Don’t look down on the trader who has blown up an account. Look at them as a fierce competitor. Their knowledge is in the form of scars. Their experience of what not to do is invaluable. I think that made Livermore a true speculator. Fortunes won and lost but he is always in the game learning to be his best.
Don’t look down on the trader who has blown up an account. Look at them as a fierce competitor. Their knowledge is in the form of scars. Their experience of what not to do is invaluable. I think that made Livermore a true speculator. Fortunes won and lost but he is always in the game learning to be his best.
Exactly. What impressed me most was his resilience, and also his self-awareness, especially how he analyzed his mistakes without ego.
Great book!
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So timely! Your psychology insigts are spot on, again.
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