Category Archives: Trading Education

Jesse Livermore made $100 million in 1929. By 1934 he had lost it all

By | June 15, 2019

How could an experienced trader lose his entire fortune? Why didn’t Jesse Livermore follow his own trading rules? – rules that should quickly have closed his losing positions. In 1917, with great foresight, Jesse Livermore had bought $800,000 worth of annuities. His objective was to ensure his family had an income in case he lost… Read More »

Why Traders Lose Discipline

By | May 27, 2019

Mental discipline is a finite resource, much like a muscle, that becomes exhausted with use.Mental Discipline is required for focus, concentration, and self‐control it can become easily depleted. As Mental Discipline becomes eroded, we become vulnerable to emotion‐driven decisions and the erratic trading behavior that follows. we can become more susceptible to the trading errors.… Read More »

Trading as a Profession

By | May 25, 2019

Trading is a profession and nothing less. Most professions such as medical, legal, psychological,pharmaceutical, technical, mechanical, engineering, etc., require several years of education, study and effort. Not to mention the money required for learning the necessary skills. Then it takes many more years of actual practice to develop the skills and gain the experience to… Read More »


By | May 18, 2019

Trading is a completely different animal entirely. I’m not condemning any approach to the markets at all. Cycles work, astrology works, Elliott Wave works, Gann methods work, trend line breaks work, technical analysis works, fundamental analysis works, moving averages work, oscillators work, chart patterns work, etc. However, no approach, no matter how good, will work… Read More »