Some of Jesse Livermore's investment ideas include:

​​1. Go with the flow: He believes that the market is always right and personal opinions are often wrong. He emphasizes the need to predict the direction of the market through research and evaluation of the economic situation, go long in a bull market and short in a bear market, and only act after the market trend has verified his ideas. He proposed that buying and selling stocks is like buying and selling commodities. To really make money, you must make a profit from the very beginning.

2. Follow the leading stocks: Focus on the leading stocks in the leading sectors, and do not buy stocks that refuse to keep pace with the leading stocks in the sector. He suggested that investors focus on studying the most outstanding stocks at the time, or pick two stocks from the four outstanding sectors and make correct analysis of their trends. At the same time, they should maintain psychological flexibility and follow the mainstream stocks, but not limited to them.

3. Seize the opportunity to enter the market: Prices, like everything else, will move in the direction of least resistance. Don't try to find "sufficient reasons" for price increases or decreases. You need to combine time factors with price movements and wait for a breakthrough of "key points" (such as round prices, historical highs, breakthroughs in consolidation and callbacks to set new highs, etc.) before buying. He believes that there may be only a few times a year when you can trade as you please, and the rest of the time you need to wait for the market to prepare for major trends. Lack of patience will definitely pay a heavy price, and it is crucial to carefully seize the opportunity to intervene.

4. Money management: When buying, add positions in batches, and only add positions based on the previous profit. When going long, the price of each purchase should be higher than the previous one, and when going short, the price of each sale should be lower than the previous one. Do not add positions to dilute losses, because in speculative trading, the real profits come from those operations that remain profitable from the beginning. Do not sell a stock because its price seems too high, and do not buy it because it has fallen sharply from its highest point. Be patient, prohibit frequent trading, and ignore small fluctuations until the market shows signs of reversal. After each successful transaction, take out half of the profit and store it.

5. Stop loss and close positions in time: When the loss reaches 10%, or when you receive a margin call, or when the stock trend sends out a dangerous signal (such as an abnormal pullback, the stock price does not perform as expected after breaking through a key point, etc.), you must stop loss and close the position immediately.

6. Independent thinking: Don’t blindly believe in insider information, stick to your own trading principles, and don’t be swayed by other people’s opinions. He believes that good or bad news may not be reflected in the stock price immediately. When you encounter bad news, don’t have illusions and leave immediately.

7. Stay focused: Don’t invest in too many stocks at the same time. It is easier to take care of a few stocks than a large number of stocks, but you should also pay attention to the fact that the more stocks you invest, the more dispersed the risk is. You need to be very familiar with individual stocks and stocks in the same industry, and correctly connect the records with the time element to analyze and determine the important moments of stock price changes.

8. Control your emotions: Successful traders must overcome the nature of hope and fear and not let emotions control their decisions. When the market is unfavorable, you cannot hope that this is the last day of loss, otherwise you will lose more; when the market is favorable, don’t be afraid that all profits will be gone the next day and rush to exit, otherwise you will lose the money you should have earned.

9. Pay attention to market psychology: He is very interested in the psychological aspect of the market. He believes that the stock market involves many people and human nature, and it is very difficult to control and overcome human nature.

10. Be good at summarizing and learning: Learn from your own experience and mistakes, and constantly improve your cognition and operational skills. Record every transaction and analyze its reasons, and observe the market trends from it, with the goal of having a clear idea of ​​what is about to happen.

Although Jesse Livermore's investment philosophy has certain reference value, investment decisions should also be combined with personal financial situation, risk tolerance and investment goals. At the same time, the market environment is complex and changeable, and past experience may not be fully applicable to the current market situation. When investing, investors should remain calm and rational, and continue to learn and adapt to market changes.