Jesse Livermore

Profit chart of trader Jesse Lauriston Livermore – Equity deposit

Jesse Lauriston Livermore (English. Jesse Lauriston Livermore; 1877—1940) - stock speculator of the early XX century. Famous for the, that I managed to earn several times and then lose fortunes, estimated in millions of dollars. Also known for his short selling (uncovered sales) during stock market crashes 1907 And 1929 years, for which he received the nickname "Great Bear"[. 28 november 1940 of the year, deeply depressed, Livermore committed suicide.

Perception of loss

Quite a few books and articles have been written about, how to make money in the markets. Some of them are even written by people., who made money themselves as traders! but, you do not often see books or articles dedicated to this, how to properly lose money when trading. “Cut your losses and let your profits grow” is the most common advice. How to define, when the position becomes losing? Interesting, but most traders, whom I knew, could not clearly formulate the answer to this question, when you opened your positions. They focused on entering, but then, did not have a clear idea of ​​the exit especially, if this exit was in the "red zone". I am convinced, that one of the real problems is the difficulty of traders to separate the reality of a loss in a particular trade from the psychological perception of oneself as a loser. At a certain level of their development, many traders equate trading losses with personal failure. It upsets and depresses them, making them uneasy. Eventually, it affects their future decisions, because their gains and losses become arguments against their self-worth. As soon as a trader starts to focus on himself, instead of concentrating on the market, distortions in trading decisions become inevitable.

Jesse Livermore / Jesse Livermore

Jesse Livermore – great trader started 20 century. One of the earliest trend traders. Among traders and investors Jesse Livermore was known by the nicknames "Young Grip" (Boy Plunger) and "Miracle baby" (Wonder Boy). He became famous for winning and losing millions of fortunes during the stock market crises. 1907 And 1929 years. Jesse Livermore was born in Massachusetts, in a family of farmers, and left home at fifteen, to later become a great trader (according to legend stagecoach, where he left, stopped near a brokerage office, defining the profession of a young man). His mother supported him, unwilling son, per year completed a three-year mathematics course, farmer's fate, father was against. At his first job in Boston, Jesse Livermore wrote quotes on the board at the brokerage office of Payne Webber.

Biography of trader Jesse Livermore | Stock trading

Jesse Livermore. The Great Loner. Original Trend Trader On Wall Street, everything is always the same. Speculation is as old as this world: today on the stock exchange is that, what has already happened before and what will happen again later. Jesse Lauriston Livermore People are wondering about, where are such great traders, like Ed Sokota (Ed Seykota) find inspiration and role models? Jesse Livermore (Jesse Lauriston Livermore) one such person, lived in the beginning 20 century. He is one of the earliest trend traders.

Memories of a stock speculator: Lessons from Jesse Livermore's Success

Введение В мире биржевых спекуляций сложно найти более легендарную фигуру, than Jesse Livermore. His life path is not only a success story, but also powerful lessons for those, who aspires to succeed in the stock market. In his book “Memories of a stock speculator” Livermore shares important strategies and principles, which are still relevant for traders and investors.

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