Jesse Livermore
Tape Reading · Pivots · Trend Following
Livermore's central insight: the market is always moving in the direction that requires the least effort to push it. Learn to read which way that is.
Livermore's pivotal points are the precise prices at which a stock declares its intentions. Learn to spot the inflection before the crowd.
Livermore built fortunes by adding size to positions that proved themselves. Learn his pyramiding discipline and the math of compound positioning.
The big money is made by sitting, not by trading. Why the hardest skill in trading is doing nothing when nothing is what the trade requires.
Livermore was destroyed three times by failing to cut losses. His own laws were violated by his own emotions. Learn the rules he wrote in his own blood.
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