Livermore has been broke 3 times during his life time and lost all his money in the trading. And yet he come back strong by making millionaire in the stock market. One of his secret that he believed strongly in his own trading system. That’s the reason why he was so successful in stock trading. The only time he fall when he did not follow his own rules and start listening to others.

I learn a lot from this book and it is a great lesson in investing and trading. Jesse said in this book that the stock market has changed and will change in time but the human character in trading will never changed. There are greed and fear elements in trading and if we can control these character in ourself we will able to beat the stock market in the long run.

The trading rule mentioned in this book that Jesse Livermore adopted is simple but hard to follow. Some of the rules are :

1. Don’t lose your trading capital.
2. Always established a stop. 
3. Don’t lose more than 10% of the trade if it goes against you. Take the small losses if you must.
4. Let the wining position ride in the same trend

Jesse has actually written his own stock trading book called “How to Trade Stocks” which will be my next stock trading book to read when I have the free time.

I would strongly recommend this great book to anyone who is in stock trading.

As I have chosen this path to make money in my journey to millionaire success and I believe in increasing my stock trading knowledge if I want win big in the stock market.

To your millionaire success.
Michael Liew

T. Harv Eker being a millionaire himself knows the right thought you should have in order to be a millionaire. He shows that in the chapter on the wealth files where he reveals seventeen ways to think like a millionaire.

“This book is the most powerful, persuasive and practical book on becoming wealthy that you will ever read” said Brian Tracy the author of Getting Rich Your Own Way.  And I strongly agreed with him.

One of the strong points T. Harv Eker reveals is that how rich people treat making money as a game and they play the money game to win whereas poor people play the money game to not lose.  Another important to note is rich people always mix around with more successful and richer people in order to learn whereas poor people like to stick around with less successful people and ask their advice. How true.

One of the habits I always ask myself at end of the day or weekend if I have make new friend today or this week? It could either be my corporate customer or simply my friend.  It always motivates me to be with them as we can learn a lot by just sharing.

If you want to become wealthy read this one book by T. Harv Eker.

He is going to organize a 3 days Millionaire Mind Intensive Seminar as stated in the book.  This time it will be in Singapore Expo from 23rd to 25th November 2007. 

This is a great way to reprogram our mind to a millionaire mindset.