Many here think of Livermore as one of the greatest traders ever. So, what happened to him? After making millions being short in 1929 and 1930, he reversed and bought heavily too soon, as the market sank to one new low after another... he must have ignored his most amous axiom...
CUT YOUR LOSSES
LET YOUR PROFITS RUN
Jesse Livermore
Started by
wyocowboy
, Oct 24 2008 01:11 AM
1 reply to this topic
#1
wyocowboy
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Posted 24 October 2008 - 01:11 AM
Good luck is with the man who doesn't include it in his plan.
- Graffitti
- Graffitti
#2
dcengr
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- Traders-Talk User
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Posted 24 October 2008 - 01:37 AM
Why cut your losses when you can add to a losing position and go broke twice as fast?
Qui custodiet ipsos custodes?
