What is the life of Jesse Livermore?

Born in 1877 and died in 1940, he was born into a poor peasant family. Graduated from primary school with a low level of education, but a high IQ. (In fact, the genius writer Shakespeare had the same education as Rivermore, both graduated from grammar school, and did not continue to go to school after graduating from elementary school.)

It's just that the great writer is more than 300 years earlier than Rivermore, and the great writer's wife is named Anne Hethwe), when he was in elementary school, he learned the math course in 1 year and 3 years. At the age of 14, he began to work in contact**, and at the age of 15 he began to speculate for the first time and succeeded, and has since made a living from speculation. In his 48-year speculative career, he went bankrupt four times.

In 1929, the short seller was a great success, and as mentioned by a classmate earlier, he obtained 1 40 of the federal tax revenue of the United States that year, which is a lot of money! This kind of achievement is unprecedented, and there is no one else to come! In 1931**, with the squandering of life, half of his wealth was removed, and in 1934 he went bankrupt for the fourth time, after which he continued to accumulate property, and he would only make money by speculation all his life.

The greatest contribution was the formal introduction of the Breakthrough Method ("Breakthrough and Practice", buy high and sell higher, rather than buy low and sell high), which is still called the "master's skill" to this day, because for most people, the breakthrough method is anti-human (or uncomfortable) and high-risk. The tragedy is that the negligence in the management of funds, so the career ups and downs, like the story of all those who come after it. (A trader who pays attention to money management will never blow up) lived a self-disciplined life when he was young, but unfortunately he was addicted to beautiful women and fine wine in middle age, which destroyed the self-discipline habits of his youth, which was inseparable from his later declining career.

Later, even if he went bankrupt, he lived better than most people, not poor, and some people said that he only left an inheritance of $1,000 after his death, which is a rumor.

Jessie Livermore, the lone wolf of Wall Street, is truly an amazing figure.

Take a look at Jesse Livermore's work, one is Walking into My Trader's Room and the other is The Art of Trading.

After reading these two books, my impression of Jesse Livermore is that he is a very gifted person, he is extremely sensitive to numbers and some data analysis, and he is also a very courageous person. Dare to gamble in the midst of danger and crisis.

At the same time, he was a man of great luck, probably one of the people who were favored by God, but Livermore's later losses were mainly due to the huge wealth and the extravagance of her personal consumption, which was also due to some disdain for the market.

In any case, he is a very legendary figure, and he has also given a lot of inspiration to those who later made ** investments.

Jesse Lauriston Livermore (1877-1940), born in Massachusetts, USA, was a living legend on Wall Street in New York in the 20s of the 20th century, and was the most fancy millionaire of his time. Jesse Lauriston Livermore: A lifetime of greatness, a body of madness.

jesse lauriston livermore-——the wallstreet's boy plunger。

Livermore's strength is not that he has a strong collective resource. He was the largest individual investor on Wall Street, and he operated independently, judged and traded alone. He never needed gossip, insider information, or teaming up with someone to sit in the bank.

What is even more commendable is that in his books and memoirs, he generously and frankly confessed his own feelings, the reasons behind his successes and failures, without the slightest concealment, and was honest with every reader. Every serious reader will be inspired by the wisdom of the book, by the wise "rules" of the book – and not only that, but Livermore also points out the dangers lurking in the volatile market** like a beacon light. Livermore's operating methods have been extended by later generations and have bred various contemporary schools of technical laws, and it is not an exaggeration to say that Livermore's operating system is the root of Wall Street trading technology.

Therefore, investors of all sizes, especially independent investors, can learn how to pursue advantages and avoid disadvantages and correctly grasp themselves from their operating concepts and methods.

As far as my personal feelings are concerned, as a leek who started to ** before entering college, when I first saw "** Memoirs of a Writer" in the university library, it can be said that I didn't understand much after reading the whole book for the first time, and I was not afraid of the jokes of the officials. As my understanding of trading continues to deepen, there will still be new feelings and gains, which can not help but make people feel emotional. The book has incisive descriptions of the understanding of market trend changes, the understanding of operations, the analysis of human nature, the description of trading ideas, and even the problems of inside information and manipulation of the banker.

A very great trader, the ups and downs of his life, the mental journey of trading, let every trader have a deep resonance and experience, but also for every trader to wake up the alarm. "Nervousness, loneliness, loneliness, doubts, and even inexplicable fears are almost the constant companions of the ** operator. "— Stanley.

