Who is Jesse Livermore?

Who is Jesse Livermore?
Interesting facts about Jesse Livermore:

1. Early Beginnings: Jesse Livermore was born on July 26, 1877, in Shrewsbury, Massachusetts, USA.

2. Self-Taught Trader: Livermore was largely a self-taught trader, learning the ropes by observing market dynamics and making trades from a young age.

3. Bucket Shops: He started his trading career in "bucket shops," which were essentially off-exchange betting parlors for stocks. This environment allowed him to hone his trading skills.

4. Short Selling: Livermore became famous for his short-selling prowess, particularly during the market crashes of 1907 and 1929. He famously shorted the market before the 1929 crash, earning him millions.

5. Book: "Reminiscences of a Stock Operator": Livermore's life and trading strategies were the inspiration for the classic investment book "Reminiscences of a Stock Operator" by Edwin Lefèvre.

6. Market Manipulation Charges: Livermore faced several legal issues throughout his career, including charges of market manipulation. However, he was acquitted of these charges.

7. Fortune and Bankruptcy: Despite earning and losing several fortunes throughout his lifetime, Livermore's trading career was marked by both incredible successes and devastating losses. He declared bankruptcy multiple times.

8. Market Timing: Livermore was known for his ability to time the market, often making large profits by accurately predicting major market movements.

9. Tragic End: Livermore struggled with depression throughout his life and tragically committed suicide on November 28, 1940, at the age of 63.

10. Legacy: Despite his personal struggles and ultimate tragic end, Jesse Livermore's trading strategies and experiences continue to be studied and revered by traders and investors around the world. He left behind a lasting legacy in the field of stock trading and market speculation.

If this article was useful and helpful for you, support and donate any amount, thanks in advance:

https://nowpayments.io/donation/Nftcraft
https://www.buymeacoffee.com/nftcraft
https://ko-fi.com/nftcraft

#trading #stocks #markets #exchange #stockmarket #livermore #jesselivermore #trader