LIVERMORE'S TRADE TACTICS Part 2

MORE LIVERMORE TRADING TACTICS:
JESSE LIVERMORE'S STOCK RULES (Part 2)
These are more of Jesse Livermore's trading rules as of 1923. Most come from the book Reminiscences of a Stock Operator which was published in 1923, but were actually compiled from a series of magazine articles in years prior to 1923. In later years, Livermore further developed and refined his trading rules and techniques (see other rules on this blog)

The speculator's chief enemies are always boredom from within.

A man must believe in himself and his judgment if he expects to make a living at this game.

Bulls and bears make money, but pigs get slaughtered.

Use money management at all times.

Establish your trading plan before the markets open.

Detail out your plan for each trade.

Establish entry and exit points and understand risk reward rations.

Accept small losses as part of the game if you want to win.

Trade markets from the short side.

Stand aside from a position, knowing you have taken a position.

MORE JESSE LIVERMORE RULES/TACTICS APPEAR
FOLLOWING THE ADVERTISEMENT (continues below)