It appears there is nothing easier than making money trading. The illusion is all you have to do is catch a big up move and then hold on until the price skyrockets to where the angels of speculation rule in the clouds.

Jesse Livermore said it best: “It was never my thinking that did it for me, it was my sitting that made me big money. My sitting! Men who are right and can sit tight are uncommon.”

Sounds like pretty good advice, but you are probably thinking to yourself, easier said than done. Right? And, very, very easy to do in hindsight. Can hindsight give us a clue about trading into the future? Can it give us a strategy for sitting tight on big moves?