Moreover, he adopted a buy-and-hold strategy in a bull market, selling the stock only when it lost momentum

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Moreover, he adopted a buy-and-hold strategy in a bull market, selling the stock only when it lost momentum. And it doesn't end there, Livermore spent a lot of time studying the fundamentals of the company, the market and the overall economy. He even separated successful investors from unsuccessful investors by the level of effort they put into investing. He was a long-time trader because he believed that short term traders eventually lose their capital.


Another key principle that he followed was analysis. He never fell for insider trading, that's when an associate of a company would provide you with insider information, as he was convinced that the only way to succeed was zimbabwe business email list to make your own independent analysis. That's why he was wary about where he got his information from and always recommended using multiple sources to verify the quality of the data.


If you're not applying these principles in your trading, you should consider it. These points are essential to the world of stocks trading, but not only, as they proved to be relevant to the financial markets as a whole. Livermore's quotes are to live by, just like his noteworthy publications, such as "How To Trade in Stocks". Another lesson worthy of remembering is that times might change, but the markets tend to repeat themselves, and that's why Livermore's principles and quotes are still highly applicable today.