Jesse Livermore’s #1 Trading Secret in This 100-Year Old Book

Sami's eBook: www.t3live.com... (Unsexy Trend Analysis Essentials)
In this trading tips video, learn:
-The most important thing Sami Abusaad learned from a #tradingbook
-How to translate #tradingpsychology into charts
-Sami’s #1 trade management lesson learned from the great #jesselivermore
-Sami’s biggest lessons from Edwin Lefèvre’s Reminiscences of a Stock Operator, which is one of the greatest #trading books of all time
-How this relates to the Trading the Pristine Method® Sami uses
-How psychology relates to #technicananalysis
-Why hope and pain are so important to understanding your own trading
-What happens when you operate out of fear
-Why our human survival instinct can hurt our trading
-Sami’s favorite quote from Jesse Livermore
Sami's eBook: www.t3live.com... (Unsexy Trend Analysis Essentials)

[@t3live]

Sami's eBook: www.t3live.com/sami-unsexy-ebook-youtube (Unsexy Trend Analysis Essentials)

[@maxmaxi9298]

Thank you so much as what you said makes so much sense as it made me now a better trader I cannot thank you enough

[@richardwrynn824]

Depending on the trading style going all in on any trade puts extreme pressure on the psyche as soon as you buy. Then the risk is so big that fear is already in control. Being indecisive is the worst symptom of fear it's like a hypnotic state that results in huge losses. Have a plan with price targets and keep playing it out in your mind if A happens I will do B, and so forth. Great lesson nothing has really changed since Livermore only the technology.

[@907Blademan]

That sliding the slide in the slide show was the very best illustration of the lesson I’ve heard you teach many times! Sharing with my kids it’s such a valuable lesson and taught by the best! Thanks Sami! 👊

[@arashsatterman9917]

Many videos I have seen about traiding.. YOURS is one of the best especially this one with Jessie L. WOW! Awsome

[@helenasabova6602]

One of the best videos ever. Soooo valuable, a true eye opener....thank you so much.

[@t3live]

So glad, thank you Helena

[@salamrahman7233]

Thank you. Really useful information.

[@anthonyballog8026]

Thank you, thank you, thank you. We know he used point and figure. I agree 100% it is the ultimate chart. In his day there were no computers and doubt if he used candles the way we can. I combine the two. I have a watchlist and when I need a trade 1st will look at the chart on point and figure to make sure the stock is in a column of O's (meaning it came down) then I will look at the candle and make sure it is a long tail down. At the beginning my stops will be the pivot from the previous candle. Historically and with great probability three box breakouts on point and figure sets the trend (the trend is your friend and no chart shows the short and long term trend better than point and figure). This video helped me greatly on understanding pivots. I will get out if the previous candle pivots and if a three box breakout happens three box pivots with a trailing stop is my target. Thank you, Thank you, Thank you.

[@sillymesilly]

What is the size of your PnF chart? 1 points, 3 points? 14ATR?

[@907Blademan]

Think before you enter a trade, is it a scalp or a hold, and where will I be hoping as well as fearful

[@ShoresOfHelll]

Amazing video. I have the book and will start reading it soon.

[@arashsatterman9917]

You mention in the video about Pivot? Which video do I find it in?

[@abecereno]

Thank for this wisdom.

[@SarkisKlinik]

Hi, How to differentiate a phase 3 distribution or phase 4 mark down from a stock correction ?which stage now Nvidia is in? Thanks

[@SarkisKlinik]

@@HansSchick I do not agree with Jesse. Charting is Number one thing you have to keep learning. Look at the growth stock Crowdstrike which went recently 50 % dropdown all of a sudden, imagine if Jesse and you had 100 K invested there, that would be 50 K loss overnight. Without charting , its ok but you have to keep your investment at least for 2 years to 5 years. Without charting ,even the smallest decline would cause you several thousand dollars loss.

[@SarkisKlinik]

@@HansSchick Just a little bit ,it is too dense. What`s the point of it?

[@lutar6960]

this video was the reasons youtube was invented for. god bless you man

[@t3live]

Thank you. God bless you too!

[@jeremyexalted8572]

Great stuff for me, a newcomer 😊

[@TechnoRiff]

Just an observation - this "wrong" thinking seems to be born of mean reversion expectations which sometimes might be appropriate though not always. How could we reconcile that?

[@VirtualVault0]

as i was watching this video this was exactly happening 8:42.. iam new to trading and my emotion def gotten in my way, that part has happened too many times, and ive started small with only 150$ and was at 69$ last night now back to 80$, if it was not for my emotion last night i wouldve won a big trade, and one on going trade which was around 30-40$.. instead i got out to break even, and lost a bit of money on fees

[@sillymesilly]

On the first example @9:42, after you exit. You can enter again.

[@TBradFashionModel]

29:40----> INTC trade, same concept, and listened to a voice who talked me into selling, then watched INTC ZOOM $10.00 higher,.....block out noise during trading session...yet, my entry on your slide example would have been the 20MA touch or as close to touching, stop below......

[@Bev5000]

Love this thank you.

[@ridzuanali1919]

Thank you, Sami. Take care. Stay safe.

[@indrajithsuji5663]

Thanks

[@bibbidi_bobbidi_bacons]

🤘🏼

[@Joshua_Cruz]

Thank you ❤

[@gabrielrodriguez821]

Over and over again we all see trapped traders run for the exits before a massive reversal. Staying in depends on if you know the stock levels and behavior better than the randoms that took a day trade. If you don't know take the loss and move on.

[@whatislifebro]

There are 15 comments. On golden video. 15 comments.

[@_noname617]

Hope, wish and pray = terrible trading strategies

[@vikky867]

A barbarian can also transform..easily than a trader whoa stuck in non 🛑 stop fear claustrophobia..

[@toddalberes9249]

Double dip

[@sillymesilly]

That simple