Jesse Livermore - 19 Facts about the Legendary Trader (2024)

Last Updated on 11 September, 2023 by Samuelsson

Jesse Livermore was an American stock trader who became known as one of the greatest traders in history. He made and lost several fortunes during his lifetime, but he remains an inspiration to many traders today. At one point, Jesse was one of the richest people in the world. He was ahead of his time since he could analyze the markets in a way that had never been done before. His trading insights are as relevant today as they were then. Here are 19 facts about Jesse Livermore and his legendary trading career:

1. Who was Jesse Livermore?

   Jesse L. Livermore was a well-known stock trader at the turn of the 20th century. Despite lacking formal education, Jesse became one of the most successful traders in history. Jesse was one of the first traders to take advantage of arbitrage opportunities, which earned him millions of dollars. Regarded as a Wall Street legend, Jesse is famous for making and losing several fortunes during his lifetime. Jesse was born in 1877 in Shrewsbury, Massachusetts.

2. What is Jesse Livermore most famous for?

   Jesse is famous for predicting market drops and being a highly successful trader. Jesse was able to read the markets and make profitable trades. He also popularized modern technical analysis, as he developed a keen eye for spotting trend reversals. Jesse was also one of the first traders to use stop losses, a risk-management technique still used by traders today. His two most notable trades occurred in 1907 at the beginning of the Great Depression. Reports suggest that Jesse reportedly made over $1 million in profits from his trades, and his peak wealth would equate to $1.5 billion today.

3. What was Jesse Livermore’s Net Worth – How much money did he make?

   At his peak in 1929, Jesse Livermore was worth $100 Million which today can add up to $1.5 billion. Jesse was able to make a considerable fortune from stock trades and arbitrage opportunities. Jesse became one of the wealthiest traders in history by betting on market drops. Jesse had an incredible ability to read the markets and make profitable trades, a skill that made him one of the most successful traders ever. Jesse traded on his account and was known to be a daring speculator. He used his funds, system, and intuition to make his trades.

4. Did Jesse Livermore write any books?

Jesse has written several books and articles that are still relevant to traders today. Here are some of the most famous books he has written;

-How to Trade In Stocks: This book is about the stock market’s success secrets and Jesse’s trading system. It was written shortly before his death in 1940. He gives insights on how to make money in the markets and how to develop a deep understanding of stocks.

-Jesse Livermore’s Two Books of Market Wisdom: This book was written by Jesse Livermore together with Richard Wyckoff and Edwin Lefèvre. The book contains some fantastic insights into Jesse’s trading philosophy and methods. The book is still relevant today, and many traders refer to it when making their trades. The amazing things included Jesse’s famous quote, “It never was my thinking that made big money for me. It always was my sitting. Got that? My sitting tight!”

– The Formulas I Follow When I Trade in Stocks and Bonds

Jesse teaches us about his trading methods and the strategies he followed to make successful trades in this book. Jesse explains in detail how stock market cycles work and how to trade them profitably. He also introduces rules and techniques to help traders manage their risk. Jesse also talks about his famous stop-loss technique, which is still used by traders today. He encourages traders to avoid getting greedy with their trades and keep their losses small. Jesse also explains his views on fundamental analysis, which was unpopular then. Jesse’s trading methods and techniques are still relevant today, and traders can learn much from his book.

– My Life on Wall Street and How I Made Three Fortunes in the Stock Market

This is a book that highlights the life of Jesse Livermore, his journey as a trader, and how he made three fortunes in the stock market. Jesse recounts his adventures on Wall Street and his trading strategies and techniques. Jesse shares his thoughts about the stock market, how he became successful, and how to make a fortune in it. He also gives advice on how to trade successfully and how to manage risk. Jesse’s book is an amazing source of knowledge for traders and investors alike. It is a must-read for anyone who wants to learn more about trading and the stock market. Jesse Livermore will always be remembered as one of the greatest traders in history, and his books will continue to inspire traders today.

-The Livermore Trick of the Total Stock Market Attack for Supreme Speculative Profits

This book is about Jesse’s popular total stock market attack strategy. Jesse explains in detail how to use the strategy to make profitable trades and increase returns on investments. Jesse explains his thoughts on the importance of fundamental analysis, risk management, and trading psychology. Jesse also talks about how to use technical analysis, market cycles, and market timing when trading. Jesse’s insights on the stock market are still relevant today, and his strategies can help traders to make profitable trades. Jesse Livermore’s books are a great source of knowledge for traders and investors alike. Jesse is an inspiration for many traders today, and his books will continue to be studied for generations.

-The Autobiography of Jesse Livermore

In this book, Jesse highlights the story of his life, his struggles, and his successes as a trader. Jesse recounts his journey in the stock market and shares some secrets to success, such as risk management, discipline, and timing. Jesse also talks about the mistakes he made as a trader and how to avoid them in the future. Jesse’s insights and experiences are invaluable, and this book is a must-read for anyone who wants to learn more about Jesse Livermore and his trading methods.

