Jesse Livermore’s 12 Risk Rules (Clean Cut Edition)

1. Don’t average losers — that’s how accounts die.
2. Always use a stop — unlimited risk is gambling.
3. Kill losses fast — no debating the market.
4. Let winners run — a few big wins pay the bills.
5. Trade only with price confirmation — opinions don’t pay.
6. Never trade on hope — hope = you’re wrong.
7. Risk small per trade — survival first.
8. Trade the trend — don’t fight momentum.
9. Sit tight when right — impatience leaks profits.
10. If it’s unclear, stay out — cash is a position.
11. Add only to winners — never to pain.
12. Protect capital — you can’t trade if you’re broke.