During my hibernation period, i read this great book "How to trade in stocks" by Jesse Livermore. It was a excellent book that was written by the man considered to be the world greatest trader.
It is ironic that the trading philosophy of a man which died in 1940 is still highly applicable. You have to adjust and filter certain ideas due to changes in regulatory and market environment. However, the main and important concepts are still highly applicable because greed, fear, ignorance and hope still exist in the market. (He is primarily a Trend / Breakout trader)
This is a must read book for any trader, trader wannabe in which i am sure you will gain valuable information on trading and i leave you with this quote by him
"Wall Street never changes, the pockets change, the stocks change, but Wall Street never changes because human nature never changes" - Jesse Livermore
Discussion Box
The Whipsaw Song - Ed Seykota (Trading rules embedded into a song)
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