LEGENDS OF TRADING: THE STORY OF JESSE LIVERMORE

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Jesse Livermore is one of the most iconic and influential traders of all time. He is often cited as the main inspiration for a lot of professional traders. This is his story.
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LEGENDS OF TRADING
He was nicknamed The Boy Plunger after he successfully predicted the 1907 and 1929 market crashes, making huge amounts of wealth each time. At the height of his trading career, he had made $100 million, which is the equivalent of about $1.4 billion in terms of today's money.
The part biographical - part fictional book 'Reminiscences of a Stock Operator' tells the story of Livermore's life. His life is truly an incredible story, having lost his entire wealth on more than one occasion and subsequently making it all back again. This is a story of the do's and do not's for all traders.
In this video we look at his background, how he got started in trading, his investment philosophy and some of his tips for traders.
The rest of the Legends of Trading videos can be viewed here: • Legends of Trading and...
We recommend the following books about Jesse Livermore:
• Reminiscences of a Stock Operator by Edwin Lefèvre
• How to Trade in Stocks by Jesse Livermore
• Jesse Livermore: World's Greatest Stock Trader by Richard Smitten
• Jesse Livermore Boy Plunger by Tom Rubython
Presented by Nicholas Puri
#LegendsofTrading #LegendsofInvesting #JesseLivermore

Опубликовано:

31 июл 2024

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Комментарии : 830

@TinCupChalice40 3 года назад

I’ve been trading for a living since 1995. I went completely broke in 2002. It’s the most miserable experience of my life. Every emotion and train of thought of a trader is expressed so clearly in this book. From one who has made 100,000 in a day to losing it all I less than a week. I read this book at least once a year. Yes, I’m still trading

@coelhocointech9841 2 года назад

I lost a million in the market trading

@GameDevAraz 2 года назад

@@coelhocointech9841 so you were rich? Why would you trade with such amount?

@sskhussaini 2 года назад

@@coelhocointech9841 even if you had a million dollars to burn, you start with a small 5k account and build consistency first. As you gain experience and profits, you allow yourself to trade with 10k, then 25k, and so on. Once you realise that no matter what you do, what trading styles you try, you just keep losing and losing and blowing up your accounts, you stop. Trading is not for you. You should try investing in a hedge fund or become an angel investor.

@vinnie8221 2 года назад

Making 100.000 a day to going broke means your risk management sucks.

@TinCupChalice40 2 года назад

Lol, yes it did. But I’m doing a little better now . Hope your doing well.

@rogergarcia306 3 года назад

Truly a pioneer. A boy that only had price to begin with, no trading room, no mentors, no cushy tooshy to hold his hand. He constructed a system and made it. His personal life intersected into his trading life, this affected him. Great video.

@EpioN 2 года назад

He didn’t always construct his own system. In many occasions he just followed other market “gurus”.

@zarosderer4447 Год назад

women destroyed him. Thats what gives chaos into succesful mens life. Otherwise he would never failed and never loose ever.

@AL_THOMAS_777 Год назад

@@zarosderer4447 🙌 👏 🙏 🤝 👍they are more guilty than we think . . . thats why the french say "cherchez la femme!".

@randymillhouse791 2 года назад

I recall a story about the Wall Street crash of 1929 and Jessie Livermore. He arrived home that day and his wife had movers taking furniture out of the house to place in storage. Jessie asked his wife what was going on. She said that we had to salvage and store our things or the bank will come after them. Jessie then told her that he made over 100 million by shorting the market that day. Tell the workers to put that stuff back inside...

@Duomoinitiative 2 года назад

Good story, thanks for sharing! ~ Nicholas

@MargieGarcia-yy5nc 3 месяца назад

Legendary Trader😂❤😂

@user-mf3rz8tz6p Месяц назад

At that point he should've called it a day in the market, and get into the real estate business and go for cashflow not speculative betting... He needs a money pumping engine to continue speculating if that's what gave him a thrill,, not risk all Ur fortune again after so many losses... What he needed was a business that gave him cashflow.. After going bust he still had to go back to the bucket shops,, and being banned there... What he need was a shopping mall or apartment buildings to give him seek capital... With $100M in cash in the 1930s he would've bought a hell of a lot of property in New York

@jeevanamalraj7864 6 лет назад

THIS IS A LESSON FOR EVERY TRADER.NOT ONLY IN TRADING BUT FOR LIFE ITSELF. THANK YOU.

