Almost everything works...

price is never random, price is driven by volume. Volume is not random, but real trades

 

They've only failed in the last 10 years. For 10 decades before 2000 that strategy really did work, then failed after the new millenium came.

 

thats really intersting factoid, if i live to be a 1000, it's useful!

 

Yes! And then we can really be called a millenial!

Really, Livermoore was psychotic, and got lucky in up markets. His strategies wouldn't work today.

 

You forgot the ones who write algos and trade intrasecond...

 

not as smart as you..you're genius progeny.

but, i' will really try to get all your jokes and innuendo

 

Of course they would.

Getting "lucky in up markets" has always worked, and will always work.

 

That was his strategy. True buy and hold will always work, but not in the sense that it would be a good short term model to follow if you were trying to day or swing trade.

 

he happened to be short at the right time in 1907 and 1929, out of pure luck? Doubt it.

 

It was probably insider trading.