The market fairly boiled, as I had expected. The transactions were enormous and the fluctuations unprecedented in extent. I put in a lot of selling orders at the market. When I saw the opening prices I had a fit, the breaks were so awful. My brokers were on the job. They were as competent and conscientious as any; but by the time they executed my orders the stocks had broken twenty points more. The tape was way behind the market and reports were slow in coming in by reason of the awful rush of business.
Hi, I've been following you for a while now. I'm a huge fan of your calls. I started trading a year ago, when I started college. I bought in when Bitcoin was at ~$1000 (yeah). Basically lost most of my money .....
I'm impressed by how accurate your calls are. Though I don't follow your exit, I usually follow your entry.
The following excerpt is from my favorite trading book, "Reminiscences of a stock operator" by Jesse Livermore, you can find it in my resource page. I posted a different excerpt before about price manipulation by big players in the trading world.
The following excerpt is from my favorite book, "Reminiscences of a stock operator" by Jesse Livermore. I posted this before. In summary, this one is about manipulators and whales trying to test the strength of the sugar market through large market buy and sell orders.