From Peter L. Brandt:
Blow off top after accumulation cylinder was one of Livermore’s favorite set ups for a short.
Hey, I am making this post knowing that there has been no one colder in calling $AAPL than me.
I originally posted this Livermore set up on March 27.
But if you go by Livermore’s design, $AAPL is…
Read full article (with chart)…
1. Cut your position size – Everybody goes through losing streaks, and if you are in one right now you should be progressively cutting your position size down until you return to your winning ways. This ensures that you are trading the smallest size during your worst periods. Think of it like an out of control night in Vegas; as it gets later in the evening you should be drinking [...]