The legendary woman who was reborn from the ashes

Chapter 45: Stay with the Strong: Jesse Livermore's Legendary Life and Wisdom

Livermore, one of Jiang Juan’s most admired traders, is also admired by most traders. They all regard Livermore as a god?

Livermore is a legendary figure who used his wisdom and courage to short the U.S. stock market single-handedly during the Great Depression.

His name has become synonymous with the stock market, symbolizing courage, wisdom and perseverance. In that turbulent era, he was like a flash of lightning, illuminating the road ahead and leading countless investors to success.

His success is not accidental, but the result of long-term accumulation and hard work. Livermore deeply studies the market, accurately judges trends, and dares to put them into practice. He is well aware of the fluctuations and changes in the stock market, but he has never been confused by them.

On the contrary, he can always find patterns and seize opportunities, and create one miracle after another in the stock market with his unique vision and strategies.

Compared with Livermore, although Charles Dow, Gann and others have important positions in the stock market, their contributions and influence seem to be slightly inferior.

The Dow Jones Index and the Wall Street Journal left by Charles Dow undoubtedly have a profound impact on the financial world, but compared with Livermore's actual benefits and direct influence, these seem insignificant. Although Gann's method has its own unique features, he relies too much on technical analysis and ignores the fundamentals of the market, which makes his method ineffective in some cases.

Livermore experienced three ups and downs in his life, but he was never defeated by setbacks. Every time he fell, he stood up tenaciously, learned from his failures, and constantly improved himself. This kind of perseverance is his unique magic weapon in the stock market.

His trading record was even more amazing. He could earn $1 million in a single transaction, which was undoubtedly an astronomical figure at the time.

Livermore's wisdom and courage do not exist in isolation, but complement each other and together constitute his unique investment philosophy. He knows that fluctuations and changes in the stock market are normal, and the key to success lies in how to respond to these changes.

He never blindly follows the trend, nor is he easily confused by short-term market fluctuations. On the contrary, he always sticks to his investment philosophy, takes long-term returns as the goal, and steadily arranges and adjusts.

In addition, Livermore also pays great attention to risk control and fund management. He knows that stock market investment is a high-risk and high-return game, so he always maintains a cautious attitude.

Through sophisticated fund management and risk control strategies, he effectively reduced investment risks and ensured long-term stable returns.

Another important principle in Livermore's investment philosophy is to maintain independent thinking and independent action.

He never blindly follows the hot spots and trends of the market, but makes decisions based on his own judgment and analysis. This spirit of independent thinking and independent action enables him to remain calm and rational in the fluctuations of the market, so as to make more wise investment decisions.

Livermore's life is full of legends. His wisdom and courage have become a model for countless investors. His successful experience and investment philosophy have also provided valuable inspiration and reference for subsequent investors.

In today's stock market full of changes and challenges, we need to learn from strong people like Livermore, join hands with them, and create our own glory together!

Being with the strong is an important way to succeed in the stock market. By learning from legendary figures like Jesse Livermore, we can absorb his wisdom and courage and continuously improve our investment level and ability.

As long as you keep associating with the strong and always pay attention to weak stocks, you can make rapid progress.

When trading, you must also associate with strong traders. You must observe those who are doing the best in the market, what they are doing, and those very powerful hot money. What stocks are they buying every day? Go to the Dragon and Tiger List to find these very powerful hot money. What did they buy today and why did they buy it? You must analyze it every day.

See who is doing a good job, who can really increase the amount of funds, what kind of projects they are doing every day, and then learn, imitate, and finally form their own things.

So when we choose the direction of individual stocks, we must also associate with the strong. We must find the main line, we must find the leader, we must find the leading stocks, we must invest in these stocks, embrace the main line of the market, and embrace the leading stocks more.

For example, when we see a leading stock, why don’t we pay attention to it? A leading stock has risen for six or seven consecutive days. Why didn’t we dare to do it when we saw it? What are we afraid of?

You have to question yourself about these things over and over again, review them over and over again, and improve yourself. You must overcome your inner fear of high positions.

If you say that you have a large amount of capital now and you cannot overcome the fear in your heart, then you should reduce the amount of capital. Even if you use 100 shares or 1 yuan to trade stocks, you must go for the leader and the main line to feel the charm of the strong. Only in this way can your trading speed improve rapidly.

Jesse Livermore, a legendary stock market figure who dominated the market during the Great Depression, has left us with valuable experience and wisdom. When we stand on the shoulders of the giants of history and look back, we can't help but find that his success was not accidental, but stemmed from his deep understanding of the market, his ultimate control over himself, and his unremitting efforts.

In today's stock market full of changes and challenges, we need to learn from strong people like Livermore, follow his footsteps and absorb his wisdom.

Of course, following in Livermore's footsteps does not mean that we will necessarily become a legend like him. However, by learning and practicing his wisdom and experience, we can continuously improve our investment level and ability and better cope with market challenges and changes.

Jesse Livermore, this name has left a deep mark in the history of the US stock market. His success story and wise investment philosophy not only provide valuable lessons for future generations, but also guide us on a path of wise investment.

By deeply analyzing Livermore's investment philosophy and strategies, we can draw on his wisdom and add more confidence and strength to our own investment journey.

Jiang Juan often uses Livermore's investment philosophy to encourage and arm herself, so that her investment concepts, investment mentality, and investment techniques can be continuously improved. For example, to gain wisdom in the stock market: follow Jesse Livermore's footsteps and associate with Livermore's wisdom and courage.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like