Jesse Livermore is one of the most iconic and influential traders of all time. He is often cited as the main inspiration for a lot of professional traders.
He was nicknamed The Boy Plunger after he successfully predicted the 1907 and 1929 market crashes, making huge amounts of wealth each time.
At the height of his trading career, he had made $100 million, which is the equivalent of about $1.4 billion in terms of today’s money.
The part biographical – part fictional book ‘Reminiscences of a Stock Operator’ tells the story of Livermore’s life.
His life is truly an incredible story, having lost his entire wealth on more than one occasion and subsequently making it all back again.
This is a story of the do’s and do not’s for all traders.
In this video we look at his background, how he got started in trading, his investment philosophy and some of his tips for traders.
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