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Please click on link provided! How to Trade in Stocks
https://amzn.to/3K4s1TQ - How to Trade in Stocks
This book serves as a great resource for learning about stock trading. It contains the actual book written by Jesse Livermore, a legendary trader who many consider to be the greatest stock trader in history.
His track record speaks for itself, as he made $3 million in one day in 1907 and over $100 million during the 1929 crash when everyone else was facing massive losses.
Personally, I have learned a tremendous amount about stock trading from studying Livermores principles. In fact, I have been able to apply his strategies and make around $10,000 in my own trading accounts.
This book is filled with valuable insights and lessons that can truly make a difference in your trading journey. One of the standout features of this book is the inclusion of the Livermore Market Key at the end.
This section showcases the actual charts that Livermore used to trade stocks. These charts are unique and different from anything else I have ever seen.
They involve putting prices in different columns and designating each days movement as a downtrend or an uptrend. This visual representation adds an extra layer of understanding to Livermores trading methods.
The principles taught in this book are invaluable. One key concept is not to buy your whole position at once. Livermore advises buying in smaller increments, such as 200-200-200, and then the remaining 400 shares.
This approach helps to mitigate risk and allows for better entry points. Additionally, the book emphasizes the importance of following the markets lead and not trying to predict its movements.
By paying attention to volume and trend, you can let the market guide your decisions. This principle of following the path of least resistance is crucial in avoiding unnecessary losses.
Livermores advice to not fight the tape is another principle that has proven to be effective. Instead of buying into weakness, it is recommended to buy into strength.
This strategy aligns with the concept of buying the leaders in the best-performing industry. By focusing on strong stocks and industries, the chances of success are significantly increased.
The book also reinforces the idea that history repeats itself in the stock market. Livermore states that there is nothing new in Wall Street, and what has happened before will happen again.
Understanding historical patterns and learning from them is crucial for successful trading. I must mention that this book does not provide a complete practical strategy for trading.
However, it serves as a guide to credit other books, authors, and principles. This book acts as a valuable stepping stone in your journey towards becoming a successful trader.
In conclusion, I highly recommend purchasing "How to Trade in Stocks." It offers insight into the strategies and mentality of a true trading legend.
By following Livermores principles, you can enhance your trading skills and potentially achieve significant profits. Dont miss out on the opportunity to learn from one of the greatest traders in history.
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