mardi 14 avril 2015
Jesse Livermore’s 10 Key Principles
Posted on 23:53 by nice news
#1 Livermore’s wealth was built primarily from big position trades that lasted for weeks or longer. He made his big money holding a trend not scalping or day trading. Which was very difficult in those days with commission costs and speed of execution.
“Money is made by sitting, not trading.”
#2 Livermore pioneered the idea of having big wins and small losses. He held large short positions through both the 1907 and 1929 stock market crashes and let the winners run.
“It was never my thinking that made the big money for me, it was always my sitting.”
#3 The quality of his trade entries is something he did based on price movement. He traded price action not fundamental valuations.
“Buy right, sit tight.”
#4 He liked to see follow through confirmation before he made an entry.
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.”
#5 He focused on a small watch list to be an exp
“Money is made by sitting, not trading.”
#2 Livermore pioneered the idea of having big wins and small losses. He held large short positions through both the 1907 and 1929 stock market crashes and let the winners run.
“It was never my thinking that made the big money for me, it was always my sitting.”
#3 The quality of his trade entries is something he did based on price movement. He traded price action not fundamental valuations.
“Buy right, sit tight.”
#4 He liked to see follow through confirmation before he made an entry.
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.”
#5 He focused on a small watch list to be an exp
Jesse Livermore’s 10 Key Principles
Categories: Jesse Livermore’s 10 Key Principles
Inscription à :
Publier les commentaires (Atom)
0 commentaires:
Enregistrer un commentaire