Lesson from the Greatest Traders of all Time

Lesson from the Greatest Traders of all Time

10 Stock Trading Principles Quotes

Stock Trading Quote 1:     

“Whatever moves fast always appeals to me. I have learned patience and how to sit tight”   

Stock Trading Quote 2:   

“When a stock is going up no elaborate explanation is needed as to why it is going up”  

Stock Trading Quote 3:   

“Prices, we know, will move either up or down according to the resistance they encounter. For purposes of easy explanation we will say that prices, like everything else, move along the line of least resistance. They will do whatever comes easiest, therefore they will go up if there is less resistance to an advance than to a decline; and vice versa.”  

Stock Trading Quote 4:   

“Real movements do not end the day they start.  It takes time to complete the end of a genuine movement”  

Stock Trading Quote 5:   

“All I had to do thereafter was sit tight and let the market run its course, knowing if I did so, the action of the market itself would give me the in due time the signal to take my profits”  

Stock Trading Quote 6:   

“I think the clearest summing up of the whole thing was expressed by Thomas F. Woodlock when he declared: "The principles of successful stock speculation are based on the supposition that people will continue in the future to make the mistakes that they have made in the past."”  

Stock Trading Quote 7:   

“Fear and hope remain the same; therefore the study of the psychology of speculators is as valuable as it ever was. Weapons change, but strategy remains strategy, on the New York Stock Exchange as on the battlefield.”  

Stock Trading Quote 8:   

“At. first, when I listened to the accounts of old-time deals and devices I used to think that people were more gullible in the l860's and '70's than in the 1900's. But I was sure to read in the newspapers that very day or the next something about the latest Ponzi or the bust-up of some bucketing broker and about the millions of sucker money gone to join the silent majority of vanished savings.”  

Stock Trading Quote 9:   

“I knew he had been in the Street for years, way back in Civil War times, and somebody told me that he was a very wise old codger who had gone through so many booms and panics that he was always saying there was nothing new under the sun and least of all in the stock market.”  

Stock Trading Quote 10:   

“I trade on my own information and follow my own methods.”

Have you ever wondered what the best stock traders do differently?

Did you ever wish you had studied some of the famous traders?

Did you ever wanted to learn the Jesse Livermore Trading System?

Did you ever wanted to learn Jesse Livermore Rules?

Did you ever wanted to learn from the best stock market traders?

Have you ever wondered who are the most successful stock traders?

Did you ever wanted to learn Jesse Livermore rules?

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This is a course that studies some of the most famous and successful stock traders in history.  We will learn from these great stock traders and what makes them the best stock traders to study in terms of their trading strategy.  I think these world-famous stock traders did a couple of things differently than most of the traders of our time. 

Also, in this course we will talk about how a successful trader looks at the stock market and we can learn also learn how to be a good stock trader from the greatest traders.  I don’t believe that this is an easy way to learn about stocks, but if are willing to learn from the mistakes of these most successful traders of all time I think you too can become a better trader.

Even if are an expert in the market I think using some of the approaches from the great traders will take some learning to trade stocks in a different way.  I think you would also look at the market in a different way after learning from these great traders.  In addition, we would also look at the best individual stocks that were traded as part of a case study by learning from the best stock traders in history.   

What you will learn:  

• You will gain a historical context of the time periods of the great stock market traders

• We will talk about the concept of speculation and understanding how to trade stocks using speculation

• How to be more self-reliant in your own assessment of the stock market

• Learn stock trading from the perspective of the best traders

• Learn Jesse Livermore Strategy

Trading might look easy since there is low barrier to entry.  However, I think the greatest traders of all time would have a different assessment of the stock market.  Their approach to the market I think is very different than what has been traditionally taught.  In this course we will look at Jesse Livermore's methods of trading in stocks as I have read all of the Jesse Livermore books.  I have thoroughly read both the Jesse Livermore How to Trade in Stocks and Jesse Livermore Reminiscences of a Stock Operator.  I especially liked the Jesse Livermore book Jesse Livermore How to Trade in Stocks.  As you probably know he was known as the great bear of wall street.

We will talk about the following:

• How the methods learned in this class is applicable in all markets

• In the stock market how holding for the long term is better for your portfolio

• How not to be disturbed by the short-term fluctuations in the stock market

• How you should not jump into any stock and rather wait to see if they meet your criteria

Livermore Quotes

2 More Stock Trading Quotes

Stock Trading Quotes on Waiting

"But I sat tight and instead of listening to my loudmouthed hopes or to my clamorous beliefs I heeded only the level voice of my experience and the counsel of common sense"

"And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!" 

I think it’s important to understand that the most successful traders of all time had a different approach to the stock market.  They were not trading in and out of the market every day.  They waited for the right stock to come along and if bought that stock then they weren’t disturbed the short-term stock market fluctuations.

We will cover the following:   

• How to become a successful trader in stock market by learning from these great traders

• How to find good stocks to trade by creating your own method

• How to build your own rules and philosophy about the market

• How thinking for yourself and become self-reliant in the stock market is an important quality

This course will go in-depth into famous stock traders and their teachings as well their philosophy about the stock market.  We will also talk about how to build your own system with rules based on the teachings and ideas from the best traders of all time.  We will talk about how it’s important to be in the sideline most of the time.  You should not be in the market all the time because you need to guard your capital. 

Great traders looked at the stock market differently and their view of the market is often different than our own.  In the modern times, there is large weight given to looking at the fundamental information about the company and thinking there is a correlation between the stock and the company.  One thing to keep in mind is that the best stock traders in the world looks other factors that is directly impacting the stock itself.  

In this course we will also over some of the lessons from Dickson G Watts and Speculation As a Fine Art and Thoughts on Life.  We will also cover Jesse Livermore Trading and Jesse Livermore Trading Rules.  If you don't want to read all of the trading books this course might be better than a reminiscences of a stock operator summary.

Learn to stock trade from some of the greatest stock traders.  In this course, we will cover how to create a mechanical trading system.  This system should tell you when to buy, when to sell and how much to buy.  I think those are some great questions the greatest stock traders ask before even buying that stock.  I think it’s worth saying it again that they calculate how much they will lose even before they buy the stock.   

Trading personality assessments and the importance of personality as well as temperament on your trading success.  We will cover some of the most frequently used personality assessments.  I think your trading style should match your personality.  You should ask yourself whether you are a technical trader or a fundamental trader and I think the different personality assessment will tell you more about yourself and I think based on that you can build your best trading strategy.       

Case study of two different stocks are going to be discussed in the course.  We will talk about at what point I started buying the stocks and when was it sold out.  I will also talk about the tool I used to automatically sell out of a losing stock.   

This course is a good way to learn about the great traders all time since they can provide valuable insights into market.  As you are probably aware of it by now most successful stock traders do things a little differently than most other people.  We will talk about the strategies and methods used by the   greatest traders in the stock market.    

Lesson from the Greatest Traders of all Time

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What you will learn

• Learn from some of the greatest traders
• Learn the trading philosophy
• Learn the trading lessons

Rating: 3.9

Level: Expert Level

Duration: 2 hours

Instructor: Quantitative Investor