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 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... 


 Its all in the mind, 
if you want to WIN, you WIN, if you are afraid-will loose you loose.


  

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