The answer is: Unsure.
Livermore's trading system is mysterious. Although he wrote many books such as "Memoirs of a Great Stock Operator", he did not disclose the details of his trading system. We don't know how he made the deal. He just said that he uses algorithms and techniques that help him make better decisions.
Although Livermore's trading system is mysterious, Livermore's trading method can help us make better decisions. We don’t know the details, but we can learn his methods from his books. These methods can help us better understand the market and trade.
Livermore's trading methods include:
1. The purpose of trading is to obtain profits.
2. The transaction process is dynamic and constantly changing.
3. The result of the transaction is unknown.
4. Transactions should be adjusted according to market conditions.
5. Traders need to have sufficient knowledge and experience.
6. Traders need to have good psychological quality.