Jesse L. Livermore

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Definition of 'Jesse L. Livermore'

Jesse Lauriston Livermore (July 26, 1877 – November 28, 1940) was an American stock trader who made and lost millions of dollars on Wall Street. He was known as "The Boy Plunger" and "The Great Bear of Wall Street".

Livermore was born in Shrewsbury, Massachusetts, the son of a farmer. He left home at the age of 14 and worked as a messenger boy for a brokerage firm in Boston. He later became a stockbroker himself and made his first million dollars in 1906.

Livermore was a very successful trader, but he also had a gambling problem. He would often lose all of his money and then have to start over again. In 1929, he lost everything in the stock market crash. He died in 1940 at the age of 63.

Livermore was a very controversial figure. Some people admired his trading skills, while others criticized his gambling. He was a complex and enigmatic man, and his story has been told in many books and movies.

Here are some of the things that made Livermore a successful trader:

* He had a very good understanding of the stock market. He knew how to read charts and analyze stocks.
* He was very disciplined and had a strong work ethic. He would often work 18 hours a day.
* He was very aggressive and took risks. He was not afraid to lose money.
* He was very good at timing the market. He knew when to buy and sell stocks.

Livermore was also a very successful teacher. He wrote several books about trading and gave lectures. He had many students, who went on to become successful traders themselves.

Jesse Livermore is a fascinating figure who has been studied by many people. He is a reminder that anyone can make money in the stock market, but it takes skill, discipline, and a strong work ethic.

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