Excellent advice zip
The real Jesse Livermore started playing the market in the "bucket shops".
This was straight up gambling where you bet your money on the fluctuations of the ticker tape. It went up a half a point and you might double your money..down a half and you were wiped out...Although just a teenager at the time, Livermore became so good at "reading the tape" that he was banned in bucket shops from the East Coast out to St. Louis..
This forced him to go to Wall Street...When he bet the fluctuations in the regular market...They cleaned him out..He had to learn his lessons the hard way. What he learned was the big money was always made in the big moves either up or down..In an early chapter In "Reminiscence" he talks about a wise old market player "Old Turkey"...and how "Turkey" always comments to guys who give him tips.."It's a Bull (or Bear) Market like this is some great piece of inside information. Livermore then begins to understand that it is..If you bet the direction the stock or the market is moving and have the patience to hold your position and not try to trade dips or rushes, which are always their to tempt you, you have the best chance to become a rich man..Just sitting and holding is the real secret..Hold until you have evidence the trend is over..
Right now Amarin is trending upwards...It's a Bull Market...
":>) JL
News 
Market Data 
Discover 
