Jesse Livermore
Jesse Livermore, the legendary trader of the 1920s, made and lost mega-fortunes countless times over his trading career. At the height of his success, this was a man who made more than $15 million in the crash of 1929, a mega-fortune at the time. Unfortunately, he also must have possessed a fatal flaw, because he somehow lost these multi-fortunes. Jesse was a compulsive gambler, and at the end of his life, he died penniless. He was found dead in the early 1940s in a fleabag hotel room with a self-inflicted bullet wound through his head. Apparently, he did not follow his own advice. In his writings, he cautioned traders to always lock away half of any big profit for retirement and to keep it unavailable for trading. He told us ...
Get Trading Commodities and Financial Futures: A Step-by-Step Guide to Mastering the Markets, Third Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
