In his final show, Dave shows his methodology in action by sharing two positions that he continues to hold even though most of the time they were “dead money” and why he applied discretion to stick with a losing position to possibly avoid a loss. He also provided a “where are we now” update to the TFM 10% System. He then shifted gears to resume and finish his series on Jesse Livermore. This week, he covered the fact that something is wrong with a stock if it’s going down, how the market is a “discounting mechanism,” and “what is, is” when it comes to markets. Dave then summarized some of the best quotes and thoughts from Livermore while adding in his own two cents.