Metadata
- Document Tags: books trading
- Summary: The text discusses trading in stocks using the Livermore Formula, emphasizing the importance of patience, recognizing pivotal points, and recording price movements to anticipate market changes accurately. Livermore’s method involves waiting for key price levels, tracking price trends, and making informed trading decisions based on these observations. By following this approach, traders can potentially increase their profits by understanding market patterns and making strategic moves at the right time.
- URL: https://readwise.io/reader/document_raw_content/158496535
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- Note: Human weaknesses in speculation game
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- Note: Important, this is how Jesse understand about the market. And how he picks his confirmation
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- Note: The right mental model, when it comes to psychology of trading.