Jesse Livermore - Market Key

Quote from Compulsive:

Here we go agaiin...LIVERMORE the great trader....divorced three times. bankrupt 4 times and "dies" (sounds better than suicide) flat broke.....sounds like a winer to me :cool:
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The other side of the coin? I agree with what you have stated.

Look at the information YOU have available now in terms of charts, transparency, brokers etc....

People are struggling now, 2008?

Livermore was a 'great'.
 
Quote from Dackster:

The other side of the coin? I agree with what you have stated.

Look at the information YOU have available now in terms of charts, transparency, brokers etc....

People are struggling now, 2008?

Livermore was a 'great'.
More...

In spite of many ET wannabes who contend/hope that certain traders can consistently cream the market.... the fact is that the huge majority of trading decisions are 50-50 in probability of working out.

Consider that for every buyer, there is an equally convinced seller (excluding market makers, of course). ONE party to the transaction is always wrong.

And over a long time, it's difficult to be consistently on the winning side of a 50-50 proposition regardless of how clever you believe yourself to be.
 
Quote from gnome:

In spite of many ET wannabes who contend/hope that certain traders can consistently cream the market.... the fact is that the huge majority of trading decisions are 50-50 in probability of working out.

Consider that for every buyer, there is an equally convinced seller (excluding market makers, of course). ONE party to the transaction is always wrong.

And over a long time, it's difficult to be consistently on the winning side of a 50-50 proposition regardless of how clever you believe yourself to be.
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This is all based on your perspective and not how the market works.....totally different worlds.
 
Quote from Dackster:

The other side of the coin? I agree with what you have stated.

Look at the information YOU have available now in terms of charts, transparency, brokers etc....

People are struggling now, 2008?

Livermore was a 'great'.
More...

If you say so :cool:
 
Quote from Dackster:

This is all based on your perspective and not how the market works.....totally different worlds.
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By all means, please tell us "how the market works"..
 
Quote from gnome:

By all means, please tell us "how the market works"..
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What's the point, you've got your post in explaining everything, you carry on....


Are you uncertain of your view?
 
Quote from Dackster:

What's the point, you've got your post in explaining everything, you carry on....


Are you uncertain of your view?
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Come on, come on.. no weaseling out... if you're going to make statements like that, best be supporting them... otherwise there will be those who CALL BULLSHIT on you...
 
Quote from gnome:

Come on, come on.. no weaseling out... if you're going to make statements like that, best be supporting them... otherwise there will be those who CALL BULLSHIT on you...
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You think every quote is split 50:50 on the bid/ask between buyers and sellers?


Now, can you explain YOUR bullsh!t?
 
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