Stock Trading - Livermore Jesse
Classic timing formula, money and emotion management
Livermore's formula for understanding time and money management, and emotional control.
Jesse Livermore was a speculator, and sometimes the magnitude of his operations made the Street (Wall Street) clap the Gauls in surprise. Yet blind chance was never present in his market action.. Every movement has been verified by an exceptional genius, backed by endless research and persevering patience.
This little book if not a sensation for those interested in science speculation, then at least, amazing fulcrum.
Every great speculator has his own method of action, your own research course, leading to conclusions, on the basis of which he wishes to risk large sums of money. In this book, Dessi Livermore, with characteristic frankness, pulls back the curtain and publicly reveals his rules for combining the time factor and price, he gets everyone's attention with audacity among the leading speculators of all time. He lays out before the reader the fruits of forty years of speculation research..
Jesse Livermore - Name, familiar to everyone, who ever dealt with share trading. Famous trader, he managed to achieve incredible success in the stock market, becoming an example for many generations of investors. In this article, we will look at the basic strategies and principles of trading, used by Livermore, and how they can be used today.
Fundamentals of Jesse Livermore stock trading
Livermore strategy was founded on several key principles. Firstly, Livermore always analyzed the market carefully before placing a bet.. He didn't see stocks as just securities., but saw in them representatives of specific companies and industries.
Market trend analysis
An important part of Livermore's strategy was to study and analyze market trends.. He understood, that stocks don't follow random movements – they reflect general trends in the economy and certain industries. Livermore used these trends, to understand, what stocks have upside potential, and when to sell them.
Understanding Market Cycles
Another important part of Livermore's strategy was understanding market cycles.. He knew, that the market always moves in certain cycles, and successful stock trading requires the ability to read these cycles and use them to your advantage..
Risk management and discipline
Finally, Livermore understood the importance of risk management and discipline in stock trading. He never risked more, than could afford to lose, and always stuck to his strategy, even when the market was against him.
Conclusion
Stock Trading Strategies and Principles Jesse Livermore remain relevant today. They can help traders around the world to better understand the market and improve their efficiency in stock trading..
