The King of Speculation
Livermore Buying Method
1. 20% of the chips are used as the bottom position for buying.
2. If you buy wrong, leave the market immediately when it drops to 10%, and only lose 2% of the total position.
3. If you buy right, add 20% for every 10% increase, and add 30% directly for the next time.
4. Hold firmly if it does not fall below 10%, and leave the market immediately if it retreats 10%!
What you are waiting for is to reach the key position at the bottom before taking action. Cognition, waiting, key position!
You don’t know the current trend, is it rising or falling? You don’t know the support and pressure levels?
You don’t even know what level of buying and selling points are currently running?
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