Why Jesse Livermore failed as Trader ?

“A stock operator has to fight a lot of expensive enemies within himself.”
– Jesse Livermore
As Old saying says Learn from the mistake of other so as you do not have to repent again. Jesse Livermore was a pioneer in the trading world. He was one of the very first trend traders, rule based discretionary traders, and traders of pure price action. He was a trail blazer as many consider his the best stock trader of all time. Fact is he committed suicide and died almost penniless. So what lead to the downfall of great traders of all time. Lets learn from this and apply in our trading so as to emerge as WINNERS.

• Letting losers run: Many times he did not cut his losses. “I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.” – Jesse Livermore

Lack of..

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