$BTC Livermore went bankrupt four times in his life, yet made over $100 million from a single short position in 1929.
He summed up his advice in one sentence: If you're losing, cut your losses immediately; if you're right, sit tight and wait for the big gains.
Last night, BTC rose from 81,277 to 83,331: once you've got the direction right, having the nerve to sit tight is the real skill.
Trading lessons series (5). Personal opinion/compilation; not investment advice. 📌Follow me to watch the market recap every night at 8.
He summed up his advice in one sentence: If you're losing, cut your losses immediately; if you're right, sit tight and wait for the big gains.
Last night, BTC rose from 81,277 to 83,331: once you've got the direction right, having the nerve to sit tight is the real skill.
Trading lessons series (5). Personal opinion/compilation; not investment advice. 📌Follow me to watch the market recap every night at 8.