Jesse Livermore - Shorted 1929 Market for $100 Million
Jesse Lauriston Livermore (July 26, 1877 – November 28, 1940) was an American stock trader. He is considered a pioneer of day trading and was the basis for the main character of Reminiscences of a Stock Operator, a best-selling book by Edwin Lefèvre. At one time, he was one of the richest people in the world; however, at the time of his suicide, he had liabilities greater than his assets.
Some of Livermore's trades, such as taking short positions before the 1906 San Francisco earthquake and just before the Wall Street Crash of 1929 which made him $100 million, are legendary and have led to his being regarded as the greatest trader who ever lived. [1]
Some of Livermore's trades, such as taking short positions before the 1906 San Francisco earthquake and just before the Wall Street Crash of 1929 which made him $100 million, are legendary and have led to his being regarded as the greatest trader who ever lived. [1]
