First, do not be invested in the market all the time. There are many times when I have been completely in cash, especially when I was unsure of the d… - Jesse Lauriston Livermore

" "

First, do not be invested in the market all the time. There are many times when I have been completely in cash, especially when I was unsure of the direction of the market and waiting for a confirmation of the next move. Second, it is the change in the major trend that hurts most speculators.