Crowe"You must accept my sincere gratitude and gratitude because you feel and understand so deeply the vulnerability and loneliness I have experienced in trading. Only a trader can understand that dark feeling. "—Ghost "It's the most unkind business in the world, and I've been thinking about it for a long time, and I feel that the cruelty of this profession makes me physically and mentally emaciated, and I am very miserable about it, and I have to endure a chronic illness that is the result of a long battle with the market, the result of the torture of the market.

I don't know if you feel the fact that the market is extremely indifferent, you can't be hypocritical, you can't slow down, you can't stop, because the numbers change every hour of the day, and this change becomes a disease for you, and one day, you will be completely eliminated by this disease. Yes, I'm sure of this, it will definitely not be you who will destroy the disease, but the disease that will destroy you. —Soros "Want to hear about my failed investments?

How much time do you have to listen? (too many to say)" — Warren Buffett Perhaps the only fortunate thing is, as Crowe says, that we can learn from his life of ups and downs of speculation, but he didn't have the conditions to do so at the time.

Jesse Livermore, a living legend on Wall Street in New York in the 20s, was the most fancy millionaire of his time. Jesse has blonde hair, blue eyes, and a thin build. He was unkempt, his suit was always crumpled, and his tie was crooked.

The descendant of this Englishman always had a cigarette in his mouth and smoked 10 Havana cigars a day. The following shot was taken after the Great Crash of 1929, when Jesse Lauriston Livermore shorted and made a huge cash profit of $100 million. In Western capitalist society, the risk of doing ** business is the greatest, and some people become nouveau riche overnight, but they may also become poor overnight, or even in debt.

Although the risk is very high, to this day, the ** market trading floor in New York, London and other places is always crowded. Just like entering a casino, it is common for winners to laugh and cry when they lose. Jesse Lauriston Livermore was born in the United States on July 26, 1877, and has tasted the taste of buying and selling **** at the age of 14.

At the time, he was a small clerk who made only $1 a week, and he was writing on the board at a Boston brokerage.

He is very clever and can quickly apply the percentage Qi infiltration bureau to indicate the ups and downs of **. Every evening, when he copied these ** prices and percentages into his pen shouting notebook, he could quickly see from them some ** change trends. If it weren't for his quick mental arithmetic, he would have been there all along.

In 1917, Livermore restored its prominent reputation on Wall Street. On May 13, 1917, an article in the New York Times said: Wall Street's pompous and untrue traders exit:

Today's speculators are more like students and economists than the market speculators who fanned the flames of the past. The article specifically mentions Livermore and Baruch, and further highlights that they are market players and influential and successful traders on Wall Street.

From the winter of 1928 to the spring of 1929, the bulls were in full swing. Livermore went long all the way and made a considerable profit. He then began to pay attention to whether the head of the market would be formed.

At the beginning of the summer of 1929, he flattened all his long positions and changed to sell whenever he rose. He also believes that the market has overgrown. He saw that after the market rose sharply, he began to move sideways, changing the original surge trend.

He began to send spies into the air to probe the situation. Throughout the 20s, Jesse made money by going long in the ** big market. But in 1929, when Herbert Hill pointed to Hoover as the first to become the first to be the first to be the world, Jesse felt that the uncertainty of the country's economy had made the market appear in a situation that he had never seen before, and it was simply too good to believe.

One day in March, he was an industrial short, then turned to the iron road, and when rumors were made that he was going to fight here, he turned to the oil company**. The next day, he bought and sold, and in the 3-hour sortie of Lu, he made $200,000.

**The trading commission has long made all kinds of regulations for short positions, but at that time, Jesse was a very large short, so that as long as it was rumored that he was short selling, he would make a certain kind of ****. Jesse's office is on the 18th floor of the Hekshere Building. The janitor downstairs took his money, so when the visitor Jesse didn't want to see came to visit, the janitor said:

There has never been a guy named Jesse Livermore. "If the visitor is by appointment, the janitor will check the list of visitors that Jesse has booked. The visitor model digs into the door of Jesse's room, and a bodyguard will come to conduct a security check.

There were about 60 people in the room looking after **, the telegraph, and the **** automatic tape. They also have a large block of **** columns that reflect the latest **. It was the most sophisticated command of the era, and it provided Jesse with an up-to-date internal analysis of the movements, as well as the latest news on Wall Street.