Nov 012009
Minyanville has seven trading lessons from the legendary Jesse Livermore.
To summarize:
- Cut your losses quickly
- Confirm your judgment before going all in
- Watch leading stocks for the best action
- Let prices ride until price action dictates otherwise
- Buy all-time highs
- Use pivot points to determine trends
- Control your emotions
Do No. 1 and No. 4 and you’ll do just fine. But read the whole thing.