The Last Eighth

A friend just emailed me asking for a little clarity on the “last eighth” quote from an earlier blog post. I think my answer is worth sharing:

“It means never try to catch the very top (the last thrust in a bull market, when conditions tell you it’s too risky; i.e., when momentum, emotion and stimulus [but not fundamentals] are pushing the market higher), and never wait for the perfect bottom (when stocks, because of momentum and fear, are moving lower past the point where conditions tell you it’s time to reengage).”

As for the perils of trying to catch “first eighth”, that would be jumping on board during the first up move after a steep decline, without general conditions signaling you do so; the term is “whipsaw”, and it’s an ugly thing to experience. 


“One of the most helpful things that anybody can learn is to give up trying to catch the last eighthor the first. These two are the most expensive eighths in the world. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent.”

—Jesse Livermore  


Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat