The Wisdom of Jesse Livermore, Part 7

Dave Landry
by Dave Landry,
Founder, Sentive Trading, LLC

In this week's edition of Trading Simplified, Dave shows his methodology in action with a recent "better-than-a-poke-in-the-eye" crypto trade and an open stock position where he's "free rolling", which is the secret to longer-term trading success. He then resumed his series on the wisdom of Jesse Livermore, focusing on how, while it's good to have an opinion on where a market is headed, you better wait for the tape to confirm. He talks the need to be patient before and during a trade, learning from your mistakes, plus much more.

This video was originally broadcast on June 7, 2023. Click anywhere on the Trading Simplified logo above to watch on our dedicated show page, or atthis linkto watch on YouTube. You can alsowatch this and past episodeson the StockCharts on-demand video serviceStockChartsTV.com-- registration is free!

New episodes of Trading Simplified air on Wednesdays at 12:00pm ET on StockCharts TV. You can view all recorded episodes of the showat this link. Go todavelandry.com/stockchartsto access the slides for this episode and more. Dave can be contacted atdavelandry.com/contactfor any comments and questions.

Dave Landry
About The Author:

Dave is a former President of the CMT Association, a market strategist, regular CNBC contributor, and educator. He blends technical analysis and behavioral finance to help investors manage risk. Learn More 

 Previous Article Next Article 

Read More

MEMBERS ONLY

Tech Taps the Brakes, Homebuilders Hit the Gas: See the Rotation on StockCharts Today

Tech Taps the Brakes, Homebuilders Hit the Gas: See the Rotation on StockCharts Today

Jayanthi Gopalakrishnan
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com

KEY TAKEAWAYS * The S&P 500 notched a tiny new high while mega-cap tech cooled. Check the Market Summary Factors and MarketCarpet to see the rotation. * XHB cleared its 200-day moving average, and precious metals rose. * With GOOGL, TSLA, and IBM on deck and housing data due, stay patient...   READ MORE 

MEMBERS ONLY

The Best Five Sectors, #28

The Best Five Sectors, #28

Julius de Kempenaer
by Julius de Kempenaer,
Senior Technical Analyst, StockCharts.com

KEY TAKEAWAYS * No changes in sector ranking composition this week, a rare occurrence * Technology sector continues to dominate, showing sustained strength * Industrials rotating out of leading quadrant but maintaining second-highest RS ratio * Financials and materials showing negative trends, potentially exiting top 5 Sector Rotation Stalls, Tech Remains King Despite a...   READ MORE 

MEMBERS ONLY

Week Ahead: NIFTY Violates Short-Term Supports; Still Tentatively Devoid of Any Major Triggers

Week Ahead: NIFTY Violates Short-Term Supports; Still Tentatively Devoid of Any Major Triggers

Milan Vaishnav
by Milan Vaishnav,
Founder and Technical Analyst, EquityResearch.asia and ChartWizard.ae

The Nifty traded in a broadly sideways and range-bound manner throughout the week, ending it with a modest decline. The Index oscillated within a narrow 276-point range, between 25144.60 on the higher end and 24918.65 on the lower end, before settling mildly lower. The India VIX declined by...   READ MORE 

Featured Articles

MEMBERS ONLY

Three Bearish Candle Patterns Every Investor Should Know

Three Bearish Candle Patterns Every Investor Should Know

David Keller
by David Keller,
President and Chief Strategist, Sierra Alpha Research

KEY TAKEAWAYS * The shooting star pattern indicates a short-term rotation from accumulation to distribution. * The bearish engulfing pattern suggests sellers have taken control, suggesting further weakness. * The evening star pattern is a three-candle formation that illustrates an exhaustion of buying power. There is no denying that the broad markets remain...   READ MORE 

MEMBERS ONLY

RGTI Stock Surged 30% — Is This the Start of a Quantum Comeback?

RGTI Stock Surged 30% — Is This the Start of a Quantum Comeback?

Jayanthi Gopalakrishnan
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com

KEY TAKEAWAYS * RGTI stock jumped 30% breaking out of a months-long sideways trading range. * RGTI bounced off its 50-day simple moving average and broke a downward-sloping trendline. * Alongside RGTI, other quantum computing stocks such as IONQ and QBTS also rallied fueled by optimism around the sector's progress. One...   READ MORE 

MEMBERS ONLY

Simpler Charts, Better Results? Use This Trick to Trade Smarter With Less

Simpler Charts, Better Results? Use This Trick to Trade Smarter With Less

Grayson Roze
by Grayson Roze,
Chief Strategist, StockCharts.com

Join Grayson as he shares how to streamline your analysis using custom ChartStyles. He demonstrates how to create one-click ChartStyles tailored to your favorite indicators, use style buttons to quickly switch between clean, focused views, and build a chart-leveling system that reduces noise and helps you stay locked in on...   READ MORE