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Lesson 1: Don't Be A Wall Street Fool
Reminiscences of a Stock Operator by Edwin Lefèvre and Roger Lowenstein is one of the most powerful investment books every written. Many people believe the book outlines the story of Jesse Livermore, one of the most famous stock market operators in history. The book contains a wealth of wisdom and prescient information that has stood the test of time. Many of the concepts are applicable today! Over the next few weeks, I will break down much of that “market wisdom” into a series of easy to digest blog posts.
8 Legends Share Their Market Wisdom
Join Our Newsletter & Get Powerful Ideas Delivered To Your Inbox 1. Christian Siva-Jothy On Idea Generation No one gets paid for originality – you get paid for making money. I am happy to take other people’s good ideas and run with them, as long as I understand exactly why I am in the trade….
Richard Donchian's Trading Rules (Father of TrendFollowing)
Richard Donchian’s Trading Rules
Investing Advice From Peter Thiel: Timing Is Everything
Peter Thiel on Timing is Everything One of the dilemmas with our post-bubble hypothesis is that while the enormous distortions affecting the market, must eventually unwind, they can get bigger before reversing course. Balancing long-term and short-term views on the pivot of timing indicators is very tricky. For example, we think there is a housing…
Lesson 2: Always Keep Your Losses Small & Never Fight The Tape!
Lesson 1 stressed the importance of developing “a sound market-tested trading plan, then trade your plan.” Lesson 2 discusses the importance of handling losses. Remember, losses are inevitable so don’t set them aside. Instead, prepare for them by integrating them into your trading plan. That way you can recognize when you are wrong, and instead of battling it out in the psychological warzone, you can cut your losses and get back to winning.
Rare Marty Schwartz "Pit Bull" Speech: Spring 2013
Want More Valuable Content? Join Our Free Newsletter Marty Schwartz Jack Schwager’s “Market Wizards” Discussion in Amherst Great talk by Marty Schwartz “Pitbull” Source: http://www.youtube.com/watch?v=CkDZbGVR7Y8#action=share
