At 17, I left school and plunged into the wild ocean of cryptocurrency. While my classmates were still struggling for grades, I was fighting for my life on the peaks of candlestick charts. Among many legends, Jesse Livermore — the Wall Street lone wolf who ultimately took his own life — became the darkest yet brightest lighthouse in my heart. What he taught me goes far beyond trading skills.
Livermore's almost cruel 'critical point' theory is the survival compass in the whirlwind of the cryptocurrency world. He never indulges in the daily chaotic noise but holds his breath like a hunter, waiting for the price to break through key resistance or support levels at that fatal moment — that is the pulse of the trend truly awakening. When countless people get lost in the cacophony of Dogecoin or Shiba Inu, Livermore taught me: the real opportunity reveals its true form only at the moment when the market breaks free from chaos. He discerned the collective fear and greed of human nature in price fluctuations, thus riding the waves at the forefront of the trend.
His story of going bankrupt four times and reborn four times is the most scarce 'anti-fragile' sample in the ever-changing crypto circle. In 1929, while the entire America was intoxicated in the carnival of bubbles, he calmly sensed the acrid smell of smoke before the crash. He withstood the noise, showing astonishing courage to short with all his might—ultimately reaping $100 million (equivalent to 170 billion today), etching his name at a turning point in history. Each time he fell into the abyss, he never gave up on listening to and interpreting the market pulse again; every time the market trampled him into the dust, he could discern new rules from the ashes. It is this resilience honed in destruction that allowed him to be reborn time and again in the meat grinder of Wall Street.
What shocked me the most about Livermore was that lonely and sharp 'contrarian' soul. When the crowd surged towards the bulls, he dared to swim against the tide, shorting on the edge of the cliff; when fear rendered the market silent, he could capture the flicker of life emerging from despair. In 1929, while the entire America reveled in a false prosperity, he, like a lone wolf, sniffed out the bloody scent of destruction. This courage and clarity in resisting the frenzy of the crowd is precisely the armor most lacking among retail investors repeatedly harvested by FOMO and FUD in the crypto circle.
Livermore's ending is lamentable, but the trading philosophy he wrote with his life is the most precious survival map in this dark forest of the crypto circle. He taught me: in the tumultuous waves of candlesticks, the true winners are not those who predict the storm, but those who know how to bet at critical points, reborn after a crash, and remain cool amidst the frenzy.
Livermore's story does not have a fairy-tale ending, but it carved an eternal soul question for all who struggle in the market: when the noise drowns reason, when the numbers in accounts devour humanity, are we truly mastering desire, or are we being consumed by it? His gunfire has long dissipated, yet the survival rules forged between collapse and rebirth still shimmer like cold stars above each pulsating candlestick—true freedom always comes at the cost of lonely clarity.@区块天哥