Jesse LIVERMORE - books
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Jesse Livermore
Jesse Livermore, in his office in 1929 just after the "Crash"--when he made over 100 million dollars.
Few investors have made and lost fortunes to equal those of the legendary Jesse Livermore, a notorious stock market speculator during the first half of the 20th century. He often remarked," Markets are never wrong; opinions are."
Human nature is no different today than it was back in the 1920s and 1930s when Jesse Livermore was a major force on Wall Street. Investors have the same hopes and fears today that they had seventy or eighty years ago. Mr. Livermore saw repeatedly that the opinions of many of his colleagues were frequently wrong, as the market went on its own merry way in a direction contrary to what they had expected.
In these periods of gyrating markets where it is difficult to know the markets trend, Livermore remarked over 80 years ago:
"Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after an investor has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance."
Reminiscences of a Stock Operator published in 1923 offers timeless wisdom for all investors and traders:
Never act on tips.
Use a system and don't deviate from it.
Never buy a stock because it has had a big decline from its previous high.
If a stock doesn't act right don't touch it; because, being unable to tell precisely what is wrong, you cannot tell which way it is going. No diagnosis, no prognosis. No prognosis, no profit.
Don't blame the market for your losses.
Never add to a losing position. A losing position means you were wrong.
Stocks are never too high for you to begin buying or too low to begin selling. But after the initial transaction, don't make a second unless the first shows you a profit.
Always sell what shows you a loss and keep what shows you a profit.
Don't argue with the tape. Do not seek to lure the profit back. Quit while the quitting is good--and cheap.
There is only one side to the stock market; and it is not the bull side or the bear side but the right side.
The speculator's chief enemies are always boredom from within.
A man must believe in himself and his judgment if he expects to make a living at this game.
Bulls and bears make money, but pigs get slaughtered.
Use money management at all times.
Establish your trading plan before the markets open.
Detailed your plan for each trade.
Establish entry and exit points and understand risk reward rations.
Accept small losses as part of the game if you want to win.
Trade markets from the short side.
Stand aside from a position, knowing you have taken a position.
Develop a trading plan for each potential situation you may face.
Do not look at quotes during the day.
Do not concentrate on break-even levels when you are losing.
Don't liquidate a winner to keep a loser.
Develop and maintain an exit plan. Follow this plan with rigid discipline.
Sustain your patience. Big movements take time to develop.
Don't be overly curious about the rationale behind a move. The key to wealth in trading is simplicity.
Pode ser visto aqui:
http://www.arbtrading.com/jesselivermore.htm
Jesse Livermore, in his office in 1929 just after the "Crash"--when he made over 100 million dollars.
Few investors have made and lost fortunes to equal those of the legendary Jesse Livermore, a notorious stock market speculator during the first half of the 20th century. He often remarked," Markets are never wrong; opinions are."
Human nature is no different today than it was back in the 1920s and 1930s when Jesse Livermore was a major force on Wall Street. Investors have the same hopes and fears today that they had seventy or eighty years ago. Mr. Livermore saw repeatedly that the opinions of many of his colleagues were frequently wrong, as the market went on its own merry way in a direction contrary to what they had expected.
In these periods of gyrating markets where it is difficult to know the markets trend, Livermore remarked over 80 years ago:
"Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after an investor has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance."
Reminiscences of a Stock Operator published in 1923 offers timeless wisdom for all investors and traders:
Never act on tips.
Use a system and don't deviate from it.
Never buy a stock because it has had a big decline from its previous high.
If a stock doesn't act right don't touch it; because, being unable to tell precisely what is wrong, you cannot tell which way it is going. No diagnosis, no prognosis. No prognosis, no profit.
Don't blame the market for your losses.
Never add to a losing position. A losing position means you were wrong.
Stocks are never too high for you to begin buying or too low to begin selling. But after the initial transaction, don't make a second unless the first shows you a profit.
Always sell what shows you a loss and keep what shows you a profit.
Don't argue with the tape. Do not seek to lure the profit back. Quit while the quitting is good--and cheap.
There is only one side to the stock market; and it is not the bull side or the bear side but the right side.
The speculator's chief enemies are always boredom from within.
A man must believe in himself and his judgment if he expects to make a living at this game.
Bulls and bears make money, but pigs get slaughtered.
Use money management at all times.
