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Quotable Quote: “Trading And Physical Form”

August 15th, 2010

“It is my observation that there is no better time than the early morning to gain an enormous advantage toward being a successful stock trader. There is silence in the house, no person or thing is disturbing your concentration, and the mind is renewed after a good night’s sleep…

… most people simply get up at a certain time in the morning, get ready, and go directly to the office. Often, these same people feel the desire to go out at night during the week to the cinema, a play, a long dinner with several drinks. In other words, they feel the need for social interaction or recreation during the weekdays. This may work well in other fields of endeavor, but it is dangerous practice on a regular basis if a person wants to be successful in seriously trading the stock market. A good stock trader is not unlike a well-trained professional athlete who must keep the physical side of his life in perfect form if he wants to continue to be at the top of his mental form. The body must be in tune with the mind, for there is no more intense or exciting field of battle than the stock market.

A person is making a mistake if he thinks success in the stock market comes easily, instantly, or steadily without great effort. The successful trader must always be in top physical form."

~Jesse Livermore

Investing And Trading ,

How A Great Trader Prepare For His Day

May 17th, 2010

“Livermore developed the following rule from a great trader: Keep stress at bay – act in all ways to keep the mind clear and your judgment correct. Livermore did all he could to achieve this in his physical life by going to bed early, eating and drinking lightly, taking exercise, standing upright at the stock ticker, standing while on the telephone and demanding silence in the office. He made a rule to speak to no one on his way to work and he kept silence about his stock market transactions."

~Extract from book entitled: "Trade Like Jesse Livermore",
by Richard Smitten

Investing And Trading

How To Use The Force Index (Developed By Alexander Elder)

March 27th, 2010

Force Index, Technical Analysis ,

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