How Jesse Livermore Made and Lost Everything

The name Jesse Livermore is known to anyone who has seriously studied trading. He started at 14 — chalk, board, and observing supply and demand.

In 1907 and 1929 he made a fortune betting against an overheated market. But it was not magic or miracles of indicators — just risk, discipline, and observing human behavior.

But he also lost everything. More than once.

"The hardest thing in trading is not predicting the market, but not destroying yourself."

He did not make forecasts. He just watched how and when people bought and sold. Because price is the opinion of the majority at that moment.

💡Lesson: the market is not a mystery. It's human behavior. The one who wins is not the one who guesses, but the one who works with reality: assesses volumes and manages risks.

"What matters is not that you are right. But how much you earn when you are right, and how much you lose when you are wrong."

— Jesse Livermore