Jesse livermore | Trading/Investing
By Dhritiman Das , Sep/05/2021
Jesse Livermore was a very famous American trader in early 1900.
Best Collection of Learning from Jesse livermore | available in internet and social media.
- Always buy a rising stock | My learning taking support in 5-9-20 SMA is good buy. and sell a falling stock. | My lerning -In weekly charts below 20SMA-SELL.
- Dont try to trade every day | My learning- Wait for best set up.
- Only enter s trade after the price chart confirms with your indicators. | My learning (SMA, HM and RS) in your set up-daily-weekly-monthly charts.
- Continue with trade that shows profit, My learning Move out of trade which starts to show loss.
- End trade, when the trend starts to show change.(buy trade below 20SMA-30SMA as per stocks character in weekly/monthly chart). Learn-(Stage1-2-3-4-consolidation-upmove-peak-downmove.
- In any sector-trade the strongest stock-showing the best price-trend patter.
- NEVER AVERAGE LOSSES-losing position
- Markets are never wrong-Peoples opinions are.
- Markets don't know- you have a position-so take care of it yourself.
- Best profits are made in trade that starts showing profit-right from the start-As NK sir says- lete hi bhag jayega- ya very small stop loss hoga for intraday/positional.
- As long as the stock /index position is in profit and market is in your direction, don't be in a hurry to take/book profit.
- Never just Buy a stock, because it has fallen big from its previous high, let the Price, MA, HM, RS shows you to buy.
- Dont become a involuntary investor, by holding into stocks whose price has fallen.
- Wishfill thinking has no place in market, just follow your PROCESS or stay out.
- For trading- It is much easier to watch a few positions than many.
- TRADING PATTERNS repeat, BECAUSE HUMAN NATURE HAS NOT CHANGED FOR THOUSANDS OF YEARS.
To be continued...
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