The Wisdom of Jesse Livermore, Part 6
In this week’s edition of Trading Simplified, Dave shows his methodology in action with a recent crypto and stock trade, where he’s “free rolling,” which he notes is the secret to longer-term trading success. He then resumes his series on the wisdom of Jesse Livermore, discussing how you need to gain confidence in your own methods and avoid extraneous influences such as goads and news. He also talks about why you must remain unbiased (especially after you put on a position), how the real money is in longer-term trends, and the dangers of being “right but early.”
This video was originally broadcast on May 24, 2023. Click anywhere on the Trading Simplified logo above to watch on our dedicated show page, or at this link to watch on YouTube. You can also watch this and past episodes on the StockCharts on-demand video service StockChartsTV.com — registration is free!
New episodes of Trading Simplified air on Wednesdays at 12:00pm ET on StockCharts TV. 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.