Establish your trading plan before the markets open.
Detailed your plan for each trade.
Establish entry and exit points and understand risk reward rations.
Accept small losses as part of the game if you want to win.
Trade markets from the short side.
Stand aside from a position, knowing you have taken a position.
Develop a trading plan for each potential situation you may face.
Do not look at quotes during the day.
Do not concentrate on break-even levels when you are losing.
Don't liquidate a winner to keep a loser.
Develop and maintain an exit plan. Follow this plan with rigid discipline.
Sustain your patience. Big movements take time to develop.
Don't be overly curious about the rationale behind a move. The key to wealth in trading is simplicity.
Pode ser visto aqui:
http://www.arbtrading.com/jesselivermore.htm
- Mensagens: 70
- Registado: 19/2/2004 23:58
Mais um artigo sobre JESSE LIVERMORE onde encontra alguns axiomas de Livermore que considero como ensinamentos muito actuais.
Encontra também outro E-Book grátis do J. Livermore;
Trading Like Jesse Livermore
link para os axiomas de Livermore e E_BOOK:
http://pt.shvoong.com/books/117097-e-bo ... livermore/
Nota: no fundo do arquivo encontra um link,
1- tem de o selecionar e depois tecla CONTROL + teclaC( ao mesmo tempo).
2-No endereço fazer CONTROL + V e enter.
Encontra também outro E-Book grátis do J. Livermore;
Trading Like Jesse Livermore
link para os axiomas de Livermore e E_BOOK:
http://pt.shvoong.com/books/117097-e-bo ... livermore/
Nota: no fundo do arquivo encontra um link,
1- tem de o selecionar e depois tecla CONTROL + teclaC( ao mesmo tempo).
2-No endereço fazer CONTROL + V e enter.
- Mensagens: 70
- Registado: 19/2/2004 23:58
Inbolsa Escreveu:Após uma pesquisa pelo fórum, encontrei um artigo interessante do participante com nick maisum(+1)
Artigo completo postado pelo +1:
http://www.safehaven.com/article-2862.htm
Faltou o link do maisum.
aqui está:
http://www.caldeiraodebolsa.com/forum/v ... =livermore
- Mensagens: 70
- Registado: 19/2/2004 23:58
Após uma pesquisa pelo fórum, encontrei um artigo interessante do participante com nick maisum(+1)
Artigo completo postado pelo +1:
http://www.safehaven.com/article-2862.htm
Artigo completo postado pelo +1:
http://www.safehaven.com/article-2862.htm
- Mensagens: 70
- Registado: 19/2/2004 23:58
Para lerem mais sobre Jesse Livermore:
http://www.traderslog.com/jesse-livermore.htm
http://www.traderspress.com/categories/ ... ermore.asp
http://www.caldeiraodebolsa.com/forum/v ... +livermore
http://www.traderslog.com/jesse-livermore.htm
http://www.traderspress.com/categories/ ... ermore.asp
http://www.caldeiraodebolsa.com/forum/v ... +livermore
- Mensagens: 70
- Registado: 19/2/2004 23:58
Jesse LIVERMORE - books
"Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes." ---Jesse Livermore
Citação muito interessante de J.Livermore.
A sua vida só por si é uma história curiosa, sai de casa aos 14, trabalha numa corretora, faz fortuna, vai á ruina, assiste ao CRASH etc.
Contudo as suas ideias e citações perduram como verdades e ensinamentos muito interessantes.
Tem um livro muito famoso que aconselho a leitura, Reminiscences of a Stock Operator
Para ler mais sobre a sua vida e fazer o download grátis do Reminiscences of a stock operator:
http://pt.shvoong.com/books/117082-e-bo ... ck-market/
Citação muito interessante de J.Livermore.
A sua vida só por si é uma história curiosa, sai de casa aos 14, trabalha numa corretora, faz fortuna, vai á ruina, assiste ao CRASH etc.
Contudo as suas ideias e citações perduram como verdades e ensinamentos muito interessantes.
Tem um livro muito famoso que aconselho a leitura, Reminiscences of a Stock Operator
Para ler mais sobre a sua vida e fazer o download grátis do Reminiscences of a stock operator:
http://pt.shvoong.com/books/117082-e-bo ... ck-market/
- Mensagens: 70
- Registado: 19/2/2004 23:58
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