LEGENDS OF TRADING: THE STORY OF JESSE LIVERMORE

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Jesse Livermore is one of the most iconic and influential traders of all time. He is often cited as the main inspiration for a lot of professional traders. This is his story.

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LEGENDS OF TRADING
He was nicknamed The Boy Plunger after he successfully predicted the 1907 and 1929 market crashes, making huge amounts of wealth each time. At the height of his trading career, he had made $100 million, which is the equivalent of about $1.4 billion in terms of today's money.

The part biographical - part fictional book 'Reminiscences of a Stock Operator' tells the story of Livermore's life. His life is truly an incredible story, having lost his entire wealth on more than one occasion and subsequently making it all back again. This is a story of the do's and do not's for all traders.

In this video we look at his background, how he got started in trading, his investment philosophy and some of his tips for traders.

We recommend the following books about Jesse Livermore:
• Reminiscences of a Stock Operator by Edwin Lefèvre
• How to Trade in Stocks by Jesse Livermore
• Jesse Livermore: World's Greatest Stock Trader by Richard Smitten
• Jesse Livermore Boy Plunger by Tom Rubython

Presented by Nicholas Puri

#LegendsofTrading #LegendsofInvesting #JesseLivermore

[TinCupChalice]

I’ve been trading for a living since 1995. I went completely broke in 2002. It’s the most miserable experience of my life. Every emotion and train of thought of a trader is expressed so clearly in this book. From one who has made 100, 000 in a day to losing it all I less than a week. I read this book at least once a year. Yes, I’m still trading

[rogergarcia]

Truly a pioneer. A boy that only had price to begin with, no trading room, no mentors, no cushy tooshy to hold his hand. He constructed a system and made it. His personal life intersected into his trading life, this affected him. Great video.

[trader-for-lifephilippines]

Livermore changed my life. He is basically a position trader within a bull market and taught me how to buy right and sit tight within a bull cycle

[dsfree]

I literally just received a copy of the story of Jesse Livermore today and strictly by chance I stumbled across this video. I look forward to learning some of the pearls that plague so many new and old traders in the markets. What you see is what you get. Thanks for an excellent piece on Jesse Livermore.

[randymillhouse]

I recall a story about the Wall Street crash of 1929 and Jessie Livermore. He arrived home that day and his wife had movers taking furniture out of the house to place in storage. Jessie asked his wife what was going on. She said that we had to salvage and store our things or the bank will come after them. Jessie then told her that he made over 100 million by shorting the market that day. Tell the workers to put that stuff back inside...

[Yzjoshuwave]

I think I was most struck by how the emotions of a loss can lead to a downward spiraling effect where poor decisions can lead to catastrophic losses. I also really liked the quote about the markets always being right and letting the markets confirm your opinions.

[jeevanamalraj]

THIS IS A LESSON FOR EVERY TRADER.NOT ONLY IN TRADING BUT FOR LIFE ITSELF. THANK YOU.

[albertlabos]

The book is the very best ever written on the subject and it is regarded as a thumping good read in mainstream instead of being accepted as the truly classic textbook that it really is, but only for the few.

[rolandrayn]

What i just learnt from his life is that money isn't everything. It can come easily as it goes. Why?
I don't know. I really don't know.
Thks so much for the video. My first time i heard of him.

[vincentnoble]

Probably the greatest living example of both what to do and what not to do when it comes to trading.

[herotiramisu]

does anyone ever noticed that he draws pattern and price chart with actions on a paper back in those days, unbelievable, what a genius... he was born for the wall was drawing a rising wedge and a price chart

[schuylerhaussmann]

lesson of the day; protect your capital

[Freedomtrader]

His life was just like the markets. Up and down up and down . The only pattern he didnt see! (no disrespect)

[Landinus]

Great video. Livermore's personal life is intriguing and perplexing. But his wisdom about market behavior is unquestionable.

[janschneider]

Jesse Livermore. The greatest stock exchange speculator of all time.

[sirrotterdam]

read the book and loved the video!

My favourite part is that he kept on going even though he had difficult times, take his 1 million debt for example and that he still managed to make another fortune en pay of that debt!

Thanks for the video :)

[dac]

I accompany him very much. He is undoubtedly a genius, but genius is not born. This has nothing to do with his later efforts. It is very human to be able to calm down in the ups and downs of the stock market. He did it and was very successful. I believe that he finally made such a decision. Whenever I have emotional fluctuations in trading, I will read books that record his legendary life. As an encouragement. The last sentence he likes the most is that life is a big gamble from the cradle to the grave. Thank you!

[micaiaholugbengaoshifisan]

I read the book and now watch the Video story of Jesse Livermore... In the book he said about a french man who stick to the ancient rules of reading the Chart and back test his Price action as a prove to hold on to a position and did have a profitable trading all the time. My big lessons is that repetition is a mother of a skills not as his up and down but as achieving the level of Financial Security goes on to Financial Independence and goes on to FINANCIAL FREEDOM, MASTERING A UNIQUE SKILL OF REPETITION e.g using $1, 000 to make $10, 000 over time and keep repeating it as 'it takes SMALL MONEY TO MAKE BIG MONEY' only if you know it. just avoid Emotional trading and be contend with steady growth!

[bluewaterfloor]

I never heard of Livermore until this video. I learned much. Thank you.

[Tmmyby]

My favourite bit is that even back in his time it was possible to become a billionaire (in today's money) starting with nothing. With everything we have now (technology, internet, money, ...) this must be very possible to achieve!