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!

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!