Transform vocabulary like Jesse Livermore

...continued from yesterday...

One hundred years ago, Jesse Livermore made $3 Million in a single day during the 1907 Stock Market Crash. Twenty two years later, he made over $100 Million during the 1929 Crash, although not in a single day. He understood and used the power of Transformational Vocabulary.

Jesse did not have a university degree. But he did take courses in psychology.

He understood and applied the power of Transformational Vocabulary.

He replaced industry standard phrases like “bull market” with “upward trend” and replaced “bear market” with “downward trend”. His reasoning was that using “bull” or “bear” froze oneself into a commitment about market direction while “upward/downward trend” allowed for agility and flexibility to allow the market to deliver profits to his account instead of trying to tell the market which way to go.

You can read more about Jesse Livermore’s trading style in Richard Smitten’s book Trade Like Jesse Livermore

...cont'd tomorrow...

Copyright 2007 Raymond T. Lee. All rights reserved.
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