During the 1929 crash, one of the most notable anecdotes was the story of Jesse Livermore, a legendary investor who managed to amass a fortune during the market collapse.

In the months leading up to the crash, Livermore observed excessive speculation and an increase in the purchase of stocks on credit.

"These signals told him that the market was dangerously overvalued."

Based on his analysis, Livermore made the bold decision to "go short" the market, and when the market crashed in October 1929, Livermore had accumulated a series of short positions, allowing him to earn approximately 100 million dollars, an extraordinary sum at the time.

This move not only cemented his reputation as one of the greatest speculators of his time, but also offered him a lesson in the importance of following one's own analysis and not getting carried away by the euphoria of the moment.

Something similar is happening now with the memecoin fever, a high degree of speculation and euphoria at the launch is followed by a fall, which in many cases exceeds the initial price. If we can learn anything from Livermore, it is to be cautious with excessive enthusiasm and to carefully observe what the masses do in these launches, and in moments of maximum euphoria, overvaluation and enthusiasm in the market.

Other keys to keep in mind are to remain calm and disciplined, study the market in depth, risk management, make contrary decisions when supported by your analysis and an issue that great investors, traders and speculators have replicated for decades: learning from mistakes.

The ability to learn from mistakes quickly and adjust the strategy is so essential that if you look closely you will know that it does not matter how hard the fall was, but how quickly you learned to stand up.

And this skill essentially comes from knowing what you are doing.

Because investing in knowledge always pays the best interest.Warren Buffett

These are reading times.