24 min

When Things that Should Happen Don't Happen Against The Machine

    • Entrepreneurship

When Jesse Livermore loses his money, and basically goes bankrupt, he comes back and he can only trade on thing at one time and he has to be right, if he is wrong is basically completely done.
If he is right he gets a bigger trade line , if you kind of think about it it is , I would take a great trade, back in the beginning, I will superbly making sure that everything is lining up. 
To be completely having your game plan, and have the discipline, to survive you have to have the absolute game plan, making sure it meets all your trade criteria before you put on the trade. 
We might have traded a thousand options a day, it was so extreme, and the price of SPX should have gone up, everybody was increasing their implied volatility . The market at this time at this time were fairly crazy, and they were using the options markets to hedge their bets, and a real theme was starting to occur, the thing they way I think about it , when things that should happen , do not happen, there is so much noise in the trading floor, you will just hear noise, and in that, some of that is valuable information. 

When Jesse Livermore loses his money, and basically goes bankrupt, he comes back and he can only trade on thing at one time and he has to be right, if he is wrong is basically completely done.
If he is right he gets a bigger trade line , if you kind of think about it it is , I would take a great trade, back in the beginning, I will superbly making sure that everything is lining up. 
To be completely having your game plan, and have the discipline, to survive you have to have the absolute game plan, making sure it meets all your trade criteria before you put on the trade. 
We might have traded a thousand options a day, it was so extreme, and the price of SPX should have gone up, everybody was increasing their implied volatility . The market at this time at this time were fairly crazy, and they were using the options markets to hedge their bets, and a real theme was starting to occur, the thing they way I think about it , when things that should happen , do not happen, there is so much noise in the trading floor, you will just hear noise, and in that, some of that is valuable information. 

24 min