Jesse Livermore
United States indexes charts pointing everyone towards a downward acceleration for the next few weeks, and as we pointed out, the market fundamentals are not enthusiastic. Who intends to buy in these instances of market, should be clear that this is not forming at the moment No Bull – from the point of view of the analysis contained technician-for absolutely any term for the time, but those who look for the long term should know endure the downpour that comes and in any way disassemble purchased positions, even knowing that it will be more ugly before that better. Many initiated in markets often ask me what to do when in the midst of a decline as the current have been purchased and are desperate with each new daily low. The first thing I ask myself is: what was the term for which you defined your investment?. If the short answer, I advise you to next raised a loss limit and respect them, and if it is long, that therefore respect term that has before making the investment, and are inverted! Many investors tend to look at day to day fluctuations and see their portfolios lose value quickly. If the question of the operation had been maintaining long-term, because it is not convenient to look at the intraday because errors because of the panic can be defining in any portfolio. There s a time to go long, to time to go short and to time to go fishing (there is a time to buy, a time to sell and a time to go fishing), said Jesse Livermore, one of the great traders of the world history if I wasn’t vegetarian, I would go to look for the cane.
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