Many people are searching everywhere for trading secrets, but in the process, they start to deny their value. But what does reality say? Jesse Livermore's right-side breakout trading system has rarely disappointed since his validation. Many traders using this method have achieved substantial profits. The same system, why does it make such a big difference in different people's hands?
To put it simply, tools are never wrong; the ones who suffer losses are the users of the tools.
Think about what is taught in school—same teachers, same textbooks, some end up in top universities, while others remain stagnant. The gap is not caused by the information itself, but by the willingness to learn continuously, the determination to execute, the courage to withstand volatility, and whether one can manage their emotions and desires well. The trading market is like a magnifying glass; it makes all these things crystal clear.
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MoodFollowsPrice
· 8h ago
Honestly, after trading for so many years, I think most people fall into the same trap—having a gun but not firing it.
Knowing the secret techniques and actually using them are two completely different things. I've seen too many people learn the system and then give up at the first retracement.
To be honest, mindset is far more valuable than technical skills.
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HalfBuddhaMoney
· 01-07 09:53
The tool is fine; the problem lies with the person using it... Well said.
Is there really someone who can stick to one system without wavering? I doubt it.
Everyone wants the secret, but the real challenge is execution and mindset management.
The Livermore system indeed stands the test of time; the key is who can withstand the drawdowns.
The same system, some earn hundreds of thousands a month, while others lose everything—it's really about the person.
Emotions and desires are the biggest killers, more ruthless than any technical analysis.
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ProposalManiac
· 01-07 09:49
The system itself is neutral; the problem lies in the execution mechanism and people's self-discipline. If Livermore's approach can work, it shows that the framework is sound— but the real bottlenecks are incentive compatibility and emotional management, which many people haven't thought through thoroughly.
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AirdropHarvester
· 01-07 09:45
Tools will not betray you; it is always your own greed that betrays you.
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WalletManager
· 01-07 09:38
The tool is indeed not wrong; the problem lies entirely with the individual. I have made quite a bit of profit using the breakout on the right side, but watching people around me, even with the same method, the results vary greatly. Ultimately, it's about risk management and mindset; most people simply can't endure the volatility period.
Many people are searching everywhere for trading secrets, but in the process, they start to deny their value. But what does reality say? Jesse Livermore's right-side breakout trading system has rarely disappointed since his validation. Many traders using this method have achieved substantial profits. The same system, why does it make such a big difference in different people's hands?
To put it simply, tools are never wrong; the ones who suffer losses are the users of the tools.
Think about what is taught in school—same teachers, same textbooks, some end up in top universities, while others remain stagnant. The gap is not caused by the information itself, but by the willingness to learn continuously, the determination to execute, the courage to withstand volatility, and whether one can manage their emotions and desires well. The trading market is like a magnifying glass; it makes all these things crystal clear.