Profile of Jesse Livermore
Biography
Jesse Livermore is a stock market legend. In a lifetime spent on Wall Street, he made and lost four stock market fortunes.
Livermore broke new ground in trading the market. His timing techniques, money management systems, and high-momentum approach to trading in stocks and commodities were revolutionary and remain valid today.
Livermore ran away from home in 1891 at 14 years of age, with five dollars in his pocket, and immediately started as a board boy in the offices of Paine Webber. He made so much money he was banned from the 'Bucket Shops' of Boston and New York.
He made a fortune in the crash of 1907, and later lost it, only to make it and lose it several more times.
In the panic of 1907, J.P. Morgan personally implored Livermore to stop selling-short, stop pounding the market into oblivion. He made 3 million dollars in one day during the panic.
He sold the market short before the crash of 1929, and entered the depression with $100 million in cash.
A mysterious secret trader, he worked out of a palatial penthouse, a highly secure office fortress on Fifth Avenue. Where he traded in absolute secrecy. Once the market was open no one in the office was allowed to speak until the market closed.
Jesse Livermore ended his own life with a self-inflicted bullet to the brain, ending one of the most dynamic careers in Wall Street history. A complex genius whose life ambition was to win on Wall Street, and he did.
He wrote the classic How to Trade In Stocks and his exploits were recorded in the greatest book on speculation of all time - Reminiscences of a Stock Operator
Books by Jesse Livermore
How to Trade In Stocks, paperbackMore on this books at the Global Investor Bookshop
How to Trade in Stocks, hardbackThe Jesse Livermore secret trading formula for understanding timing, money management, and emotional control
More on this books at the Global Investor Bookshop
How to Trade in StocksThe Livermore Formula for Combining Time, Element and Price
More on this books at the Global Investor Bookshop
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