Top leanings from the life of Jesse Livermore (legend of trading).

A detailed thread 🧵👇
#LearnWithChartmojo #stocks #trading

(1/16)

"Successful trading is always an emotional battle for the speculator, not an intelligent battle".

Managing emotions is considered to be the most difficult task. Calmness combined with patience in the chaos leads to success.

(2/16)

“It is what people actually did in the stock market that counted – not what they said they were going to do".

A trader cannot stick to his/her words and continue. Rather they have to change their colors like chameleon considering the market situation to earn profit.

(3/16)

“If you can’t sleep at night because of your stock market position, then you have gone too far".

One should know their capacity to handle the position. Oversize positioning might lead to an imbalance of mental health by creating mental pressure.

(4/16)

“The trend is your friend".

All traders should fit this in their minds and should never go against your friend. Rather it will help a trader to achieve the targets by just following the trend.