When to book profits and when to sit tight: Timeless investing lessons from Jesse Livermore

The article outlines legendary trader Jesse Livermore's timeless investing principles drawn from his four-decade career. Key lessons include exercising patience with winning trades to capture multibagger gains, booking profits only when the original investment thesis changes, cutting losses quickly rather than averaging down, following market trends instead of emotional impulses, avoiding overtrading, and prioritising risk management and capital preservation over returns. The piece frames these rules as enduring guidance for modern investors navigating algorithm-driven markets.