In Part One, we shared some market wisdom from one of the greatest traders, Jessie Livermore. While Livermore’s name is not always mentioned alongside other great investors and analysts, such as Warren Buffett and Peter Lynch, his sage advice is priceless. Interestingly, much of what Livermore teaches his readers runs counter to what Warren Buffett and Peter Lynch preach to investors. This is likely because Buffett and Lynch are more fundamentally grounded, while Livermore was a much more market technical analyst who acutely understood his behavioral flaws and those of competing investors. While we should respect and ... (full story)