Trading Lessons from Jesse Livermore - The Worlds Greatest Trader

A Brief History
At the age of 14, Jesse Livermore began his trading career, although not as a trader.  He was one of the young boys who would stand on a wooden plank in front of a chalkboard posting the quotes of prices for speculators.  This was at the Paine Webber brokerage in Boston.

After about a year of this watching stock prices, noticing patterns, having hunches and checking to see how they did, he decided to make a move.  Keep in mind he had no education in economics, business or finance.  He came from a farming family and left at 14 to make a new life for himself.

He took his $5 in savings and made his first trade …

... Keep reading