Introduction to Jesse Livermore
Imagine making and losing several fortunes by trading stocks and commodities, with each rise and fall etched into the annals of trading history. This is the story of Jesse Livermore, one of the most famous traders of all time, known for his spectacular wins and dramatic losses. Livermore’s trading style, characterized by intuition, daring, and rigorous analysis, continues to inspire traders worldwide.
Brief Bio of Jesse Livermore
Jesse Lauriston Livermore, born on July 26, 1877, in Shrewsbury, Massachusetts, left home at the age of 14 to work as a quotation board boy at Paine Webber. This humble beginning sparked his lifelong fascination with the stock market. He quickly moved from copying prices to trading, amassing a fortune by shorting stocks during the 1907 and 1929 market crashes. Despite his financial ups and downs, Livermore’s insights on trading and market behavior have cemented his legacy.
Jesse Livermore’s Photo
Date of Birth / Death
- Date of Birth: July 26, 1877
- Date of Death: November 28, 1940
Education
Jesse Livermore did not pursue higher education. Instead, his early career in stock brokerage firms provided him with practical and invaluable trading experience.
Quotes by Jesse Livermore
Books by Jesse Livermore
Jesse Livermore’s Trading History
Jesse Livermore’s trading career is marked by several key milestones:
- 1907: Livermore famously shorted the stock market, predicting the Panic of 1907 and making a substantial profit.
- 1929: He again predicted the market crash, shorting the market and reportedly earning $100 million.
- 1934: Livermore declared bankruptcy, a reflection of the volatility and high stakes of his trading strategies.
Jesse Livermore’s Trading Strategy
Livermore’s trading strategy revolved around trend following and market timing. He believed in studying market behavior and trends, using what he termed “pivot points” to enter and exit trades. Livermore’s approach also emphasized the importance of patience and discipline, often waiting for the perfect moment to make a trade.
Jesse Livermore’s Notable Achievements
- Market Prediction: Accurately predicted and profited from major market crashes in 1907 and 1929.
- Author: His experiences and strategies were immortalized in the book “Reminiscences of a Stock Operator” by Edwin Lefèvre, which remains a classic in trading literature.
Personal Insights from Jesse Livermore
Jesse Livermore’s daily routine was meticulous. He started his day early, spent hours analyzing market data, and remained disciplined in his trading activities. He enjoyed simple pleasures like fishing, which he found relaxing and a good mental break from the stresses of trading.
Jesse Livermore’s Philosophy and Values
- Market Prediction: Accurately predicted and profited from major market crashes in 1907 and 1929.
- Author: His experiences and strategies were immortalized in the book “Reminiscences of a Stock Operator” by Edwin Lefèvre, which remains a classic in trading literature.
Personal Insights from Jesse Livermore
Jesse Livermore’s daily routine was meticulous. He started his day early, spent hours analyzing market data, and remained disciplined in his trading activities. He enjoyed simple pleasures like fishing, which he found relaxing and a good mental break from the stresses of trading.
Jesse Livermore’s Philosophy and Values
Livermore valued discipline, patience, and a deep understanding of market psychology. He believed that success in trading came from a combination of knowledge, intuition, and the ability to stay calm under pressure.
Jesse Livermore’s Impact and Legacy
Livermore’s impact on trading is profound. His approach to market analysis and trading strategies continues to be studied and admired. His life story serves as a cautionary tale about the risks of trading but also as an inspiration for the potential rewards.
Where Jesse Livermore Lived and Worked
Here’s a rare interview that delves into Livermore’s trading mindset and strategies:
Risk & Return – The Jesse Livermore Story
LEGENDS OF TRADING: THE STORY OF JESSE LIVERMORE
Detailed Profiles of Famous Traders & Famous Investors
Click here to find a complete list of the famous traders and famous investors we have profiled. This is a valuable resource of trading wisdom and inspiration for all traders showing what is possible in this industry.
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