🔥🚨🔥Jesse Livermore trading legend🔥🚨🔥
📝 **Early Beginnings:** Livermore started trading at a young age, initially in bucket shops, before moving to the New York Stock Exchange.
📝**Market Wizardry:** Known for his uncanny ability to predict market movements, Livermore earned the nickname "Boy Plunger" for his daring trades.
📝 **1929 Crash:** Livermore famously shorted the stock market before the 1929 crash, making an estimated $100 million profit (equivalent to 1.6billions today).
📝 **"Reminiscences of a Stock Operator":** Livermore's book, written under the pseudonym Edwin Lefèvre, is considered a classic in trading literature, detailing his experiences and trading philosophy.
📝 **Bankruptcies:** Despite his successes, Livermore faced financial ruin several times due to his aggressive trading style and personal struggles.
📝 **Market Manipulation:** Livermore was involved in market manipulation schemes, although he faced legal consequences and public scrutiny for these actions.
📝 **Trading Principles:** Livermore emphasized the importance of following market trends, managing risk, and controlling emotions, advocating for cutting losses quickly and letting profits run.
📝 **Technical Analysis:** Livermore was an early adopter of technical analysis techniques, using charts and patterns to identify trading opportunities.
📝 **Psychological Insights:** Livermore understood the psychological aspects of trading, recognizing the influence of fear, greed, and crowd psychology on market behavior.
📝 **Enduring Influence:** Livermore's trading strategies and insights continue to be studied and applied by traders and investors worldwide, cementing his legacy as one of the greatest traders of all time.
Please press follow for more updates and interesting information. Your follow is motivation to do better. Thank you.
DYOR for financial activities. NFA.
