In this week’s edition of Trading Simplified, Dave shows his methodology in action by walking through the ups and downs of a recent trade and why you must follow your trading plan through thick and thin. He also introduced a new mystery chart that shows promise. He then resumed his series “The Wisdom Of Jesse Livermore,” explaining that Livermore had a great philosophy when it came to trading, but did not always follow it. Further, in spite of his “walk on water” status, he was a troubled individual. The takeaways included not getting angry at the market, being careful not to “transfer” knowledge, the map is not the territory, learning from your mistakes, the perils of paper trading, and the importance of being patient.
This video was originally broadcast on April 26, 2023. Click anywhere on the Trading Simplified logo above to watch on our dedicated show page, or at this link to watch on YouTube. You can also watch this and past episodes on the StockCharts on-demand video service StockChartsTV.com — registration is free!
New episodes of Trading Simplified air on Wednesdays at 12:00pm ET on StockCharts TV. You can view all recorded episodes of the show at this link. Go to davelandry.com/stockcharts to access the slides for this episode and more. Dave can be contacted at davelandry.com/contact for any comments and questions.