More Livermore Stock Rules (part 3)

PART 3 JESSE LIVERMORE'S STOCK TRADING TIPS

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

Develop a trading plan for each potential situation you may face.

Do not look at quotes during the day.

Do not concentrate on break-even levels when you are losing.

Don't liquidate a winner to keep a loser.

Develop and maintain an exit plan. Follow this plan with rigid discipline.

Sustain your patience. Big movements take time to develop.

Don't be overly curious about the rationale behind a move. The market has a reason, you just don't know it yet.

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