"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
Jesse Livermore first became famous after the Panic of 1907 when he sold the market short as it crashed. He noticed conditions where a lack of capital existed to buy stock. Accordingly, he predicted that there would be a sharp drop in prices when many speculators were simultaneously forced to sell by margin calls and a lack of credit. With the lack of capital, there would be no buyers in sight to absorb the sold stock, further driving down prices. After the crash and its aftermath, he was worth $3 million.
This library is designed around Jesse Livermore’s book, “How to Trade in Stocks,” and his secret rules to stock market success.
The Jesse Livermore Library contains an unbeatable set of trading tools, including 8 functions, 3 chart pages and 4 indicators to help you easily apply Livermore’s trading concepts to your trading strategy.
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