the number 1 trading rule
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www.tradecamp.co.uk
Today’s Trading Clipwww.tradecamp.co.uk
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www.tradecamp.co.uk
The Number One Trading
Rule
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“ I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold
it out...Always sell what shows you a loss and keep what shows you a profit”
- Jesse Livermore
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What’s he saying?
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Run your profitsNOT your losses
![Page 6: The Number 1 Trading Rule](https://reader033.vdocuments.net/reader033/viewer/2022061214/549983a0b47959d87c8b45b5/html5/thumbnails/6.jpg)
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Don’t get emotional- it’s not a sport
![Page 7: The Number 1 Trading Rule](https://reader033.vdocuments.net/reader033/viewer/2022061214/549983a0b47959d87c8b45b5/html5/thumbnails/7.jpg)
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You will getsome wrong
![Page 8: The Number 1 Trading Rule](https://reader033.vdocuments.net/reader033/viewer/2022061214/549983a0b47959d87c8b45b5/html5/thumbnails/8.jpg)
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George Soros only gets3-4 out ten right.
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So how is heso successful?
![Page 10: The Number 1 Trading Rule](https://reader033.vdocuments.net/reader033/viewer/2022061214/549983a0b47959d87c8b45b5/html5/thumbnails/10.jpg)
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He runs his profitsNOT his losses
![Page 11: The Number 1 Trading Rule](https://reader033.vdocuments.net/reader033/viewer/2022061214/549983a0b47959d87c8b45b5/html5/thumbnails/11.jpg)
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“ I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat
showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell
what shows you a loss and keep what shows you a profit”
- Jesse Livermore
![Page 12: The Number 1 Trading Rule](https://reader033.vdocuments.net/reader033/viewer/2022061214/549983a0b47959d87c8b45b5/html5/thumbnails/12.jpg)
www.tradecamp.co.uk
Today’s Trading Clipwww.tradecamp.co.uk