Open trading account 
It is a nice Sunday with a cup of mocha with reminiscence of a stock operator by Jesse Livermore on hand.This is the 4th time I read his book and I get new inspiration everytime I read his book.
In this article I would like to share out some points which is worth to explore in this book.
1. Technical analysis Jesse use to place order is mainly by breakout of price ,and the confirmation of chart pattern on top. Every market has it own personalities, traders have to backtest it in different timeframe. For example, trading breakout for eur/usd in weekly chart might yield more profit than u trade break out in 1 hour chart.
2. How to put stop lost and Take profit.Jessie stoplost point is basically base on important price point .In the meanwhile ,he use timing stoplost for shorter trading period.Like he will hold a stock for 6 months only if he thought the stock is for speculate only.
3. Pyschology. There are many ways that lead to success,but the way that lead to failure is only one. Failed to follow back tested strategy.Backtest is extremely important in a trading strategy.It takes time to do backtest.Once tested,we should follow it strictly.Jesse once broke in trading cotton.He got influenced by his fren Thomas,who keep telling him some news which make him change his strategy.If he can follow his own strategy,he would nt have to face this.
BackTest, Follow Trend,SL is the key to success.
