Jesse Livermore
|
New: FREE this week: "The 7 Steps to
Become a Highly Successful Stressfree Trader" + our
DailyStock Picks
- Our New 8-chapter E-book on the best and most overlooked ways to trade without
investing tons of time and stress, priced at $49,
is FREE to you right now as a special
introductory promotion. Download it now, because this is
*HOT*
- Click here to download
|
Jesse Livermore , though he died over
forty years ago, is still known today as one of the most colorful, flamboyant
and respected market speculators of all time. Known by such epithets such as Boy
Plunger, the Great Bear, The Wall Street Wonder and the Cotton King, Livermore
both made, and subsequently lost, four multi-million dollar fortunes during his
career as a speculator, which spanned three decades.
The man who was blamed for the 1929 crash and for precipitating in every
market break from 1917 to 1940.
For the reader who is fascinated, as I always have been, with the life of
Jesse Livermore, the King of the Speculators, I whole heartedly recommend that
you read through the most sought after and best selling book ever written on the
stock market,
"Reminiscences of a Stock Operator."-read about Jesse Livermore
Read about Livermore's rise from nowhere to gain his reputation as the
best speculator ever. Read how he made and agonizingly loses his multi-million
dollar fortunes, time and time again.
Ever thought where such stock market wisdoms such as:
"Fear your losses and let your profits run"
"It was never my thinking that made me money but my sitting tight"
"Markets are never wrong, opinions are"
Came from? The man himself. Read and engrave these quotes into your mind if
you want to survive as a trader!
As great a speculator as Livermore was I think the greatest education one can
take from this book is realize it doesn't matter how much money you make in the
markets it's the keeping hold of it that is important. Livermore never quite
grasped this part.
In my mind, Darvas was every bit as good as Livermore in making money but
much more importantly Darvas realized the importance of holding onto those gains
in difficult market conditions.
Jesse Livermore's 1940
classic, "How to Trade Stocks".
Another work which is available is Livermore's 1940 classic, "How to Trade
Stocks". This is his legacy to the speculator for all time, in which he states
his philosophy of trading and lays down some ground rules. Rules he himself
struggled to follow.
|
