Jesse Livermore - The World's Greatest Stock Trader

[musicman30000]

There is a lesson about trading to be learned. There is a human being that made good and bad choices to be learned. Lots of wisdom here to be learned. Those are just Several reasons I love reading about Jesse Livermore.

[bigmoneytrader2011]

If you read his books you find out that Jesse had gone through 3 bankruptcy. Lost 3 fortunes over the course of his trading career. Battled depression and lost his wife. That is why he stopped trading and committed suicide. Stocks and commodities are still being manipulated even today. Any one who does not believe that markets are still being manipulated send me a message and I will prove it to you!

[marcmenninger]

@bigmoneytrader2011 Thanks. I appreciate your comment.

[austenbosten]

Haha anybody who read about Jesse Livermoore knows he could care LESS about money. It was never about money to him, it was about the numbers. JL was a numbers and market freak, he was obsessed with being able to predict the market based on the numbers or the ticker. JL made and lost fortunes and never had a problem, it was only until he seemed to have "lost" his ability to "read the tape" that he wound up taking his own life and it makes sense because speculation pretty much died after '29

[marcmenninger]

@austenbosten Thanks! You made my point exactly. In the end, Jesse could no longer conquer the market and he considered himself a failure. Money wasn't his goal nor his source of happiness.

[kannanbabu61]

Jesse mastered the market and please do not undermine his abilities. He lived in the ages of great investors like Ben Graham and John Templeton (not to undermine them). But he eventually became the richest man in the world. The only problem is that he believed other traders who cheated him. There is really no material on what he did after the year 1929 but surely he is the greatest talents and even now we can make money from his methods.

[CDPuffer]

Money may not be able to buy you happieness not nether does being broke.

[whowantstogetnaked]

he was clinically depressed ...nice speech but it's not exactly true where you suggest he killed himself because he lost all his money in the market.

[marcmenninger]

@whowantstogetnaked Thanks for your feedback! My point is more that money can't buy you happiness. I think Jesse still had money in the end when he killed himself. But he was clearly not happy.

[whowantstogetnaked]

@marcmenninger then in that case, we completely agree. Good job on the presentation. Who is this for anyway? like a public speaking class or what

[marcmenninger]

@whowantstogetnaked This is for a Toastmasters club. It's a worldwide club to practice public speaking and leadership.

[clarification007]

The story on Livermore is very well explained.

But that video is worth "0". Must use a tripod.

I use that as audio: perfect.

[MrTinker53]

Well done. A very good delivery about Jesse Livermore.

Reminiscences of a Stock Operator by Edwin Lefevre. Great book about Jesse. I guess you've read it.

[Johnfong1986]

Thank for the speech. $ can't buy happiness Jesse Story always inspire me, very similar to what i,m going thought Inspire by your last Quote: on how to find "happiness" but find it very hard get it Done. The Willpower/desire over the top is what make the impossible, If one let it go they will be no-more but the ordinary. seeking Happiness V.S Purpose. seem impossible to have both. The only way is to "Live by the sword, die by the sword"