Jesse Livermore's trading lessons are still relevant today:
1. Big money is made by catching major trends, not by constant trading.
2. Let winners grow and keep losses small.
3. Follow price action, not opinions.
4. Wait for confirmation before entering.
5. Focus on a small watchlist and know your markets.
6. Don't exit a winner without a valid reason.
7. Never add to a losing position.
8. Take small losses quickly to preserve capital.
9. The best trades often work from the beginning.
10. Trade only when the opportunity and risk/reward make sense.
Livermore understood something many traders forget:
You don't get paid for being active.
You get paid for being right, managing risk, and having the patience to wait.
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