@zarosderer4447 Год назад

@Mac the problem comes because of the women. They destroy and kill men

@trader-for-lifephilippines1544 Год назад

Livermore changed my life. He is basically a position trader within a bull market and taught me how to buy right and sit tight within a bull cycle

@jared5643 Год назад

it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! I freaking love that quote, but it is so hard sitting there with a big profit and knowing you might loose half of it or more before it goes higher (or Lower if your a seller)

@jsnam8139 5 месяцев назад

trailing stop baby

@schuylerhaussmann6877 5 лет назад

lesson of the day; protect your capital

@OneCreator87 4 года назад

Lesson, if you get rich trading, retire ASAP

@Naveen2429NS 4 года назад

Pyscology is Major part in trading

@OneCreator87 4 года назад

@@Naveen2429NS Nothing matters if you don't have an edge that works the future, stop fooling yourself

@fexzi4074 4 года назад

@@Naveen2429NS FACT.. EMOTIONS

@robertbrawley5048 4 года назад

Capital preservation strategies are a suckers game. Stop loss orders show your poker hand to your competitor dont use them . Expect a 50% paper loss before recovery and profit

@Yzjoshuwave 4 года назад

I think I was most struck by how the emotions of a loss can lead to a downward spiraling effect where poor decisions can lead to catastrophic losses. I also really liked the quote about the markets always being right and letting the markets confirm your opinions.

@vincentnoble7063 5 лет назад

Probably the greatest living example of both what to do and what not to do when it comes to trading.

@Landinus0 5 лет назад

Great video. Livermore's personal life is intriguing and perplexing. But his wisdom about market behavior is unquestionable.

@rolandrayn4869 4 года назад

What i just learnt from his life is that money isn't everything. It can come easily as it goes. Why? I don't know. I really don't know. Thks so much for the video. My first time i heard of him.

@herotiramisu 3 года назад

does anyone ever noticed that he draws pattern and price chart with actions on a paper back in those days, unbelievable, what a genius... he was born for the wall streets......he was drawing a rising wedge and a price chart

@mrahmancad 5 лет назад

I enjoyed watching this video. Honestly, I love to watch all the videos on the channel. Very informative materials and these resources have been improving my trading skills greatly.

@albertlabos8400 2 года назад

The book is the very best ever written on the subject and it is regarded as a thumping good read in mainstream instead of being accepted as the truly classic textbook that it really is, but only for the few.

@janschneider6980 4 года назад

Jesse Livermore. The greatest stock exchange speculator of all time.

@N8daGr81991 6 лет назад

Pointing out the actions he was taking to lose his fortune was very important thanks for this team < 3

@8joshua91977 5 лет назад

I like that you added some of his rules and gave a well thought out quick documentary. I'm definitely going to watch your other videos about Trading Legends.

@HassanAkachab 4 года назад

the most important rule after you have made it "Diversify your investments "

@DonkeyBirdNoob 3 года назад

Diversify only if you have a big cap, for small cap, diversify can't see any return 🤷‍♂️

@wo1162 3 года назад

@@DonkeyBirdNoob yep

@wo1162 3 года назад

I would suggest to control the greed, if I had that much I would enjoy the rest of my life and donate to charity to bring people smiles rather than die in tensions and stress

@Ikaros23 3 года назад

@@DonkeyBirdNoob wrong. diversify, and sit put. it`s the compound effect that makes you the big money. It just takes time. The first 10 years nothing happens. Then BOOM. 8-9% profits a year over 10-15-20 years makes you the real money. Not short term trading. Jesse Livermore died broke because in reality it`s impossible to stay that fucking cool and rasjonal all the time. Diversification and compound= a fucking no brainer

@blakebruner5038 3 года назад

@@Ikaros23 His point was that small cap doesn't have the same assurance of long term success that for example FAANG stocks now have. If you're investing equally in a wide variety of unproven companies in emerging industries, you're failing to acknowledge that 80% will not survive the inevitable consolidation. You have to actually correctly identify the winners, and have a disproportionately high % of your investments in those winners from the start.

@gd1ile 6 лет назад

Love these ones so much! Thanks a lot for the effort dude !

@bluewaterfloor7509 5 лет назад

I never heard of Livermore until this video. I learned much. Thank you.

@hoorano 5 лет назад

Thank you for this post. Unnecessary greed can kill, even oneself when taken to the extreme.

@brianmartinez7059 6 лет назад

Well done. You got that perfect narrating accent

@Duomoinitiative 6 лет назад

Thanks Brian!

@joebeeber8693 5 лет назад

If his rules were so good then why did he die broke?!!!

@anttiuhre9110 5 лет назад

Joe Beeber because he had to deal with so much her wife shot their son, Livermore went into deppression It goes to show that nobody is immune to the ”beginner” mistakes or human emotions.

