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 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.
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...
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
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)
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.
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
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.
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!
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.
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.
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
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.
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!
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
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.
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.
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
@@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
@@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.
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 :)
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....❤
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.
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.
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!
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 ?
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.
Believe me: The r e a l wealth is the s p i r i t u a l one !!! Thats exactly what JL missed in his life and why he was so depressed - even if NOT losing Millions of bucks !!!
I can relate to Mr Livermore. Trading psychologically can make you go there. My only luck is having Jim Rohn as a virtual mentor. That is the go to guy.
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.
I see him in myself. I'm in my first year trading forex, binary options, mostly at Nadex. I went from losing quickly, losing slow, going back and forth then boom gone, and now I go into the green until double or triple and lose it fast. Goes to show me that holding onto it now is my issue which is a mental thing.. risk management. After blowing account after account that's over with
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
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
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.
He s perfect example of traders.. frustrating all d life.....be a simple n long term investor n successful n happy investor like Warren buffet...own stocks like u own business.... happy investment....
Good strategy for the another 1929... also Buffet manipulated market many times - he doesn't only invest - he misinform public to make his investment not look like speculation but in reality it is the same just in longer span.
Friend watch his Berkshire AGM u never see he his excitement about his money...his wise person n share his great views about business in AGM...u never see such cool n long time investor in short term traders...c d people wisely...u will find...where d life leads to.... Happy investments...
Friend he started from very young age so he understands most of things in share mkt in right manner...he use his wisdom bro... instead of comparing or owening company..just follow his fashion..u will succeed...
I’m halfway through reading his book. I felt a little broken about how he fell off after trusting Percy Thomas 💔😔 But at the same time, I can’t deny that the lessons in that book are examples of mistakes that I’ve made in my own trading.
I have been trading for just few months. Its been stressful, in gains and in losses. Now I am worried that this shit goes on forever. I might have to take trading as a hobby than anything more than that. Need to enjoy life as well. Good luck people.
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.
This was interesting. I know little about this, which is strange because My father was a lifetime career professional stock trader. But if you had MY perspective & relationship as it was with him it would become much more clear. Now as a middle aged man, not rich but not poor and I'm stable and content - even quite happy these days, because I have real wealth of a different kind. One which cannot diminish as long as I live. And yet I find myself interested more because I love math and patterns. I'm good at it. I can help but think I could have done very well as a trader...but it just didn't inspire me at the right time. That takes a mentor if one is not naturally drawn to it. As for toilet seat (up& down) Jesse... I have found that there is an art & science to making money and there is another for GENERATING wealth...and yet a third for maintaining it. They are 3 connected -related yet distinctly different systems. In any case ONE thing you can be certain and it is this.... Life is better even best...when one is PREPARED. Which simply means ALWAYS invest....in your future.
"Markets are never wrong, only opinions are." Jesse Livermore is not exactly a household name today and he has, in fact, been dead for over 70 years. He is, however, considered one of the greatest stock traders of all time and the above quote is my favourite from him and one of my favourite stock market axioms.
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
One similarity of me with Livermore is that even I do like numbers ..it amaze me when I see prices change in market n make me curious of what will happen next
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 :)
Hello Friend This is a great video but it looks still like a gamble. You need more than that. You need a consistent strategy. Contact Mr Salman Hassan on his mail Via: {salmanhassan027@gmail. com} and he will help you like he has helped me. I now make a minimum of $5000 a week thanks to his strategies..
An interesting n thought provoking presentation. Well-done. A mathematician who knew the secrets of 'Price movement', seems to have ignored the reality that Life has its own crests and troughs which one has to ride on like a bull ride. Failing to ride a raging bull correctly has obvious outcome - loss of limbs or life. RIP, Jesse ....
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.
yeah, sticking to your plan is the best thing you can do. I sold a bunch of calls this morning that I bought yesterday on SPY and it was up 60% market close. . I lost like 30% my account market open, and just "cut my losses" even tho I was 70%sure SPY was gonna break the 286 resistance. If I just stuck to my plan, would have made 50% profit instead of losing 30% my account. That's why I put soo much money, because I knew it was going up, but seeing the losses did it for me, and I didn't want no more lol
Great video thanks.I ve been trading over 30 years ...stick to your system, machines can help now, The true pattern here is consistency and being there when an unusual event occurs, like the crash of 29 or 2008. Then its not about skill its about sheer persistance and realizing one time events are just that ....one time
That is what acquiring a skill can do for you. With his skill, he always made a comeback. The reason I believe he couldn't do it again in his sixties was because he had so much emotional issues to deal with.
What I took away from this story was how his mom saw his dream and helped him leave the demands of his father to pursue it. Also, even though he was a genius with numbers and the market, in the end the pressure of it all lead to him taking his own life. Lesson learned; as a trader you must keep things in perspective. My opinion is that the stock market and making money became his god and in the end he had no where to turn but inward and all he found was an empty shell. A relationship with Jesus Christ could have filled the emptiness in this man's soul. Jhn: 3:16-18.
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
I lost a million in the market trading
@@coelhocointech9841 so you were rich? Why would you trade with such amount?
@@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.
Making 100.000 a day to going broke means your risk management sucks.
Lol, yes it did. But I’m doing a little better now . Hope your doing well.
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...
Good story, thanks for sharing!
~ Nicholas
Legendary Trader😂❤😂
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
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
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)
trailing stop baby
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.
He didn’t always construct his own system. In many occasions he just followed other market “gurus”.
women destroyed him. Thats what gives chaos into succesful mens life. Otherwise he would never failed and never loose ever.
@@zarosderer4447 🙌 👏 🙏 🤝 👍they are more guilty than we think . . . thats why the french say "cherchez la femme!".
lesson of the day; protect your capital
Lesson, if you get rich trading, retire ASAP
Pyscology is Major part in trading
@@Naveen2429NS Nothing matters if you don't have an edge that works the future, stop fooling yourself
@@Naveen2429NS FACT.. EMOTIONS
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
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.
THIS IS A LESSON FOR EVERY TRADER.NOT ONLY IN TRADING BUT FOR LIFE ITSELF. THANK YOU.
@Mac the problem comes because of the women. They destroy and kill men
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!
Very truly said , just discipline and hard-work needed
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.
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.
Probably the greatest living example of both what to do and what not to do when it comes to trading.
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
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.
Jesse Livermore. The greatest stock exchange speculator of all time.
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!
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
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.
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.
Great video. Livermore's personal life is intriguing and perplexing. But his wisdom about market behavior is unquestionable.
the most important rule after you have made it
"Diversify your investments "
Diversify only if you have a big cap, for small cap, diversify can't see any return 🤷♂️
@@DonkeyBirdNoob yep
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
@@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
@@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.
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 :)
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....❤
That last point must have taken great resolve and tenacity!
The Duomo Initiative - Financial Education
Yess! Very true !
Livermore was very brilliant at trading & was way ahead of his generation. His only challenge was preserving his capital.
His life was just like the markets. Up and down up and down . The only pattern he didnt see! (no disrespect)
Great comment!
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.
How do you know he he didn't see the pattern?
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
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。
I never heard of Livermore until this video. I learned much. Thank you.
Pointing out the actions he was taking to lose his fortune was very important thanks for this team < 3
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.
Thank you for this post. Unnecessary greed can kill, even oneself when taken to the extreme.
Well done. You got that perfect narrating accent
Thanks Brian!
If his rules were so good then why did he die broke?!!!
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.
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!
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 ?
lesson to learn, STICK WITH YOUR OWN PATTERN AND RULES AND ALWAYS FOLLOW YOUR INSTINCT
viswanath S M. The legend shows the best basic rules of trading, how not to fear falling market, take the opportunity to make profit.GENIUS.
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...
Awesome! Glad it resonated with you. Thanks for watching.
- Nicholas
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.
Fascinating story! The mind can make us rich but also destroy us
Believe me: The r e a l wealth is the s p i r i t u a l one !!! Thats exactly what JL missed in his life and why he was so depressed - even if NOT losing Millions of bucks !!!
Just took 28 handles out of the SP minis today, it surely would never have happened without that book.
I can relate to Mr Livermore. Trading psychologically can make you go there. My only luck is having Jim Rohn as a virtual mentor. That is the go to guy.
He can't balance his life much😞🤯🤯🤯
Love=ego=happiness=sadness=greed=family=satisfaction=peace=god ❤
Or - in other words - better be happy FIRST . . . .
passion , dedication and hardwork can make one the master in the field
focus and understand is very important tools before trading
wow, his rules are so relevant even today...#TradingPlan is the key!
