How Jesse Livermore Lost $1,000,000 on one Trade

Every day I am on the trend mill for close to a hour. I always want to maximize my time. I do not watch tv, I read.

Today I was reading Jesse Livermore’s Classic – How to trade in Stocks. Nothing really ever changes in the markets. It is all emotions. Fear…Greed..Frustration etc..More so there […]

Jesse Livermore Trading Rules – Trend Following

1.) Nothing new ever occurs in the business of speculating or investing in securities and commodities.

2.) Money cannot consistently be made trading every day or every week during the year.

3.) Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion.

4.) Markets are never […]

Over trading When Trend Following

Over trading is one of the most difficult issues to overcome even for experienced trend followers. It is easy to be tempted to start trading prematurely. The fact is that most traders would rather remain active than on the sidelines. But it is often best just to sit and do nothing if the market is […]

There are far more ways a person can lose money than are imaginable when trading

Let me count the ways…This is a phrase of Jesse Livermore. Never think that trading or trend following is easy!

Losers Average Losers- Not for Trend Followers

This statement Losers Average Losers Is not for successful Trend Followers.

This is a famous note on the computer of Paul Tudor Jones.

He is not alone,Jesse Livermore warned 100 years ago against averaging losses.

You can not avoid losses. The only thing you “Try” to do is to mitigate them. You have […]