TY Saram, A lot of those rules make sense, or are so ambiguous that they could, but times change and so do the rules. I hear so much about great traders that lose all their money, I then hear of one trader who calls one event and makes millions as great also. GO FIGURE. I think I like to be more like the lucky stiff. Thanks for posting
Thanks for the post, I'll copy it. He was a great trader, I've read THE BOOK six times, I'm inherently more of a value investor though who likes to buy panic sell offs, such as when the shorts started rumors and drove QCOR to 18.
I'm still amazed at how much money Jessie lost from 1929 starting with 100 million to bankruptsy five years later, and he lost the 1907 fortune too. He played heavily on margin and momo stocks were his game.
By the way, I bought 10,000 shares of SNFCA, if you like panic sell offs in solid companies, the p/e is now only 10, for a company which is growing like a weed. They lost 35% of their value in a week, oddly I sols just before that happened, all that tape reading skill that Jessie loved.