation.

--- p.387, from "Release"