9 important revelations left by Jesse Livermore

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Edward Weston

Dec 14, 2023

1.The market is regular, and the regularity of the market is due to the constant human nature.


2.Wait patiently for the market to heat up perfectly, not to intervene predictably. "Timing is everything", buy at the right time, sell at the right time.


3.Right is right, wrong is wrong. Just do the right thing, don't the wrong thing again!


4.Market tolerates and digests everything, it is always right. It is wise to adapt to the market!


5.Loss is the cost of trading, and failure is not terrible. The really terrible thing is that you did not get enough lessons from failure!


6.Trading is the confrontation between reason and emotion! Transactions require rational planning.


7.Control your transactions, manage your funds.


8.The biggest enemy to investors is not the market, not anything else, but the investors themselves. Big fluctuations can make you make a lot of money.


9.Speculation is a game, and it's also your career. You need to make lots of efforts, work hard and sum up experiences.


There are no new things on Wall Street because speculation is as old as mountains. What happened in the stock market today had happened before and will happen again in the future. People constantly repeat their behavior in the same way, which is why the graphics and trends made up by those numbers are always repeating.


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