Jesse Livermore - The World's Greatest Stock Trader

http://www.MarcMenninger.com I deliver my speech about Jesse Livermore to the Cascade Toastmasters club.

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[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.

[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.

[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.

[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.

[marcmenninger]

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

[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.