This is a little quiz prompted by a recent conversation with Matt F who brought these little metrics to my attention. Below is a chart of the Dow and on it I have plotted a simple 3 ATR stop which can serve as a trend indicator. The question is – given the information above would…
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At eight o’clock in the morning of Wednesday April 18th 1906, Jesse Livermore was sound asleep in his New York hotel room after arriving back late from Palm Beach the previous evening. 3000 miles away, across the country in California, it was five o’clock in the morning and the city of San Francisco slept contentedly.…
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LB recently did a guest spot on Expert Interview for Best Choice Software. The entire thing can be found here.
Click the image below to be taken to the recording.
“Become more humble as the market goes your way.” – Bernard Baruch
In 1978, Wilson had a disastrous experience shorting the Resorts International casino company. Forbes dubbed it “the most catastrophic short play in modern times.” Wilson reasoned that gambling wouldn’t catch on in Atlantic City in the 1970s. Jet travel was picking up and people could easily fly to Las Vegas instead. Ironically, he has since been proven…
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