Jesse Lauriston Livermore: The Trading Legend Whose Principles Endure 🔥

Jesse Livermore was a market maestro. Dominated Wall Street back in the early 20th century. Born 1877, Massachusetts. Just a farm boy really. But by 14, he was already working at Paine Webber. Started trading right there. 🚀

New York City fell to him by 1900. People called him "The Great Bear of Wall Street." Not too shabby. His first million? Made it by short-selling during the 1907 panic. Smart move. Then came his biggest win—the 1929 crash. Saw it coming. Profited enormously. Around $100 million they say. That's like $1.5 billion now. Kind of mind-blowing when you think about it. 💰

Looking toward Q4 2025, his principles still matter. Seems his technical analysis ideas never really aged. Market psychology too. It's not entirely clear why, but traders who stick to his trend-following approach seem to handle 2025's crazy markets better than most.

His key ideas still hit home:

• Timing matters most
• Ride the trend
• Cut losses fast
• Let profits grow
• Keep emotions in check

His personal stuff? Messy. Four marriages. Addiction problems. People didn't always like his aggressive style. Made fortunes. Lost them too. Went bankrupt several times. Ended things himself in 1940. He was 63. Left a note saying, "My life has been a failure." Pretty dark. 📉

The legacy lives on though. "Reminiscences of a Stock Operator" from 1923—still a must-read. Digs into psychology. Market cycles. Emotional discipline. All that good stuff. 📚

Never traded crypto, obviously. But his ideas about price action and finding "the line of least resistance"? Work perfectly today. Modern traders still use his playbook. Just updated a bit. 🌕

One of his best quotes reminds us: "Emotional control is the most essential factor in playing the market. Don't anticipate! Wait until the market gives you the clues."