Jesse Livermore - Wisdom Of Truth

People always asked me about entry and target prices. I usually don't give because me myself don't know when is a good price until I monitor the stock closely. It's like comparing a specialist and a general practitioner. I give general outlooks on stocks and thereafter to make more $$, I would need to turn into the specialist mode to delve deeper on the supply/demand zone. I remembered reading Jesse Livermore's "Reminiscent of a Stock Operator", he inspired me because he's the best in the world. He wouldn't give you anything about a stock. He would just tell you bullish or bearish and you decide on your own. To me, that's the ultimate truth in trading. I never see people making a million dollars relying on tips. Instead those people who made it are those who did it all from scratch. In that book, he also mentioned that a normal public love to get something for nothing with no effort. "He doesn't wish to work. He doesn't even wish to think, it's too much bother." This quote itself is self explanatory on the public's mind and thinking. For myself, I love to work and not waiting for something to drop from the sky. That's my attitude, living everyday with goals and helping as many people as I can. I hope for those who come for my course can buy a life long skill and learn how to fish a life time and not waiting for my fish. Because one day I maybe gone, and there won't be another Ronald K. By that time, it's only you that can help yourself. :)

Ronald K - Market Psychologist - The Big Speculator

Jesse Livermore - Rules And Principles

I am a strong believer in solid trading rules and principles. If one has a good method but not a sound money management rule, then he's back to square one again where money will be made and lost. Of course, my rules is a little different from Jesse Livermore but nevertheless I am beginning to incorporate some of his tactical rules into my game plan. I shall see how it turns out. :) Ronald K - Market Psychologist - The Big Speculator

Jesse Livermore - Reminiscences Of A Stock Operator

Last night while imbibing some wine and enjoying the night scenery, a book on my book shelve caught my attention. It is "Jesse Livermore - Reminiscences Of A Stock Operator". This book was given to me as a gift from Eng during my last seminars and ever since I had been reading it whenever I got some time to spend.

Chapter 7 caught my attention where it talks about the adroitness, artifice, attitude and the street smart intelligence of great operators. It also mentioned about Jesse work ethics towards the stock market where he would study, practice and execute ingenious stratagem to see whether his judgment was right or wrong. Attached is an excerpt from the book itself. It's a short chapter but it's a must read for all who inspire to be a stock operator.

To me, this was all an important chapter because there were some highlights about probing, watching, losing and paying $ to the market to learn lessons and more importantly timing. All these are intangible elements towards becoming a hallmark stock operator and while we cannot do as well as BBs, we can improve our bargaining power and make good gains by selecting stocks they are shorting/longing and timing our purchases and sales to theirs. That in a nutshell has been the central theme of my strategy and blog.

Ronald K - Market Psychologist - The Big Speculator