Jesse Livermore - Reminiscences of a Stock Operator

[MrGecko]

TD you have missed the point by a country mile, and it seems to me that your admiration for Livermore is getting in the way of an objective discussion.

And save flexing your muscles for the bathroom mirror.

 

[trader_dante]

TD you have missed the point by a country mile

Yes we already established that. Sorry for not reading thoroughly before I responded. I am trying to trade for a living at the same time as arguing about a trader that has been dead for 70 years.

 

[Paddington_Bear]

I think Taleb is a tiresome d!ck but what he says here is spot on

Lol, though he does come across like that, he is a genuinely nice guy. I have had the pleasure of meeting him at a lecture; he's not completely arrogant, just set in his ways.

 

[trader_dante]

Update: February Crude now becomes a BUY at $36.20.

Just wanted to update on this.

As posted at the time, the Livermore Market Key indicated a BUY in February Crude at $36.20.

When the Feb contract expired the market was trading at $38.85. (a gain of $2.65)

The 19th Dec lows that were the reason for the entry were never broken.

One would be rolled into the March at $40.91 and this rallied to $48.59 for a further gain of $7.68.

So total move that the key provided was: $10.33 or 1033 ticks.

This is the second successful call that the Key has made.

So 2 calls. 2 wins

Again, I'll update as and when appropriate.

 

[chilltrader]

Just wanted to update on this.

As posted at the time, the Livermore Market Key indicated a BUY in February Crude at $36.20.

When the Feb contract expired the market was trading at $38.85. (a gain of $2.65)

The 19th Dec lows that were the reason for the entry were never broken.

One would be rolled into the March at $40.91 and this rallied to $48.59 for a further gain of $7.68.

So total move that the key provided was: $10.33 or 1033 ticks.

This is the second successful call that the Key has made.

So 2 calls. 2 wins

Again, I'll update as and when appropriate.

Well done!

You might trigger an avalanche of orders for Jesse's book on Amazon now

 

[trader_dante]

lol and depending on your interpretation of the key, it gave a SELL signal at $45.59 which is now $5 (500 ticks up) only I forgot to call that one as sidetracked by other things...

3/3...!

 

[superfly]

Market Key indicated a BUY in February Crude at $36.20.
The 19th Dec lows that were the reason for the entry were never broken.
So total move that the key provided was: $10.33 or 1033 ticks.

TD, what was the 19th Dec low in $xx.xx?
how much time between entry and high



thx

 

[trader_dante]

TD, what was the 19th Dec low in $xx.xx?
how much time between entry and high



thx

$33.20 was the low.

The high was made on the 26th January.

 

[N Rothschild]

just started reading his book and a few pages in something already jumped off the page that alot of traders should take not of, espcially in these times.

"Another lesson I learned early is that there is nothing new
in Wall Street. There can't be because speculation is as old as
the hills. Whatever happens in the stock market today has
happened before and will happen again."

 

[dwaine]

Hey TD

ill be following your findings with great interest and i hope to devulge a few of my ideas and thoughts regarding Livermores Market Key in more detail later....very tired now

regards

dwaine

 

[Sir Pond Life Dreg]

 

[rawrschach]

what

i always thought rothschild and toast were the same person

 

[Sir Pond Life Dreg]

what

i always thought rothschild and toast were the same person

We are.

 

[The Leopard]

what

i always thought rothschild and toast were the same person

No we're not.

 

[Sir Pond Life Dreg]

No we're not.

We're not?

 

[The Leopard]

We're not?

Don't think so. Let me check the tag in my underpants.

 

[The Leopard]

Says here I'm Mike Sloobalappy (AKA Mahmoud Baghosloppies), winner of the "Funniest Webinar Award 2012".

 

[Sir Pond Life Dreg]

Don't think so. Let me check the tag in my underpants.

Just look for stains around the gusset....they'll be mine then.

 

[The Leopard]

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[brewski1984]

How many of you are teh hare?