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Legacy trader all time Jesse L. Livermore

(2006-12-05 09:31:50) 下一個
Legacy trader all time  Jesse Lauriston Livermore

July 26, 1877 ------ November 28, 1940       63 old

1940 ----- 1987   47 years more   He will be 110 old

Source http://en.wikipedia.org/wiki/Jesse_Livermore#After_the_Crash_of_.2729

人生  Life  人  團體  家人  情人 親人

Overview

Ironically, Livermore sometimes did not follow his rules strictly.
This lack of adherence was the main reason for his losses after making his 1907 and 1929 fortunes

WWI  1914 --- 1918
1907 ---1916  about 10 years  through a bull   from lose to gain

1930 ----  1940.12 suicide   10 yars
Great depression and big bear on stock market 30s

He was famous for sell short but failed in bear market.  it means bear not good for sell short and buy both.

World war I or one bull market make him regain his foot and marry a showgirl in 1918.    
犯忌 交易員是不能和美女生活在一起的

Warren Buffet 是 great investor not trader  而且時代也比他好許多

He would lose both fortunes, but not recover the losses of the fortune he had in 1929
1930 ----  1940.12 suicide   10 yars

Market condition start to lay solid fundation 40s and fly 50s  takes 30 years

市場會讓他再死兩回  他有兩條命  市場讓他 死了兩回    他應該有五條命才會躲過1929年災難

Wedding     成功非常重要的一麵 關係到他每天近三分之一時間在和誰睡覺

                  from Nettie Jordan on December 2, 1918.
He married Dorothy, a beautiful Ziegfeld Follies showgirl when he was about 40 years old.
Dorothy finally filed for divorce and took up temporary residence in Reno, Nevada, with her new lover, Agent Longcope. On September 16, 1932, Dorothy divorced the great financier on grounds of desertion. They been married since December 2, 1918 - 14 years.

On March 28, 1933, Livermore married the 38 year old Harriet Metz Noble in Geneva, Illinois. There was no honeymoon. It was Harriet's fifth marriage. All four of her previous husbands had committed suicide[6]. This would prove to be a grim harbinger.  Last wife with Livermore


Suicide end of life    悲劇結素   Cause ---  Losing fighting great spirits   clinical depression

Aother description from another site

Description of How to Trade in Stocks
This classic book, written by Jesse Livermore and first published in 1940, sets forth the specific trading techniques and methods used by the man known variously as 'The Boy Plunger', 'The Great Bear of Wall Street', 'The Wolf of Wall Street' and 'The Greatest Stock Trader who Ever Lived'.

He started trading when he was 15 years old in the famous bucket shops of his era where you could get 10% margin. By the time he was 20 he was banned from all bucket shops in the country because he was beating them so badly. He called the crash of 1907 and made $3 million in a single day. In 1929 he went short and made $100 million as America rolled into the Depression. He was personally blamed for the 'Crash of 1929'.

When he was 45 years old he married a beautiful 18 year old Ziegfield Follies showgirl. They lived in opulent style: a mansion on Long Island with a dining room table that sat 46 people, a 300 foot yacht anchored in the back that took him to Wall Street and a beautiful private railway car that took him to Palm Beach for the winter and Lake Placid for the summer. Livermore had two handsome sons by this wife. She was later, in 1934, to shoot her own son in the chest with a rifle during a drunken argument.

This book, written by Jesse Livermore, outlines his unique method of dealing with what he called the three essentials of successful stock market trading: timing, money management and emotional control. He reveals the techniques and methods that he used in a plain easy-to-read style.

The book reproduces the complete text of the original How to Trade in Stocks, and also includes updates, including graphics, charts and personal anecdotes, provided by Richard Smitten, author of 'The Amazing Life of Jesse Livermore'.



Book  Reminiscences of a Stock Operator by  Edwin Lefèvre

Of the eight books authored by Edwin Lefèvre his Reminiscences of a Stock Operator is considered a must-read classic by most anyone involved in the American financial community. The book began as a series of twelve articles published between 1922 and 1923 in The Saturday Evening Post. It is written as first-person fiction, telling the story of a professional stock trader on Wall Street. While published as fiction, it is generally accepted to be the biography of stock market whiz Jesse Livermore. The book has been reprinted in most every decade since its original publication in 1925, the latest put out by John Wiley & Sons in hardcover and paperback in 1994 which remains in print.


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