LivermoreProfessional speculation theoryIt's been asked too many times. I've had a few years of "what's the difference between this book" and "equal recollection"? To put it simply, a lot of people have given up on the first 20 pages — not hard books, but no one tells you what to read with。
How do you read the theory of professional speculation
Don't look from the beginning to the end. The one thing i'm telling you most often is to go through chapter four, "certain market trends", and eat the concept of "decisive moment" and look back. Livermore's book is structured as "give the frame first and give the details." you're reading faster than you do. A fan said to me that he read it three times, but that he was waiting for a standard answer every time。
There's a little trick. Take a pen and mark out all the words in the book. Livermore used to say, "you should but if," that "if" is where he really reminds you. I took notes, "if" marked over 40 places, thicker than the text。
Does the theory of professional speculation work
It's the highest one ever asked for. My answer has always been that the trading framework is applicable and the figures are not reproduced. When livermore wrote the book, the u. S. Stock fluctuated by two or three points a day, and you used his cut-off ratio to put it in a's, or you were swept off every day or you threw it back. His words of "the least resistance line to determine direction" and "the trend to confirm re-entry" still stand in the 2026 quantitative era, but the details of implementation need to be adjusted。
It's hard to hear. Chapter 8 says..PsychologicalIt's in any one of those years. People don't lose money because they don't understand theoryHands are faster than brainsI don't know. This was established in 2026, and it is not an illusion that technological upgrading solves the problem of humanity。
What's the most practical theory of professional speculation
If only i could choose a part of the house, i'd choose chapter 11."SellIt's harder than buying." livermore wrote an entire chapter about why people can't hold a profit list, and the core has one move:We'll do it when we get to the pointI don't know. I had a friend who was a short-term friend who wrote to me and said that he had deleted all the notes from the phone on the day after reading the chapter, and then he didn't throw up for profit for three months。
Another practical point is chapter xii on the anti-intuitive view of "dispersion". He was clearly opposed to operating five or six unrelated species at the same time, saying that it was "not knowing." this is still a loud slap in the face of today's disassembly with a basket of funds。
It's a hundred pages thick, but rivermore's got all the money he lost in it. You've found those little questions in love, and it's an extension of his words. Don't use the book as an answer book, use it as a mirror and turn one page before the next deal, better than brushing ten stickers。
