In the history of stock investment, if we talk about speculative trading, we have to mention one person-Jesse Livermore, who is known as the giant bear of Wall Street and one of the greatest speculative investors. His legendary career has been talked about, and his investment philosophy has been studied by countless investors. So how much does Livermore's investment philosophy sum up? In our opinion, these three core points should not be missed.

1, seize the opportunity

Great investors are patient, so is Livermore. He said that in his trading process, he always waited patiently for the opportunity node to escape from danger, enter a heavy position, and get huge profits from the investment. In the process of waiting, any investment that has not yet escaped from danger at the opportunity node, entered the market in advance, and expected to gain more income basically ended in the final loss.

2. Ensure the safety of the principal.

Regarding fund management, Jesse Livermore's attitude is basically the same as Buffett's. In the process of investment, he put the safety of principal first. For example, in the process of investing in futures, Livermore controls the maximum stop loss of principal at 65,438+00%. As long as the loss reaches this value, it will be executed unconditionally at any time.

3, the implementation of discipline

In fact, Livermore is a man with strong discipline. He himself said that he was a lonely man in the process of trading. This is also the most difficult point. The discipline of trading cannot be communicated, and it can only be understood after a profound lesson.

The above three points are our summary of Livermore's investment philosophy. Investment is like this. Although it looks simple, it can be understood at a glance, and it is strictly implemented, and it is rarely carried out to the end.

(This information is for reference only and does not constitute investment advice. Carefully evaluate when investing. )