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Showing posts from May, 2016

Know When to Trade, and When to Go Fishing

"There is a time to go long. There is a time to go short. And there is a time to go fishing." - Jesse Livermore

If there is one thing that I have in common with the late, great speculator, Jesse Livermore, it is that we are both "daffy about fishing". Like most great traders, Livermore knew the importance of taking a break from the markets. 

Livermore's preferred method of relaxation was to head South for the coastal waters of Florida and do some saltwater fishing from his yacht. I'm a humble trader/writer, so I usually prefer to head out for an afternoon of fly fishing for warmwater species (crappie, bass, bluegill) in the local waters near my home. There's a nice hybrid bluegill (below) that took my fly on a recent outing. 

"There is a time to go long. There is a time to go short. And there is a time to go fishing." - Jesse Livermore pic.twitter.com/6XU6EUqfQH — Finance Trends (@FinanceTrends) May 4, 2016
Lately, I've seen evidence to sugge…