THR 0.00% 1.5¢ thor mining plc

from the bible

  1. 7,106 Posts.
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    Courtesy from Nobby-Clarke EXM thread Jul 16 on Jesse Livermore's strategy .......paragraph .... what 40 years experience has taught me the hard way ......... u play the MARKET TREND not so much the stock daytrade, and u give the stock enough TIME to reach maturitym so long as the market allows u ....... and reckon we are in one hecova resources now which will spoil most of the inexperienced into thinking how easy it is .......


    $$$$$The greatest amount of money is made following the major trends - not in the day-to-day fluctuations of a stock or in a particular commodity. This fact was later compounded by his experience during the 1901 bull market. He had always been able to call significant bottoms in the stock market and had always be able to initiate long positions at the most opportune time. And yet, he would always sell his long positions after only making 10% or 20% hoping he will be able to get back in at lower prices. This usually does not happen. He eventually learned that in order to make money in the stock market, one will need to adopt a buy and hold strategy in a bull market and only sell when the bull market is on its last legs$$$$$$$.
 
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