Many people think trading is about big moves in and out, daily operations.
Wrong! Livermore tells you the truth: Real big money has never been in frequent trading, but in waiting. Trends don't appear every day, but when they do, they're enough to keep you full for a year. What mature traders do in a year: Most of the time: wait, wait for structure, wait for confirmation, then: hold tightly. Their belief is simple and straightforward: 1. Large-scale emptying/clearing positions 2. Wait for perfect structure 3. Trend confirmed → Hold steady If you don't wait, you die; if you wait, you live.
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Many people think trading is about big moves in and out, daily operations.
Wrong!
Livermore tells you the truth:
Real big money
has never been in frequent trading,
but in waiting.
Trends don't appear every day,
but when they do,
they're enough to keep you full for a year.
What mature traders do in a year:
Most of the time: wait,
wait for structure,
wait for confirmation,
then: hold tightly.
Their belief is simple and straightforward:
1. Large-scale emptying/clearing positions
2. Wait for perfect structure
3. Trend confirmed → Hold steady
If you don't wait, you die;
if you wait, you live.