Why Jesse Livermore never managed others' money?

many consider him the greatest of all time. in part because he made one million $ in one day... the day the mkt crashed in 1929...... imagine that in todays money

but rules and regulations and information tech has changed so much.... traders of that era would most likely not be able to trade their way out of a wet papper bag today.

but who really knows?
 
You guys are Joking right?

I was about to post this, did you guys JUST only read the cliff notes? There was quite a bit about him in one chapter working large orders back in the day for rather large clients.



Quote from longdongsilver:

he did manage other people's money.

what makes you think he didn't?
More...
 
one of the tricks big traders did at the start of the century (1900s) was.... either pay off a publisher or be partners with one.... they would short a perticular company,

then have the publisher's paper put out negetive news including lies about that company..... price would fall... trader made $.

it also worked the other way around.... but not as good.

if you dont believe me ask jack hersey
 
he made one million $ in one day... the day the mkt crashed in 1929...... imagine that in todays money
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Todays money = 12 m
 
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