The Story of Jesse Livermore

If you were to ask professional traders to name the people that have influenced their development in trading, you will find very few people cited more often than Jesse Livermore.

This is largely thanks to the part biographical, part fictional account of Livermore’s life in the famous book Reminiscences of a Stock Operator, which is usually top of the list of the most useful and influential trading books of all time.

However, the thing that is most fascinating about Jesse Livermore and what makes him such an amazing person for traders to learn about, is the extreme polarity between his successes and failures.

On one hand, you have someone that has scaled the absolute heights of success in the markets. Someone that we can use as an example of what you can achieve if you work hard to truly understand the skill of trading and how the markets function.

But, on the other hand, within the same person’s story, you also have clear examples of the pitfalls of trading and how disastrously wrong things can go if you don’t remain cautious about the markets and if you allow complacency to creep into your trading.

Although Livermore was trading a century ago, many aspects of his approach are still absolutely relevant today. His style of trading in many ways was ahead of its time and his wisdom and…