Livermore's stock trading rules:

1. Buy stocks that are rising and sell stocks that are falling.

2. Don’t trade every day. Only trade when the market is clearly bullish or bearish.

3. The trading direction is consistent with the overall market. When the overall market is rising, go long; when the overall market is falling, go short.

4. The trading pace must be coordinated with the key points of time and price.

5. Wait for market changes to prove your point of view before trading: trading will cost you money and speed.

6. If there is a profit in the transaction, continue to hold it; if there is a loss in the transaction, close it as soon as possible.

7. When it becomes clear that the trend from which you were profiting has ended, close the trade.

8. When doing stocks, be the leader - the one with the strongest trend.

9. Never share a loss-making position equally, for example, if a certain stock has been trapped and you continue to buy it.

10. Never increase margin, simply close the position and accept the loss.