/wp-content/uploads/2018/03/logo.png00Stockradar/wp-content/uploads/2018/03/logo.pngStockradar2015-08-31 05:01:272021-06-18 17:54:26Relax, it's just a correction!
/wp-content/uploads/2018/03/logo.png00Stockradar/wp-content/uploads/2018/03/logo.pngStockradar2015-07-20 23:15:162024-02-01 16:20:063 simple rules will explain 99% of human behaviour
Here are nine surprising things Jesse Livermore said regarding excessive trading:
1. “Money is made by sitting, not trading.”
2. “It takes time to make money.”
3. “It was never my thinking that made the big money for me, it always was sitting.”
4. “Nobody can catch all the fluctuations.”
5. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”
6. “Buy right, sit tight.”
7. “Men who can both be right and sit tight are uncommon.”
8. “Don’t give me timing, give me time.” and finally, the most important thing:
9. “There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.” Jesse was a trader but he knew the value of staying with positions and sometimes not trading at all. Once he began to follow tips from others or trade when he should have abstained, all of his progress had come undone, and with it, his sanity.
/wp-content/uploads/2018/03/logo.png00Stockradar/wp-content/uploads/2018/03/logo.pngStockradar2014-11-06 23:24:302024-01-26 17:28:28Here are nine surprising things Jesse Livermore said regarding excessive trading:
/wp-content/uploads/2018/03/logo.png00Stockradar/wp-content/uploads/2018/03/logo.pngStockradar2014-08-21 04:45:302024-01-26 16:28:03It's not easy being a 'News Trader'
1. “Most successful investors, in fact, do nothing most of the time.”
2. “If you want to make a lot of money, resist diversification.”
3. “It is remarkable how many people mistake a bull market for brains.”
4. “On Wall Street there’s no truer adage than …’markets can remain irrational longer than you can remain solvent.’”
5. “No matter what we all know today, it’s not going to be true in 10 or 15 years.”
6. “If you want to be lucky, do your homework.”
7. “Swim your own races.”
8. “If the world economy gets better, commodities are very good place to be in … even if the world economy does not improve, commodities are still a fabulous place to be.”
9. “The most sensible skill that I can give to somebody born in 2003 is a perfect command of Mandarin.”
10. “Become a Chinese farmer, that’s what you should do.”
11. “If you can find ways to invest in Myanmar, you will be very, very rich over the next 20, 30, 40 years.”
12. “India is not a place for investors, but it’s a fabulous country for tourists”
13. “I don’t know any way to short either Harvard or Stanford.”
14. “I was poor once, I didn’t like it, I don’t want to be poor again”
/wp-content/uploads/2018/03/logo.png00Stockradar/wp-content/uploads/2018/03/logo.pngStockradar2014-08-20 04:40:292024-01-26 16:30:43Jim Rogers shares his brilliant insights
/wp-content/uploads/2018/03/logo.png00Stockradar/wp-content/uploads/2018/03/logo.pngStockradar2014-07-17 23:18:092024-01-26 16:07:49200 years of asset class history. And the winner is........
Jesse Livermore was one of the greatest traders who ever lived. You can read more about him here. Here are his trading rules written in 1940. You will find that many of them still apply today, proving that very little changes in the market over time.
1. Nothing new ever occurs in the business of speculating or investing in securities and commodities.
2. Money cannot consistently be made trading every day or every week during the year.
3. Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion.
4. Markets are never wrong – opinions often are.
5. The real money made in speculating has been in commitments showing in profit right from the start.
6. As long as a stock is acting right, and the market is right, do not be in a hurry to take profits.
7. One should never permit speculative ventures to run into investments.
8. The money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride.
9. Never buy a stock because it has had a big decline from its previous high.
10. Never sell a stock because it seems high-priced.
11. I become a buyer as soon as a stock makes a new high on its movement after having had a normal reaction.
12. Never average losses.
13. The human side of every person is the greatest enemy of the average investor or speculator.
14. Wishful thinking must be banished.
15. Big movements take time to develop.
16. It is not good to be too curious about all the reasons behind price movements.
17. It is much easier to watch a few than many.
18. If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole.
19. The leaders of today may not be the leaders of two years from now.
20. Do not become completely bearish or bullish on the whole market because one stock in some particular group has plainly reversed its course from the general trend.
21. Few people ever make money on tips. Beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket.
/wp-content/uploads/2018/03/logo.png00Stockradar/wp-content/uploads/2018/03/logo.pngStockradar2014-07-01 01:36:592024-01-26 16:20:54Jesse Livermore - Trading rules never change
Only 10% of Australians trust financial advisors. AFR 5/5/2014. A scary figure.
