Jesse Livermore

Review & Customer Comments on Finance and Trading Guru Jesse Livermore...

Jesse Livermore (1877-1940) was one of the greatest stock traders of the 20th century who managed to leave a lasting legacy. His lifetime of investing knowledge is encapsulated in his books and memorable quotes regarding human nature and the stock market.

Traders of all levels read Livermore's books because the things he discussed are timeless. He focused on the fundamentals of trading such as recognizing trends, managing risk, and maintaining emotional discipline.

There is also quite a lot to be learned from the handful of times that Jesse Livermore lost and recouped multi-million dollar fortunes. According to him each loss was the result of not adhering to his set of trading rules.

This goes to show that even the most successful and profitable traders can be swayed by temptation and bad judgment. This is why it's crucial to set your own goals and parameters for stock trading and do your best to stick with them.

Probably the most important thing that a novice trader can learn from Jesse Livermore is about the need to constantly learn and develop yourself. Albeit, Livermore had a great mind for numbers but he also emphasized the need for study and dedication.

This can be summed up in a popular quote from Livermore's book, How To Trade In Stocks, “The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor. ” - Jesse Livermore.

The other reason that he remains a popular figure in the trading community is because he was a great student of patterns in the market. He believed that due to the consistency of the human element in the markets situations would continue to repeat themselves. One of many reasons why people study his materials.

It's important to realize that there is no one guru or program out there with all the answers. It's up to you to learn as much as you can through a variety of resources in order to understand the big picture of trading. I would recommend using Jesse's strategies in conjunction with additional trading software in an ongoing educational process.

One great tool that I personally recommend is Free INO TV where you can view educational training videos from some the world's top analysts. This is the type of information you'll get at seminars where a seat could cost thousands of dollars.

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