livermore

Here's The Weird Thing About The Tumbling Stock Market …

ZeroOne on FlickrThe market has been shaky for awhile now, but today it just got real.
The NASDAQ crashed 3%. The S&P fell about 2%. The Dow dropped over 260 points.So here’s the weird thing. There’s really no “story” associated with this selloff, which is a point noted by Jesse Livermore on Twitter.Now let’s be clear, usually stories that explain market […]

The Stock Market Sucker Test – 5 Questions – Jesse Livermore

1. Market commentators say money’s going to be made by anyone who goes long volatility. You decide it’s time to:Find out what “going long volatility” means.

Look in the atlas. You know where Long Island is, but you’re not sure about Long Volatility.

Ignore them.

Sell options.

Buy options.

2. Tomorrow is your birthday and you’re feeling good. To celebrate your birthday, you’re going to:Buy […]

Stock Trading Wisdom – Not For Suckers – Jesse Livermore

I liked the quote from George Soros I used earlier this month, so I thought I’d dig out a few more words of wisdom.In doing so, I’m well aware that this is precisely the kind of activity a sucker loves to engage in. Jesse Livermore said:“The semi-sucker had read books about trading – usually written by yet higher grade suckers […]

Stock Trading: The Deadly Enemies – Greed, Fear and Hope

Jesse Livermore described the emotions of hope, greed and fear at various times as:* The speculator’s chief enemies* His natural foes* The speculator’s deadly enemiesLivermore’s views on hope and fear lie at the heart of successful trading. He describes how traders fail when they allow hope of recovery to prevent them cutting their losses and fear of losing a small […]