Jesse Livermore's Cardinal Rules:
1. Never average a losing trade
2. Never meet a margin call
3. Always pre-define your stop
4. Trade with the trend, not against it
5. 1 lot max until NAV > $25K
6. No trade after 2 consecutive losses
7. Close by 14:00 if not profitable
Your #1 flaw: 8× entries, no stop, held to expiry