The Life of Jesse Livermore

Jesse Livermore, Wall Street legend and "The Biggest Short", in his office in 1929. In 1929, during the Great Crash, he made $100 million from shorting. His strength reached the highest level of his life.

Since then, it has gone downhill; It wasn't until ten years later that he killed himself.

Jesse Livermore's eventual bankruptcy was caused by his refusal to admit his mistakes in the bear market and his constant margin calls.

As far as I can tell you about Jesse Livermore's deeds:

1.He is very good at speculation, but he does not know how to keep money. He spends money like water, and it is said that he is very extravagant.

2.Borrowing operations. Not only him, but the German stock god Kostolani also went bankrupt because of borrowing money**, and in the end he insisted on a principle: never borrow money**! It should be noted that you will not go bankrupt if you do not borrow money**.

3.Didn't act by their own rules. Chen Jiangting, the author of the famous book "The Wisdom of **", also did not sell it when it was time to sell, but turned a profit of $8,000 into a loss of $2,000.

So if we want not to go bankrupt, we must adhere to several principles: don't borrow money**, stop loss, and don't make ends meet.

Jesse Livermore was a genius who went bankrupt several times and got back on his feet, but still ended up bankrupt because he didn't learn anything but speculation.

Let's put it this way, if a person takes the test, summarizes what knowledge he made mistakes after the test, then learns, recharges, and then goes to the test, his score will continue to improve.

However, human beings are a polyhedron and must be in full contact with external things in order to give feedback on the completed humanity and to be able to comprehensively analyze and correct themselves, which is not enough in an environment alone.

Moving on to the exam, if this person only replenishes the knowledge he has not learned and recharges the knowledge he has not been exposed to every time he fails, and cannot analyze his systemic weaknesses at a higher level, revise his study habits, or even change his personality to adapt to this environment, then he will not be able to get a full score steadily.

Speculative business is difficult, there are no textbooks, and there are only a few questions at a time (see how many goods are in the warehouse, and there is only one question in the whole warehouse), and a certain very small weakness and discomfort is enough to make people bankrupt;

Jesse Levier has a suitable operating system for himself, but he does not have enough philosophical ideas to support his survival and the understanding and thinking of the whole society in real life, and every time the whole speculative environment changes, it is prone to failure (several bankruptcies have a lot to do with this), which belongs to the immaturity in speculation, and it is also equivalent to the immaturity in social life - this barrel itself has a lot of short planks, and it is not able to withstand such a high water level, and in the end it can only stumble and end up depressed.

First of all, it is necessary to learn the basic knowledge, and it is necessary to take the qualification certificate, which is the threshold.

Then start from the company to be a customer, learn while doing, ** hand, easy to say, actually contains many aspects of knowledge, **knowledge, **spot knowledge, finance, economics from macro to micro, industry analysis, etc., and even mathematical statistics, which is okay, are all books, the most important thing is the mentality, an excellent ** hand operation of funds are less than hundreds of millions of levels more than tens of billions, psychological pressure is very great.

Start slowly from the grassroots level, only when you start, will you know what you should do and what you should not do.

It's really nice to have an ideal, good luck!

Finance, Corporate Finance, Financial Markets, Options, Derivatives, Commercial Banking, Banking, Investment Banking, International Finance, Investment, International Settlement, Risk Management.

Ancillary courses too, like linear algebra and probability theory, accounting, it macroeconomics, international finance.

Economics, International Economics, Public Finance, Finance, National Economic Management, Economics, Insurance, Financial Engineering, Credit Management, Network Economics, Sports Economics, Investment, Environment, Resources and Development Economics, Real Estate Management and Estimation, Statistics, International Culture, Taxation, Taxation.

After completing these courses, you can take a ** from the qualification. Go to the talent market to find a ** company, and be a ** manager first. It's the Lala people who come a**.

There are a lot of things you need to know to do an ordinary ** hand, if you want to do this you need to contact the institution or someone with a lot of money, such a position is generally not easy to obtain, someone must introduce you or you have enough fame, if not, then the possibility of this wish to come true is very slim.

If you really want to do it, then please start from buying and selling**, and you must fight.

There are a lot of free knowledge on the Internet, it is very convenient to learn, Yunmeng Forum is an interactive community platform dedicated to providing new investors with learning and exchange, where there is a special entry area, you can go up to learn more.

In addition, it is recommended that you buy some basic introductory books to read, such as "New Shareholders Practical Exercises", which is worth reading.

Let's go read a few books.

1."**Great Technique**" Douban score: 8

There are not many classic books on investment, and "The Great Technique" is one of them. The book's fame is inseparable from its author, Jesse Liver, known as the "King of Speculation".

2."The Wisdom of **" Douban score: 9

A thief's skill is not to steal, but to escape when it is critical.

3."**Trend Technical Analysis" Douban score: 8

In the field of technical analysis, there are two masterpieces that can be compared, one is "Market Technical Analysis" and the other is "Trend Technical Analysis".

For **, it should be Jesse. Livermore (according to the transliteration).

He was already worth hundreds of millions of dollars around 1912, but it didn't end well.

Warren Buffett is just a legend to us, don't take it too seriously. Livermore really made it on his own, and he lost it a few times in the middle and made a comeback.

In fact, you should look at the biographies of Soros and Buffett, and you will be able to know, **It turns out that this is how it was played.

