📉 The 12 Trading Rules of Jesse Livermore
Why 90% of traders still ignore them
These are not pretty phrases.$ENSO
They are rules written with bankruptcy, fatal mistakes, and decades of market experience.
Jesse Livermore survived where most went bankrupt. And he left a clear map:
1️⃣ Never add to a losing trade
Averaging down is how accounts get destroyed.
2️⃣ Always have an exit plan
Without a stop-loss, you are not trading, you are gambling.
3️⃣ Cut losses quickly
Small losses keep you alive. Big ones eliminate you.
4️⃣ Let winners run
Wealth does not come from small trades; it comes from big moves.$C98
5️⃣ Wait for market confirmation
Your opinion does not matter until the price validates it.
6️⃣ Hope is deadly
If you 'hope it comes back,' you are already out of the game.
7️⃣ Don’t bet everything
Without capital, there is no second chance.
8️⃣ Don’t fight the trend
The market always wins that fight.
9️⃣ When in profit, do the hardest thing: nothing
Overtrading kills big trades.
🔟 If in doubt, don’t enter
Not trading is also a profitable decision.
1️⃣1️⃣ Only scale up when you are winning
Add to strength, never to weakness.
1️⃣2️⃣ Protect your capital like your life
Because in trading, your capital is your life.
📌 Most do not lose due to lack of strategy.
They lose for not respecting simple rules. $CHESS