@sirrotterdam7540 6 лет назад

read the book and loved the video! My favourite part is that he kept on going even though he had difficult times, take his 1 million debt for example and that he still managed to make another fortune en pay of that debt! Thanks for the video :)

@chetanmadhok1221 3 года назад

I like your videos. The way you narrate their lives and refer to lessons from it, it's amazing. Keep up the good work. I'm officially subscribing to your channel :)

@T0mmyb00y 5 лет назад

My favourite bit is that even back in his time it was possible to become a billionaire (in today's money) starting with nothing. With everything we have now (technology, internet, money, ...) this must be very possible to achieve!

@suntej18 3 месяца назад

Very truly said , just discipline and hard-work needed

@jacquelined7918 5 лет назад

Yes yes please do more legends of trading and or investing. The best I have watched. Love how you tell their stories.

@jamesturcinov3596 6 лет назад

Loved this Nicholas. It's great to see the history and story from an inspirational trader. Cheers.

@Duomoinitiative 6 лет назад

Cheers James. I haven't seen you around as much recently! Hope the trading is going well.

@nonshatter7 6 лет назад

I've read the book countless times. This video is a good summation and an enjoyable watch. Good job.

@jwia007 6 лет назад

Awesome. I have read the book but did not know all the other personal issues he faced. It is funny how even though it was close to 100 years ago, we still face the same proclivities and issues he faced.

@MM-ji5je 6 лет назад

A well-made video of an interesting story. What impressed me most were his rules because they still seem to apply.

@BelochkaStrelochka 6 лет назад

Thank you, for the overview of Jesse Livermore life!

@nardogrecords 6 лет назад

Best series on youtube

@igig9320 6 лет назад

Excellent work really enjoy watching it. Thank you for putting this together

@JamesWilliams-qn5cq 6 лет назад

Top Notch. Really well done. I really appreciated all of the historically archived trading photographs in black-and-white.

@Nosbor90 6 лет назад

Do you have facebook?

@dsfree99 5 лет назад

I literally just received a copy of the story of Jesse Livermore today and strictly by chance I stumbled across this video. I look forward to learning some of the pearls that plague so many new and old traders in the markets. What you see is what you get. Thanks for an excellent piece on Jesse Livermore.

@AnthonyMukundi 6 лет назад

This is a very inspiring video. It points out what to do or not to do in trading. Thank you

@loucaviotto4193 6 лет назад

Great story telling! Your content is so entertaining and professional

@micaiaholugbengaoshifisan5017 6 лет назад

I read the book and now watch the Video story of Jesse Livermore... In the book he said about a french man who stick to the ancient rules of reading the Chart and back test his Price action as a prove to hold on to a position and did have a profitable trading all the time. My big lessons is that repetition is a mother of a skills not as his up and down but as achieving the level of Financial Security goes on to Financial Independence and goes on to FINANCIAL FREEDOM, MASTERING A UNIQUE SKILL OF REPETITION e.g using $1,000 to make $10,000 over time and keep repeating it as 'it takes SMALL MONEY TO MAKE BIG MONEY' only if you know it. just avoid Emotional trading and be contend with steady growth!

@XTen1000DaysX 6 лет назад

Loved the book and video, anticipating where a stock will go has lost me a lot of money... Jesses quote is important ""don't trust your own opinion and back your judgement until the action of the market its self confirms your opinion"" Don't size in anticipating a move, wait for confirmation and THEN size in! You can see on the picture of his hand drawn chart, he says he will sell on the confirm /lower high, but not before then

@addockerglobalbusinessdire4250 5 лет назад

i think the more a trader makes the more likely s/he to lose the lot if greed takes over, since more risk will be taken and it only takes a bad trade or a small set of bad trades to wipe out ones account. Though fortune favours the brave, it's good to maintain a level head and not risk too much of ones account on so few trades.

@XTen1000DaysX 5 лет назад

you have to be a sniper with your size. Typically you will know if your in too much size. I use to have a style of predicting the top of parabolic rips according to prior resistance. I would then short full size, and it would typically reject especially if it was a emotional panic pop Now days I prefer to size in with a core, really hitting it heavy and locking in some then recycling my shares. And risk management is really important because if you do the first method your full size and it can go against your quick so you have to decide to cut it off or keep it, or cut off half etc. The second method is more ideal for me now that I have a bigger account.

