Jessie is blonde, thin, untidy and always has a crooked tie. The descendants of this Englishman always smoke 10 Havana cigars a day with a cigarette in their mouth. But it is such a person, but it can make women in new york crazy and make all their opponents tremble.
Jesse Livermore is an absolute speculative genius-his first job was as a price clerk in a Boston stock brokerage company, with a weekly salary of 1 USD. However, such a working environment allowed him to sum up a set of speculative theories to speculate on the future price according to the past price of stocks.
At the age of 20, Livermore accumulated a capital of $65,438+0,000, which was definitely a huge sum at that time, and his nickname "Speculator Boy" began. However, as a speculator, Livermore's first major success came from the analysis of fundamentals, that is, the analysis of market trends.
During the period of 1907, when the stock market was still hot, he observed that the credit environment was tightening: listed companies were willing to sell new shares at extremely low prices to step up financing, brokers were in a tight position and many companies went bankrupt, so he began to short the most active stocks in the market.
June+10 in 5438, with the crash of the stock market, Livermore's personal wealth reached a new peak of 1 10,000 dollars. With the arrival of the Great Depression in the United States from 65438 to 0929, Livermore became one of the richest people in the United States at that time because of shorting the market and accumulating personal wealth to $65438 billion.
Although Jesse Livermore didn't finish what he started, he ended up with a very tragic ending. However, as the biggest myth of Wall Street in the 20th century, both his followers and his main competitors admit that Jesse Livermore is one of the most outstanding stock market traders.
With his original ideas, he explored what works and what doesn't work in the stock market, pointing out a bright way for countless traders. He is a loner, pays attention to privacy, and his personal operations and records never leak. He didn't dare to do anything, buying stocks with record prices and breaking through resistance points. On the other hand, it is generally believed that the lower the price, the cheaper the better.
Livermore often said: every time you violate your own code, you will lose money; Obey the rules and you will definitely make money. He devoted countless efforts to analyzing the market and studying speculative theory; In life, self-discipline is very strict, and you are always required to be at the peak. He made all the mistakes made by most people in the market, but he not only learned from them, but also immersed himself in reading quotations and studying the market and continued to learn more knowledge.
Livermore believes that the stock market is one of the most difficult places to succeed, which involves many essential problems of human nature. This is why it is difficult to display one's strengths in the stock market, because it is very difficult to control and overcome the weaknesses of human nature. Livermore is very interested in the study of market psychology, and his research on psychology is no less than that on stocks and futures.
He is very keen to know every aspect related to the market. Even if most people think those fields are not suitable for securities trading, he is willing to seize every opportunity to improve his operational skills. From 1892 to 1940, Livermore actively participated in stock operation for 48 years, experienced numerous ups and downs, went bankrupt, and had amazing wealth.
Jesse Livermore's works: Memoirs of a Stock Master and Manipulation of a Stock Master are the most classic works about stock operation in Europe and America, which have been reprinted n times. Later, many outstanding masters who shocked the world stock market and futures market were his loyal fans.
This paper uses his name in Memoirs of Stock Handwriting: Larry Livingston!