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.
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
Top Notch. Really well done. I really appreciated all of the historically archived trading photographs in black-and-white.
Do you have facebook?
I see him in myself. I'm in my first year trading forex, binary options, mostly at Nadex. I went from losing quickly, losing slow, going back and forth then boom gone, and now I go into the green until double or triple and lose it fast. Goes to show me that holding onto it now is my issue which is a mental thing.. risk management. After blowing account after account that's over with
Just finished the book, really amazing stuff, a truly epic story!
Which book it is plz
How do I get the book
the best trader that ever lived, possibly the most honest too.
Emotions Emotions Emotions. No place in a traders life. Maybe he should have been a long term investor. Great story.
Best series on youtube
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
For someone to lose $100 Million means the guy was a bad trader. This is a perfect example of pure speculator.
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
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.
He s perfect example of traders.. frustrating all d life.....be a simple n long term investor n successful n happy investor like Warren buffet...own stocks like u own business.... happy investment....
Good strategy for the another 1929... also Buffet manipulated market many times - he doesn't only invest - he misinform public to make his investment not look like speculation but in reality it is the same just in longer span.
Friend watch his Berkshire AGM u never see he his excitement about his money...his wise person n share his great views about business in AGM...u never see such cool n long time investor in short term traders...c d people wisely...u will find...where d life leads to.... Happy investments...
Friend he started from very young age so he understands most of things in share mkt in right manner...he use his wisdom bro... instead of comparing or owening company..just follow his fashion..u will succeed...
He's been the first one to understand the Wall Street's codes, then came Gann, then came Graham, etc. The great Jesse Livermore!
He did it. Then he blew it. Then he did it again! What a rollercoaster.
A well-made video of an interesting story. What impressed me most were his rules because they still seem to apply.
The hall of fame jesse livermore☺☺ such a motivation Story
My favorite bit, were the investment rules at the end, which I wrote down by hand.
People with no dime in pocket are preaching money management to a legend.....lol social media!
@Manuj Madan He didn't lose it all. He sill had money when he died that he left to his wife
@Manuj Madan who cares ?
IKR. fkin cunts
What's funny is that majority of these millionaires once had no dime in their pocket, would you listen to them?
Duddddeeee the audacity of keyboard warriors is baffling 🤣🤣🤦🏾♀️
I’m halfway through reading his book. I felt a little broken about how he fell off after trusting Percy Thomas 💔😔
But at the same time, I can’t deny that the lessons in that book are examples of mistakes that I’ve made in my own trading.
I also felt the pain. Especially how he suffered 5years of poverty afterwards. But his great comeback became a quick consolation in the story.
I have been trading for just few months. Its been stressful, in gains and in losses. Now I am worried that this shit goes on forever. I might have to take trading as a hobby than anything more than that. Need to enjoy life as well. Good luck people.
A TRADER must take profit and invest in other assets to avoid lossing money to market
The world is so small: Brandi Love is his great granddaughter
Still, I love his book
Icy Brown wait seriously?
@@sammoore5786 at least that's what Wikipedia is saying
BULLSHIT I AM HIS SON
amazing that they never made a movie about him. what a caracter
Loved this Nicholas. It's great to see the history and story from an inspirational trader. Cheers.
Cheers James. I haven't seen you around as much recently! Hope the trading is going well.
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.
Great video! documented it really well! 🔥
Best Lesson from this book for me was....."Why would i sell my position?.....its a bull market" some random guy jesse had a chat with.
My problems suddently became smaller! Thanks for the upload :)
This was interesting. I know little about this, which is strange because My father was a lifetime career professional stock trader. But if you had MY perspective & relationship as it was with him it would become much more clear. Now as a middle aged man, not rich but not poor and I'm stable and content - even quite happy these days, because I have real wealth of a different kind. One which cannot diminish as long as I live. And yet I find myself interested more because I love math and patterns. I'm good at it. I can help but think I could have done very well as a trader...but it just didn't inspire me at the right time. That takes a mentor if one is not naturally drawn to it. As for toilet seat (up& down) Jesse... I have found that there is an art & science to making money and there is another for GENERATING wealth...and yet a third for maintaining it. They are 3 connected -related yet distinctly different systems. In any case ONE thing you can be certain and it is this.... Life is better even best...when one is PREPARED. Which simply means ALWAYS invest....in your future.
