Top lessons from “How to Trade In Stocks” by Jesse Livermore
A thread 🧵👇
A thread 🧵👇
“If you have timed the movement correctly, your first commitment will show you a profit at the start.”
“It has always been my experience that I never benefited much from a move if I did not get in at somewhere near the beginning of that move.”
“Set your own rules and stick to them; never argue with the market; never make a play you can’t afford; never give way to irrational exuberance. Above all, don’t be a sucker.”
“If there was any easy money lying around, no one would be forcing it into your pocket.”
Don’t fall for scams promising easy money.
Don’t fall for scams promising easy money.
“Money in a broker’s account or in a bank account is not the same as if you feel it in your own fingers once in a while. Then it means something.”
“All a person needs to do is observe what the market is telling him and evaluate it.”
Go in the path of least resistance at turning points.
Go in the path of least resistance at turning points.
“If you have timed the movement correctly, your first commitment will show you a profit at the start. From then on, all that is required of you is to be alert, watching for the appearance of the danger signal to tell you to step aside and convert paper profits into real money.”
“Profits always take care of themselves but losses never do.”
“If you are successful, most people are envious and they covet your success.”
Don’t be surprised by jealousy.
Don’t be surprised by jealousy.
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