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Jesse Livermore
By: Mark Crisp

, though he died over forty years ago, is still known today as one of the most colorful, flamboyant and respected market speculators of all time. Known by such epithets such as Boy Plunger, the Great Bear, The Wall Street Wonder and the Cotton King, Livermore both made, and subsequently lost, four multi-million dollar fortunes during his career as a speculator, which spanned three decades.

The man who was blamed for the 1929 crash and for precipitating in every market break from 1917 to 1940.

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

"Reminiscences of a Stock Operator."

Read about Livermore’s rise from no-where to gain his reputation as the best speculator in ever. Read how he made and agonizingly loses his multi-million dollar fortunes, time and time again.

Ever thought where such stock market 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"

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

As great a speculator as Livermore was I think the greatest education one can take from this book is realize it doesn’t matter how much money you make in the markets it’s the keeping hold of it that is important. Livermore never quite grasped this part.

In my mind, Darvas was every bit as good as Livermore in making money but much more importantly Darvas realized the importance of holding onto those gains in difficult market conditions.

Another work which is available is Livermore’s 1940 classic, "How to Trade Stocks". This is his legacy to the speculator for all time, in which he states his philosophy of trading and lays down some ground rules. Rules he himself struggled to follow.

About the author:
Mark Crisp is a keen student of Darvas's Methods and created the Momentum Stock Trading System:
http://www.stressfreetrading.com

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These property, finance, stock market & business articles have been supplied in the interest of Universal Wealth Creations visitors who want to expand their knowledge in the wealth creation & investment fields. All the business, finance, stock market & business articles have not been read as they are submitted remotely, so if you find any questionable facts in here or simply do not like it, please email webmaster@universalwealthcreation.com and we will review the material. As we find time to do so, we will go through all articles and remove any that appear not suitable. Other sites we recommend here at Universal Wealth Creation are: 21st Century Academy with Jamie McIntyre, Investor Finance, Universal Trading Solutions which promotes great wealth creators like: Kim Reilly, Simon Martin, Justin Beeton, Louise Bedford, John Kaye, Daniel Kertcher & more. They run great seminars across the country. At times we will publish dates for these seminars as they are made available around the counrty. Meanwhile, there is a great opportunity to learn about the finance, stock market & property investment field through reading these kind of articles. Learn about share trading, options, futures, CFD's, derivatives, warrants, indices & more in the stock market. You will also learn plenty about business, finance & property investing through authors opinions in the marketplace. Enjoy your journey towards financial freedom. We hope you will enjoy your visit.

Regards Sean Rasmussen - Universal Wealth Creation Pty Ltd

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