Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

HOW To AVOID Getting CHOPPED By Markets🚨

10 Jun 2026 · 0 min

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In this segment, the presenter cites Jesse Livermore’s century‑old advice for trend followers: discard the first and last eighths of a price move—typically the most costly portions—because they correspond to the early (stage 1) and late (stage 3) phases where market “chop” and false signals are common. Instead, aim to capture the middle sixth of the move, which tends to be the most reliable portion for both long and short positions. The speaker emphasizes applying this rule to avoid the frustration of choppy price action.

A quote that I repeat in my head pretty much every day is Jesse Livermore, and he found this 100 years ago. He pretty much said, as trend followers, you want to forget the first eighth of a move and the last eighth, and they're often the two most expensive eighths of the move. And when we look at a chart, the first eighth is like in this area, in the stage 1 area. The last eighth is in the stage 3 area, and that's where all the chop frustration are. So forget about this first eighth, forget about this last eighth, just catch that sixth eighth in the middle. It's often the best. Same with on the short side.