Jesse Livermore 25 Trading Lessons

Jesse Livermore was born in 1877 and he is probably considered one of the most famous trader in history. He started trading at the age of 14 from bucket shops (an unauthorized office for speculating in stocks or currency using the funds of unwitting investors). His tape reading skill was so good that these bucket shops eventually didn’t want to do business with him. Jesse Livermore led a life of brilliance and excess, surrounded by … Continue reading

The Wisdom of Jesse Livermore

Jesse Livermore led a life of brilliance and excess, surrounded by mistresses, scandals, money, and bankruptcy. He was a legendary trader who played big and made millions during the crash of 1929. But by 1934, Livermore would have depleted the $100 million fortune he earned on the stock market just five years earlier. He declared a third bankruptcy, went through his second divorce, and committed suicide in 1940 — the newspapers then detailing his scandals … Continue reading

Twenty great trading advices

Risk is the uncertain possibility of loss. If you could quantify risk exactly, it would no longer be risk. Ed Seykota I can only rise by knowledge, If I fall it must be by my own blunders. Jesse Livermore As in any other job, art or science, observation is the only foundamental and pragmatic activity to use to guide your actions! Carl William Brown Risk no more that you can afford to lose, and also … Continue reading

50 Great quotes about trading

Life is either a daring adventure or nothing. Helen Keller First of all you must keep well in mind that a complete trading system covers each of the decisions required for successful trading, that is: Markets – What to buy or sell Position Sizing – How much to buy or sell Entries – When to buy or sell Stops – When to get out of a losing position Exits – When to get out of … Continue reading