JESSE LIVERMORE is considered the greatest trader of all time.
He was the richest person in the world during his time.
I've read majority of his books and picked out learnings which are relevant even today with examples of the current scenario.
1: Remember that stocks are never too high for you to begin buying or too low to begin selling.
This principle still holds true today in trading, especially trend following.
Most people think if a stock has run up too much, then it's price is high and it will reverse.
But a trader should always be on the right side of a trend.
For eg: Asianpaints has been making new highs constantly, the major money would've been by the people who were on the right side of the trend i.e long.
Never buy it just because it has fallen too much. Instead short it and make money.
2: “Being a little late in a trade is insurance that your opinion is correct.”
It's okay to enter in a trade after you have received confirmation from the market.
Trading after confirmation will make your sacrifice your profits but it will also protect you against the loss
