Source?
Is Jessie Livermore trading still work with internet ?
- Thread starter viruscore1
- Start date
His bankruptcy petition was dated March 5 1934, The SEC was formed 6 June 1934
Did he trade commodities after 1934?
His trading from the 1930's is not well documented. All we know for sure is that he lost it all and went bankrupt in early 1934.
Some say he lost his fortune after he covered his 1929 shorts but then went back in long too early after the crash.
He also got divorced in 1932 and his wife got custody of his kids. She took him for $10million i think. There were other business lawsuits against him as well.
Markets were probably low vol for most of the 30s during the Depression. The new SEC rules no doubt played a role in preventing any sort of recovery as well.
On a separate point: According to wikipedia Livermore's great granddaughter ,Tracy Lynn Livermore, is the porn star Brandi Love
And her father, grand father and great grandfather were all named 'Jesse Livermore', and all three of them committed suicide
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Livermore's insights are timeless & priceless. The core of my trading plan was created from what I learned from his book 'How to Trade in Stocks'. He is to trading what Jimmy Hendrix was to guitar enthusiasts.
His estate when he died, in terms of today's value, is over $83,000,000. A far cry from dying broke as some people will always chime in on. He did kill himself at 64, some people write him off because of that, I sure don't.
His estate when he died, in terms of today's value, is over $83,000,000. A far cry from dying broke as some people will always chime in on. He did kill himself at 64, some people write him off because of that, I sure don't.
https://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore
There are links to some pdf books including Reminiscences of a Stock Operator.
https://www.healthline.com/health/depression/genetic
"Feelings are real but they aren't real", Don Harmon.
There are links to some pdf books including Reminiscences of a Stock Operator.
https://www.healthline.com/health/depression/genetic
"Feelings are real but they aren't real", Don Harmon.
Big bullshit. Human behavior never changes. His pivot points (aka double tops/bottoms) work just fine...
That also means he had smaller fortunes. He made plenty of money multiple times. Read anything without bias. He also always paid back his backers. Stop hating...
The biography makes the point that he could not make money in stocks after the SEC was created.
I agree he made money in lots of markets and years. His biggest trade was being short in 1929 using information from the Bank of England.