How was trading 100 years ago?

S

Simbad

I recently read Jesse Livermore's book "How to trade in stocks". Today, we have data on the prices every seconds, even every milliseconds. How was it in Livermore's times? I remember him writing one should avoid intraday but why? Today we have so much data that one can profit from trend in intraday too.
Did they have less data back then?


Thank you
 
Simbad said:
I recently read Jesse Livermore's book "How to trade in stocks". Today, we have data on the prices every seconds, even every milliseconds. How was it in Livermore's times? I remember him writing one should avoid intraday but why? Today we have so much data that one can profit from trend in intraday too.
Did they have less data back then?
More...

Higher commissions and slower quotes would have made intra day trading alot harder.
The exception was the bucket shops which appeared to price entries and exits off the 'delayed' feed.
 
southall said:
Higher commissions and slower quotes would have made intra day trading alot harder.
The exception was the bucket shops which appeared to price entries and exits off the 'delayed' feed.
More...

Do you think that having less frequent quotes makes you think in a more long-term trend perspective?
 
Livermore was very outspoken on day trading, he saw it as a mugs game, and there was plenty of that even back in his day. Livermores core theme was that the big $ was made in holding wining positions as long as they are acting right, not from flipping stocks intraday.

Not trying to knock short term trading - it has it's place. I do some myself when the ducks are lined up in a row.

Livermore_Sitting.PNG


JL.PNG
 
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