@OkyCapriatto 6 лет назад

This video is pure gold. Thank you so much

@Marmullak_es 6 лет назад

My problems suddently became smaller! Thanks for the upload :)

@Duomoinitiative 6 лет назад

🔹 Get FREE access to the Duomo Trader Development Program: duomotrading.com/FreeDuomoTraining 🔹 Add us on Instagram: instagram.com/duomoinitiative/ 🔹 Our second channel for financial news and analysis: ru-vid.com

@simonandersen8308 6 лет назад

The Duomo Initiative - Financial Education i

@murarikaushik33 6 лет назад

The only lesson and inspiration that you get from this video is - trading is a loser's game. DON'T DO IT.

@emiliedanielsen1645 6 лет назад

@Danilo how is it possible ?

@DinhNguyen-js2fh 6 лет назад

The Duomo Initiative - Financial Education Great story What a mind I love the rules Implementing rule 1 always

@gonelaramesh6587 5 лет назад

What a great story , he faced major up & downs based on trading with money..

@bhekanizitha1394 6 лет назад

wow, his rules are so relevant even today...#TradingPlan is the key!

@maheshpatel4375 3 года назад

I watch this video daily 2-3 times ..I fall in love with this animation,voice and off course Jesse Livermore's observations on market...

@Duomoinitiative 3 года назад

Awesome! Glad it resonated with you. Thanks for watching. - Nicholas

@rodionkulichenko4211 6 лет назад

This is a very good video. Well done guys. It was a pleasure

@krishnendumondal2743 4 года назад

passion , dedication and hardwork can make one the master in the field

@shivashrivastava4437 6 лет назад

Thanks man, really appreciate your work!

@TheMailPlumber 5 лет назад

I'm loving these Legends of Trading videos! I do always wonder though how genuine parts of these stories are when they say that these professional traders started reading the financial literature at young ages like 5-10. I get kids can get interested in the most random things, so I'm not trying to call bullshit, but I wish they provided more details about that aspect.

@FinanceLogic Год назад

i wonder about some things but when you know it was wide open and SEC was making laws after they did stunts...it gets interesting to me too. moreso

@officialbhupenderrautela9494 6 лет назад

Appreciate your Hard Work!

@arjunrajesh8697 6 лет назад

Loved the story Thanks for the video Nicholas

@PGPRADEEP988 4 года назад

Thank you so much indeed for posting this video Brother!!

@aGr3atD4y 3 года назад

thanks for this awesome video! Jesse's lessons are gold!

@123123dac 11 месяцев назад

I accompany him very much. He is undoubtedly a genius, but genius is not born. This has nothing to do with his later efforts. It is very human to be able to calm down in the ups and downs of the stock market. He did it and was very successful. I believe that he finally made such a decision. Whenever I have emotional fluctuations in trading, I will read books that record his legendary life. As an encouragement. The last sentence he likes the most is that life is a big gamble from the cradle to the grave. Thank you!

@saruraj9746 6 лет назад

I am very happy to see vidoe about him, I am great fan of livermore , I love it and he is my icon

@Strrroke 6 лет назад

Amazing video. Obviously a lot of work was put into it!

@reymante1282 6 лет назад

The hall of fame jesse livermore☺☺ such a motivation Story

@billbled 5 лет назад

Good video - enjoyed it. Maybe it's just me but I wish the background music volume was cut in half or (better) gone altogether. But the video was really good. Thanks for making it.

@sachinshaji6366 6 лет назад

Awesome video, Nick !! Inspirational bits:- 1. Earning nearly 25000 today's money at 14-15....❤ 2. Predicting the crash rightly...❤ 3. Getting back on his feet again and again covering his losses....❤

@Duomoinitiative 6 лет назад

That last point must have taken great resolve and tenacity!

@sachinshaji6366 6 лет назад

The Duomo Initiative - Financial Education Yess! Very true !

@olalekansoyinka462 4 года назад

Livermore was very brilliant at trading & was way ahead of his generation. His only challenge was preserving his capital.

@salmanshaik943 6 лет назад

This video give a lot of relief brother I m saying this from my heart I am making huge losses and small profits just hoping to stand up again like he did thank you bro for such video s it's like my medicine from grief of loss which u will surely know thanks a lot

@swright2134 6 лет назад

Thank you for your hard work guys this was a great video

@Duomoinitiative 6 лет назад

Thanks Shawn!

@mohsinsayyed01 2 года назад

Thanks I am actually reading the book Reminisces of a stock operator. I was curious to see the old bucket shops which you portrayed in this video amazing. Thanks. Keep adding videos on famous legend of stock market, traders

@nikhiljadhav6254 5 лет назад

Thanks a lot for making such amazing video I loved it

@Mukesh-cx5uw 5 лет назад

Thank you sir for this great legend

@worldbrooklyn4909 6 лет назад

Please make more. This is great stuff!

