Why Jesse Livermore never managed others' money?

Discussion in 'Professional Trading' started by qll, Feb 23, 2007.

  1. They are all just old thorn, BlueStreek, or Coinz IDs?

    Or all the people that said "I guarantee the market has topped..." :p
     
    #81     Feb 26, 2007
  2. Ridiculous analogy. Is the gun show in your example open to the public 24/7 365 days a year? Hardly.

    I'm sure Baron can tell advertisers how many unique users visit ET each week.....
     
    #82     Feb 26, 2007
  3. A captive audience is found in both....but the candy store cannot compare to each other.....


     
    #83     Feb 26, 2007
  4. <i>"I'm sure Baron can tell advertisers how many unique users visit ET each week....."</i>

    <b>Prime</b>, you are quoting me out of context. The point to that was, this is a very small community of regular contributers. I realize 60,000+ have passed thru to sign up for an alias. Unique visitors mean squat to conversations. How many return on a frequent basis? One percentile?

    This is the group which continues to rehash the same topics over time. That was my point :D
     
    #84     Feb 28, 2007
  5. clemt

    clemt

    I have read "Reminiscences of a Stock Operator" (ISBN: 0471770884), but I am wondering if anyone here have read "Reminiscences of a Stock Operator Illustrated" (ISBN: 0471678767). What's the difference between the two?
     
    #85     Mar 4, 2007
  6. zdreg

    zdreg

    Some topics seems to hold a fascination or usefulness for long periods of time. as for new blood the number of new members doesn't seem to be growing fast. at any given time the number of people willing to respond is a very low percentage. a 1 per cent response of the number who view
    a thread would be rather high for this message board. it is not necessarily a good or bad thing.
    to the credit of Baron he is open about these numbers.

    my question is why has jessie livermore remain a fascination to traders for many decades and continiues to be a subject of interest to the present?
     
    #86     Mar 4, 2007
  7. maxforce

    maxforce

    Maybe because Livermore's book has summarised the major points in trading rules and thereafter other authors merely repeat the same notion?
    E.g. I find Darvas' advice as another version of Livermore. And since Livermore was earlier, I deduced that perhaps Darvas was influenced directly or indirectly by Livermore.
    I am sure his fame helped too.
     
    #87     Mar 4, 2007
  8. Pekelo

    Pekelo

    I am done with this thread, so I said. But I am reading Hedgehogging by Biggs over the weekend. Biggs worked for Morgan Stanley for 30 years, then he started his own hedgefund.

    Anyway, page 31:

    "In my agony I took out and reread passages from my trading bible, Reminiscences of... by Lafavre....
    ...the book is the distilled trading wisdom and market anecdotes of a professional trader..
    Markets haven't changed that much a century later.It is by far, the best trading book ever written."

    There you go...
     
    #88     Mar 4, 2007
  9. dbs119

    dbs119

  10. he did manage other people's money.

    what makes you think he didn't?
     
    #90     Jul 2, 2008