-Smart Livermore’s Tricks for Stock Market Success

Just like the title of the book, Jesse Livermore shares his tricks to achieve success in the stock market. Jesse explains in detail how he made three fortunes in the stock market, the strategies he used, and the mistakes he made. Jesse also talks about risk management, trading psychology, fundamental analysis, and technical analysis in this book. Jesse’s insights and strategies are still relevant today and can help traders to make successful trades. Jesse Livermore will always be a legend in the stock market, and his books will be studied for generations.

-Jesse Livermore’s Stock Market Games and Tricks for Maximal Stock Market Profits

This book is about the golden tips of Jesse Livermore and how to use them to make profitable trades. Jesse explains his views on stock market games and how they can help traders generate profits. Jesse also talks about how to use fundamental analysis and technical analysis in trading. Jesse’s insights are still relevant today, and his books will continue to inspire traders. Jesse Livermore will always be remembered as one of the greatest traders in history, and his books are a must-read for any aspiring trader or investor.

5. What are some famous Jesse Livermore quotes?

   There are several quotes that Jesse Livermore has said that are still relevant today.

   -“Trade only when the market is clearly bullish or bearish.”

   This quote explains the fact that Jesse only entered a trade when the market was clearly trending in a specific direction. Jesse believed that it was important to wait for clear signals and not to enter trades when the market was uncertain or volatile.

   -“Buy rising stocks and sell falling stocks.”

   This quote is about Jesse’s strategy of buying stocks that were rising in price and selling those that were falling. Jesse believed in the importance of timing, and this advice is still relevant today.

   -“Markets are never wrong – opinions often are.”

   Well, just like Jesse’s famous saying, “The market is always right,” Jesse believed in the importance of objectivity when trading. Jesse was aware that there was a difference between what traders thought and what the market was actually doing. Jesse advised that traders should ignore their opinions and follow the market’s direction.

   -“Not taking the loss, that is what does damage to the pocketbook and to the soul.”

   This quote is about Jesse’s view on risk management. Jesse believed that it was important to accept losses and never let them become too large. Jesse also believed in the importance of discipline when trading and this quote is a testament to his view on risk management.

   -“I must buy on a rising scale. I don’t buy long stocks on a scale down I buy on a scale up.”

   This quote explains Jesse’s trading approach. Jesse believed in the importance of timing and that it was important to enter trades when there was a clear trend. Jesse also believed in the importance of only entering trades when there were clear signals that prices would continue to rise. Jesse’s advice is still relevant today and can help traders to make successful trades.

   -“A stock operator has to fight a lot of expensive enemies within himself.”

   This quote is about Jesse’s view on trading psychology. Jesse believed that it was important to control one’s emotions when trading and to never act based on fear or greed. Jesse’s advice is still relevant today and his words can help traders to make more profitable trades.

Here you can find more Jesse Livermore quotes.

6. Was Jesse Livermore married?

   Jesse had several marriages. His first wife was Harriet Nettie Jordan. They were together between 1900 to 1917. Jesse married his second wife, Dorothea “Dorothy” Wendt, a relationship that lasted between 1918 to 1932. His third wife was Harriet Metz Noble. They were together between 1933 to 1940 when he passed on.

7. How old was he when he died?

   Jesse Livermore was 63 years old when he died on November 28, 1940. He was born on July 26, 1877, in Shrewsbury, Massachusetts. Jesse Livermore is widely considered one of the greatest traders in history, and his trading strategies, insights, and quotes have been studied by generations of traders.

8. How did Jesse Livermore get rich?

   Livermore earned his wealth through a combination of savvy stock trading and speculation. He first earned money working as a clerk for Paine Webber in 1898, where he studied the stock market’s movements and began to develop his investing strategies. Jesse eventually left Paine Webber and started trading stocks, making more significant and aggressive trades. Jesse’s incredible success in trading stocks earned him the nickname ‘The Boy Plunger”, and he quickly became one of the wealthiest and most successful traders of his time. Jesse’s unique approach to trading stocks, which focused on timing, risk management, and trading psychology, continues to be studied by traders today. Jesse’s wealth was estimated to be over $100 million when he died in 1940. His incredible wealth and success were a testament to Jesse’s trading strategies, which continue to be studied by traders today. Jesse Livermore is a true legend, and his legacy lives on with all of us who strive for success in trading.

9. Where was Jesse Livermore born?

   Jesse Livermore was born in Shrewsbury, Massachusetts, United States in 1877.

10. Where did Jesse Livermore live?

    He lived in Shrewsbury, Massachusetts, U.S. in the early 1900s. Jesse later moved to New York City, U.S., where he spent the last years of his life before his death in 1940.

    See Also

    Blacksmiths: The King of all Trades

11. Jesse Livermore interviews – Links

    https://www.youtube.com/watch?v=iQm0i-hPBPs

12. How did Jesse Livermore make his money?

    Jesse began trading stocks when he was only 15 years old, making money by trading small amounts of stock. Jesse eventually left Paine Webber and began trading stocks on his own, making larger and more aggressive trades. Jesse’s incredible success in trading stocks earned him the nickname ‘The Boy Plunger”, and he quickly became one of the wealthiest and most successful traders of his time. Jesse’s unique approach to trading stocks, which focuses on timing, risk management, and trading psychology, continues to be studied by traders today. Jesse’s wealth was estimated to be over $100 million at his pick. His incredible wealth and success were a testament to Jesse’s trading strategies.

