Comments on: Rules of Stock Trading from Jesse Livermore http://dividendmoney.com/rules-of-stock-trading-from-jesse-livermore/ Personal Finance With A Cash Flow Focus Sun, 13 May 2012 02:19:07 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: traineeinvestor http://dividendmoney.com/rules-of-stock-trading-from-jesse-livermore/comment-page-1/#comment-18455 traineeinvestor Sat, 01 Mar 2008 07:34:11 +0000 http://dividendmoney.com/rules-of-stock-trading-from-jesse-livermore/#comment-18455 They are good rules for traders (not for longer term investors, which is another set of "rules" alltogether). That said, I have always had difficulty in accepting the trading rules of a man who went broke three times and, in the end, took his own life. Livermore often attibuted his financial reverses to a failure to follow his own rules. If true (and I have considerable reservations about that), then a sixth rule should be added - stay focused, disciplined and unemotional. They are good rules for traders (not for longer term investors, which is another set of “rules” alltogether).

That said, I have always had difficulty in accepting the trading rules of a man who went broke three times and, in the end, took his own life. Livermore often attibuted his financial reverses to a failure to follow his own rules. If true (and I have considerable reservations about that), then a sixth rule should be added – stay focused, disciplined and unemotional.

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