Things I Learned About Life

James Altucher was the managing director of Formula Capital, an asset management firm and fund of hedge funds. He’s written five books on investing: Trade Like a Hedge Fund, Trade Like Warren Buffett, SuperCash, The Forever Portfolio, and his latest book, The Choose Yourself Guide To Wealth. He currently writes at Jamesaltucher.com and has released a newsletter, The Altucher Report. Mr. Altucher is the founder of Stockpickr.com, a social network for finance that had millions … Continue reading

Jesse Livermore 25 Trading Lessons

Jesse Livermore was born in 1877 and he is probably considered one of the most famous trader in history. He started trading at the age of 14 from bucket shops (an unauthorized office for speculating in stocks or currency using the funds of unwitting investors). His tape reading skill was so good that these bucket shops eventually didn’t want to do business with him. Jesse Livermore led a life of brilliance and excess, surrounded by … Continue reading

The Wisdom of Jesse Livermore

Jesse Livermore led a life of brilliance and excess, surrounded by mistresses, scandals, money, and bankruptcy. He was a legendary trader who played big and made millions during the crash of 1929. But by 1934, Livermore would have depleted the $100 million fortune he earned on the stock market just five years earlier. He declared a third bankruptcy, went through his second divorce, and committed suicide in 1940 — the newspapers then detailing his scandals … Continue reading

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