Why Jesse Livermore never managed others' money?

Quote from austinp:



647 online ET users is roughly 1% of the "membership" tallied. Where's the remaining 99% of historical members?
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They are all just old thorn, BlueStreek, or Coinz IDs?

Or all the people that said "I guarantee the market has topped..." :p
 
Ridiculous analogy. Is the gun show in your example open to the public 24/7 365 days a year? Hardly.

I'm sure Baron can tell advertisers how many unique users visit ET each week.....
Quote from austinp:

<i>"02-26-07 06:24 AM
Currently Active Users: 647
There are currently 224 members and 423 guests on the boards. |
Most users ever online was 833 on 02-22-06 at 03:07 PM."</i>

**

<i>Post-Retirement:</i> Our small-town gun show will easily have more than 1,000 people present inside the complex at any given time. Many of them are quite wealthy... lots of millionaires in there.

647 online ET users is roughly 1% of the "membership" tallied. Where's the remaining 99% of historical members?

Same core people on a repeated topic in this thread. A few new eyes here & there, as the revolving doors spin.
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A captive audience is found in both....but the candy store cannot compare to each other.....


Quote from Pa(b)st Prime:

Ridiculous analogy. Is the gun show in your example open to the public 24/7 365 days a year? Hardly.

I'm sure Baron can tell advertisers how many unique users visit ET each week.....
More...
 
<i>"I'm sure Baron can tell advertisers how many unique users visit ET each week....."</i>

<b>Prime</b>, you are quoting me out of context. The point to that was, this is a very small community of regular contributers. I realize 60,000+ have passed thru to sign up for an alias. Unique visitors mean squat to conversations. How many return on a frequent basis? One percentile?

This is the group which continues to rehash the same topics over time. That was my point :D
 
I have read "Reminiscences of a Stock Operator" (ISBN: 0471770884), but I am wondering if anyone here have read "Reminiscences of a Stock Operator Illustrated" (ISBN: 0471678767). What's the difference between the two?
 
Quote from austinp:

<i>"I'm sure Baron can tell advertisers how many unique users visit ET each week....."</i>



This is the group which continues to rehash the same topics over time. That was my point :D
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Some topics seems to hold a fascination or usefulness for long periods of time. as for new blood the number of new members doesn't seem to be growing fast. at any given time the number of people willing to respond is a very low percentage. a 1 per cent response of the number who view
a thread would be rather high for this message board. it is not necessarily a good or bad thing.
to the credit of Baron he is open about these numbers.

my question is why has jessie livermore remain a fascination to traders for many decades and continiues to be a subject of interest to the present?
 
Maybe because Livermore's book has summarised the major points in trading rules and thereafter other authors merely repeat the same notion?
E.g. I find Darvas' advice as another version of Livermore. And since Livermore was earlier, I deduced that perhaps Darvas was influenced directly or indirectly by Livermore.
I am sure his fame helped too.
 
I am done with this thread, so I said. But I am reading Hedgehogging by Biggs over the weekend. Biggs worked for Morgan Stanley for 30 years, then he started his own hedgefund.

Anyway, page 31:

"In my agony I took out and reread passages from my trading bible, Reminiscences of... by Lafavre....
...the book is the distilled trading wisdom and market anecdotes of a professional trader..
Markets haven't changed that much a century later.It is by far, the best trading book ever written."

There you go...
 
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