Showing posts with label speculator. Show all posts
Showing posts with label speculator. Show all posts

Friday, July 8, 2016

How Jesse Livermore Made and lose Fortunes in the Stock Market


How Jesse Livermore Made Fortunes in the Stock Market






Legendary Trader - Jesse Livermore
Jesse Livermore was a notorious stock market speculator during the first half of the 20th century. He was a major force on Wall St in markets that were plagued by the same hopes and fears as today's. “Reminiscences of a stock operator” in 1923 offers timeless insight and wisdom for traders offered by Livermore. Lessons taught can be applied to today’s markets:
  • Use a system and don’t deviate from it.
  • If a market doesn’t act right do not touch it; being unable to tell precisely what is wrong, means you cannot tell which way the market is going.
  • Don’t blame the market for losses.
  • Do not seek to lure profit back. Quit while the quitting is good- and cheap.
  • A Speculators chief enemy is boredom, don’t seek a trade let the trade seek you.
  • Use money management at all times.
  • Establish a trading plan.
  • Detail and analyse each trade thoroughly.
  • Establish entry and exit points and risk reward ratios.
  • Accept small losses as part of the game.
  • Do not concentrate on breakeven levels when you are losing.
  • Develop a trading plan for every possible situation that might occur.
  • Follow exit plans with rigid discipline.
  • Do not be overly cautious, simple trades are best.
  • Sustain patience; big movements can take a long time.


  • We hope these pearls of wisdom help.



Monday, June 27, 2016

Monday, November 3, 2014

Jesse Livermore

Jesse Livermore
Stock Operator Extraordinaire



Born in 1877 and died in 1940, Jesse Livermore is the greatest trader / speculator who ever lived.  At his peak in 1929, Jesse Livermore was worth more than $100 millions.  He would have been richer than Bill Gates in today's money.  An unseen feat for a self-taugh / self-made stock and commodities trader who ONLY TRADED HIS OWN MONEY, not Other People Money like today investment's superstars who heads investment banks and hedge funds..  With Bernard Baruch, he was one of the original trend followers.





Loner, individualist, suffering from severe episodes of depression, probably bipolar disorders who eventually took his life, Jesse Livermore made and lost four colossal fortunes during his lifetime.  Make two of his fortunes during stock market crashes periods, in 1907 and 1929, short-selling stocks.  Which earned him $3 millions in 1907 and $100 millions in 1929.  While everyone was losing their shirt, the astute Jesse Livermore was on top of the world!

Unlike the miser Warren Buffett, Livermore was living the life.  At his peak, he owned a series of mansions in several countries, each fully staffed with about 20 or 25 servants year-round, a fleet of limousines and several Rolls Royce cars (my favorites), lot of chauffeurs, yatchs, and regularly threw lavish parties.




The second best book you can get! 


Jesse Livermore also had a ticker tape in every home that he owned, on his railway cars, on his yachts.



Jesse Livermore the womanizer
His affinity for hot gals cost him a lot of money.




The favorite book of Jesse Livermore 
and Bernard Baruch, another legendary trader.


Another one of Livermore's favorite book.




The 3 things that made him an extraordinary trader

- His love of numbers
- Determination to educate himself 
- Being a keen observer.






Now, here are some investment wisdoms from Jesse Livermore. 





- Emotional control (crucial and vital for any trader and gambler)
- Knowledge of economics and fondamentals
- Trade with the trends (Buy in a bull market and short in a bear market)
- Don't trade when there is no clear opportunities.
- Patience.  Let your profits run.
- Trade the leading stocks in each sector.
- Don't average down a losing position.
- Add to winning positions.
And in my view, the most important...
- CUT YOUR LOSSES SHORT (ALWAYS USE A STOP-LOSS POSITION losing no more than 10%.
- Experience.  Learn from your mistakes.





"Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes."  - Jesse Livermore


"Successful traders always follow the line of least resistance. Follow the trend. The trend is your friend." - Jesse Livermore


"It never was my thinking that made the big money for me. It always was my sitting." - Jesse Livermore




 


Thursday, August 1, 2013

Investor, Speculator, Gambler


Investor, Speculator, Gambler, Trader, Arbitrageur, Scalper, Fund Manager,

Let's see the definitions.
As defined by Wikipedia.
 
