Because, most of those 95% are not trading they are gambling. She wants you to keep trading in and out because that’s how she earns her commission.So, the ideal customer for a broker is someone who trades all the time but doesn’t go broke. You can watch them, plan your trade and wait for an explosive breakout.There are many traders who take out their losses and negative emotions on the market itself, which, when looked at objectively, is ridiculous.Traders treat the market as if it is human, as if it has a personality. They simply follow the trends.

But it is not a game for the stupid, the mentally lazy, the man of inferior … He has been in the market since 2008 and working with Amibroker since 2011. So let’s say you buy another $1000 worth at $8. They’re among the 60% of trend trades that typically fail.There’s usually a fundamental reason why the stock has fallen and that’s why it will probably keep going lower or trading sideways for an extended period.In my opinion, this is another key rule and statement from the master trader, Jesse Livermore.You shouldn’t get caught up trying to understand why a market is doing what it’s doing.The financial news, reported on sites like Bloomberg and CNBC, will always have a reason for why the market did this and why the market did that, but 90% of the time these reasons are just made up statements, made after the fact.Financial reporters have a job to do, which is to report on the market. And while there is truth to this statement it does not fully reflect the situation. “The game of speculation is the most uniformly fascinating game in the world. They simply must focus on the direction of the trend and the strength of the momentum. And if you can’t make money on these leading stocks, then chances are the overall market might be deteriorating, and if that’s the case you should probably reduce your exposure and size.Having said that though, Jesse would say that you should never become completely bearish or bullish on the whole market just because one stock – in some particular – has plainly reversed. So if you have losing periods, never feel too bad, because they will always come.If you’ve got a winning trade, the best decision is often to do absolutely nothing and just sit tight.As long as the stock is acting right, and the market is right, do not be in a hurry to take profits. Plus, if your broker was that good at trading, she would be a professional trader instead of being a middle-man/woman.Second of all, if you get a tip from someone, you have no idea what their intentions are.

The 2007 housing crisis, where investors believed that house prices could not fall, was a prime example of this.I hope you have enjoyed this look into Jesse Livermore, his trading rules and strategies. Once the real move starts, and the big trend kicks in you can make the large profits extremely quickly and easily.This is another problem that many traders have. If there were fewer buyers than sellers he’d look to go short, and if he thought there were more buyers he’d look to buy.A good way to visualise this concept is to take a look at a short-term chart, like a 10, 30, or 60 minute. Then at some point, one side will take over, and you’ll see the price shoot in one direction. It says, don’t think about the market too deeply, don’t over think things.

And often, when a major market event takes place, the computer programs are programmed to turn themselves off.Jesse Livermore lived through the Great Depression and saw some of the most difficult trading conditions ever seen. You have to listen to what the market is telling you. If you’ve made a speculative play as Jesse suggests, don’t let that trade turn into a long-term investment.If the trade is doing poorly, it’s not wise to say that this is now a long-term investment so it doesn’t matter how low it goes. Or in other words where most of the buyers were and where the sellers were. This is a quantitative trend following strategy that shows a performance of 19% in historical backtests and is included with full code and rules. You wait for the trend to turn in your favour, so that you are sure that the momentum has changed and then you go with it.In this way, you always buy into strength and you always short into weakness.This almost goes against human nature but it’s the way trend traders make their money.If you take the time to look over any stock, you’ll find that prices trend, that is a fact of the markets that you can rely on. This is the trend following mantra.

Rather, let the opportunities come to you, so that when they are presented, the opportunity is so good you simply have to make the trade.You can see this clearly in the chart.

With time, you can start to trade with a clear and logical mindset, one that follows the trend following maxim.Once you make a trade, you should know your motives. He wants to increase that fortune at a faster rate and with less effort.”“It took me five years to learn to play the game intelligently enough to make big money when I was right.”“When some of my stock trading operations are given, you will notice I made my first trade… when the force of movement was so strong that it simply had to carry through.”“Speculation is far too exciting. If you do, you’ll go broke.You can see that the clear trend is up.

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