The “trust busting” GFC took a heavy toll on the financial advice industry. Most advisors floundered without a sound strategy for protecting your capital.
We wear our hearts on our sleeve at Stockradar. We are transparent with nothing to hide. We are independent with no products to push. Honesty, professionalism and our member’s fortunes are our passion. Our results are envied with special attention going to the ‘GFC’ period. Protect your wealth. Be prepared for the bull or the bear by having a sound and methodical strategy to guide you.
Relax, it’s just a correction!
/by Stockradar3 simple rules will explain 99% of human behaviour
/by Stockradar1: Most people don’t think.
2: Some people are jerks.
3: Everyone is selling something.
Here are nine surprising things Jesse Livermore said regarding excessive trading:
/by StockradarHere are nine surprising things Jesse Livermore said regarding excessive trading:
1. “Money is made by sitting, not trading.”
2. “It takes time to make money.”
3. “It was never my thinking that made the big money for me, it always was sitting.”
4. “Nobody can catch all the fluctuations.”
5. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”
6. “Buy right, sit tight.”
7. “Men who can both be right and sit tight are uncommon.”
8. “Don’t give me timing, give me time.” and finally, the most important thing:
9. “There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.” Jesse was a trader but he knew the value of staying with positions and sometimes not trading at all. Once he began to follow tips from others or trade when he should have abstained, all of his progress had come undone, and with it, his sanity.
It’s not easy being a ‘News Trader’
/by StockradarJim Rogers shares his brilliant insights
/by Stockradar1. “Most successful investors, in fact, do nothing most of the time.”
2. “If you want to make a lot of money, resist diversification.”
3. “It is remarkable how many people mistake a bull market for brains.”
4. “On Wall Street there’s no truer adage than …’markets can remain irrational longer than you can remain solvent.’”
5. “No matter what we all know today, it’s not going to be true in 10 or 15 years.”
6. “If you want to be lucky, do your homework.”
7. “Swim your own races.”
8. “If the world economy gets better, commodities are very good place to be in … even if the world economy does not improve, commodities are still a fabulous place to be.”
9. “The most sensible skill that I can give to somebody born in 2003 is a perfect command of Mandarin.”
10. “Become a Chinese farmer, that’s what you should do.”
11. “If you can find ways to invest in Myanmar, you will be very, very rich over the next 20, 30, 40 years.”
12. “India is not a place for investors, but it’s a fabulous country for tourists”
13. “I don’t know any way to short either Harvard or Stanford.”
14. “I was poor once, I didn’t like it, I don’t want to be poor again”
200 years of asset class history. And the winner is……..
/by StockradarJesse Livermore – Trading rules never change
/by StockradarJesse Livermore’s Trading Rules Written in 1940
Jesse Livermore was one of the greatest traders who ever lived. You can read more about him here. Here are his trading rules written in 1940. You will find that many of them still apply today, proving that very little changes in the market over time.
1. Nothing new ever occurs in the business of speculating or investing in securities and commodities.
2. Money cannot consistently be made trading every day or every week during the year.
3. Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion.
4. Markets are never wrong – opinions often are.
5. The real money made in speculating has been in commitments showing in profit right from the start.
6. As long as a stock is acting right, and the market is right, do not be in a hurry to take profits.
7. One should never permit speculative ventures to run into investments.
8. The money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride.
9. Never buy a stock because it has had a big decline from its previous high.
10. Never sell a stock because it seems high-priced.
11. I become a buyer as soon as a stock makes a new high on its movement after having had a normal reaction.
12. Never average losses.
13. The human side of every person is the greatest enemy of the average investor or speculator.
14. Wishful thinking must be banished.
15. Big movements take time to develop.
16. It is not good to be too curious about all the reasons behind price movements.
17. It is much easier to watch a few than many.
18. If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole.
19. The leaders of today may not be the leaders of two years from now.
20. Do not become completely bearish or bullish on the whole market because one stock in some particular group has plainly reversed its course from the general trend.
21. Few people ever make money on tips. Beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket.
My soap-box rant
/by StockradarWhy this rant?
Only 10% of Australians trust financial advisors. AFR 5/5/2014. A scary figure.
The “trust busting” GFC took a heavy toll on the financial advice industry. Most advisors floundered without a sound strategy for protecting your capital.
We wear our hearts on our sleeve at Stockradar. We are transparent with nothing to hide. We are independent with no products to push. Honesty, professionalism and our member’s fortunes are our passion. Our results are envied with special attention going to the ‘GFC’ period. Protect your wealth. Be prepared for the bull or the bear by having a sound and methodical strategy to guide you.