The trend is your friend.
You’ve probably heard this quote before but did you know it was from Jesse Livermore, the first well-known technical trend trader who made and lost several fortunes in his lifetime? Before the day of computers or even paper charts, Livermore traded break-outs and break-downs in price based upon what he observed in ticket tape pricing.
If you are disciplined, interested in technical analysis and like placing big bets on stock market trends, learn to trade like Jesse Livermore — correctly anticipate big market moves based upon past experience and market action, add to your winning positions, cut losses short and most importantly, relentlessly follow your trading rules and don’t let other people’s opinions replace your own research and analysis.
Livermore has many well-know quotes because he wrote a book on stock trading and was the source for the must-read stock trading book, Reminiscences of a Stock Operator.
Follow the links below to learn more about Jesse Livermore’s trading style, when he gets in and out of the market, quotes and other related information:
CSPAN Interview: Janet Tavakoli on the Financial Crisis
Warren Buffett Says, Stop Coddling the Super Rich!
Mort Zuckerman Discusses the Economic Recovery Roadmap
Sam Zell Speaks at Milken Conference about Commercial Real Estate
Buying Real Estate for Cash Flow: Summary
Invest Like Jesse Livermore, Technical Trend Trader
Invest Like Philip Fisher, Father of Growth Stock Investing
Invest Like William O’Neil, Inventor of CAN SLIM