Jesse livermore biography
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The Turbulent Life of Jesse Livermore
When one delves into the archives of stock trading, a name that consistently emerges and demands respect is Jesse Livermore, one of the most famous investors in history. Often referred to as the greatest stock trader of all time, his legacy provides invaluable lessons for traders even in today’s modern era. Let's delve deeper into his accomplishments and his profound impact on the world of finance and trading.
Early Trading Prodigy: Jesse Livermore began his career at 14 in a brokerage firm in Boston, where he developed a knack for noticing stock price patterns. He earned the nickname "The Boy Plunger" for his speculative success in bucket shops and later gained fame in New York for his daring trades, including lucrative short selling before the and market crashes.
Counterintuitive Strategies and Challenges: Livermore was known for his unconventional trading strategies, focusing on market behavior, price patterns, and t
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meet Jesse Livermore
Livermore’s philosophy
Livermore popularized the idea of spotting and riding market trends but was also cognizant of the fact such trade opportunities don’t show up daglig on the market.
“there are times when money can be made investing and speculating in stocks, but money cannot consistently be made trading every day or every week during the year. only the foolhardy will try it. it just is not in the cards and cannot be done,” he said.
his life and investing philosophy are well-documented in Reminiscences of a lager Operator, an unofficial biography of sorts written bygd financial reporter Edwin Lefèvre. the book is considered to be a must-read for traders.
while Livermore made his riches during the Great nedstämdhet, he was quick to lose his fortune, which many speculate was because of his extravagant lifestyle. by , not a lot was left from his $ million. soon he declared bankruptcy, had his second divorce, and in he died bygd suicide.
he never considere
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Jesse Livermore - World's Greatest Stock Trader: The Real-Life Story of the Reminiscences of a Stock Operator Legend
Livermore ran away from home in at 14 years of age, with five dollars in his pocket, and immediately started as a board boy in the offices of Paine Webber. He made so much money he was banned from the 'Bucket Shops' of Boston and New York.
Livermore broke new ground in trading the market. His timing techniques, money management systems, and high-momentum approach to trading in stocks and commodities were revolutionary and remain valid today.
Livermore ran away from home in at 14 years of age, with five dollars in his pocket, and immediately started as a board boy in the offices of Paine Webber. He made so much money he was banned from the 'Bucket Shops' of Boston and New York.
He made a fortune in the crash of , and later lost it, only to make it and lose it several more times.
In the panic of , J.P. Morgan personally implored Livermore to s