In this week’s edition of Trading Simplified, Dave shows his methodology in action by sticking with the original plan with his portfolio vs. giving up due to less-than-ideal conditions. He then resumes his series on the wisdom of Jesse Livermore.
This week, Dave discusses that there is a lot to be learned about what to do, but as importantly, what not to do. Livermore made a lot of mistakes, which led to him blowing up frequently. He also discusses Livermore’s philosophy on not counting profits until the trade is over, dealing with market manipulation, how people might think rationally but act emotionally (hence the use of technical analysis), and trader’s intuition developed after years of experience.
You can view all recorded episodes of the show at this link. Go to davelandry.com/stockcharts to access the slides for this episode and more. Dave can be contacted at davelandry.com/contact for any comments and questions.