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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 Wall Street works

6. How to win in the stock market

7. Commandments to follow

8. 10 Rules for Investing

9. How to survive a stock market crash

10. William J ONeil, CANSLIM

11. Barry Ritholtz keep it simple stupid

12. Gerald Loeb how to win

13. Paul Tudor Jones II

14. Felix Zulauf

15. Sir John Templton

16. Jordan Belfort

17. Warren Buffett

18. Reading the tape

19. Indicators Introduction

20. Richard Ney method

21. Richard Wyckoff method

22. Richard Wyckoff Waves of Price and Volume

23. Richard Wyckoff is a success story

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

25. Richard Wyckoff studied Jesse Livermore

26. Bob Evans, renowned Wyckoff teacher

27. Tim Ord, Secret Science of Price and Volume

28. William Gann method

29. William Gann life story

30. William Gann Law of Vibration

31. Jim Hurst method

32. Wyckoff method improved1

33. Wyckoff method improved2

34. Original Wyckoff and Wyckoff 2.0

35. Wyckoff 2.0 vs Others

36. Wyckoff 2.0 and Volume Spread Analysis

37. Powerful Patterns

38. Elliot Waves

39. Price Action

40. Market Statistics

41. Cycles for short term speculation

42. Stop Loss methods

43. Alpha Stock Scanner

44. Swing Scanner

45. Flash Charts

46. RTT Market Timer

47. RTT Wyckoff Short Term model

48. Chart Drawing Tools

49. Standard Indicators

50. Proprietary Indicators (PI)

51. Multi Time Frame (PI)

52. PI: RTT TrendStatus

53. PI: RTT Squeeze

54. PI: RTT TrendPower OBV

55. PI: RTT On Balance Volume

56. PI: RTT VolumeWave

57. PI: RTT Rainbow Bands

58. PI: RTT Volume

59. PI: RTT MarketPulse

60. PI: RTT Steps of Cause and Effect

61. PI: RTT Wyckoff Strength Weakness

62. PI: RTT Wyckoff Price Waves

63. PI: Proprietary Indicators Caution

64. What we do - 1st

65. What we do - 2nd



         



Indicator Library
Jesse Livermores Secret To Success

Who was Jesse Livermore (1877 - 1940) ?
Jesse Livermore
Time 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 what works in the market.




Back to topic ..

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










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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...

...“After spending many years in Wall Street and after making and losing millions of dollars, I want to tell you this:  It never was my thinking that made the big money for me.  It was always my sitting.  Got that?  My sitting tight!”...

Jesse Livermore


.."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


.."A lie told often enough becomes the truth"..


Vladimir Lenin

.."Just because you’re taught that something’s right and everyone believes it’s right, it don’t make it right."..


Mark Twain

..."If you don't read the newspaper, you're uninformed. If you read the newspaper, you're mis-informed."...


Mark Twain




Created on: 5/22/2010 9:06:42 PM   Last Update: 4/30/2020 1:55:20 AM 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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