Jesse Lauriston Livermore Quotes
Jesse Lauriston Livermore
Jesse Lauriston Livermore (1877-1940) was an American stock trader and investor who made and lost several fortunes during his lifetime. He is widely considered to be one of the greatest stock traders of all time and is credited with pioneering the use of technical analysis in stock trading. His most…Read More
Jesse Lauriston Livermore (1877-1940) was an American stock trader and investor who made and lost several fortunes during his lifetime. He is widely considered to be one of the greatest stock traders of all time and is credited with pioneering the use of technical analysis in stock trading. His most famous book, Reminiscences of a Stock Operator, is still widely read today and is considered to be a classic in the field of stock trading. Livermore’s trading strategies and philosophies have been studied and adopted by many successful traders and investors.Read Less
Jesse Lauriston Livermore (1877-1940) was an American stock trader and investor who made and lost several fortunes during his lifetime. He is widely considered to be one of the greatest stock traders of all time and is credited with pioneering the use of technical analysis in stock trading. His most famous book, Reminiscences of a Stock Operator, is still widely read today and is considered to be a classic in the field of stock trading. Livermore’s trading strategies and philosophies have been studied and adopted by many successful traders and investors.
17 Top Jesse Lauriston Livermore Quotes
Jesse Lauriston Livermore Career Highlights
- Making and Losing Millions: Livermore’s most notable career highlight was his ability to make and lose millions of dollars in the stock market. He made his first million at the age of 24, and by the time he was 30, he had amassed a fortune of over $3 million. However, he also experienced several major losses, including losing his entire fortune in the stock market crash of 1929.
- Shorting the Market: Livermore is known for his successful short-selling strategies, which he used to make a profit during the stock market crashes of 1907 and 1929. He famously shorted the market before the 1929 crash, making over $100 million in profits.
- Writing “Reminiscences of a Stock Operator”: In 1923, Livermore wrote a book called “Reminiscences of a Stock Operator,” which is still considered a must-read for traders and investors. The book is a fictionalized account of Livermore’s life and trading experiences, and it provides valuable insights into his trading strategies and mindset.
- Founding Livermore Market Letter: In 1932, Livermore founded the Livermore Market Letter, a financial newsletter that provided market analysis and trading advice. The newsletter was highly successful and had over 200,000 subscribers at its peak.
Key Contributions by Jesse Lauriston Livermore
- Technical Analysis: Livermore was a pioneer in the field of technical analysis, which involves studying market trends and patterns to predict future price movements. He developed his own set of technical indicators and used them to make profitable trades.
- Risk Management: Livermore was a master at managing risk in the stock market. He believed in cutting losses quickly and letting profits run, a strategy that is still widely used by traders today.
- Market Psychology: Livermore understood the importance of market psychology and how it can influence stock prices. He often said, “The stock market is never obvious. It is designed to fool most of the people, most of the time.”
What Sets Jesse Lauriston Livermore Apart
Livermore’s ability to make and lose millions in the stock market, his successful short-selling strategies, and his pioneering work in technical analysis and risk management set him apart from other traders. He was also known for his ability to read market trends and anticipate market movements, earning him the nickname “The Boy Plunger.”Livermore’s success in the stock market was not without its controversies. He was known for his aggressive trading style and was often accused of market manipulation. He also had a reputation for being a loner and a gambler, which ultimately led to his downfall.
Takeaways
- Risk Management is Key: Livermore’s success in the stock market was largely due to his ability to manage risk. He understood the importance of cutting losses and not letting emotions dictate his trading decisions.
- Learn from Mistakes: Livermore’s career was marked by both successes and failures. However, he always learned from his mistakes and used them to improve his trading strategies.
- Market Psychology Matters: Livermore’s understanding of market psychology and his ability to read market trends played a crucial role in his success. Traders can learn from him by studying market patterns and understanding how emotions can influence stock prices.
- Constantly Adapt: Livermore was always adapting to changing market conditions and was not afraid to change his strategies when needed. Traders can learn from him by being flexible and adapting to market trends.
In conclusion, Jesse Lauriston Livermore’s career in the stock market was marked by both successes and failures. His contributions to the field of technical analysis, risk management, and market psychology continue to influence traders and investors today. His story serves as a cautionary tale of the dangers of greed and the importance of managing risk in the stock market.
Other People
Investor
· United Kingdom
1894 - 1976
Investor
· USA
1955
Investor
· USA
1955
Investor
1936