"Markets are never wrong, only opinions are." Jesse Livermore is not exactly a household name today and he has, in fact, been dead for over 70 years. He is, however, considered one of the greatest stock traders of all time and the above quote is my favourite from him and one of my favourite stock market axioms.
I am very happy to see vidoe about him, I am great fan of livermore , I love it and he is my icon
Understanding loss is important....
Very informative, good job and thank you so much sharing this. Deeply appreciate free knowledge from you.
You need help trading?
I've read the book countless times. This video is a good summation and an enjoyable watch. Good job.
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
This is a very inspiring video. It points out what to do or not to do in trading. Thank you
One similarity of me with Livermore is that even I do like numbers ..it amaze me when I see prices change in market n make me curious of what will happen next
LuvToLearn nobody cares
Yes yes please do more legends of trading and or investing. The best I have watched. Love how you tell their stories.
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 :)
Market will never be wrong but ideas are often
Really nice video, thank you!
Hello Friend This is a great video but it looks still like a gamble. You need more than that. You need a consistent strategy. Contact Mr Salman Hassan on his mail Via: {salmanhassan027@gmail. com} and he will help you like he has helped me. I now make a minimum of $5000 a week thanks to his strategies..
An interesting n thought provoking presentation. Well-done.
A mathematician who knew the secrets of 'Price movement', seems to have ignored the reality that Life has its own crests and troughs which one has to ride on like a bull ride. Failing to ride a raging bull correctly has obvious outcome - loss of limbs or life.
RIP, Jesse ....
One thing I learned from this video is that I do not want to end up like him, but I do want to trade like him when he was winning.
So you want to be a profitable trader, but not dead... I think those are pretty good goals! Thanks for watching.
- Nicholas
The Duomo Initiative - Financial Education, yes most definitely.
That was fantastic. Your youtube hiatus was definitely worth it! Looking forward to whatever else you have in store
Thanks Adam!
"It never was my thinking that made big money for me. It always was my sitting. Got that? My sitting tight"
- Jesse Livermore.
Without knowing it I have walked in his footsteps in Boston and now I know why.
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.
Thank you so much for this video. I enjoyed it a lot. Will buy a book about him.
whole book is told in this 17 min video!
Thank you, for the overview of Jesse Livermore life!
"Never sell a stock because it seems high-priced". The word "never" seems too strong to me.
yeah, sticking to your plan is the best thing you can do. I sold a bunch of calls this morning that I bought yesterday on SPY and it was up 60% market close. . I lost like 30% my account market open, and just "cut my losses" even tho I was 70%sure SPY was gonna break the 286 resistance. If I just stuck to my plan, would have made 50% profit instead of losing 30% my account.
That's why I put soo much money, because I knew it was going up, but seeing the losses did it for me, and I didn't want no more lol
I liked the rules he set out and his ability to keep coming back
Looks like he knew that the key is not to have too many stocks, have very few. Most can not adhere to this advice.
If you are a trader of any market, I highly recommend the book he mentioned in the description. It has brought me huge success as a trader.
Great video thanks.I ve been trading over 30 years ...stick to your system, machines can help now, The true pattern here is consistency and being there when an unusual event occurs, like the crash of 29 or 2008. Then its not about skill its about sheer persistance and realizing one time events are just that ....one time
A Legends Life Narrated in an absolute manner
Thank you for your hard work guys this was a great video
Thanks Shawn!
Wow! I can't believe how many times this guy came back from nothing!
That is what acquiring a skill can do for you. With his skill, he always made a comeback.
The reason I believe he couldn't do it again in his sixties was because he had so much emotional issues to deal with.
But his mind was not stable,
In life we need balance between love, happiness, sadness, greed, etc
I think it’s vital that you only put in what you can loose and also lock profits in and don’t be too greedy
What I took away from this story was how his mom saw his dream and helped him leave the demands of his father to pursue it. Also, even though he was a genius with numbers and the market, in the end the pressure of it all lead to him taking his own life. Lesson learned; as a trader you must keep things in perspective. My opinion is that the stock market and making money became his god and in the end he had no where to turn but inward and all he found was an empty shell. A relationship with Jesus Christ could have filled the emptiness in this man's soul. Jhn: 3:16-18.
This is how to win.
It's all about the paradigms baby!