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Lesson #3 Jesse Livermore's Trading System- Top Down Trading
“Top Down Trading” (TDT) was Jesse Livermore’s unique trading system which outlines how one of the world’s most famous speculators read the tape. Livermore emphasized the importance of keeping things simple by remaining as objective and unbiased as possible.
Wait for second half, Andy Hall tells bulls counting on $60 oil
By Barani Krishnan Hedge fund managers who rushed into crude oil longs only to see the rally stop at below $60 a barrel may have to wait till the second half for their payoff, renowned oil bull Andy Hall says. “Patience is a virtue,” Hall, who runs the $2.3-billion oil-focused Astenbeck Capital Management hedge fund…
Power Follows Wealth
Power Follows Wealth: Many years ago, Legendary Investor Jim Rogers told me that Power follows Wealth. A brief look at history confirms his thesis. We all know that empires were built when massive fortunes were accumulated and eventually collapsed when their inevitable economic dominance ended. Over time, capital begins to…
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.
Oil bull Hall's hedge fund down 5 pct in Jan; cites "interesting times" under Trump
Until inventories fall demonstrably, market will have difficulty adding to gains If contango stays, prices could be capped at $55/barrel levels If backwardation occurs by middle of year, mid $60 levels likely By Barani Krishnan NEW YORK, Feb 7 – Prominent oil bull Andy Hall posted a 5 percent loss at his hedge fund in…
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…