The stock trading rules of Jesse Livermore, the king of speculation (the same applies to the currency circle)

1. Buy stocks that are rising and sell stocks that are falling.

2. Don’t trade every day. Only trade when the market is clearly bullish or bearish. The trading direction is consistent with the overall market. If the overall market is rising, go long; if the overall market is falling, go short.

3. The trading pace must be coordinated with the key points of time and price.

4. Wait for market changes to prove your point of view before trading; trading will be more expensive and faster.

5. If there is a profit in the transaction, continue to hold it; if there is a loss in the transaction, close it as soon as possible.

6. When it becomes clear that the original profit-making trend has ended, close the trade.

7. When doing stocks, be the leader—the one with the strongest trend.

8. Never share a loss-making position equally, for example, if a certain stock has been trapped and you continue to buy it.

9. Never call for margin, simply close the position and accept the loss.

10. When the stock price reaches a new high, buy and go long; when the stock price reaches a new low, sell and go short.

11. If the stock falls, let it go. Don’t become a shareholder by speculating on stocks.

12. Never buy because the stock price is too high; never sell because the stock price is too low.

13. Opinions are always wrong, but the market is always right.

14. The most profitable trades often start with a paper profit.

15. There are no surefire trading rules.