Jesse Livermore

The man accused of the 1929 crash and for precipitating in every market break from 1917 to 1940.

For the reader who is fascinated, as I have always been the life of Jesse Livermore, the King of Speculators, I can recommend that you read through the most popular and best-selling book ever written on the stock market,

"Reminiscences of a Stock Operator."

Livermore about the rise of no-where to get the best speculator in ever. Read his reputation Read how he and painfully lose his multi-million dollar fortune, time after time.

Ever thought where such exchange wisdoms such as:

"Fear your losses and let your profits run"

"It was never my thinking that made me money but my sitting tight"

"Markets are never wrong, opinions are"

Comes from? The man himself. Read and engrave these quotes in your mind if you want to survive as a trader!

An equally large speculator as Livermore I think was the greatest education one can take from this book is to realize it does not matter how much money you make in the markets is keeping the guard that is important. Livermore never quite understood this part.

In my mind, Darvas was as good as Livermore in making money, but more importantly Darvas realized the importance of the company that profits in difficult market conditions.

Another work that is available is Livermore's 1940 classic, "How Stocks Trade". This is his legacy to the speculator for all time, which he states his philosophy of trading and establish some ground rules. He reigns effort to follow yourself.