[Read] ➹ Jesse Livermore - Boy Plunger ➵ Tom Rubython – Pmgtest.info
Read this at the same time As Reminisance of Stock Trader They both complimented each other well The age old cliche fits this piece well Money can buy you happiness, but only for a little while. Only one word for JL Legend there is no other speculator like him who has ridden the ups and downs of the ticker tape and personal life with chutzpah and there will never be again like him Thank you to the author to put HOPE AND FEAR ARE THE MOST FORMIDABLE HAZARSS FOR A TRADER.Follow the path of least resistance he was a trend follower JL believed in taking losses early and profits late, but it was easier said than done.It is the contagion of example that makes a man do something.Whatever happens in the stock market has happened before and will happen again.As a rule, man adapts himself to conditions so quickly that he loses perspective.With bucket shops you were betting on share prices would rise or fall but you didn t own or sell shares Done on 10% margin Anyone who won consistently was banned like corporate bookies The bucket shops in the last 1800s traded 7x the volume of official exchanges.Finally the courts rules that CBOT quotations were proprietary and they could decide who used them end of bucket shops.In 1900 JL wiped himself out as he didn t know the tape was delayed up to 2 hours from the exchange process Didn t matter in a bucket shop but did with real shares.Initially 25% of Sanfrans buildings collapsed in the 1906 quake Fractures gas Mariana caught fire and within 48 hours 67% of Sanfran was burnt out.He lost all his money again on shorting the market too early I should have walked and not sprinted After a down, a man enjoys being up.Piermont Morgan saves the American financial system from collapse in 1906, and in turn made hundreds of millions via secured loa This is a fascinating story of a the stock market in the years leading up to the great crash of 1929 a biography of a trader who made a 100 million dollars shorting the market during that infamous week Anyone who has seriously traded stocks will relate to the first hand account of Jesse Liver s amazing story He made and lost fortunes during a time when The Market was not well regulated, but many of the strategies and psychology involved with stock speculation are still relevant today History usually focuses on how people lost money during this and other crashes, but Jesse Liver became one of the richest people in the world by legally playing th Liver Went Bankrupt For At Least The Fourth Time In 1934 Despite Having Amassed A Fortune Of 100 Million By1929, Liver Was Back Where He Started At 16 He Did Not Seem To Learn From His Mistakes Victor Niederhoffer That Was The Call Of A Lifetime, Everyone Was Blind And Deep Into The Crisis And Jesse Liver Made 100 Million Going Short When Almost Everyone Else Was Bullish And Then Almost Everyone Else Lost Their Shirts John Paulson His Stories Of Making Millions, Were The Financial Equivalent Of Sex, Drugs And Rock N Roll To A Young Man At The Advent Of His Financial Career Paul Tudor Jones It Was An Amazing Day On 24th October 1929 When Jesse Came Home And His Wife Thought They Were Ruined And Instead He Had The Second Best Trading Day Of Anyone In History John Templeton Who Was Jesse Liver Jesse Liver, Was The Most Successful Stock And Commodities Trader That Ever Operated On The Stock Markets He Was Both The Man Who Made The Most Money In A Single Day And The Man Who Lost The Most Money In A Single Day In Fact He Made And Lost Three Great Fortunes Between 1900 And 1940 Singlehandedly He Caused The Two Great Wall Street Crashes Of 1907 And 1929, Making Millions From Both When He Speculated He Speculated Big And Was Known On Wall Street As The Boy Plunger For A Brief Period In The Early 1930s He Was One Of The World S Richest Men With A Personal Fortune Believed To Be Worth Over 150 Million, 100 Million Of That Earned In Just A Few Days From The Wall Street Crash Of 1929 In The End It Was Too Extreme A Change Of Fortunes For Any Man To Cope With And Liver Shot Himself In A New York Hotel Lobby In 1940 Aged Just 63 His Legacy Continued And His Son, Jesse Jr Later Also Committed Suicide As Did His Grandson, Jesse III In The Summer Of 1929 Most People Believed That The Stock Market Would Continue To Rise Forever Wall Street Was Enjoying A Eight Year Winning Run That Had Seen The Dow Jones Increase 1,000 Per Cent From The Start Of The Decade An Unprecedented Rise The Dow Peaked At 381 On 3rd September And Later That Day The Most Respected Economist Of The Day, Irving Fisher, Declared That The Rise Was Permanent One Man Vigorously Disagreed And Sold 300 Million Worth Of Shares Short Two Weeks Later The Market Began Falling And Rising Again On Successive Days For No Apparent Reason This Situation Endured For A Month Until What Became Famously Known As The Three Black Days On Black Thursday 24th October The Dow Fell 11% At The Opening Bell, Prompting Absolute Chaos The Fall Was Stalled When Leading Financiers Of The Day Clubbed Together To Buy Huge Quantities Of Shares But It Was Short Lived Succor And Over That Weekend Blanket Negative Newspaper Commentary Caused The Second Of The Black Days On Black Monday 26th October When The Market Dropped Another 13% The Third Black Day, Black Tuesday 29th October Saw The Market Drop A Further 12% 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 Liver Liver 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 This Is The Story Of That Man. Interesting to read about the history and the lifestyle of investors at the start of the 20th century An incredibly insightful look into the trading habits and personal failures of Jesse Liver It s difficult to find great books on markets but this one is interesting and useful Kindle. Brilliant biography of a man considered the greatest trader of all time Highly recommend for people interested in the stock market, economics, investment oriented interests. Read itVery interesting to get a front row seat to watch insider trading at its best and worst These people are so thankless that no amount of money is enough. The first biography I ve ever read The guy s story is full of ups and downs and I felt like I went through a rollercoaster ride.