Investing Strategies

Jesse Livermore Money Management Rules

Jesse Livermore's Rules for Money Management

For all of those who may not know Jesse Livermore, he was one of the greatest traders of the 20th century. He started out in bucket shops and was later able to amass a fortune equivalent to billions of dollars today.

Take Profits - one of the biggest misconceptions on Wall Street

Taking Profits - Definition

When you start out in the trading game, you often will hear a number of pearls of wisdom. Keep your losses small, let your winners run, no one ever went broke taking profits. These anecdotes make trading sound so easy. One of the biggest reasons for so many losing traders on Wall Street is the fact they take profits too early.

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