Some key aspects of his life and career include:
Speculative Successes: Livermore achieved several spectacular gains through successful speculation on stock price movements. His most famous coup was the successful short sale of stocks before the 1929 stock market crash, where he made substantial profits by betting on declining prices.
Technical Analysis: Livermore was a proponent of technical analysis, a method based on the analysis of price charts and market movements. He developed his own trading rules and used technical signals to make his decisions.
Stock Market Books: Livermore also wrote about his experiences and views on trading. His book “Reminiscences of a Stock Operator” is considered a classic and is regarded by many traders as inspirational reading.
Challenges: Despite his impressive successes, Livermore also faced financial challenges and personal turbulence. He experienced multiple financial collapses and repeatedly risked his fortune.
Death: Jesse Livermore met a tragic end when he took his own life in 1940. The exact reasons for his suicide are complex and can be attributed to a combination of financial difficulties, personal crises, and health problems.
Livermore remains a fascinating figure in financial history, and his experiences and teachings continue to influence many traders and investors.