livermore friday

The US market dealt the Royal Flush last night, which one should never bet against.

Another long weekend, in which i dont like being over exposed to the markets, time for rest and research and enjoying all things family and friends
Have fun all and if the gut is churning you know what to do.

From the Richard Smitten book on Livermore

"Only speculate if you can make it a full-time job. Dont take tips of any kind, no matter where they come from. Dont worry about tops or bottoms, thats fool's play . Keep the number of stocks to a controllable number. take your losses quickly and dont brood about them, mistakes are as inevitable as death. And only make a big move, the real big plunge , when the majority of factors are in your favour. "