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Home > About Us > The Thirteen Commandments

The Thirteen Commandments - Gospels from Jesse Livermore
  1. Never act on tips.
     
  2. Never buy a stock because it has had a big decline from its previous high.
     
  3. If a stock doesn't act right don't touch it; because, being unable to tell precisely what is wrong, you cannot tell which way it is going. No diagnosis, no prognosis. No prognosis, no profit.
     
  4. Don't blame the market for your losses.Never add to a losing position. A losing position means you were wrong.
  5. Stocks are never too high for you to begin buying or too low to begin selling. But after the initial transaction, don't make a second unless the first shows you a profit.
  6. Always sell what shows you a loss and keep what shows you a profit.
     
  7. Don't argue with the tape. Do not seek to lure the profit back. Quit while the quitting is good--and cheap.
     
  8. There is only one side to the stock market; and it is not the bull side or the bear side but the right side.
     
  9. The speculator's chief enemies are always boredom from within.
     
  10. A man must believe in himself and his judgment if he expects to make a living at this game.
     
  11. Bulls and bears make money, but pigs get slaughtered
     
  12. Markets are never wrong. Opinions are!
     


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