@mbick7 6 лет назад

Wow! This is an excellent video! Thank you so much for the historic photos and excellent narrative. I have Reminisces of a Stock Operator on my reading list.

@Duomoinitiative 6 лет назад

Thanks a lot Margaret!

@user-pg7de6re3p 6 лет назад

我也是。我是他的粉丝。he is my 偶像。his book on my 桌子。sorry .I sleep in English class so I only can a little English.

@Nipajim 6 лет назад

Excellent, I have read the book a couple of times, but it was good to hear your overview, Thanks.

@abcdef45533 6 лет назад

Congrats, great video and documentation, greetings from Meixco!

@PanicAttackRecovery 3 года назад

Thanks for putting this video together. Great job

@vincenteoh 6 лет назад

Thanks for your video! It's a great work!

@dachanist 5 лет назад

Just took 28 handles out of the SP minis today, it surely would never have happened without that book.

@sukoon2010 6 лет назад

loved this video, well done!

@KILLHACAY 11 месяцев назад

Wow! Amazing story! Also very tradgic too. Very inspiring just goes to show what one can achieve and if you have faith and belief in yourself..

@thanchau4249 6 лет назад

Thank you so much for your video sir it's help so much with Jesse strategies

@beelian413 4 года назад

Very informative, good job and thank you so much sharing this. Deeply appreciate free knowledge from you.

@josiekailee2081 3 года назад

You need help trading?

@judgementdayprep 6 лет назад

His life was just like the markets. Up and down up and down . The only pattern he didnt see! (no disrespect)

@Duomoinitiative 6 лет назад

Great comment!

@manfrommarse689 6 лет назад

Yes i usually find this amusing after entering share market. That our lives also run like chart patterns and someone has to analyse it to live fully.

@allenzitting820 6 лет назад

How do you know he he didn't see the pattern?

@musicjunkie421 6 лет назад

That was pretty fucked up. But for the sake of comedy, that was super hilarious and I was just gonna comment pretty much the same thing

@user-pg7de6re3p 6 лет назад

哈哈哈。杰西，利弗莫尔。他是我的偶像。我的卧室挂着他的照片。

@smallgiant1 6 лет назад

you win hard...you loose hard. Welcome back Nicholas. Cant wait to see what you have been up to while you have been away. I'm sure its gonna be outstanding

@naturalmystique1237 5 лет назад

Favorite part is Livermore's life was a tragicomedy kinda like mine. He appears to have been like an artist as van Gogh and the likes. One of his pieces of advice at the end is timeless, just what I needed to hear with my current frustration in demo acc. strategies🤣. I just bought the books Technical Analysis by some 2 academics and Trading in the Zone by Douglas and I'm pumped. That was the best documentary I've seen in aeons and it needs a bafta, tout de suite. I had no idea about Livermore so the world is turning for me

@Roman-cf4me 6 лет назад

Thank you for this!

@growlimitless2195 6 лет назад

This is awesome! More videos like this please!

@scantheworld7808 11 месяцев назад

Thank you so much for this video. I enjoyed it a lot. Will buy a book about him.

@sellthedip 4 года назад

Very interesting to watch, he was more gambler then a trader. Used stats for his advantage. The market really does give shit about your stats. He’s rule and philosophy I use with every trade.

@Eurospezial 6 лет назад

My favorite bit, were the investment rules at the end, which I wrote down by hand.

@Imsleeping7 Год назад

Thank you for this video, he opened my market vision.

@rutkettu 6 лет назад

Just finished the book, really amazing stuff, a truly epic story!

@guzzus2080 4 года назад

Which book it is plz

@somtonnamani5422 2 года назад

How do I get the book

@Fit_aszeus 6 лет назад

This is great and something different i never seen before any channel, you should make another episodes with different books.

@SkyFortressDamocles 6 лет назад

OHHH, I'm excited for this one!

@Patrick-il4es 6 лет назад

Thank you for posting !

@nmsinvestsabm927 6 лет назад

amazing and inspirational indeed! thank you!!!!!!!!!!!

@Ms7956 6 лет назад

focus and understand is very important tools before trading

@kunalffx 5 месяцев назад

Great video! documented it really well! 🔥

@edgarbrincat272 6 лет назад

Very interesting......watched it straight away last night. We need more :-P. Thanks again

@boringafgames 5 лет назад

Great video, amazing trader. He blew accounts left and right but got back in again. It says a lot about how important psychology, how many people today would get back to trading after losing like him ?