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2 comment(s). Last comment by Kevin Wong 2015-05-18 20:00
Posted by Kevin Wong > 2015-05-18 20:00 | Report Abuse
Livermore also says, ""Money is made by sitting, not trading"" and ""Gimme time, not timing"". Ironic words isn't it coming from a man widely regarded as the greatest market timer/speculator of all!
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Stock Market Enthusiast
PBBANK: Technical Outlook Suggest Target of RM5 (Uptrend but Overbought) - KingKKK
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
imoogi99
1,640 posts
Posted by imoogi99 > 2015-05-18 14:35 | Report Abuse
" Jesse Livermore always said that if he could have just followed his trading rules, he would have never squandered his trading capital. But he couldn’t help himself. He was incapable of following his trading rules during losing streaks. And I believe that this tragic flaw in his trading style existed precisely because he saw himself as being right when he won and wrong when he lost. That is too great of an emotional burden for any of us to bear, especially if we are trading over short-term time frames. "
......so make sure dont follow him 100%..if you do, then your trading capital will be gone too...lol!