Jesse Livermore Quotes - 10 Powerful Lessons and Trading Rules
Updated: Feb 21, 2022
Jesse Livermore is one of the most famous traders in the history of the world.
The story of Jesse Livermore in Reminiscences of a Stock Operator book is must-read information for all the traders.
He made several million dollars during the 1907 and 1929 market crashes. He was carrying a massive short position during the 1929 crash and made over 100 Million Dollars, which is equivalent to 1.5 Billion in today's dollars.
Unfortunately, his life takes a bad ending as he commits suicide after his third marriage.
There are many debates around this topic, but I would like to focus only on the powerful lessons that anyone can use as trading principles.
(Image Source - The Duomo Initiative on Medium)
1. A prudent speculator never argues with the tape. Markets are never wrong, but opinions often are.