Jesse Livermore’s trading rules

Lesson Number One: Cut your losses quickly. As soon as a trade is contemplated, a trader must know at what point in time he’ll be proven wrong and exit a position. If a trader doesn’t know his exit before he takes the entry, he might as well go to the racetrack or casino where at … Read more Jesse Livermore’s trading rules

Jesse Livermore’s Money Management Rules

If you haven’t read this book “Reminiscences of a Stock Operator” written in 1923, read it! It is purpordetly the unofficial biography of one of the greates traders ever; Jesse Livermore.  The rules Jesse followed back at the turn of the last century are still very much applicable today. 1) Don’t lose money. Don’t lose your … Read more Jesse Livermore’s Money Management Rules