- An investor is a party that makes an investment into one or more categories of assets --- equity, debt securities, real estate, currency, commodity, derivatives such as put and call options, etc. --- with the objective of making a profit.

- In finance, speculation is a financial action that does not promise safety of the initial investment along with the return on the principal sum.

- Gambling is the wagering of money or something of material value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods.

- In finance, a trader is someone who buys and sells financial instruments such as stocks, bonds, commodities, and derivatives.  (A day trader is a trader who buys and sells financial instruments (e.g. stocks, options, futures, derivatives, currencies) within the same trading day such that all positions will usually be closed before the market close of the trading day.)

Thursday, July 25, 2013

How to Become a Billionaire Gambler

How to Become a Billionaire Gambler


As I said, this site is not about being a recreational gambler (loser).  I will give you the tools and the inspiration to become a professional gambler, a professional investor, a professional speculator.  By professional, I mean a winning gambler, investor, speculator.  It is extremely difficult to achieve success in these three very similar domains.  Like all activities, whether it's sports, arts, businesses, professions, you will need complete dedication to be successful.  You must be passionated about it!  You must live for it!

By this site, I will give you informations, inspiration, and the best places to do business with.

For me, the words investor, speculator, and gambler are all about the same.

Here are the most lucrative forms of gambling/investing with notable high rollers and their net worths.

1- Stock Market (Warren Buffett, $62 Billion)
2- Forex (George Soros, $9 Billion)
3- Horse Betting (Alan Woods, $670 million)
4- Sports Betting (Billy Walters)
5- Poker (Phil Ivey, $100 million)
6- Golf Hustling (Titanic Thompson)
7- Blackjack (Zeljko Ranogajec)
8- Backgammon (Falafel Natanzon)
You can even add...
9- Tennis (Bobby Riggs)
10- Pool (Minnesota Fats)



Always remember that Time is Money, Money is Power, and Power is the ultimate Aphrodisiac!

Monday, May 30, 2011

Jesse Livermore

Jesse Livermore
Stock Operator Extraordinaire



Born in 1877 and died in 1940, Jesse Livermore is the greatest trader / speculator who ever lived.  At his peak in 1929, Jesse Livermore was worth more than $100 millions.  He would have been richer than Bill Gates in today's money.  An unseen feat for a self-taugh / self-made stock and commodities trader who ONLY TRADED HIS OWN MONEY, not Other People Money like today investment's superstars.  With Bernard Baruch, he was one of the original trend followers.

Loner, individualist, suffering from severe episodes of depression, probably bipolar disorders who eventually took his life, Jesse Livermore made and lost four colossal fortunes during his lifetime.  Make two of his fortunes during stock market crashes periods, in 1907 and 1929, short-selling stocks.  Which earned him $3 millions in 1907 and $100 millions in 1929.  While everyone was losing their shirt, the astute Jesse Livermore was on top of the world!

Unlike Warren Buffett, Livermore was living the life.  At his peak, he owned a series of mansions in several countries, each fully staffed with servants, a fleet of limousines and Rolls Royce cars (my favorites), yatchs, and regularly threw lavish parties.



Now, here are some investment wisdoms from Jesse Livermore.  
- Emotional control (crucial and vital for any trader and gambler)
- Knowledge of economics and fondamentals
- Trade with the trends (Buy in a bull market and short in a bear market)
- Don't trade when there is no clear opportunities.
- Patience.  Let your profits run.
- Trade the leading stocks in each sector.
- Don't average down a losing position.
- Add to winning positions.
And in my view, the most important...
- CUT YOUR LOSSES SHORT (ALWAYS USE A STOP-LOSS POSITION losing no more than 10%.
- Experience.  Learn from your mistakes.


"Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes."  - Jesse Livermore

"Successful traders always follow the line of least resistance. Follow the trend. The trend is your friend." - Jesse Livermore

"It never was my thinking that made the big money for me. It always was my sitting." - Jesse Livermore




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