Midnight NinjaWhen your hard-earned money goes through ups and downs, can you remain calm inside? When you hold onto your investment for days, weeks, or months, and it keeps falling, with the market and everyone around you being pessimistic, won't your conviction waver?
The ultimate insight of the King of Speculation, Livermore: Money comes from sitting and waiting.
"Money comes from sitting and waiting" is the cornerstone of financial trading theory. This single sentence lays the foundation for all financial trading theories and encompasses all money-making techniques in finance. This golden rule, "Money comes from sitting and waiting," is destined to accompany every successful trader throughout their life. Trading is about waiting—waiting for the medium-to-long-term moving average you've chosen.
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