13. Jesse Livermore Trading Rules

    Jesse formulated a simple trading system that has since become known as Jesse Livermore’s Trading Rules. Jesse believed that a trader should always aim to make at least two points of profit on every trade and focus on trading stocks with strong fundamentals. Jesse also advocated for traders to use stop-loss orders when trading and to never act on emotion or follow the crowd. Jesse Livermore’s Trading Rules continue to be studied and used by traders today.

14. How did Jesse Livermore look like? 2-3 Images

15. What is a Livermore accumulation cylinder?

    This is a technical analysis model invented by Jesse Livermore that is based on the idea that prices move in trends. Jesse believed that when a stock’s price was higher than its previous high, it was in an accumulation phase. Jesse’s theory suggested that traders could then enter the stock during this period and ride the trend higher. It is a rare slow-forming but potentially explosive indicator that Jesse used to his advantage. Jesse Livermore’s Accumulation Cylinder remains a popular tool among traders today.

16. Was Jesse Livermore, the richest trader in history?

    At one time, Jesse Livermore was one of the wealthiest traders in history, with his wealth estimated to be over $100 million at one point. However, at the time of his death, Jesse had accumulated more liabilities as compared to his assets. The worth of Jesse Livermore at his death is not known, but it is safe to say that Jesse was one of the wealthiest traders in history and his story still inspires traders today.

17. Why did Jesse Livermore lose all his money?

    Jesse made a mistake while trading in 1929, which caused him to lose all his money. Jesse was short on the stock market and believed it would crash, but instead, it rose, causing Jesse to lose all of his money. Jesse later wrote about his mistake in his book “Reminiscences of a Stock Operator,” which is why Jesse’s story is still remembered and studied today. Since the rules of trading had yet to be formulated by then, he took a huge blow that resulted in losing his entire fortune.

18. Is there a movie about Jesse Livermore?

    There has been a movie about Jesse Livermore. It is called The America Clock, which is a TV movie that was released in 1993. It explains the life of Jesse Livermore and how he went from being a farm boy to one of the richest stock traders in history. The cast is amazing, giving insight into how trading used to be done, and Jesse Livermore is portrayed brilliantly. His tactics are explained as Jesse experiences life-changing events that help shape his trading philosophy.

19. Who is Jesse Livermore’s granddaughter?

    Brandi Love is the granddaughter of Jesse Livermore. She inherited Jesse’s estate after his death. She is an Actress in Adult explicit films.

20. Is Brandi Love his granddaughter?

    Yes, she is Jesse Livermore’s granddaughter.

    Q: Was Jesse Livermore dyslexic?
    A: Yes, he was dyslexic and struggled with reading and writing throughout his life.

    Q: How old was Jesse Livermore when he started trading stocks?
    A: He started trading stocks when he was just 14 years old.

    Q: What was Jesse Livermore known as?
    A: He was known as a “boy plunger” due to his daring stock trades.

    Q: What techniques did Jesse Livermore use to make trading decisions?
    A: He was an early adopter of using market timing techniques to make trading decisions.

    Q: What was Jesse Livermore the first person to do?
    A: He was the first person to trade on margin, using borrowed money to make larger trades.

    Q. Who is Jesse Livermore?
    A. Jesse Livermore was a famous American stock trader and investor who made a fortune in the stock market during the early 1900s.

    Q. What was the “Livermore Market Key”?
    A. The “Livermore Market Key” was a stock market indicator based on price and volume invented by Jesse Livermore.

    Q. How much money is Jesse Livermore estimated to have made in his lifetime?
    A. Jesse Livermore is estimated to have made over $100 million in his lifetime from trading.

    Q. What financial scandals was Jesse Livermore involved in?
    A. Jesse Livermore was known for taking large risks, and was involved in several financial scandals.

    Q. What books did Jesse Livermore write on trading?
    A. Jesse Livermore wrote several books on trading, including “How to Trade in Stocks” and “Reminiscences of a Stock Operator.”

    Q. How was Jesse Livermore known to dress while trading?
    A. Jesse Livermore was known to be an eccentric character, often wearing a white suit and hat while trading.

More related reading about Jesse Livermore

• The Role of Insiders in Jesse Livermore’s Success (Insider Trading)
• Jesse Livermore’s Multiple Bankruptcies: An Examination of the Reasons and Impact
• Jesse Livermore: An In-Depth Look into the Psychological Toll of Trading and Mental Health Issues
• Jesse Livermore’s Gambling Habits: Understanding the Impulsive Nature of a Stock Market Legend
• Jesse Livermore’s Legacy: An Exploration of the Trader’s Life and Impact on the Financial World

Conclusion

There you have it. Everything you need to know about Jesse Livermore, the legendary trader. Jesse’s story, trading strategies, and rules continue to be studied by traders today. He is an inspiration to many, and his story is one that will live on. Jesse Livermore’s legacy continues to be an important part of the trading world, and his name will never be forgotten.