The Story of a Stock Operator Named Jesse Livermore.
The main character of Edwin Lefèvre's book, “Reminiscences of a Stock Operator,” a wall street classic, is the avid short-seller swing technical trader Jesse Livermore. The book results from a number of Lefèvre’s interviews with Jesse Livermore.
In this article, we will analyze the life and teachings of the legendary investor Jesse Livermore, whose trading teachings not only stay relevant today but often are the first things that one will hear as soon as he or she puts his or her foot inside the trading business.
Jesse Lauriston Livermore (1877–1940) was born near Boston, Massachusetts in the US and was one of the most influential people on wall street at that time.
Livermore’s family was involved in farming. At the age of 14, he run away from home, due to his father’s pressure to stop school and help him with his farming, and ended up taking a job in Boston at a stockbroker house as a board boy, at the age of 14. One year later, Livermore will slowly transition away from his day job and into trading. That year he would also buy a new house for his mother with the money he earned speculating the market.
At the age of 23, he moved to New York, where he betted on a market correction. This trade will cost him his fortune at that time. This trade forced him to move away from New…
