Similar Posts
Investing Advice From Peter Thiel: Timing Is Everything
Peter Thiel on Timing is Everything One of the dilemmas with our post-bubble hypothesis is that while the enormous distortions affecting the market, must eventually unwind, they can get bigger before reversing course. Balancing long-term and short-term views on the pivot of timing indicators is very tricky. For example, we think there is a housing…
Richard Donchian's Trading Rules (Father of TrendFollowing)
Richard Donchian’s Trading Rules
Lesson #3 Jesse Livermore's Trading System- Top Down Trading
“Top Down Trading” (TDT) was Jesse Livermore’s unique trading system which outlines how one of the world’s most famous speculators read the tape. Livermore emphasized the importance of keeping things simple by remaining as objective and unbiased as possible.
Lesson 2: Always Keep Your Losses Small & Never Fight The Tape!
Lesson 1 stressed the importance of developing “a sound market-tested trading plan, then trade your plan.” Lesson 2 discusses the importance of handling losses. Remember, losses are inevitable so don’t set them aside. Instead, prepare for them by integrating them into your trading plan. That way you can recognize when you are wrong, and instead of battling it out in the psychological warzone, you can cut your losses and get back to winning.
8 Legends Share Their Market Wisdom
Join Our Newsletter & Get Powerful Ideas Delivered To Your Inbox 1. Christian Siva-Jothy On Idea Generation No one gets paid for originality – you get paid for making money. I am happy to take other people’s good ideas and run with them, as long as I understand exactly why I am in the trade….
Adam Sarhan Market Quotes:
Learn How to Navigate The Stock Market “Never argue with the tape and always keep your losses small.”- -Adam Sarhan “Trade wisely” -Adam Sarhan “The market is just a reflection of collective psychology.” -Adam Sarhan “Time is the friend of a successful investor and the enemy of lousy investor.” -Adam Sarhan “There is always that one person…