**,, excludes**foreign exchange, it should be Buffett.

** Star asks stocks.

For question 1: ** is a valid certificate of ownership of the purchaser (shareholder) offered by the joint-stock company in order to raise the capital of the company's operation, and the company can be entrusted to sell. **Dividends and bonus income have a lot to do with the company's operation and profitability, and will also directly affect the rise and fall of the company;

Question 3: Classification, what is the so-called Shenzhen, Shanghai refers to the Shenzhen ** Exchange and Shangzi Jianhai ** Exchange listed, A shares are the most common RMB**, B shares are domestic listed foreign shares (domestic listing is mainly to attract foreign capital), H shares, N shares, S shares, etc. refer to overseas listed foreign shares (H is listed in Hong Kong, N is listed in New York, S is listed in Singapore, respectively, the first letter of English), it should be easy to buy, but some have to be exchanged for the currency it requires;

Question 5: How do you say this, do what you can, 1000 yuan is about the same.

Question 6: This is not needed, hehe.

1.Misunderstanding, first of all, we buy the money is not given to the listed company, the listed company raised funds in the primary market, that is, when the first issuance, the money raised at that time went to the pocket of the listed company, followed by the secondary market, that is, the buying and selling market, the money is in the bank (previously in the company), the company's profit is an aspect of stock price fluctuations, but not absolutely, mainly the impact of a supply and demand relationship, less money in the market and more than the land to infiltrate the front to go to that ** rise, Otherwise, it will fall, the main impact on the relationship between supply and demand is the national macro policy, and the company's future expectations, if most people expect the company's future to be bright, the market will be robbed by the public, the stock price will go up. The profit and loss of the entire ** market is balanced, some people make and some people lose, there is nothing to do!

Cents, that's the dividends of listed companies...

2.It is best to choose a big company, the platform should be better, the information will be more, the rankings of the Pacific ** company are after the test, each ** company has its own trading software, other third-party trading software is not recommended to use, personal information is easy to be leaked, the software is secondary, the key is to hide in the understanding of the market.

3.There are two kinds in China, A B shares, A shares are traded by Chinese people with RMB, and B shares are also played by gringos (when people Chinese can also trade) with US dollars!

Yuan can only buy **, 100 shares below 10 yuan, and the minimum is to buy 100 shares**!

6.Personally, it is recommended to find a good account manager, which can save you a lot of tuition, and a good broker is the first step to your successful investment! I am also engaged in this industry, working in Nanjing Huatai **, if you have any questions, you can hi me.

You have a lot of questions, although they are not difficult, but they are also a little shallow and a little difficult to answer.

Question 1: Only when the listed company issues **, the money you buy will go into the account of the listed company. And your buying and selling in the secondary market is all a rotation between shareholders, and this money will not go to the listed company.

In other words, when someone earns, someone must lose. One will become ten thousand bones withered, so the vast majority of shareholders lose money is a positive phenomenon of wisdom.

Question 2: Trading software and analysis software are two software, but the company will integrate the two software for the convenience of shareholders, and similarly, it can also be used separately. Therefore, if you open an account with a company that is stupid and trapped, you must use other trading software, but it doesn't matter which one you use for analysis software.

You are now using the unity of money and dragons and great wisdom, it is enough, the software is just a tool, the main thing is that you can use it easily.

Question 3: You can buy Shanghai A, Shenzhen A, don't pay attention to the rest.

3.Don't get into those 100% success rate charges**, lie to you and don't negotiate.

Question 5: 1,000 yuan is already very cautious, not less. Your knife is so mini.

Question 6: Be kind, you can do it.

You open an account first, and slowly you understand everything, we told you, you also know a half-understanding... Shanghai A, Shenzhen A, is RMB business, Shanghai B, Shenzhen B and other foreign currency business, you only need to open A shares! The account opening fee is 90 yuan for Shanghai A and Shenzhen A!

Software refers to the software designated by the ** company where you open an account! I don't feel safe with anything else! Weihui!

And there's your account balance on top! You are just learning the reputation pants - buy **Try to find about 5 yuan to buy! It's not a lot to accompany!!

Question 2: Yes, one software is enough.

Question 3: A shares and B shares, of which A shares are divided into ** and Shanghai market, generally open an account to open Shenzhen A and Shanghai A.

Question 5: ** There are losses and gains, because there is a fee for dissipation, and the principal is more than 5,000 to be more economical.

Learning is a process of accumulation, even if you answer your questions one by one in detail, it does not mean that you can understand, because for beginners, you will use some professional terms when you ask questions, and when you don't understand these professional terms, you will generate new problems, and when solving new problems, there will be more questions that you don't understand, learn slowly.

About**knowledge,You can go to the professional** to learn and communicate,Denim.com is a very good professional****,There are many professionals in it to do ****live analysis,It will also analyze ** for you**. You can search for cowboys.com. Hope it helps

Problem 1: Your money will not go to listed companies, but only transactions between shareholders.

Question 2: Money Dragon, Straight Flush, and these software can all be entrusted to trade.

Question 3: A shares are traded in RMB, and B shares are traded in foreign currency.

Question 5: It is recommended that 2000 3000 yuan because you buy 1000 yuan ** will charge you 3% tax That is to say, you should pay 3 yuan tax but the tax deduction is at least 5 yuan So you buy 1000 yuan ** deduct your 5 yuan tax So you buy 2000 yuan ** It is more affordable.

The source of the problem is rotten six: pure handmade thank you for the cracked head to give points.

Don't say much about other problems, 1000 yuan must not be enough, because the brokerage has a minimum commission standard, in and out of each charge that the loss rate is very amazing, you will lose. Second, buying ** is bought by hand, and the scope of 1,000 yuan will be greatly limited.

If you practice it yourself, you will understand everything, hehe. **Like doing business, sell low and sell high, but it is quite difficult to do this.

Gai XiangThe nuclear eggplant is also defeated.