Wednesday, October 10, 2007

Getting signs from the market

Hi there again,

Having recently read information on a trader called Jesse Livermore, he explains about things such as the market giving you confirmation for what you think will happen in the market.

It's interesting to see that there's indicators in the market that may be present and can help you to time entry into and exit from the market.

Jesse Livermore studied the stock market all his life, and made and lost millions.  He said that he lost the money when he didn't follow his own advice, his own rules on when to get in, and when to get out.  That is, he listened to someone giving him a "hot tip" and got into the market, when it all turned out to be speculative gossip.

Since Jesse Livermore was a very successful stock market speculator of his time, and made a lot of money when the market was difficult, such as during a crash, I feel I must now do some research into what these indicators are, and then how likely they are to help me, and to what amount of accuracy they may do so.

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