The true words of Jesse Livermore

True words and thoughts by Jesse Livermore on Trading

Introduction In 1929 Jesse Livermore’s fortunes were at their zenith. He had made a profit of $100 million dollars shorting the markets during the great crash. Yet, by 1934, he was bankrupt. In just five short years one of the greatest stock-traders the world has known lost his entire $100 million fortune. We cannot blame this on the inadequacy of his trading rules – they were fully formulated by then. We must conclude that he … Continue reading

The game of speculation quotes

The trading game of speculation by Jesse Livermore

Speculators are not interested in putting their money into a stock or commodity for a long time. They want to see a good profit quickly – on a time scale of minutes to months. If their money does not quickly perform well in a situation, they move it into another situation. In pursuit of greater gain, speculators take greater risks with their capital than people who put their money into Savings & CD Accounts. For … Continue reading

Quote Master plugin and widget quotes

Even if you are an expert who spends 24 hours a day keeping an eye on all the fundamental developments that can influence the market, the reliability of your forecasts will still be relative. Carl William Brown A fool sees not the same tree that a wise man sees. William Blake Experienced traders control risk, inexperienced traders chase gains. Alan Farley The answer to successful trading cannot be found in any coach, book, or system. … Continue reading

FTSE 100 loses more than £60bn

London index and Germany’s Dax fall sharply as global markets reel from worst day in Shanghai and Hong Kong since 2007

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