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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: tntpal who wrote (43106)11/13/2021 4:27:30 PM
From: Sun Tzu1 Recommendation

Recommended By
tntpal

  Read Replies (1) | Respond to of 97293
 
"Obviously the thing to do was to be bullish in a bull market and bearish in a bear market. Sounds silly, doesn’t it? But I had to grasp that general principle firmly before I saw that to put it into practice really meant to anticipate probabilities. It took me a long time to learn to trade on those lines."

It seems obvious, everything that he says, doesn't it? But like he said, it takes time and suffering to really grasp it. As I said in my board when I posted Jesse's quotes, I understood the meaning of the sentence, but I was too green to benefit from it. Life is strange that way.



To: tntpal who wrote (43106)11/13/2021 11:47:08 PM
From: Sun Tzu2 Recommendations

Recommended By
ajtj99
tntpal

  Respond to of 97293
 
Notice how the core component of Livermore's trading was understanding the flow of funds, and not the "fair value."