10 Top Stock Trading Systems - Stock Trading Tips

10 Top Stock Trading Systems - Stock Trading Tips


Stock Trading Tips



The following are excerpts from Reminiscences of a Stock Operator.



Jesse Livermore's Stock Trading Tips & Comments




  1. Remember that stocks are
    never too high for you to begin buying or too low to
    begin selling. But after the initial transaction, don't
    make a second unless the first shows you a profit.

  2. If a stock doesn't act
    right don't touch it; because, being unable to tell
    precisely what is wrong, you cannot tell which way it is
    going. No diagnosis, no prognosis. No prognosis, no
    profit.

  3. Always sell what shows you
    a loss and keep what shows you a profit.

  4. The principles of
    successful stock speculation are based on the supposition
    that people will continue in the future to make the
    mistakes that they have past.

  5. Don't argue with the tape.
    Do not seek to lure the profit back. Quit while the
    quitting is good--and cheap.

  6. Never buy a stock because
    it has had a big decline from its previous high.

  7. There is only one side to
    the stock market; and it is not the bull side or the bear
    side but the right side.

  8. Never act on tips.

  9. The speculator's chief
    enemies are always boring from within. It is inseparable
    from human nature to hope and to fear. In speculation
    when the market goes against you hope that every day will
    be the last day--and you lose more than you should had
    you not listened to hope--to the same pioneers, big and
    little. And when the market goes your way you become
    fearful that the next day will take away your profit, and
    you get out--too soon. Fear keeps you from making as much
    money as you ought to. The successful trader has to fight
    these two deep-seated instincts. He has to reverse what
    you might call his natural impulses. Instead of hoping he
    must fear; instead of fearing he must hope. he must fear
    that his losses may develop into a much bigger loss, and
    hope that his profit may become a bigger profit. It is
    absolutely wrong to gamble in stocks the way the average
    man does.

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

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