Kathy Lien
BK Asset Management
Most traders don't realize that some of the most powerful trading strategies weren't created by modern AI or complex algorithms - they were developed by Jesse Livermore in the early 1900s. After years of applying these century-old principles, I've seen firsthand why they still dominate today's markets. It's time to abandon the noise and embrace the discipline that built trading empires.
Key insights:
- Timeless trading psychology: Learn why Livermore's rules from the early 1900s still outperform modern bot strategies by focusing on unchanging human behavior patterns of fear, greed, and hope
- Anti-tip trading philosophy: Master why following stock tips, Reddit threads, and CNBC price targets is account suicide, and how to build your own conviction through proper analysis
- Trend following mastery: My exact method for riding market waves instead of fighting them, using Livermore's "follow the market, don't outsmart it" approach for consistent profits
- Precision risk management: How to cut losses quickly while letting winners run, including the legendary "kill losers fast, let winners work" strategy that preserved Livermore's capital
This isn't just about technical analysis - it's about understanding the psychological discipline that allowed Livermore to profit from the 1907 panic and 1929 crash. When you master these principles that predate screeners, Discord rooms, and commission-free trading, you'll build a foundation that withstands any market condition.
Learn why hesitation costs money, how to avoid analysis paralysis, and the exact mindset shift from "how much can I make" to "how much can I afford to lose". These rules have survived 100 years because human behavior hasn't changed.
Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.
Editors’ Picks
EUR/USD: Initial support lies around 1.1680
EUR/USD regained composure and managed well to reverse an initial pullback to two-week lows around 1.1680 on Tuesday, as the buying bias in the Greenback dissipated toward the end of the day. Investors will now shift their focus to the release of the FOMC Mintes on Wednesday.
GBP/USD coils as investors await tariff clarity again
GBP/USD churned the charts near 1.3600 as the market grapples with inconsistent policy messaging on President Donald Trump’s whipsaw tariff policies. Reciprocal tariffs announced and immediately delayed in early April have been pushed back from July 9 to August 1, and in the course of 24 hours President Trump has announced that further delays or tariff suspensions both can and cannot be expected.
USD/JPY climbs above 147.00 on USD strength, US-Japan trade woes
USD/JPY regains traction and climbs above 147.00 in Asian trading on Wednesday. US President Trump's latest tariff threats unnerve markets and prop up the haven demand for the US Dollar, aiding the renewed upside in the major. Further, the pair benefits from the US-Japan trade stand-off as it undermines the Japanese Yen.
Editors’ Picks
AUD/USD turns south toward 0.6500 amid renewed US Dollar buying
AUD/USD is back in the red, easing toward 0.6500 early Wednesday amid the mixed Chinese inflation data. The pair gives up the RBA's surprise on-hold decision-led uptick once again as Trump's planned tariffs on Copper act as a headwind for the resources-linked Aussie. The US Dollar resurgence also weighs on the pair ahead of Fed Minutes.
USD/JPY climbs above 147.00 on USD strength, US-Japan trade woes
USD/JPY regains traction and climbs above 147.00 in Asian trading on Wednesday. US President Trump's latest tariff threats unnerve markets and prop up the haven demand for the US Dollar, aiding the renewed upside in the major. Further, the pair benefits from the US-Japan trade stand-off as it undermines the Japanese Yen.
Gold price retains its positive bias amid a broadly weaker USD; lacks bullish conviction
Gold price trades with a mild positive for the second straight day on Thursday, though it lacks follow-through and remains below the $3,350 level through the early European session. Reports that US President Donald Trump was considering replacing Federal Reserve Chair Jerome Powell raised concerns over the future independence of the US central bank.
Bitcoin Cash targets 52-week high as on-chain data indicate room for growth
Bitcoin Cash (BCH) is trading in the green by 2% at press time on Thursday, following a 6.39% price surge on Wednesday. Rising in a parallel channel pattern, BCH shows signs of increasing bullish momentum and nearing the $500 psychological level.
Could Iran block the Strait of Hormuz? Why Oil is on edge after US strikes
As the Israel-Iran conflict reaches new heights, an old threat is coming back to haunt the markets: that of the closure of the Strait of Hormuz. This narrow arm of the sea in the Persian Gulf, wedged between Iran to the north and the United Arab Emirates and Oman to the south, is much more than a simple sea passage.
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