Uptrend Under Pressure 93
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 93/100 · 7 distribution days (SPY) Sep 11 Full briefing →
Academy path

Jesse Livermore

Tape Reading · Pivots · Trend Following

5 sessions · ~57 min total
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  1. You'll be able to: Name the line of least resistance on a daily chart.

    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.

    11 min · lesson + quiz + exercise

  2. Pivotal Points — Catching the Real Move PRO

    You'll be able to: Distinguish a pivotal point from ordinary congestion.

    Livermore's pivotal points are the precise prices at which a stock declares its intentions. Learn to spot the inflection before the crowd.

    12 min · lesson + quiz + exercise

  3. Pyramiding — Adding to Winners, Never to Losers PRO

    You'll be able to: Plan an add-on that never averages down.

    Livermore built fortunes by adding size to positions that proved themselves. Learn his pyramiding discipline and the math of compound positioning.

    12 min · lesson + quiz + exercise

  4. The Psychology of Sitting Tight PRO

    You'll be able to: Recognise the impulses that end trades early.

    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.

    11 min · lesson + quiz + exercise

  5. Cutting Losses Without Emotion PRO

    You'll be able to: Set the loss point before the position exists.

    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.

    11 min · lesson + quiz + exercise

When you finish

Take it to the tape.

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Sessions 2–5 require a Pro subscription.

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