19

Lessons I Learned from the Stock Market

Fortunately, I am free to tell you what I really think about the stock market. You don’t have to agree with what I say. In fact, I welcome opposing viewpoints. There is no one right answer when it comes to the stock market. In the end, you will have to make up your own mind about where and how to invest your money.

It’s the Sitting and Waiting That Makes You Money

I learned the following from Jesse Livermore: Once you set up a long-term stock position, give it time to develop into a winning position as long as it doesn’t violate your selling rules. Some of my worst mistakes were selling a winning position too soon, before I was able to make big money. (As you know, I also believe in limiting losses. ...

Get Understanding Stocks 2E, 2nd Edition now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.