Tuesday, April 19, 2011

Eighteenth Century Trend Following and More History

Great post on the origins of a trading mantra. You can read the full article here: Eighteenth Century Trend Following and More History | Au.Tra.Sy blog - Automated trading System

"Proverbs travel through generations and their origins get lost, so I was quite interested when I found out about an 1838 book, The Great Metropolis, Vol II by James Grant, tracing back the saying to eighteenth century British economist and trader David Ricardo (I actually thought that this legendary trading maxim was introduced by Jesse Livermore in Reminiscences of a Stock Operator)."

“Cut short your losses,” – Let your profits run on”

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