Have you seen his wife? (I am joking but not irrelevant) But seriously, people always bring this irrelevant to the topic fact up, but forgot to mention that he was an old man by then. Quality of life is more important than quantity... Not to mention his son suicide indicating depression running in the family.
Livermore's third wife's husband also committed suicide. See what a woman can drive a man to do. Hmmm I wonder if she had anything to with it...
In the notebook, Jessie Livermore had left an 8 page suicide note to his wife. He was her fifth husband.Curiously her previous 4 husbands had also killed themselves. rather odd / scary.
You begun it to make money to bring happiness into life. So money is a tool to bring happiness into life. If it loses the purpose, then well, ... you saw what happened
That would definity be a red flag. Back then autopsy technology didn't exist, i wonder if anything would be discovered today. IMHO Livermore went bankrupt to many times to be considered the greatest trader. Anyone know the trade that bankrupted him? Simply put, from my testing dollar cost averaging will do the trick.
yes. something not really right ; multiple suicides, multiple bankrupts ... Wondering who is selling JL books. JL book seems to be very popular.
1. I don't know who calls that, maybe the book's title? That doesn't mean he was. 2. I think it is the lifestyle what makes you a great trader, not the number of bankruptcies or comebacks. He lived in luxury from his early 20s for 4 decades based on his trading (and not HF's fees), so in my book he was an A OK trader. Definitely in the top 10... 3. Also something to consider when we are talking about greatness, he made money in crashes when most everybody lost money. Now that is trading, baby! 4. He was called the Boy Plunger, that means 2 things: He had significant success early on to be called a boy, and having his own nickname. How many traders can you name with a positive connotation like that? (Pharma Bro doesn't apply, obviously) ----------------------------------- Edit: You know what, I changed my mind, He WAS the greatest trader: " When the dust had settled, between the 24th and 29th October, Wall Street had lost $30 billion. Only much later did it became known that the man who had sold short $300 million worth of shares was Jesse Livermore. Livermore had made $100 million and overnight became one of the richest men in the world. It remains, adjusted for inflation, the most money ever made by any individual in a period of seven days. " For weekend reading: https://epdf.tips/jesse-livermore-worlds-greatest-stock-trader.html Longer summary of his life: https://www.bfsinvest.com/resources/investment-commentary/2015/3Q_2015.pdf