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1. Jesse Livermores Secret To Success

2. Home page investor image explanation

3. The great crash 1929

4. Dear NewBie Investor

5. How to win in the stock market

6. Commandments to follow

7. 10 Rules for Investing

8. How to survive a stock market crash

9. William J ONeil, CANSLIM

10. Barry Ritholtz keep it simple stupid

11. Gerald Loeb how to win

12. Paul Tudor Jones II

13. Felix Zulauf

14. Warren Buffett

15. Reading the tape

16. Indicators Introduction

17. Richard Ney method

18. Richard Wyckoff method

19. Richard Wyckoff is a success story

20. Richard Wyckoff logic not working, this maybe why?

21. Richard Wyckoff studied Jesse Livermore

22. Bob Evans, renowned Wyckoff teacher

23. William Gann method

24. William Gann life story

25. William Gann Law of Vibration

26. Jim Hurst method

27. Wyckoff method improved1

28. Wyckoff method improved2

29. Original Wyckoff and Wyckoff 2.0

30. Wyckoff 2.0 vs Others

31. Wyckoff 2.0 and Volume Spread Analysis

32. Powerful Patterns

33. Elliot Waves

34. Price Action

35. Market Statistics

36. Cycles for short term speculation

37. Stop Loss methods

38. Alpha Stock Scanner

39. Swing Scanner

40. Flash Charts

41. RTT Market Timer

42. RTT Wyckoff Short Term model

43. Chart Drawing Tools

44. Standard Indicators

45. Proprietary Indicators (PI)

46. PI: RTT TrendStatus

47. PI: RTT TrendPower

48. PI: RTT VolumeWave

49. PI: RTT Rainbow Bands

50. PI: RTT Volume

51. PI: RTT MarketPulse

52. PI: RTT Steps of Cause and Effect

53. PI: RTT Wyckoff Strength Weakness

54. PI: Proprietary Indicators Caution

55. What we do?



         


The Wyckoff Stock Market Institute (WyckoffSMI.com) provides an excellent education program to get ahead with Richard Wyckoff logic, readtheticker.com approves of their education material, but of course we prefer our charts, tools and scanner within readtheticker.com for the live Wyckoff trade management.

Richard Wyckoff

Readtheticker.com is an official affiliate of Wyckoff Stock Market Institute (or WyckoffSMI.com).


Indicator Library
Jesse Livermores Secret To Success

Who was Jesse Livermore (1877 - 1940) ?

Jesse Livermore profileTime Magazine described Jesse Livermore as the most fabulous living U.S. stock trader.

His progress from office boy to Wall Street legend - his trading lessons - his triumphs and disasters - is probably the most fascinating of any of Wall Street's stories.  Even today, many stock and commodity traders owe Jesse Livermore a deep debt of gratitude for sharing his experiences in the book Reminiscences of a Stock Operator.

The techniques he made public have endured through many decades; his trading rules earned him millions of dollars. 


Livermore response to those that desire success in the markets was as follows:

Jesse Livermore quote

Note: This extract was published with the permission of Windsor Books, it can not be freely distributed.

Jesse Livermore used both fundamentals and technicals to profit in the markets. Livermore realised that he would have to learn his profession just as a doctor or engineer might.

Jesse Livermore is known to accumulate a fortune in the 1929/32 stock market crash. A reported $100 million dollars (in 1930's, this is huge). He did this by entering a trade when the market approached a critical determination point during the price trend, what he called a pivot point. At this point the trend would either re affirm it self as healthy (and continue) or not, thus a critical point in time in any trend. We at readtheticker.com use a method called Wyckoff 2.0 to determine Jesse Livermore pivot points. Read more through this site to learn more.

Here is a chart highlighting critical pivot points during the crash of 1929-32, or how Jesse Livermore made bank. Sure, fancy charts and tools he did not have, but we think in modern day times these are the pivot points Jesse Livermore would seek to profit from.

Livermore pivot points


You can see the Dow Jones Industrials was in a very strong Wyckoff 2.0 'mark down' phase between Oct 1929 and July 1932, an investor need only apply readtheticker.com Hurst Cycle and Gann Angles to expose the true trend 'pivot points' to exploit for profit. Become a member and research the current market for Jesse Livermore 'pivot points'. Gann, Hurst and Wyckoff tools have worked for decades. The more things change, the more they stay the same.

Below are some of Jesse trading rules:

1) Nothing new ever occurs in the business of speculating or investing in securities and commodities.

2) Money cannot consistently be made trading every day or every week during the year.

3) Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion.

4) Markets are never wrong – opinions often are.

5) The real money made in speculating has been in commitments showing in profit right from the start.

6) At long as a stock is acting right, and the market is right, do not be in a hurry to take profits.

7) One should never permit speculative ventures to run into investments.

8) The money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride.

9) Never buy a stock because it has had a big decline from its previous high.

10) Never sell a stock because it seems high-priced.

11) I become a buyer as soon as a stock makes a new high on its movement after having had a normal reaction.

12) Never average losses.

13) The human side of every person is the greatest enemy of the average investor or speculator.

Wishful thinking must be banished.

14) Big movements take time to develop.

15) It is not good to be too curious about all the reasons behind price movements.

16) It is much easier to watch a few than many.

17)  If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole.

18) The leaders of today may not be the leaders of two years from now.

19) Do not become completely bearish or bullish on the whole market because one stock in some particular group has plainly reversed its course from the general trend.

20) Few people ever make money on tips. Beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket.


More here: Jesse Livermore, Investing for dummies

This is a promotional video, no matter it is a good video about Jesse Livermore










NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

..."The game taught me the game. And it didn’t spare the rod while teaching."...

Jesse Livermore


My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.

Marc Faber




..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell"..

John Templeton


.."Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected"..

George Soros


.."October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February."..

Mark Twain




Created on: 5/22/2010 9:06:42 PM   Last Update: 2/19/2013 7:08:57 PM Posted by: RTT
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund



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