Submitted by stock_122 t3_z5x4q7 in wallstreetbets
hangGlider2019 t1_iy0izpz wrote
Reply to comment by VisualMod in Day trade VS Value investing <---> Jesse Livermore VS Benjamin Graham by stock_122
I don't know how long Livermore held his average stock trade but I'm pretty sure he wasn't a day trader.
eddie7000 t1_iy0pn22 wrote
He was a swing trader who used day trading principles for entry and exit. He was able to tune into the market patterns but couldn't maintain it over the long term as the psychological pressure built up the longer he was active in the markets. So he went broke, took some time off then came back and made a fortune two more times before completely wrecking his emotional health. Was playing a young mans game, and when he realized he was too old to play it was lights out.
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